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208 S Princeton Avenue
Wenonah, NJ 08090
$475,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
1821
Property Description
This is the home you’ve been waiting for on one of the most desirable streets in Wenonah! Charm, quality & craftsmanship abound in this classic 4 bedroom gem. The front garden features low maintenance ornamental grass, a mature Japanese Maple, seating area with bench and bluestone platform, and a 2-zone automated drip irrigation system that keeps the many different blooming plantings going strong all summer long.  As you enter, light bathes the entrance foyer from all directions, where you will immediately notice the fine woodwork, hardwood floors, and elegant light fixtures that are featured throughout this home. To your right, the formal living room has a fireplace with faux finishes that acts as the focal point of the room, providing warmth, coziness and convenience with its remote controlled gas logs. To the left of the foyer, the family room is a unique inviting space, with its vaulted fine wood ceiling, soffit lighting, and large windows all around that let the outside light and beauty in. Sliding glass doors lead from the family room onto the huge back deck, perfect for outdoor dining and entertaining with its natural gas grill hookup.  The dining room is located centrally in the home, and has an elegant feel from its lighting and built in bookcases that flank the entrance to the spacious kitchen.  The kitchen includes an abundance of countertop space to make meal prep easy, as well as a unique breakfast nook with large windows, vaulted ceiling, and slate look porcelain tile flooring throughout that lends character and practicality. Just off the kitchen side entrance, you’ll find a renovated half bath. A dual staircase (from the kitchen and from the formal living room) leads to the second floor where the craftsmanship and character continues.  Here you will find 4 nice sized bedrooms, featuring built-in closets and ceiling fans, as well as a beautiful, renovated full marble tile bathroom with tub. Downstairs you’ll find a clean, well-lit, large basement, perfect for additional living or play space, as well as storage. The driveway along the side of the house leads to large, oversized shed for additional storage. In the backyard, you’ll enjoy many different types of birds, as well as a mature Okemia cherry tree putting on a show with its pale pink blossoms early each spring. Blueberry bushes, hostas, coral bells, & very colorful daylillies provide color throughout the summer. Wenonah is a unique, historic, and inviting community, complete with picturesque walking trails, swim club, lake, great local eateries, while still offering convenient and quick access to major stores, nearby roadways, as well as Center City Philadelphia and the shore. This unique home is ready for you to call it your own. Don’t miss it, schedule a showing today before it's too late!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1925
MLS Number
NJGL2041586
Location
Address
208 S PRINCETON AVENUE
City
WENONAH
State
NJ
Zip Code
08090
County
GLOUCESTER (NORTH)
Listing
Provider
Drexel Realty Group, original listing
Name
Drexel Realty Group
Phone
(856) 686-9811
Office Name
Drexel Realty Group
Office Phone
(856) 371-1788
Agent Name
Gus Magazzeni

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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.