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17 Brookwood Drive
Medford, NJ 08055
Val Nunnenkamp with Keller Williams Realty - Marlton, original listing - (856) 441-6800
$1,295,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5
Property Type
Conventional
Square ft
5800 Square Feet
Property Description
Impressive curb appeal on this custom-built home in Club Estates, just behind The Preserve at Little Mill. From the street, you will see the grand brick front, the 3 car side entry garage, and the long paver driveway and walkway leading to the front portico covering the double door front entrance. All of these features blend together to create an often admired "Estate" style home. As you step inside, you will love the impressive grand staircase with a bridge overlooking the formal living room, dining room, and two story family room. The family room has a stone fireplace and wet bar, perfect for casual living or entertaining guests. On the left side of the home is an office with custom bookshelves and large windows overlooking the backyard. In addition, you will find a full bath and a flexible use room, perfect for an in-law/overnight guest or an additional playroom, studio, etc. On the right side of the home, you enter into the bright kitchen with its large center island, upgraded appliances, double ovens, and large walk-in pantry. Over the sink is a long window flooding the kitchen with natural light as it overlooks the back patio and pool. Stepping down from the kitchen is the large breakfast room with a rear staircase to the upper level and access to the back yard. Up the grand staircase and to the left is the stunning "Ritz Carlton" owners suite with a sitting area. The luxurious bathroom creates a moment of true relaxation, boasting a custom tiled shower with multi spray fixture and soaking tub, his and hers vanity, as well as a large walk-in closet with laundry. The 3 other sizable bedrooms on the upper level are all either Jack and Jill or private baths. The large finished basement has ample space for entertaining and play featuring a wet bar, sauna, and another full bath. You will love enjoying the warmer days on the back patio relaxing with the sounds of the waterfall from the Koi pond or lying by the heated pool...your choice! Behind the pool, there is still plenty of fenced in yard with space for a swingset or other activities. Set up your showing to start picturing yourself in your new home!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1996
MLS Number
--
Location
Address
17 BROOKWOOD DRIVE
City
MEDFORD
State
NJ
Zip Code
08055
County
BURLINGTON (SOUTHEAST)
Listing
Name
Phone
(856) 355-5700
Office Name
Office Phone
(856) 441-6800
Agent Name
Val Nunnenkamp
Agency Phone
(856) 441-6800

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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.