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4 Colts Drive
Holmdel, NJ 07733
$3,895,000
Conventional
Property
Bedroom
8
Bathroom
11
Property Type
Conventional
Square ft
--
Property Description
Discover limitless luxury living in this expansive 2+ acre estate nestled in prestigious Holmdel. This exclusive gated property offers the ultimate in privacy and sophistication. The focal point is the stately 7 bedroom, 7 full/4half bath chateau that offers over 13,000 square feet of elegant living space. The grand two story foyer welcomes you into this exquisite enclave. From there step into the magnificent great room with soaring 19' ceilings that culminates with the first of four fireplaces framed in custom stone and centered around floor to ceiling windows. Adjacent to the great room are an oak paneled library, billiard room that can serve as a guest bedroom, living room with tray ceiling and gas fireplace, and a banquet style formal dining room. The main house gourmet kitchen boasts an 18' center island, top tier appliances, and an over 200 square foot family room/sitting area with views of the backyard. The pinnacle of the main level is the 2000 square foot pool house which is a truly unique and spectacular amenity. This area features a full salt water pool, spa hot tub, chef's kitchen with moisture-resistant wood cabinetry, living room area, radiant heat stone floors, gas fireplace, movie projector screen, full bathroom, and commercial grade air filtration system. The main level is accessed directly by two separate heated garages that provide a total of five indoor parking spaces. The second level of the home is centered around the 1,200 square master bedroom suite, complete with a sitting area, gas fireplace, wet bar, walk-in dressing room, and opulent master bath with a spacious steam shower. Adjacent to the master suite is a full two bedroom, 1.5 bath apartment complete with a living room, laundry, and private stairway access to the main garage area on the lower level. The 2nd story is rounded off with three additional generously sized bedrooms, two which are en-suites with full bathrooms. The indoor level is made complete by a massive 2000 square foot finished basement that is currently set up as a gym. The finished basement also has a bonus room, wine cellar and full bath. The grounds of this impressive property feature mature landscaping with magnolia and cherry trees that create a serene and peaceful atmosphere. The park-like backyard is highlighted by an in-ground pool and spa, captivating waterfall, oversized patio/outdoor dining area, outdoor stove, gas stone fireplace, and several tranquil spots for mediation and relaxation. This is a one of kind offering that represents a unique blend of luxurious amenities, opulent living, and simple sophistication in one of Holmdel's most ultra desirable addresses!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1986
MLS Number
22412550
Location
Address
4 Colts Drive
City
Holmdel
State
NJ
Zip Code
07733
County
MONMOUTH (NORTH)
Listing
Provider
Weichert Realtors-Middletown, original listing
Name
Weichert Realtors-Middletown
Phone
(732) 899-9700
Office Name
Weichert Realtors-Morristown
Office Phone
(973) 539-8000
Agent Name
David Wood

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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.