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1216 Forest Drive
Millville, NJ 08332
Loretta DeTetta-Aureli with BHHS Fox & Roach Vineland, original listing - (856) 691-0091
$899,000
Conventional
Property
Bedroom
6
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
6500 Square Feet
Property Description
HERE IS THE ONE YOU'VE BEEN WAITING FOR! This GRAND and UNIQUE, CUSTOM-BUILT DREAM HOME is nestled on your own private, partially wooded cul de sac with over 6,500 square feet of living space and 2+ acres of outdoor enjoyment! This stunning 6 bedroom, 4 and 1/2 bath home offers many facets of functionality and design. From the exquisite circular staircase of the open foyer to the multitude of functional living spaces, with 5 fireplaces throughout, and a floor plan with numerous options to create the living style that works for you! When you enter the grand foyer, you will be greeted with the impressive curved staircase that adds that touch of glamour to this amazing home. Head around the staircase and be delighted with the character and functional options of this spacious kitchen, featuring an extra large island with 6 burner electric stove and prep sink with filtered water and disposal. This eat-in kitchen also boasts a subzero fridge, double oven, food warmer, double sink with another disposal, a built-in multifunctional appliance station, and multiple pantry and cabinet spaces with pull-outs. Off the kitchen, you will find a formal dining room with coffer ceiling for that look of luxury, wainscot, and a custom wood floor. Make your way down to the west side of the home to find a spacious, step-down family room featuring a full brick wall with fireplace, coffer ceiling, and a convenient and stylish wet bar for entertaining or for your own personal enjoyment. Steps away, you will find a formal living room with a classy white polished stone wall fireplace with marble hearth and mantle, coffer ceiling, and french doors leading to the front yard. Adjacent to the living room is the huge library/entertainment room featuring another fireplace, 2 separate office/flex rooms, and sliding doors to the back deck. Head over to the east side of this home to find a very spacious bedroom/mother-in-law suite with a full bath right down the hall, another bedroom and a laundry room to complete the main level. Upstairs you will be absolutely amazed at this primary suite on the west side with an entire living room area with fireplace, sliding doors to the upper deck, 2 large walk-in closets/dressing rooms, and a primary bath with extra large jacuzzi tub, skylight, and a bonus bidet. Over on the east side, you will find another bedroom with its own full bath and laundry chute, 2 more spacious bedrooms, and a full hall bath with double sinks. Looking for more space? This house keeps going and going with a huge full finished attic with LVT floors and a multitude of possible uses. Head downstairs to the extra high full basement with one partially finished room, another storage room with shelving, a 5th fireplace, and plenty of space to finish to your liking. Basement has a door to access the 2 car garage which contains 3 Roth above ground oil tanks and extra storage space. The back yard features a concrete deck with brick walls that line the entire back of the home and overlooks the serene in-ground swimming pool designed with built-in seating and surrounded by elegant wrought iron fencing. Other special features of this home include 3-zone AC, 5-zone heating, central vacuum, working intercom system w/ speakers, alarm system, 4-zone sprinkler system, recessed lighting throughout, new low-voltage flood lights, and fountain pond. Entire interior freshly painted and newer carpeting upstairs. This home is very well maintained and the owners are offering a 1 YEAR HOME WARRANTY! Close to Route 55, shopping, restaurants, and ***less than 10 minutes from Trout National Golf Course designed by Tiger Woods!MORE PICTURES TO COME!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Other-Single Family Residence
Year Built
1960
MLS Number
--
Location
Address
1216 FOREST DRIVE
City
MILLVILLE
State
NJ
Zip Code
08332
County
CUMBERLAND
Listing
Name
Phone
(856) 364-3096
Office Name
Office Phone
(856) 691-0091
Agent Name
Loretta DeTetta-Aureli
Agency Phone
(856) 691-0091

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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.