Laricks Real Estate July 2022 Newsletter  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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Happy July!


Read on for seasonal tips to consider and

discover lifestyle tips curated just for you!

Sea Isle City Market Value Update 

Dustin's Market Minute 

Are homes still selling in Sea Isle City?


Great question. Yes they are. In fact, 13 residential units have gone Under Contract in the past 30 days with prices ranging from $535,000 to $5,900,000. That’s close to 1 unit going under contract every other day and what I would consider “normal” for this time of year. 


One of the challenges for buyers and sellers this time of year is that much of our inventory is rented, leaving only a small window of time during the Saturday changeover to tour the unit in person. Nevertheless, we get it done. 


There are a few really nice beach block units for sale at what we can justify as a reasonable asking prices based on recently sold properties. 


8300 Pleasure is filled with natural sunlight and features extra off-street parking that could be converted to additional living space. I love the potential here! 

  

33 74th Street is a massive house built on a massive property at a very reasonable asking price. With 3 en-suites and more than enough room for an in ground pool, this is an excellent opportunity. Check out our in ground pool renderings by clicking the link below! 

21 73rd Street is also an oversize unit built on an oversized property.  Don't let the extensive rental history fool you, this is a very well kept unit in magazine condition and priced to Sell! 
Contact me for more details. 

Mike Jamison's Mortgage Minute 

Points or no points?

 

Just wanted to take a minute and discuss current rates. 


The good news is our jumbo rate is at 4.25% with 0 points. Many lenders are quoting their rates with one point TODAY. When shopping for a mortgage, it is important to understand what a “point” means to you. 


A point is 1% of the loan amount. For example, if you are doing a jumbo loan in the amount of 800,000 and someone quotes you a rate of one point, that equates to 8,000 which is “1%” of the loan amount. These lender fees can add up. Remember our jumbo loans have 0 points.

On the conforming loans, which are loans that are $647, 200 and below, there is some value to paying a point.

 Historically, if you paid one point your interest rate would be lowered by .25% or ¼ of a point. For this scenario, the break even point would be 48 months (4 years). If you hold the mortgage for over 4 years you will be ahead of the game and it is worth buying the point up front. In today’s market, sometimes paying one point can lower your interest rate up to ½ %, which is a great value and something you should consider.

Please call Michael Jamison 609.425.7285 to discuss options.


Michael J. Jamison

Sr. Mortgage Loan Officer


NMLS# 460193

609.425.7285

Featured Listings 

8300 Pleasure Avenue, Unit SOUTH
Sea Isle City
4 Bed | 2 Bath
33 74th Street, Unit WEST
Sea Isle City
5 Bed | 4 Bath
21 73rd Street, Unit EAST
Sea Isle City
5 Bed | 3 Bath

A warm thank you from the Laricks Family 

This past June was our first year back after 2 years of cancellations due to COVID.  We're happy to announce that we raised a lot of money for the "Peyton's Promise CDH Research Fund at the Children's Hospital of Philadelphia"!

In case you missed the event and still want to make a donation, click the button below. We sincerely thank you for all your support. 

Upcoming Events in 

Sea Isle City 

                     FIREWORKS


Sea Isle’s Independence Day Fireworks Show will take place at 9:00 p.m., launched from an ocean barge near the 50th Street beach. 

Happy Independence Day!


Date:

Monday, July 4, 2022 

Time: 9:00pm

Phone: 609-263-8687

Address:

50th Street Beach

Sea Isle City, NJ 08243

ACOUSTIC OPEN MIC NIGHT (AGES 14-20)

During this free event, which is hosted by the Sea Isle City Chamber of Commerce, participants can enjoy karaoke, corn-hole, and pick-up volleyball games with the SICPD. Gift cards will be given to the best performers and corn-hole players.


Date:

Thursday, July 7, 2022 

Time: 9:00pm to 11:00pm

Phone: 609-263-9090

Address:

Excursion Park

JFK Blvd. & Pleasure Ave.

     CARNIVAL BY THE SEA (NEW FOR      2022)


Come one come all! Come have a ball! 

Come check out the inaugural Carnival By The Sea. 

Enjoy a live Magic Act on stage with Chazz Barber. 

Try your hand at some Carnival games. 

Bounce in the Bounce House. 

Race your friends in a Monster Inflatable Obstacle Course. 

Marvel at roaming Carnival Acts. 

Get pictures with Characters. 

Munch on traditional Carnival Eats. 

AND MUCH MORE!


Date:

Friday, July 22, 2022 

Time: 5:00pm to 8:00pm

Phone: 609-263-8687

Address:

Excursion Park 

JFK Blvd. & Pleasure Ave.

Sea Isle City, NJ 08243

FAMILY FUN NIGHT: MINION MAYHEM


Combining Character Show and DJ Dance Party 

Guests will enjoy an interactive LIVE performance every Monday night, featuring your favorite characters! Additional 

activities for the families on the ground as well! LIVE by the beach! 

7pm-8:30pm. 

Stage Show at 7:30pm


June 27-August 29, (609) 263-8687

June 27th

– Frozen Fever 

July 4th

– Mickey & Minnie Celebrate the 4th! 

July 11th

– Minion Mayhem 

July 18th

– Superheroes Unite 

July 25th

- Christmas Show – Elves Gone Wild 

August 1st

– Princess Showcase 

August 8th

– Trolls Just Wanna Have Fun 

August 15th

– Descendants vs Villains

August 22nd

– Mickey’s Magical Sing-Along 

August 29th

– Minion Mayhem


Date:

Monday, July 11, 2022 - 7:00pm to 8:30pm

Phone:

609-263-8687

Address:

Excursion Park 

JFK Blvd. & Pleasure Ave.

Sea Isle City, NJ 08243

Lifestyle Tips & Tricks

Should You Renovate Your Home

Before Putting It on the Market?


There's a big difference between renovating a home and updating it. Renovations involve a more dramatic execution -knocking down walls or retiling an entire bathroom. Updating is making cosmetic changes such as painting a kitchen or replacing a light fixture. Renovating is, obviously, much more expensive and time-consuming than updating, and that's why many sellers resist it when they're listing their home. But before making any major renovations, ask your real-estate pro if the money you plan to spend can be recouped in the selling price.


Amazing Landscaping Ideas to Create an Enchanting Outdoor Space


Thoughtful landscape design is the key to creating an outdoor oasis, whether you have a tiny courtyard in an urban area or a sprawling estate in the country. Read on for inspiration that will pave the way to better landscape design for every size and style.

The Best Vintage Fourth of July Recipes


Celebrate Independence Day with an old-fashioned 4th of July menu! With classics like apple pie and canapés, along with buttermilk biscuits and cucumber salad, these recipes are a guaranteed hit.


Summer Flowers to Turn Your Garden into the Outdoor Space of Your Dreams


There's nothing like a garden full of gorgeous flowers that can withstand the summer heat. From the captivating aromas to the arresting colors, this roundup of the best summer flowers is all you need to begin designing the perfect garden. Think tall delphiniums, cheery yellow lantanas and much, much more.


To check out who we are and some more fun facts, click on our Blog below!

© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC

Compass RE is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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