For less than $300K, own a huge Italianate home in what may be New Jersey’s next hot spot

There’s no denying that the gentrifying-at-lightning-speed town of Asbury Park, NJ is one of the state’s hippest cities (it even got the Times treatment this weekend). One of the key players in the resurgence has been the Smith Group, who’ve opened some of Asbury’s most popular bars and restaurants, as well as a condo project. The developer is now hoping to replicate this success in Burlington, NJ, a historic city on the Delaware River just 90 minutes outside NYC. And though the transformation is already underway (Smith bought four old homes and is turning a decommissioned firehouse into a trendy restaurant/bar), the time to buy in Burlington is now, as gorgeous 18th- and 19th-century homes can still be gotten for a bargain. Take this 1793 Italianate stunner; it’s situated on a half-acre corner lot, occupies 3,300 square feet, and is asking just $278,950 (h/t CIRCA).

The four-bedroom home was renovated but retains its wealth of historic features, such as original wood plank floors, four fireplaces, crown moldings, and tin ceilings.

The more modern kitchen has granite counters, a large center island, stainless steel appliances, and tons of cabinets, some of which have etched glass doors.

Up the back staircase, the second floor holds the first of two master suites, along with two more bedrooms (one is currently configured as an office). The second master is on the third floor and comes complete with a walk-in closet and en-suite bath.

A fenced-in yard has been landscaped with tiered decks, side porches, a patio, and plenty of perennials.

There’s off-street driveway parking, and the home is just one block from the Delaware Promenade and all of downtown’s dining and shopping.

[Listing: 101 East Union Street by Donna Desisto of Weichert]

[Via CIRCA Old Houses]

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All images courtesy of Weichert