Herald A Lantern 16 February '83

22

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3006 teyahor* Rd. North Cap* May

Joseph F. Thornton Susan W. Olszewski

Michael Vergentino Terry Anne Hineline

CAPE MAY GOODIE: Beautiful 2 story 4 bedroom home wrth 2 bath*, situated on a 60 * 125 comer lot Only 3 very short blocks 1(5 the ocean Detached IV? car garage 2 /one gas heat A bnc> fireplace only a tew ot.the extras 181,000 VILLAS,, ! tjedroom Rancher m move in condition Hbme •eatures Screen enclosed rear Patio ytihty room with washer A dt/er wai to wan'carpet ary) Fat m Kitchen S43,000 to qualiWRvAiFHA'Buyerf BAYSHORE WEST, Reautilul 2 bedroom corner Rancher on 100 x \20 tot Natural gas baseboard heat With new circulator Florida Room attached treated garage, wall to wall carpet *52,500. Copy Machine A Notary Public Available

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OPEN 7 DAYS 886-2023

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Interest Rate War Continues

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REALTORS-I NSURORS VILLAS - *6 Marlend Av«. 2 bedroom year-round Bungalow on a OO'xlOO' lot. Gaa heat. Llatad at *25,500. ' . VILLAS — 129 E. Pacific Ava. Nice two bedroom yearround homa with oil hot /rater heat on a SO'xTS' lot. Sal# price *28,000. VILLAS — Bayahora A Ridgeway Avaa. "Frank's Food Markat" with year-round thro# bedroom living quarters • excellent business with exceptional owner financing to Qualified Buyer! ERMA - 897 Myrna Rd. • Beautiful 4 yr. old, two bedroom, two bath home with central air A Intercom eyetem. Situated on a IOO'xIOO' lot. SEAVILLE — on Rt. 9 (1740-1780 Circa) Two-atory raetorad ahakar horns on 7/8 acres with barn, two bathrooms, three fireplaces, original p'ank flooring, new septic, plumbing, electric, oil heat, deep well. New kitchen with all appliances. Price negotiable and owner financing available t Qualified Buyer.

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By Joe Zelnik The Wall Street Journal recently reported that the "fierce interest-rate war" between banks and savings institutions for new, insured money-market accounts "appears to be over.” Crfpe May County institutions don't seem to have noticed. Many continue to promote aggressively the new accounts which have primarily been draining funds from uninsured money-market accounts. Anchor Savings, with one county location in North Cape May, is offered.a $25 cash bonus for a minimum $5,000 deposit removed from an uninsured money market fund. Anchor was paying 8.752 percent interest on its account last week, a rate exceeded only by Collective Federal Savings & Loan, which is paying 9.45 percent. ANCHOR BASES its rate on the 91-day Treasury Bill plus one-half of 1 percent and changes every Tuesday Collective's rate is set by senior management and is "subject to change everyday." Two months after the ac counts first became available and spurred transfers of millions of dollars into county financial institutions, it now appears that the rates, which initially fell from introductory offers as high as 12.5 percent, are climbing slightly A survey of 15 financial institutions with offices in the county found rates on insured money-market accounts with limited transactions running from 8.06 to 9.45 percent On the co-called "Super NOWs. insured moneyiharket accounts with unlimited checking, the rates run from 6.63 to 8.95. THE FINANCIAL institutions have the freedom to set any interest rates on the insured money-market accounts. Most change their rates weekly, but depositors learn of the rates after-the-fact, in monthly statements, unless they call or visit the institutions

SHARPIE?

5108 N.J. AVENUE WILDWOOD, N'.J. 08280 729-9451

REAL ~ ESTATE Inc.

James W Snarpley GRl CRS lie Real Fslate Bfoker OPFN 7 DAYS A WEEK'

( SHARPUEY \ la a B—t Bwllfl J

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INVESTMENT OPPORTUNITIES

3

Wildwood Large holei'Ocean Avenue v? block from beacb 49 rooms » 2 bedroom owner s apt 26. with running water 23 private bath New gas hot water system Completely furnished e>^ cept lot personal items 92 seat restaurant all dong excellent gross $320 000 “ V Summer'* Coming — Great Investment Property 30 eft units plus cbmpletely furnished restfiuhtni that seats 50 people With a 2 bedroom apt Excellent location only S100 000 Enrico's Restaurant A Night Club. — 17 000 Vi rr building w/2 restaurants bars stage dressing rooms >itchen A ample parking Dong ex cellent restaurant bus-ness banquets senior, ati/en bus tours and shows PRINCIPLES

ONLY

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Once in a litetime buy' Rarely dorrs an investment opportunity ot this type become available Featuring a -bar nightclub with entertainment restaurant and package goods store This well established thi31 ness which operates 12 months of the year shows an EXCELLENT EX CELLENT GROSS License* building and all equipment included in sale OWNER FINANCING TO QUALIFIED BUYFR ALL THIS FOR ONLY $780 000

