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60 Harrowgate Drive
Cherry Hill, NJ 08003
$725,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2644
Property Description
Multiple offers, sellers asking for final and best by 3pm Tuesday, 5/07/24. One of Fox Hollow's finest, updated throughout, featuring a meticulous corner lot in the heart of Fox Hollow. This home has been loved and updated over the years, featuring a professionally landscaped lot with a curved paver driveway, gracious bluestone and paver walkways that guides one to the front door and through the landscaped yard and private shade gardens. Enter into this lovely classic home through the foyer overlooking the large living room featuring stained hardwood flooring that shine throughout the first floor. The living room features custom Ramsey built cabinetry and an elegant gas log burning fireplace, custom wood moldings abound, and top of the line Andersen replacement windows throughout the home. The formal dining room is expanded making it an incredible space to entertain over the holidays. The kitchen was recently updated (2019) and features a chefs appliance package, granite countertops, authentic rustic farmhouse beams, a sink workspace overlooking the large family room featuring a full brick wall with a woodburning fireplace. Beautiful views of the backyard from the kitchen and family room bringing a seamless lifestyle between indoor and outdoor living. Step outside onto the bluestone terrace in the rear of the house, it is a perfect oasis and gives one a feeling of total relaxation. Note the multi level terrace patio, the private fenced in backyard with every specimen to thrill the most avid shade gardener. Come back into the foyer and go down the hallway to a large library/optional 5th bedroom, featuring a wall of built in bookcases, a perfect place to hideaway. A bathroom is conveniently located across the hallway, as well as the laundry room , and access to the 2 car garage. A finished lower level game room with a large bar, built in wine racks, an area for playing pool, recessed lighting , and a large storage room is an added plus! Upstairs are 4 spacious bedrooms, note how the sun fills this part of the home featuring a long hallway, 2 staircases, a convenient walk- in storage attic, an updated main bathroom with tub. At the end of the hallway is the large primary suite featuring a walk in closet, sitting room, and another updated bath with shower. Freshly painted 2nd floor with neutral paint (2024) and observe there are hardwood floors under the carpeting. This well loved and maintained home features many updates: furnace was replaced (1997), the air conditioning (2004), high quality Andersen replacement windows (2016), new 3 dimensional roof and attic insulation (2017), updated kitchen (2019). The community is located close to schools, hospitals, and houses of worship, the Fox Hollow community pool featuring many social opportunities for adults as well as children. Convenient to major highways, easy commute into Philadelphia or to NYC. Please enjoy the 3-D floorplan tour! Don't miss the gardens!
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1968
MLS Number
NJCD2067030
Location
Address
60 HARROWGATE DRIVE
City
CHERRY HILL
State
NJ
Zip Code
08003
County
CAMDEN (NORTHEAST)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Haddonfield
Office Phone
(856) 428-2600
Agent Name
Karen Osuch

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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.