11/22/16 – Update – This property just Closed for 480,500.
I showed this bank owned (REO) property in the Ridge at the Bluffs today to a customer, The property at 229 Ridge Rd is a terrific deal and I knew it when I first saw it listed. This house in on the right (correct side of the street) for starters. Ridge Rd in this area is the premium location in the Bluffs. It’s high up in terms of elevation and closer to the beach. The bluffs has almost 1000 houses and thus if your in say the River then by the time you walk to the beach it would be time to turn around and go home. Also, the back yard faces east which is the preferred exposure. The yard needs new sod but NBD there. The house has a pool, a renovated kitchen and a the lost addition in the 3rd bedroom with stairs up to it. The AC is newer and the house in fact was freezing cold when we entered. This house is near the northern entrance to the beach which goes down between Sea Colony and the Bluffs Ocean North. I’m not surprised at all to learn there are multiple offers on the property. The property is worth 500k easy in the current market.