The insured moneymarket accounts have been .praised by financial institutions for ^trading local moneyvthSTcwl be made available for local lending. The chief advantage they cite is the security of being insured by the Federal Deposit Insurance Corporation (FDIC). The disadvantages are the three-check-a-month limit for the higher-paying account and a $2,500 minimum balance. FOLLOWING list, in alphabetical order, reports the institution’s method of determining its interest rate, the insured moneymarket account rate, and the Super NOW rate, both as of last week: Anchor Savings & Loan, T-bill plus one-half of 1 percent, 8.752 percent, 7.752 percent. (?ape May County Savings & Loan, management decision, 8.5 percent, 7 percent. Citizens United Bank, management decision, 8 percent, 6.75 percent. Collective Federal Savings & Loan, management decision, 9.45 percent, 8.95 percent Crest Savingk & Loan, Tbill rate, 8.25 percent, 7.25 percent. First Jersey National Bank, management decision, 8.06 percent, 6.63 percent. FIRST NATIONAL State Bank of South Jersey, effective annual yield equivalent to T-bill plus three-eighths of 1 percent, 8.276 percent. 7 244 percent. First Savings & Loan, Tbill plus one-half of 1 percent, 8.752, 7,752. Guarantee Bank, equal to or more than the T-bill, 8.502 percent, no Super NOW. Heritage Bank, management decision. 8 percent. 6.8 percent. Marine National Bank, at least the weekly average of the uninsured moneymarket accounts, 8 percent, 7 percent. Ocean City Home Savings & Loan, T-bill plus three-eighths of 1 percent. 8.627 percent, 7.252 Hand Realtors Opens Stone Harbor Office

STONE HARBOR - H N. Hand Realtors has opened an office at 401 96th St., its third location. Owner Harry N Hand of Dias Creek has been in the realty business for more than 30 years. He's also a partner in the Cape In surance Center in North Wildwood Hand Realtors has a main office in Wildwood and another office in Wildwood Hand is an accredited appraiser and his firm is one of the largest commercial realty firms in Cape May County, according to Joseph Pierce, manager It has about 30 employes. Pierce said. Donate Blood. + U.III,, wwv«,

percent. Security Savings & Loan, management ^decision, 8.5 percent, 7 percent. Sturdy Savings & Loan, T-bill plus ont-quarter of 1

percent, 8.37 percent, no Super NOW. i Union Trust Co. of WildwOod, at least the T-, bill Tate, 8.25 percent, 7 percent.

TOLZ

REALTORS Licensed Real Estate Broker

RELOl

EVERYTHING YOU ALWAYS WANTED at the shore 3 . bedroom rancher, short walk to bask in the sun on sandy j beach (summer will be here before you know »t) This home I

is m excellent conditior) >49,000.

BAYFRONT LOT irM^vfery prestigious neighborhood the |

scenery is out of \this

\this world 70x4^0 approximately

EXPANDABLE 2 bedrodm iflncPer near bay large com lortable rooms, carport and covered patio may easily be | enclosed House can grow with your family Only $45,000. PRICE REDUCED to $49,900 'or this lovely 3 bedroom I home located in the bayside community Minutes to (Ml^wood and Cape May See it today 886-2002 . 3802 BAYSHORE BO. • i--^INC. OF NORTH CAPE MAY EACH OFFICE INDEPENDENTLY OWNED S. OPERATED ,

ga Jenenbaum AGENCY, Realtors Insurers

MLS

North Cape May-Rancher with 2 bedrooms, living room. bath, kitchen, utility room. Also attached carport. Assumable FHA Mortgage Orjly $32,500.

North Was gas station l "AS IS" $19,500

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general store. 182' frontage.

West Cape May-Commercial Corner 250 X 100’ Ir regular Ideal for Apts.. Offices Owner financing to qualified buyer * Swainton-New contempora-y 2 story year roupd home Has 3 bedrooms, 2 baths. Lge. living room, kitchen, family room and many custom features l^arge lot $159,000. Swainton-3 bedroom rancher with 1 1 2 baths. Also liv ing room, din area, kitchen, utility room $111,000 • WE GIVE YOU THE RED CARPET TREATMENT 3309 New Jersey Ave. Wildwood. N.J. 522-3467

100% RENTED FOR 1983 Over $9,000 Gross Income Awaits the Buyer ol this N, Wildwood property. 2-3 BR & 2-1 BR Apts, Owner will finance to qualified Buyer,

Asking $84,900 PARSON

REALTY CO.

INC.

L-cerwod OwX Eslatp Broker

522-3463 2600 Atlantic Ave. Wildwood, N.J

TOLZ

REALTORS Lrcensed Real Estate Broker

RELQ

HANDYMAN SPECIAL] Oversized older bungalow with 2 bedrooms, gas heat and garage Needs some work but the price is right! >29,900. ANGLE8EA. Beautiful location dose to the wa'er bedroom condominium featuring living room, dining area, bathroom and fully equipped kitchen Spacious dosets storage area and laundry facilities $58,900. Call lor appointment WATERFRONT BUILDING LOT 75 x 125 on the Delaware Bay in Pierce's Point S28.0B0. COZY EVENINGS BY THE FIRE can be yours in this comfortable 3 qedropm rancher m Cape May Beach Stone fireplace. privacTlence nice area $52,000. By appointment only

886-2704 408 BAYSHORE RD.

inc. of VILLAS EACH OFFICE INDEPENDENTLY OWNED & OPERATED^