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101 S Lincoln Avenue
Moorestown, NJ 08057
Carol Latti with BHHS Fox & Roach Medford, original listing - (609) 654-1888
$450,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1273 Square Feet
Property Description
Mark your calendar for October 10 when tours begin and be First as the Curtain Rises at the Grand Opening of this unique one of a kind property! Enchanting Location - The grounds of this property are a peaceful retreat and it may just be the most beautiful and tranquil setting in all of Moorestown. As you tour the grounds, you are embraced by a Rustic paradise secluded from the street by flowering shrubs, & magnificent perennials. This is a true gardener's delight! This home has been meticulously cared for by fastidious gardeners and you can reap the rewards of the current owners assiduous labor and enjoy watching something new blooming every week from the spring through the fall! Now for the exciting interior - Enter through the front door into the foyer and take a moment to view the gorgeous Red Oak hardwood floors that carry through most of the first floor level, the walls throughout are neutral and windows have been replaced throughout. The great room overlooks the front yard with natural light flooding into this lovely room through the large bay window adorned with custom blind. A formal dining room is adjacent to the great room with Thermo True Door with built in screens (so unique) leading to the deck and rear grounds. New Azak decking with attractive railings adorned with lights was recently erected and a pathway to the left leads to the detached garage. A shed sits on a concrete slab to the right and the shed has even been extended in the back to store lawn care items. Adjacent to the garage is a covered patio or porch which is such a great spot for outdoor entertaining. The kitchen is at the heart of the home and it has been updated with abundant cabinets, hardwood floors, granite countertops, designer backsplash and stainless steel appliances. A hallway leads to the bedroom wing - Bedroom 1 boasts 4 windows dressed in blinds, lighted ceiling fan, hardwood floors and lovely blue walls. The full bath in the hallway was renovated and features slate tile flooring, new vanity, slate surround to the tub, heat lamp - it is lovely! There is a linen closet in the hall. Bedroom 2 boasts 4 windows dressed in blinds, hardwood floors. Now descend to the basement where there is a family room or this space could also serve as a home office. Here there is also a large cedar closet. A pocket door leads to what can be a third bedroom - great space for a multi generational family and a second full bath! There is unfinished space for storage and this is home to the newer washer and dryer and laundry tub (included). Another area is set up as a workshop and here there is a door leading steps to the exterior walkway to the garage. There are Oh So Many Bonuses including: Sewer line replaced with PVC, 2017 Roof with transferrable warranty, Termite Warranty in place, all new solid wood interior doors, new entry door, Detached Garage with overhead opener and keypad entry, Pulldown attic - floored and insulated, Fenced yard, extensive solar lights, motion detector lights and the list goes on!Two time winner of the Pennsyvania Horticultural summer garden competition Award as well as awarded for Curb Appeal by the Moorestown Garden Club! Live with Color and Charm ' The Art of Living! This one is a true Show Stopper!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Other-Other
Year Built
1948
MLS Number
--
Location
Address
101 S LINCOLN AVENUE
City
MOORESTOWN
State
NJ
Zip Code
08057
County
BURLINGTON (WEST)
Listing
Name
Phone
(609) 410-4200
Office Name
Office Phone
(609) 654-1888
Agent Name
Carol Latti
Agency Phone
(609) 654-1888

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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.