Real Estate in Spring Lake NJ

Real Estate in Spring Lake New Jersey is a very valuable commodity.  It’s one of the most exclusive New Jersey Communities and probably the most exclusive community by the New Jersey Shore.  The proximity to the beach make this small shore community a beautiful place to live or vacation.

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Spring Lake NJ News

From The Star Ledger

Homeowners in Long Branch lose eminent domain battle

Friday, June 23, 2006

BY TED SHERMAN

Star-Ledger Staff

The tide ran out yesterday on a group of Long Branch oceanfront homeowners, who lost a court battle to save their properties from sei zure as part of the city's massive redevelopment effort.

A Superior Court judge in Mon mouth County upheld the city's condemnation of the properties under the state's eminent domain statute, saying he would "not second guess" the redevelopment project.

 

Attorneys for some of the homeowners immediately vowed to appeal the decision.

The case involved two dozen homeowners living along the northern strip of Long Branch's beachfront, not far from where developers have already built a sprawling complex of stores, apartments, luxury townhouses and condominiums overlooking the water.

The residents were hoping to save their neighborhood of older, oceanfront homes on Marine Ter race, Ocean Terrace and Seaview Avenue, which were all targeted for the next phase of the ongoing, one- mile redevelopment.

While some of those living in the targeted area sold their homes to the city's designated developers after Long Branch moved to take the properties, others went to court -- claiming the city improperly changed the redevelopment plan. They also argued that there were never any serious efforts to negotiate for adequate compensa tion.

In a 60-page ruling late yesterday, Assignment Judge Lawrence M. Lawson ruled in favor of the city on every issue.

The judge said Long Branch had met its burden under the eminent domain statute to show the area was blighted, as defined under the law. He added that allegations by the homeowners that their properties were not in need of redevelopment was "of no moment."

The city, he said, represented "substantial credible evidence of a public purpose, and the court will not second guess the city's decision. Nor will the court second guess where the city decided the appropriate boundaries of the area should be situated."

Mayor Adam Schneider said the court ruling was a vindication of "everything we've been doing."

At the same time, he said the city still hoped the homeowners could negotiate settlements that would enable them to stay in Long Branch.

"They have refused to negotiate. We'd like them to stay in the units in the new complex. We're hoping this brings them back to the table," Schneider said.

However, William J. Ward, a Florham Park attorney representing two of the homeowners, said they will likely appeal the court decision.

"If you went down there, you would see these are very nice vaca tion homes that have been converted to year-round use. They are certainly not blighted, but under the statute that defines an area in need of development, the judge declared them as blighted," he said. "It goes way beyond the concept of what anyone thinks of blight."

Tip #19

Home Buying Tip, Online Searching:
Searching online is a very effective way to look for real estate in New Jersey, or anywhere for that matter.  Good websites allow you to search through multiple MLS’s so you can cover a wide range.  For example here you can Search for NJ Real Estate.

After you find the house you are interested in you can inquiry with the real estate agency to find out more information or to arrange an appointment to view the house.

 

Tip #18

Home Selling Tip, Targeting Out Of State:
When you sell your home you sometimes have to put yourself in the potential buyers’ shoes.  In New Jersey many home buyers are from the surrounding area, like New York or Pennsylvania.

Knowing this can allow your agent to market your house more effectively.   If he/she will advertise in a New York publication they can describe the proximity to NY.  This allows your potential Buyer Base to expand.

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