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10 Foulet Drive
Princeton, NJ 08540
$2,185,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
4676
Property Description
Nestled in the serene confines of Princeton, this charming home offers a tranquil retreat on a peaceful, tree lined cul-de-sac. Situated on a generous .60 acre lot, the property boasts a welcoming ambiance surrounded by natural beauty, while the home's inviting facade greets you with a front porch and open balcony above. Step inside to a meticulously maintained interior exuding modern elegance and a fresh, clean aesthetic. The main level features a front-to-back luxurious primary suite with vaulted ceilings, providing convenience and privacy. An adjacent study with floor-to-ceiling built-ins and center fireplace offers glass French doors as an option to create a secluded space without sacrificing a sense of connectivity to the rest of the home. Vaulted ceilings in the foyer, living room and family room were designed for an airy atmosphere, fireplaces in the living and family rooms will make gatherings more inviting adding a sense of warmth to the rooms during winter months. The kitchen, breakfast room and family room meet in perfect harmony. Bathed in natural light streaming through bay windows, the generous-sized breakfast room offers a delightful setting for enjoying meals while soaking in the views of the side yard. At the heart of the kitchen lies a center island providing both practical workspace and a stylish centerpiece for the room. A french door from the family room opens to the rear deck for alfresco dining on a deck with glass walls and steps to a firepit for starry night gazing and toasting marshmallows. A redesigned and very functional laundry/mudroom added convenience and organization for coats, shoes and sports equipment with easy access to the three-car garage. The upper level offers four more bedrooms. One ensuite that could serve as a second primary bedroom and three more bedrooms (two that access the upper balcony) that share a generous size hall bath with dual sinks and separate shower room/toilet closet. The updated lower level is partially finished for fun and games. An L-shaped recreation room wraps around to a wet-bar, a full bath, gym area and handsome sliding barn doors open to a multi-purpose room. Some improvements: New roof 2018, repaved drive and circular driveway 2019, new hot water heater system 2022, updated appliances and kitchen backsplash 2022/2023 along with extensive landscaping and hardscaping and a recently painted exterior 2024. Experience Princeton living in this uniquely styled home where modern amenities and large gatherings will become fond memories. Walking path to town, Witherspoon pool and Mountain Lakes Preserves.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1989
MLS Number
NJME2041874
Location
Address
10 FOULET DRIVE
City
PRINCETON
State
NJ
Zip Code
08540
County
MERCER-TRENTON (NORTH)
Listing
Provider
Coldwell Banker Residential Brokerage, original listing
Name
Coldwell Banker Residential Brokerage
Phone
(609) 921-1411
Office Name
Coldwell Banker Residential Brokerage - Princ
Office Phone
(609) 921-1411
Agent Name
Heidi A. Hartmann

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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.