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160 Ramblewood Terrace
Mount Laurel, NJ 08054
Molly Wingert with RE/MAX ONE Realty, original listing - (856) 722-8090
$465,000
Conventional
Property
Bedroom
3
Bathroom
Full: 1, ½: 1
Property Type
Conventional
Square ft
1941 Square Feet
Property Description
Prime Location! Welcome to 160 Ramblewood Terrace. This beautiful three-bedroom, one-and-a-half-bath split-level home is perfectly situated on a desirable corner lot on a cul-de-sac. With its charming curb appeal and spacious interior, this home is ready to welcome you. As you enter, you’ll be greeted by a bright and airy living room featuring a large picture window that lets in abundant natural light, highlighting the warm, inviting atmosphere. The focal point of the room is the classic brick fireplace while the rich hardwood flooring adds elegance and warmth to the space. The formal dining room, also with hardwood flooring, provides a perfect setting for entertaining . The owner chose to flip the dining room and living room to better suit their lifestyle. The well-appointed kitchen is a true highlight, equipped with a stainless steel appliance package making it perfect for an avid cook. The bathroom has been thoughtfully updated with modern fixtures, creating a fresh, contemporary feel. You’ll love the sleek design and attention to detail that enhances the space. Each of the three bedrooms is generously sized, offering plenty of room for relaxation. The spacious bedrooms provide ample closet space. The lower-level living room is an excellent addition, offering even more room to unwind or entertain. This additional living space can serve as a living room or home office making it a versatile area that suits your needs. The full basement also provides an abundance of storage space,. For added convenience, the attached one-car garage provides year-round comfort, whether you're shielding your vehicle from the elements or using it for extra storage. The private backyard is an ideal space for outdoor enjoyment. This home offers the perfect blend of comfort and style. It's ready for you to move in and make it your own. Don't miss out on this exceptional opportunity to own a home in this sought-after neighborhood!
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
1960
MLS Number
--
Location
Address
160 RAMBLEWOOD TERRACE
City
MOUNT LAUREL
State
NJ
Zip Code
08054
County
BURLINGTON (WEST)
Listing
Name
Phone
(856) 722-8090
Office Name
Office Phone
(856) 722-8090
Agent Name
Molly Wingert
Agency Phone
(856) 722-8090

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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.