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511 E Rugby Place
Woodbury, NJ 08096
$989,900
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
6183
Property Description
Welcome to this exquisite home built with uncompromising quality. This stunning residence boasts 5 bedrooms and 3.5 bathrooms, custom architectural details, upgrades, and attention to detail throughout!As you step inside, you'll be captivated by the elegance of the wide plank hardwood flooring that flows throughout most of the first floor. The formal dining room welcomes you with a tray ceiling and warm tones, creating a lovely ambiance for intimate gatherings.The spacious gourmet kitchen features custom 42 cabinets with decorative trim, granite countertops, and a large center island with pendant lighting, seating, and storage. The kitchen also includes a tile backsplash, under cabinet lighting, a double wall oven, an electric cooktop, Wolf and Subzero appliances, a walk-in pantry, and ample table space. Adjacent to the kitchen, a morning room with high vaulted ceilings and sliding glass doors leading to the patio, offering a serene view of the lush, mature landscaped yard.The family room, open to the kitchen, is the heart of the home. Here, you'll find a custom built-in entertainment center, French doors that open to the patio, and a beautiful fireplace with a mantle, creating a cozy and inviting atmosphere. A pocket door separates the office from the living areas and provides easy access to the owner's suite. The owner's suite is a private retreat, featuring two walk-in closets, a fireplace with a mantle, and a stunning en-suite bath. The bath is adorned with custom vanities, a soaking tub, a stall shower with seamless glass doors, decorative tile, and a water closet complete with a bidet. An impressive library on the first floor showcases rich tones, a coffered ceiling, a fireplace with a marble surround and mantle, custom built-ins., and a platform ladder. The first floor is complete with a convenient laundry room, offering plenty of cabinet and counter space, as well as a sink for added convenience. Additionally, there is a half bath. The second level of this home boasts three spacious bedrooms, one of which features its own private bath, while the other two utilize the hall bath. The attic has been finished to provide even more living space, allowing for endless possibilities and flexibility.Outside, the home is equally impressive. The exterior features a paver driveway with two entrances, a side entry two-car garage with an exterior access door, extensive hardscaping, and exterior lighting. The mature lush landscaping, along with the tree-lined privacy and patio, provide a peaceful retreat.This home is filled with architectural adornments and attention to detail. It offers multiple-zoned HVAC, a central vacuum system, a security system, recessed lighting, and other impressive upgrades throughout.Welcome to your dream home, where luxury and quality combine to create an exceptional living experience! Woodbury is ideally located near shopping, restaurants, and major commuting routes... only minutes from Philadelphia and Delaware!!
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
2005
MLS Number
NJGL2040718
Location
Address
511 E RUGBY PLACE
City
WOODBURY
State
NJ
Zip Code
08096
County
GLOUCESTER (NORTH)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Mullica Hill
Office Phone
(856) 343-6000
Agent Name
Joanna Papadaniil

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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.