HOWELL – Monmouth County, the northernmost county of the Jersey Shore boasts many things…great shopping and dining, unprecedented recreation, over 50 miles of picturesque ocean and bay beaches, sprawling parks and exceptional coastal culture. But the one thing that Monmouth County has lacked was affordable home opportunities specifically for age restricted homebuyers so that they too could enjoy all of the things that this highly sought-after county has to offer. That all changed last year, when The Cove at Howell opened its doors.
The Cove at Howell, an age-restricted, affordable condominium community in the Farmingdale section of Howell, has seen great success after filling a need that Monmouth County has so anxiously been waiting for.
“We attribute this success to the competitively priced condominium product that we are offering to the age-restricted, affordable homebuyer, as well as the local partnerships we have created with those who believe in our vision as much as we do,” said Michael Skea, Director of Marketing for The Cove at Howell.
Maureen Raftery-Bost, a Real Estate Agent with Weichert Realtors who works closely with The Cove at Howell, said this community is exactly what her buyers have been searching for. Raftery-Bost works specifically with buyers and sellers in Howell and the surrounding areas.
“I have a client who is a disabled veteran of the US Army,” said Raftery-Bost. “This client is currently living in an affordable home in New Jersey in a second-floor walk-up condo. My client has been on the search for a new home that highlights single-level living. When The Cove at Howell opened up, it seemed like the perfect solution to his challenges. The spacious open floor plan on ground level was exactly what he was looking for. Everything is brand new and clearly the answer to his needs. I look forward to closing the deal and getting him into this nicely finished affordable home.”
Josette McClaren, a Sales Representative with Weichert Realtors, said The Cove is an excellent and affordable community for the 55 plus buyer. “My clients that have purchased at The Cove at Howell have been extremely happy with their decision.”
Brent Andrews, Real Estate Agent for Weichert Realtors in Howell, also sold a home at the community to one of his active adult buyers earlier this summer.
“I have a disabled client who was able to purchase a two-bedroom, one-bath unit based on his social security income,” Andrews said. “The location is excellent, and both the complex and homes are well designed – perfect for a single person or a family of two. The Cove at Howell really is a hidden gem… it’s not well known in our community of Howell Township, but it definitely needs to be.”
The community offers new, affordable condos available for immediate occupancy. A limited number of homes remain. Affordable two-bedroom condos are available from $117,588 to $168,500. Single buyers must have an annual income that does not exceed $51,864. Couples must have an annual income that does not exceed $59,273. Competitive financing rates are available for qualified buyers. Eligible down payments can be as low as five percent without PMI insurance. Real estate taxes are less than $4,000 per year. The monthly HOA fee is only $111.
For those looking to downsize without the need of a mortgage, your total monthly payment can be less than $500 per month. “This is an incredible relief to our active adults who want to retire but are worried about the cost of living in Monmouth County,” said Skea.
Those interested are invited to tour The Cove at Howell’s new Community Room, as well as its one- and two-bedroom furnished models, which highlight open living areas with a kitchen, living room and dining room.
“These homes have been constructed with very appealing finishes and designer touches,” said Skea. “Our goal is to offer the active adult market state-of-the-art living options that are suited to their needs and desires at the best pricing available.”
Conveniently located off Route 33 in Monmouth County, The Cove at Howell is in close proximity to Routes 34 and 9, the Garden State Parkway, Jersey Shore Premium Outlets, Shark River Golf Course, Allaire State Park, Jersey Shore University Medical Center and the beautiful beaches of the Jersey Shore.
The model homes at The Cove at Howell are located at 701 and 703 East Florence Circle in Howell Township, NJ (GPS 100 East Torino – directly off Route 33 East at Colts Neck Road). To learn more about the community, please visit TheCoveAtHowell.com or call the weekend on-site sales representative, Thomas Palumbo, at 732-921-9660 to schedule an appointment to tour the model homes.