Sea Isle City Real Estate Taxes and Flood Insurance Rates

snoopyProperty taxes for Snoopy living in Oahu, Hawaii may be expensive but that’s not a problem Sea Isle City property owners have to worry about.    Out of the 16 municipalities in Cape May County, Sea Isle City ranks 4th in line below Cape May Point,  Avalon and Stone Harbor being the lowest in the county.    The current tax rate for 2016 is .672 per $100 of assessed value.  A house assessed at $750,000 has a property tax of $5,000.  Most home buyers are pleasantly surprised at this fact.    Another good reason to choose to buy in Sea Isle City is that the City works very hard at keeping its flood insurance rating with F.E.M.A. above average.  This keeps flood insurance rates low, averaging $400-600 per year depending on location and building elevation.    If your foundation has the appropriate amount of flood vents, you will enjoy a significant savings.    I recently bought a home where the flood insurance was almost $1,700 a year.   The owner put in flood vents as part of its renovation and I pay under $500.00.   Between low taxes and unusually low flood insurance, buying in Sea Isle City makes that a smart move.   Also, I am always surprised how quickly homes sell here.   If a home is properly maintained, staged well and priced accurately, it sells.    Sea Isle City is a home run when it comes to deciding where to buy a second home, vacation property or an investment property.

Townsends Inlet Bridge connecting Sea Isle to Avalon Now Open

Townsends Inlet Bridge Reopened 2 Weeks ago just before the Food Truck Weekend at Kix in June.  However, there is a 15 ton weight limit.   See chart below if you’re curious.

townsends.inlet.bridge2townsends.inlet.bridgeTIbridgeRoad-leading-to-Townsends-Inlet-Bridge

The TI bridge was indefinitely closed to traffic in early April of 2017 after an underwater inspection revealed a crack and extensive structural damage on the 75 year old bridge. Built in 1939, Inlet Bridge is now a foundational part of the local community as well as the tourism industry in Townsend, NJ and surrounding towns such as Avalon and Sea Isle. It is a crucial part of Ocean Drive and its closing not only created delays and detours for tourists hoping to see the beautiful views, it also made it harder for residents to enjoy the restaurants and local shops. Construction crews built up the bridge with reinforced steel on the support piers, and it is back up and running this afternoon. This is excellent news for local businesses and residents. Although the hope is that eventually a new span will be built in its place, the repairs will do in the meantime. 

Most readers will have zero concern that their are vehicles are over the 15 ton weight limit, but just for fun, I’ve added a chart of various vehicles and their weights.  I was sure the Jersey Transit buses were way over the limit but wondered about trucks, vans and motor homes. 

vehicles weight for TI bridge

 

Sea Isle City Summer Rental in the Beach Block with an Elevator

 

 

13 72nd St., East is a brand new south end beach block condo/townhouse available for summer rental most weeks this season.  This home was finished being built early in May 2016 and has 5/6 bedrooms, 5 full bathrooms and a half bath.   It has a 4 stop elevator beginning in the garage for loading convenience.  There are 3 master bedrooms en suite with decks and 2 middle hall bedrooms sharing a bathroom.   There is a possible 6th bedroom set up as a family room with a sleeper sofa and full bathroom.  This is a gorgeous home with an ocean view.   There are five (5) decks with the main deck off the Great Room perfect for al fresco dining.     This home has 2 level HVAC, 5 ceiling fans and is soundproofed well for privacy and comfort.  It is on steps to the beach being only 4 houses away.     Perfect for large family gatherings where parents, children and grandchildren can all get together to enjoy the sand, sun and surf.   Also works well for friends and there families to share with 3 private bedroom suites.  This homes sleeps 13 people.  There are 2 off street parking spots and all the amenities you would expect in a luxury home.  Please call for availability, rates and more details on this property.