Why 4885 Bayberry Place Is the Lowest-Priced Listing in Harding Run II
Derek Doernbach
Realtor® · Century 21 Action Plus Realty
If you have been watching the Harding Run II community in Mays Landing, NJ, you may have noticed something unusual: a 2-bedroom condominium priced at just $129,900. That price makes 4885 Bayberry Place one of the most affordable opportunities to own a 2-bedroom condominium in the community based on current MLS data.
What Recent Sales Tell Us
Recent Harding Run II sales shown in the MLS have closed from approximately $178,250 to $237,500, with a median sale price of $215,000. At $129,900, this property is priced approximately 40% below the community median.
The difference is condition. This home is dated and needs renovation and updating. It is being sold as-is, and the price reflects its current state. But for buyers willing to put in the work, the math is compelling.
What the Price Reflects
The home is dated and will require renovation and updating, but at this price, buyers have the opportunity to make their own improvements and design choices rather than paying a premium for someone else's renovations. The property is being sold in as-is condition and is priced accordingly.
Opportunities to purchase in Harding Run II at this price point are extremely limited. At just $129,900, bring your contractor, bring your ideas, and imagine the possibilities.
Understanding the HOA
The current HOA fee is approximately $625 per month. Harding Run II offers community amenities including a clubhouse and tennis courts. HOA fees are an important part of the monthly cost picture, and your lender will factor them into your debt-to-income calculations.
Who Should Consider This Property?
This property makes sense for several buyer profiles:
- First-time buyers who want to get into homeownership at an accessible price point and are comfortable with a project.
- Investors looking for a value-add opportunity in a community where comparable units sell for $178K to $238K.
- Renovators who want to make their own design choices rather than paying a premium for someone else's taste.
Interested in learning more?
Message Derek for additional information or to schedule a private showing. A complimentary, no-obligation market analysis is also available.