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111 Mckee Road
Gibbsboro, NJ 08026
Jason Freni with Keller Williams Realty - Cherry Hill, original listing - (856) 265-3074
$625,000
Conventional
Property
Bedroom
7
Bathroom
Full: 6
Property Type
Conventional
Square ft
4410 Square Feet
Property Description
Check out all the opportunity this property offers. This large property has 7 bedrooms possibly 8 and 6 full bathrooms. It sits on a quiet dead end street and has plenty of off street parking. Excellent home for all of your entertaining. Outside there are multiple decks and plenty of yard space and multiple storage sheds. When you enter the main part of the property you will be greeted by a large family room with cathedral ceilings, a huge wall of windows which brings in plenty of natural light. There is also a fireplace and heated floors! The heated floors continue into the dining room and bathroom on the main floor. There is a huge kitchen with brand new countertops. There is an ample amount of cabinet space. There is a peninsula in the kitchen which has an additional seating area. There is also plenty of room in the kitchen to have a table and there is a large pantry. There is a bedroom on the first floor that could make a great office space if needed. Upstairs you will find three bedrooms. The main bedroom has a huge walk-in closet, a sitting area and a beautiful custom bathroom. The bathroom has a separate tub and an upgraded tile shower. The other two bedrooms are a great size and have plenty of closet space. There is a large finished basement that has a living room, kitchenette, bedroom and a full bath, there is also a nice size storage area and laundry room. The basement could make an awesome teen or au pair suite. Off of the main house there is a huge in-law suite with three bedrooms and two baths. The in-law suite also has a full kitchen, living room, dining area, and it's own laundry room. The property has multi zone heat and air conditioning. The in-law suite has just gone through a bunch of updates and upgrades. If you are looking for a truly one of a kind properties, this is it. The property currently does not have electric or gas hooked up to the property. The property is sold as-is, the buyer is responsible for all and any inspections, certifications and any required repairs.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1966
MLS Number
--
Location
Address
111 MCKEE ROAD
City
GIBBSBORO
State
NJ
Zip Code
08026
County
CAMDEN (CENTRAL)
Listing
Name
Phone
(856) 265-3074
Office Name
Office Phone
(856) 265-3074
Agent Name
Jason Freni
Agency Phone
(856) 265-3074

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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.