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205 E Central Avenue
Moorestown, NJ 08057
$3,500,000
Conventional
Property
Bedroom
7
Bathroom
10
Property Type
Conventional
Square ft
14144
Property Description
Welcome to this exceptional and timeless stately home, circa 1924, where elegance and charm unite with exquisite design and historical influences. Nestled on just over 1 acre of picturesque land in the town center of Moorestown, this residence offers a spacious and tranquil setting that will captivate your heart from the moment you arrive. Contrary to the prevailing Art Deco and Neo-Gothic trends of its time, this home embraces the elements of the Federal style, popular in the late 18th to mid-19th centuries in the United States and Britain. The architectural features, such as the covered entrance and double-hung windows on the second and third floors, pay homage to the Federal style while infusing the property with sophistication and glimpses of its grand interior. As you step inside, the attention to detail becomes even more apparent. The first floor boasts floor-to-ceiling windows, accompanied by fan light window elements above them. These windows, adorned with custom shutters, exemplify the meticulous craftsmanship and provide a visually stunning impact. This is continued throughout the home with its custom, layered millwork at every turn. The exterior of the house further contributes to its dramatic and classic ambiance. Inside, the traditional center hall entrance leads to a stately living room on the left and a formal dining room on the right. For more relaxed gatherings, a screened-in porch off the dining room provides a delightful space. A meticulously designed butler's pantry with custom wood floors, a catering kitchen, and a spacious modern main kitchen with a massive island and pizza oven adorned with hand painted tiles from Italy cater to both practicality and luxury. The addition made by a previous owner expanded the home's footprint, featuring an encompassing space housing the kitchen, eat-in area, drop zone, walk-in pantry, walk-in storage area, and a den. This addition includes a full basement and an exercise space above, providing ample room for various activities and storage needs. European influences can be seen throughout the home, from light fixtures and mantles sourced from France to the Andalusian-inspired gathering room with a custom bar and terracotta tile floor, offering breathtaking views of the backyard pool. A rich mahogany library showcases coffered ceilings, stunning custom cabinetry, and a gas fireplace, creating an inviting space to read, play chess, or enjoy a movie. The basement of the home boasts a wine tasting area, a wine room, and a large craft space to indulge your artistic endeavors. The addition in the basement provides high ceilings of 10 feet or more, a kitchen, a full bathroom, a stage for theatrical pursuits, and a billiards space. On the upper levels, the primary suite impresses with his and her bathrooms, closets, custom built-ins and an office space. The remaining bedrooms on the second floor are suites, with a total of three. The third floor features a hall bathroom, two bedrooms, plus an additional spacious bedroom suite offering an updated bathroom and sitting area. The backyard is an outdoor oasis designed for your entertainment pleasure. It features a beautiful pool, spa, full outdoor kitchen, and fireplace. The bluestone slate patio with brick inlay creates a delightful pattern that harmonizes with the outdoor kitchen space, equipped with multiple grills, warming drawers and a sink. Completing the outdoor area is a three-level barn transformed into a two-car garage, awaiting your personal touches and customization. This remarkable home presents a truly unique opportunity to own one of the most exceptional properties in Moorestown, while still enjoying the convenience of being close to the vibrant coffee shops and eateries located on Main Street. Don't miss the chance to experience the perfect blend of luxury, historical charm, and modern living in this extraordinary residence. Schedule a viewing today and discover the endless possibilities this home has to offer.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1924
MLS Number
NJBL2047136
Location
Address
205 E CENTRAL AVENUE
City
MOORESTOWN
State
NJ
Zip Code
08057
County
BURLINGTON (WEST)
Listing
Provider
Name
Compass
Phone
Office Name
Compass New Jersey, LLC - Moorestown
Office Phone
(856) 214-2639
Agent Name
Mr. Naoji Moriuchi

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.