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40 Spring Mill Lane
Cherry Hill, NJ 08003
$999,999
Conventional
Property
Bedroom
6
Bathroom
7
Property Type
Conventional
Square ft
5858
Property Description
Situated on a spacious, approximately three-quarters of an acre, double lot in Charleston Riding, this all-brick home with its sprawling circular driveway boasts of a majestic entrance and a two-story foyer. Nestled amongst nature's luscious trees and foliage, it makes a beautiful backdrop for this residence. Entertaining is effortless and a connoisseur's delight. With high end appointed Sub-Zero and Bosch appliances, your family and or guests will enjoy dining at the eat-in kitchen island or having buffet service to bring to the breakfast room to catch the morning sun, formal dining room or other areas of the house. With multiple refrigerators, a walk-in pantry and versatility of dynamic, well-lit interior rooms, a finished basement and exterior grounds equipped with a natural gas line for an outdoor grill, enjoyment and recreation can readily transition from casual to formal and back again. Inclusive for all ages, this property strikes a wonderful balance between a homey environment and a stately one affording privacy and serenity as well as opportunity for community. With room for a tennis court or swimming pool and replete with an expansive patio and ample options for sporting activities, there are large areas for children to play and adults to entertain. The off-white Italian ceramic floor makes for comfort and easy maintenance. Granite countertops adorn the custom kitchen cabinets. Built-in double ovens and microwave create an atmosphere catering to hearty appetites with ease of cooking. Additionally, there is a bright and cheerful breakfast-sunroom offering quintessential tranquility while enjoying the sun's rays streaming through the skylights. A bedroom with a full bath is next to the kitchen on the first floor. The laundry room, also a landing site for the second-floor laundry chute, has lots of cabinets and is adjacent to the large double car garage entrance. The garage boasts a side room, excellent for storage, with separate egress. The pice de rsistance awaits in the romantic dining room hosting more than sixteen people for a sit-down meal. Inlaid teak adorns the flooring and enriches the beauty, while double French doors connect those eating in the breakfast room. Elegantly designed, the powder room has inlaid teak flooring. A lavish formal living room with custom Stark carpeting enhances the furnishings. The den/library provides built-in wooden shelves and serves as a readers' wonderland, computer room, office or Television room. Adjacent, is the expansive family room set on oak parquet flooring keeping the easy to clean theme throughout the home. A custom-working fireplace is enhanced by the nearby bar area with granite countertops and magnificently crafted built-ins. The accoutrements include a wet bar with copper sink. Continuing with the grandeur of the home, an impressive circular staircase introduces you to the upper level where the master suite and four additional bedrooms are separated by a landing overlooking the foyer. The master suite boasts of enormous walk-in closets and two complete bathrooms, stall shower, steam, and luxurious bathtub. The four other large bedrooms are complemented by two bathrooms. Closets galore, there is no shortage of storage space. No stone was left unturned, even a cedar closet with access to the attic and luggage closet are on the second floor. While heading to the finished basement, you are pleasantly surprised by parquet flooring and carpeting, lending itself to fun and games for children and adults. In addition to a plethora of amenities, the house benefits from a central vacuum system, exterior sprinkler system, burglar and fire alarm, 5 Zone air conditioning and 4 Zone heating. Charleston Riding is a great neighborhood located near the finest schools, hospitals, shopping, and is close proximity to Philadelphia, The Atlantic City Shore, Museums, and ninety minutes from New York.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1970
MLS Number
NJCD2067994
Location
Address
40 SPRING MILL LANE
City
CHERRY HILL
State
NJ
Zip Code
08003
County
CAMDEN (NORTHEAST)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Cherry Hill Home Marketing C
Office Phone
(856) 428-8000
Agent Name
Anne Koons

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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.