Crestwood Village 4

Independent Assessment

Research strongly confirms Crestwood Village 4 as a genuine stock cooperative. Multi-source agreement, including the co-op's own official site and bylaws (crestwoodvillagefour.com), corroborates its 1,190-unit count, 1974-1978 construction span, cash-only purchase requirement, and Independence Hall clubhouse identity. Crestwood Village 2 and 3 are also true stock cooperatives, while Crestwood Village 5, 6, and 7 are fee-simple, deeded HOA communities.

Who May Find This Community Appealing

Buyers who want the widest floor-plan selection among Crestwood Village's cooperative sections — 11 distinct models ranging from compact 537-square-foot units to larger 1,558-square-foot homes — paired with cash-only cooperative affordability, are a strong fit for Crestwood Village 4. Its status as a relatively later-built (1974-1978) cooperative section may also appeal to buyers wanting a somewhat newer co-op unit than Crestwood Village 1 or 3's earlier 1960s construction.

Homes, Builders & Development History

Crestwood Village 4 was built by the Kokes Organization from 1974 to 1978, reaching 1,190 co-op homes across 11 distinct floor plans (Cambridge I and II, Devon, Essex, Georgetown, Hampshire, Lexington, Madison, Oxford I and II, Stratford, Windsor, and Yorktowne) ranging from approximately 537 to 1,558 square feet. Jan Kokes, who took over the family homebuilding business in 1989, has described the origins of what became Crestwood Village IV as tracing back to November 1962, when his father Mike Kokes attended a Rutgers seminar on the demand for New Jersey senior housing. The community's clubhouse, Independence Hall, sits at 15E Moccasin Drive, Whiting, NJ 08759. The community is now fully built out, and all current purchases are resale, cash-only transactions.

Current Pricing & Market Positioning

Reported pricing for Crestwood Village 4 co-op units generally falls in the roughly $100,000-$200,000 range, positioning it among the more affordable options in Ocean County's 55+ community cluster, reflecting both the cash-only purchase requirement and the community's founding-era construction. Buyers should request current asking prices and recent closed comparables specific to floor plan from a local agent experienced with Crestwood Village co-op sales.

New Construction vs. Resale Considerations

Crestwood Village 4 has been fully built out since 1978, so all current transactions are resale, cash-only purchases of co-op shares (no traditional mortgage financing is available). Buyers should budget for a full independent inspection appropriate to the unit's 1974-1978 construction era and request the co-op's current bylaws, membership-application requirements, and financial statements before purchasing.

Taxes, Insurance & Special Assessments

Because Crestwood Village 4 is a stock cooperative, property taxes on the underlying real property are typically paid by the corporation and folded into the monthly maintenance fee rather than billed separately to individual shareholders. Buyers should confirm the current exact tax treatment, insurance coverage, and any pending capital assessments directly with Crestwood Village Co-Op Four, Inc. and consult a tax professional familiar with New Jersey cooperative housing.

Community Layout & Lifestyle

Crestwood Village 4 offers a carefree, maintenance-included 55+ lifestyle centered on Independence Hall, with an unusually wide 11-model floor-plan selection giving residents meaningful choice in home size and layout within a single cash-only cooperative community. Its 1970s construction era and cash-purchase requirement give it a settled, established character shared with the other original Kokes Organization cooperative sections.

Shopping, Healthcare & Airport Access

Crestwood Village 4 is located in the Whiting section of Manchester Township, Ocean County, New Jersey, with its office at 15E Moccasin Drive, Whiting, NJ 08759. The community sits within Whiting's dense cluster of age-restricted developments, with access to Route 530/539 and Route 70 for regional travel toward Toms River, the Garden State Parkway, and the Jersey Shore.

Age Qualification & Material Ownership Restrictions

Crestwood Village 4 is consistently described as a 55-and-older cooperative community, governed by Crestwood Village Co-Op Four, Inc.'s own bylaws and membership-approval process rather than any municipal ordinance. Buyers should confirm the current exact age-verification and membership-application procedure directly with the co-op's Board of Trustees.

Tradeoffs & Limitations

Because Crestwood Village 4 is a true stock cooperative, buyers do not receive a deed to real property; instead they purchase shares in Crestwood Village Co-Op Four, Inc., and co-op shares generally cannot be financed with a traditional mortgage, requiring an all-cash purchase. Nothing in available sourcing gave a single, precise, current monthly maintenance fee figure; buyers should confirm the current exact amount and coverage directly with the co-op. Given the wide range of floor plans, buyers should also confirm the specific model's square footage and any renovation history before purchasing.

Comparison With Nearby Communities

Crestwood Village 4 shares its cash-only, stock-cooperative ownership structure with Crestwood Village 1, 2, and 3, but is distinct from the fee-simple, deeded ownership of Crestwood Village 5, 6, and 7. Its 11-model floor-plan range is the widest among the Crestwood cooperative sections, and its 1974-1978 construction makes it somewhat newer than Crestwood Village 1 (1965-1978) and Crestwood Village 3 (1965-1970).

Current Listings

A connected local agent experienced with Crestwood Village co-op sales can provide current available units, recent closed comparables across the 11 floor-plan models, and the co-op's current membership-approval process.

Is Crestwood Village 4 a co-op?

Yes. Crestwood Village Co-Op Four, Inc. is a true stock cooperative — buyers purchase shares in the corporation rather than receiving a deed, and purchases must generally be made in cash.

What floor plans are available in Crestwood Village 4?

Eleven distinct models — Cambridge I and II, Devon, Essex, Georgetown, Hampshire, Lexington, Madison, Oxford I and II, Stratford, Windsor, and Yorktowne — ranging from about 537 to 1,558 square feet.

Who built Crestwood Village 4, and when?

The Kokes Organization built Crestwood Village 4 from 1974 to 1978.

What is Independence Hall?

Independence Hall, at 15E Moccasin Drive in Whiting, is Crestwood Village 4's clubhouse, with a multi-purpose room, card room, and billiards.