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429 Wendover Drive
Princeton, NJ 08540
$3,250,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
7821
Property Description
Constructed by the present owners in 2001, this custom-built property was designed to accommodate extensive social gatherings while offering resort-like amenities for both relaxation and athletic activities. Situated on two woodsy acres, the residence boasts a full brick exterior with an expansive rear stone balcony overlooking the sloping terrain leading to the picturesque Stony Brook. Enter the grand entrance foyer adorned with a floating staircase and captivating vistas, where expansive floor-to-ceiling windows seamlessly merge the interior with the natural surroundings. Adjacent the foyer, the formal dining room sets the stage for refined dining with a side wet bar, while the contemporary kitchen impressess with its array of commercial grade appliances catering to the culinary enthusiasts. A circular breakfast room is enveloped by a window seat providing panoramic views of the backyard landscape. Just off the kitchen, the sunken living room exudes elegance with its cozy fireplace and stunning views of the interior architecture with easy access to the exterior open air balcony through sets of French doors. A private front study offers a tranquil retreat for work, adding a touch of seclusion when needed. The first floor primary suite was intentionally designed to receive the gentle wakening of the morning sun with a generous size bathroom and dual walk-in closets. At the opposite end of this level is a second entry which serves as a mudroom with access to a walk-in closet, a laundry room, powder room, the three car attached garage and a second staircase to the lower level. Ascending the floating staircase to the upper level unveils a striking bridge spanning the east and west wings-each wing offers two bedrooms adjoined by thoughtfully appointed bathrooms between them. The eastern wing has a family room with a gas fireplace that serves as a gathering space for the four bedrooms while overlooking the living room below. Dual staircases from the first level lead to the 3,200 sq.ft. walkout basement which is column free due to the installation of steel beams and offers twelve foot high ceilings. This level has three distinct areas: a gym, a large 60 x 30 open space (complete with a bar, pool table, a dance floor and a second kitchen) and a mother-in-law suite with a private entrance consisting of a kitchen/living room combo, one bedroom and a full bath with laundry. From the center open space room, sets of French doors lead to a large paver stone patio covered by the balcony above for outdoor entertainment and relaxation in equal measures. The patio offers the ideal setting for al fresco gatherings whether hosting lively basketball games (could transform into a pickle ball court) or leisurely outdoor meals. A putting green and driving range beckon golf enthusiasts to hone their skills amongst the serene surroundings. With the freedom to unleash countles golf balls into the lush woods, this feature adds a playful element to the outdoor experience, promising endless entertainment and laughter. Whether engaging in spirited sports competitions or enjoying moments of tranquility this outdoor haven promises boundless enjoyment for all. Minutes to the university town of Princeton for shopping,dining, theater or simple luxuries of gourmet ice cream parlors and coffee shops.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
2001
MLS Number
NJME2041186
Location
Address
429 WENDOVER 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 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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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.