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514 Sunset Avenue
Maple Shade, NJ 08052
$399,900
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Another fabulous renovation by VY Homes ..... Totally renovated bungalow located on one of the most prominent streets in town. This 3 Bedroom 3 Bath home (The home originally only had 1 bathroom) was architectually redesigned to maximize the flow of the main level (Plans are displayed in kitchen). Arriving at the curb you will notice brand new vinyl siding< all new windows, soffitts and gutters along with a new paved driveway. As you enter the house your eyes will capture the huge living room/great room boasting lovely PERGO floors and 9 foot ceilings adorned by new recessed lighting. This space has immense possibilities. The front bedroom has its own enclosed new bathroom featuring a beautiful tiled shower stall with lovely glass doors and ceramic floors. There is a 2nd bedroom adjacent to the 2nd full bathroom also featuring tiled walls and floors. The kitchen spans the entire length of the rear of the home (a previous bedroom was opened up to enlarge the kitchen). . You will admire the signature pearl cabinets and quartz countertops along with stainless steel appliances featuring a five burner stove. There is an island counter where you can place a couple stools; the spacious right side can fit a decent size kitchen table. Ascending the enclosed staircase you will discover a 3rd full new bathroom also with tiled walls and ceramic floors..There are 2 nice size floored closets within the bathroom area. The 3rd bedroom spans the entire length of the upper level also featuring PERGO floors and recessed lighting. The basement is huge and clean as a whistle. There is a drain system by the rear exit; this area leads you to the backyard where you will discover a brand new concrete patio.. The backyard will be roto tilled and seeded; a lot of overgrown shrubs/grass had been removed. This home features all new electrical, including hardwired smoke/carbon combo detectors.new plumbing, new HVAC system and all new sheet rocked walls. You will truly be delighted with all the new features in this home! Almost like new construction!! Don't delay; make your appointment today.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1916
MLS Number
NJBL2061430
Location
Address
514 SUNSET AVENUE
City
MAPLE SHADE
State
NJ
Zip Code
08052
County
BURLINGTON (WEST)
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Cherry Hill/Haddonfield
Office Phone
(888) 536-0216
Agent Name
Joanne Mortimer

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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.