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3136 Silverwood Lane
Vineland, NJ 08361
Loretta DeTetta-Aureli with BHHS Fox & Roach-Vineland, original listing - (856) 691-0091
$875,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
4056 Square Feet
Property Description
WELCOME TO THIS STUNNING, CUSTOM-BUILT 4,056 sq. ft. masterpiece, located in one of the most desirable areas of East Vineland. Notice the exceptional curb appeal with lovely landscaping, circular driveway, and curved paved steps to the inviting custom double door entryway. This home is highlighted by its full brick exterior, detailed craftsmanship, and unique design. With this thoughtful floor plan, style meets function with custom tile, solid hardwood floors, recessed lighting, and Anderson casement windows with half moons to enjoy that natural light throughout the home. The details and flow offer a perfect blend of elegance and comfort. The heart of this home is the luxury kitchen, equipped with top-of-the-line appliances, premium SieMatic cabinetry, granite countertops, and large functional island for prepping and serving. With this open concept layout, you can enjoy seamless entertaining and effortless flow to the spacious family room with a wood burning fireplace for those special warm gatherings. The eating area with atrium-style windows boasts beautiful views of the backyard landscaping. Family room is adjacent to the formal living room for extra entertaining space. Follow around to the formal dining room and into the wet bar area with prep sink and built-in refrigerator/freezer. Off the dining room, you will be amazed at the soundproof, custom-designed office featuring built-in floor-to-ceiling shelving, built-in wraparound desk and windows with crafty and functional details, and gas fireplace with granite hearth. To complete this main level, you will find a laundry room with custom Heritage cabinets, full bath with walk-in shower, large storage closets with lighting, and a cozy powder room. As you head up to the 2nd floor, notice the large open foyer, extra wide custom staircase, and detailed woodwork on the stairs and landing. The primary bedroom has a walk-in closet with ample space for storage and an en suite bath with jacuzzi tub, walk-in shower with sauna, solid marble double sinks, and skylight. Off the primary bedroom is a sitting room/living area with french doors to a functional balcony and a large custom window overlooking the foyer. The upstairs is complete with 3 more bedrooms, one with its own en suite bath, and another full hall bath. Plenty of storage with extra large closets in every room and a custom built-in closet in the foyer area. Head down to the full, partially finished basement with extra wide staircase, large storage room with built-in wood shelving, and plenty of room for more living space. Step outside to your private backyard oasis on almost 3/4 of an acre, complete with a beautiful high-end designed paved patio that's perfect for entertaining or relaxing. The patio is surrounded by meticulously maintained landscaping, creating a peaceful retreat for outdoor dining or lounging and enjoying the natural beauty of your private surroundings. Every detail of this home reflects the highest quality. Extra features of this home include security system, 7-zone irrigation system, intercom system, central vacuum, solid interior doors with custom doorknobs, custom window treatments, low voltage outdoor lighting and lamp posts. Kitchen and foyer tile recently refinished. New Maytag dryer. Entire interior painted 2023. Two-car garage is fully insulated and finished. Entire home was recently power washed and new stucco 2022. Brand new hot water heater, HVAC only 3-4 years old with 2-zone AC, and newer roof. Some furniture negotiable.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1988
MLS Number
--
Location
Address
3136 SILVERWOOD LANE
City
VINELAND
State
NJ
Zip Code
08361
County
CUMBERLAND
Listing
Name
Phone
(856) 297-5608
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.