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31 Hamilton Ave
Weehawken, NJ 07086
$4,700,000
Conventional
Property
Bedroom
7
Bathroom
6
Property Type
Conventional
Square ft
--
Property Description
Rare opportunity to own one of only five homes on historic Hamilton Avenue in Weehawken, site of the famous Hamilton-Burr duel that inspired "Hamilton." With full direct views of the NYC skyline and the Hudson River in King's Bluff, along with a private garage, this grand Victorian home has been magnificently restored and lovingly renovated, and is an impressive, majestic home that is ideal for entertaining on a grand scale. Enjoy the all-encompassing view from the main porch or one of the 3 balconies off the bedroom suites. The private garage accommodates 3 cars (tandem), two additional spots outside, and ample free street parking. Inside, the striking entry hall and dramatic staircase beckons, with imported Ukrainian inlaid wood flooring, leading to the magnificent living room with stunning views, as well as the immense family room with fireplace, and formal dining room framed by NYC views. The custom chef's eat-in kitchen has a separate dining area that seats 8, with expansive granite counters / breakfast bar for additional seating, custom Parsons wood cabinets with storage galore, 48" Viking Professional series stove with hood, Sub Zero refrigerator, Bosch dishwasher, and convenient powder room. Just beyond is a bucolic deck and yard. The two upper levels feature 3+ bedrooms (6+ total), including 4 en-suite bathrooms, and 4 of these rooms feature direct NYC views. The massive primary suite includes an oversized bedroom, spacious sitting room, walk-in closet and huge primary bath with separate, serene soaking tub, glass shower, WC, and dramatic vanities. Every bathroom has been thoughtfully renovated with stylish accents such as terracotta tile floors, onyx counters and floors, glass tile showers and unique furniture vanities. Soaring ceilings throughout - first floor is 11', 10' on the second and 9' on the third floor. Wood details include Ukrainian wood inlaid floors, family room fireplace mantel, and two sets of oak/glass pocket doors, original molding, tiger wood paneling and spindles plus coffered ceiling. Lower level features an additional bedroom, full bathroom, laundry, 2nd refrigerator, gym/office/playroom, storage, and attached garage. Two zone central air and heat, and Marvin windows and doors. A commuters' dream, just moments to NYC bus, ferry, light rail, or 5 minute drive to the Lincoln Tunnel. Truly a unique opportunity to own this luxurious and stunning home, with the ever-changing NYC skyline and river views.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
240006811
Location
Address
31 HAMILTON AVE
City
Weehawken
State
NJ
Zip Code
07086
County
HUDSON (NORTH)
Listing
Provider
Keller Williams City Life JC Realty, original listing
Name
Keller Williams City Life JC Realty
Phone
(201) 433-1111
Office Name
KELLER WILLIAMS CITY LIFE JC REALTY
Office Phone
(201) 433-1111
Agent Name
RENEE CONDON

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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.