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116 Ridge Avenue
Blackwood, NJ 08012
Ralph Harvey with ListWithFreedom.com, original listing - (855) 456-4945
$310,000
Conventional
Property
Bedroom
4
Bathroom
Full: 1
Property Type
Conventional
Square ft
1103 Square Feet
Property Description
Ready to move in! Newly completely renovated lovely split-level home is available for sale in the great location of Blackwood NJ neighborhood. Recently updated with a new roof, HVAC system, doors, fresh paint, upgraded kitchen, ceiling fans, and modern flooring throughout. This home is move-in ready. Step inside to a spacious living room featuring a large bay window, high ceilings, beautiful hardwood floors throughout the house, and open concept leading to the kitchen. The completely upgraded kitchen offers brand new stainless steel appliances including gas burner oven, dishwasher, microwave, and garbage disposal, modern cabinetry, new granite countertops, spacious center island, ceramic subway tile back splash, and beautiful porcelain flooring. The upper level features three spacious nicely-sized bedrooms, all with ample closet space and ceiling fans with remote control. The full bathroom is complete with a new vanity. The lower level presents a cozy family room with plenty of natural light and a walkout door. You'll also find a fourth bedroom, and a convenient large laundry room featuring cabinetry, laundry sink and washer and dryer hookups. The expansive yard is fully fenced and has a concrete patio with basketball post ideal for pets, outdoor activities, or hosting friends and family. Additional features include an attached one-car garage with remote control door opener. All municipal required inspections and certifications have been successfully completed. Conveniently located near the Route 42nd with quick access to Philadelphia PA and the NJ Shore, this home offers both comfort and convenience. Don’t miss your chance to own this charming home in a fantastic location!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1965
MLS Number
--
Location
Address
116 RIDGE AVENUE
City
BLACKWOOD
State
NJ
Zip Code
08012
County
CAMDEN (CENTRAL)
Listing
Name
Phone
(855) 456-4945
Office Name
Office Phone
(855) 456-4945
Agent Name
Ralph Harvey
Agency Phone
(855) 456-4945

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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.