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400 Chester Avenue
Moorestown, NJ 08057
$1,400,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
4104
Property Description
Welcome to this stunning 6-bedroom, 4.5-bathroom residence, at 400 Chester Ave, Moorestown, NJ. This 4,104-square-foot detached home is situated on a large 0.84-acre corner lot. It boasts three finished levels of living space with exquisite architectural elements, including crown moldings, decorative moldings, exposed brick, and high ceilings. This residence was originally built in 1889 and has been thoughtfully updated. It boasts a blend of vintage and modern amenities throughout. Delight in the well-manicured front lawn, mature trees, and lovely landscape as you approach the welcoming wrap-around front porch. Step inside to discover every interior detail, carefully curated and revived by the current homeowners, from the crown and decorative moldings, chair rails, door and window trims, woodwork, and hardware details. The main level consists of a beautiful foyer with a crystal chandelier, that leads you to the formal living room with a gas fireplace, and ceiling fans, with access points to the half bathroom, screened-in porch, a private office with a pocket door, and the dining area. The dine-in area offers seating space for up to 10 to sit comfortably and connects seamlessly to the family room and kitchen. The open-concept renovated chef's kitchen is a chef’s dream, equipped with stainless steel appliances, floor-to-ceiling white cabinets, an oversized granite island, granite countertops, a 48" Wolf gas range, a Sub-Zero refrigerator/freezer, Cove dishwasher, and a separate 24" built-in beverage chiller. On the second level are 3 bedroom suites, each featuring a private en-suite bathroom. The primary bedroom is a private retreat offering a sitting area, dressing area, dual custom closets, and an ensuite bathroom featuring double sinks with quartz countertops, a soaking tub, marble tiles, and a separate glass-enclosed Kohler steam shower system with integrated aroma and light therapy. Enjoy outdoor privacy and relaxation on the covered balcony, accessed through the primary bathroom. Completing this level is the conveniently located laundry room with a wash sink, cabinetry for storage, countertop space, and front-loading washer and dryer. On the third level, you find three generously sized bedrooms, a bonus room, and an additional gorgeous full bathroom with beautiful porcelain tiles and granite countertops. The exterior provides endless possibilities for outdoor enjoyment from the meticulously maintained landscaping and green lawns to the private paver patio and gazebo. Ample parking is offered in the detached 2-car Garage, located at the end of a long driveway with a turnaround. Additional features and upgrades include; new 2-zoned Heating and Cooling systems, 2 tankless water heaters, recessed lighting, new flooring throughout, and a full unfinished basement with exterior bulkhead door access. This property has undergone a total renovation and is move-ready for you to call home and enjoy. This remarkable home presents a unique opportunity to own an exceptional property in the Town Center neighborhood of Moorestown. It is located conveniently close to the cafes, shops, and eateries on Main Street. Here is your opportunity to experience the lovely blend of luxury, historical charm, and modern living in this extraordinary residence. Schedule a showing today and experience the grandeur and elegance of this remarkable property.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1889
MLS Number
NJBL2064046
Location
Address
400 CHESTER 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 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.