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5299 Province Line
Princeton, NJ 08540
$3,450,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
6300
Property Description
The approach to this newly constructed Princeton property is captivated by the striking cupola crowning the third story, now known as the "lighthouse". Illuminated at night, it serves as a beacon, guiding you home and casting a mesmerizing glow that enchants passersby. Upon entering, you are immersed by the sheer grandeur of ten-foot ceilings, which infuse the first floor with a sense of openness and elegance. Additionally, a wide and welcoming grand foyer opens to formal rooms on either side, while the rear gathering room and open three-story staircase is flooded with natural light from the cupola above. The front formal living and dining rooms are adorned with classic wall and ceiling moldings, gas fireplaces and matching chandeliers for entertaining guests in style. Both rooms offer sliding glass doors inviting light and gentle breezes, along with seamless access to covered balconies with bluestone patios. The kitchen beckons with its spacious layout and gracious center island that stretches to the oversized breakfast room offering ample seating for casual dining. Prepare meals with ease on high end appliances with expansive quartz countertops and a center island with a breakfast bar where dual dishwashers and an island sink make for easy clean-up. The adjoining family room invites relaxation and conversation while a gas fireplace casts a warm glow. Both the kitchen and family rooms have sliding glass doors to two more covered balconies with bluestone patios to enjoy a cup of coffee or read a book surrounded by nature. Adjacent the family room, a private guest suite awaits providing a haven for visitors with its own en-suite bathroom. A butler's pantry and wet bar with dual wine coolers is just across from a walk-in pantry and around the corner from a large mudroom/laundry room with access to the three car garage. On the second level you will discover the primary suite offers a gas burning fireplace, dual walk-in closets, with one oversized and thoughtfully fitted with closet organizers and a center island providing display space for the most discerning fashion enthusiasts. The attached bathroom includes a floating soaking tub, double sinks, and dual "yours & mine" shower heads situated at opposite ends, each accessible through their own glass door where you can meet in the middle to dry off and start your day. The three remaining corner bedrooms boast an en-suite bathrooms and walk-in closets. Two bedrooms are connected by a shared media room nestled between them to offer a cozy retreat for movie night. Each of the bedrooms on this level offer private balconies with sliding door access, and in the hallway you will find a second laundry room. At the top of the stairs, explore the third level potential where doors open to a wrap-around, unfinished attic space with tall ceilings and 10 dormers to bring in natural light and fresh air for additional living space with endless possibilities. As you descend to the lower level, construction is in process to finish this walkout lower level. An expansive finished area with nine-foot ceilings bathed in natural light streaming through two sets of patio doors that lead to separate bluestone patios. This area offers the opportunity to customize and expand your home to suit your needs indoors, while lounging on the rear dual patios or any of the eight covered corner balconies to enjoy the picturesque views of a serene stream and woods outdoors. Experience the perfect fusion of indoor and outdoor living, relaxation and recreation in a world of refined elegance where every detail has been thoughtfully designed to enhance your lifestyle.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2023
MLS Number
NJME2042282
Location
Address
5299 PROVINCE LINE
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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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.