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16 Green Acre Way
Glassboro, NJ 08028
$520,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2830
Property Description
MARK YOUR CALENDARS: Showings begin April 3rd - Open House April 6th 12-3pmWASHINGTON TOWNSHIP-Spring Lake Farms is a favorite with many buyers! There are no through streets in this small development, just 4 roads and 3 are cul-de-sacs (dead ends). Tour this impeccable home and you will see that it has been meticulously maintained and updated by the original owners. Enter the custom front entry door through the spacious center hall with natural oak hardwood floors.. giving access to the spacious living and dining rooms. The walls are painted with fresh neutral pallet of colors and Bruce Premium Vinyl flooring runs throughout the kitchen and oversized family room. The kitchen has a smart layout with easy access to the dining room yet open to the family room. It has been updated with spectacular custom granite countertops and stainless steel appliances and boasts cheerful white cabinetry and backsplash. The highlight of this room is the custom granite kitchen island -table! There is room galore for cooking, baking, crafts, homework and more with plenty of seating and storage, too. The kitchen opens up to the family-great room. A natural wood burning fireplace ,wooden beams and custom bay window add to the beauty and charm of this room The cheerfully updated powder room with plantation shades is conveniently off the kitchen hallway. The HUGE laundry/mud room with the oversized (2nd) custom storage pantry with access to the side exterior door and the garage interior door. CHECK OUT THE 16 x 16 BONUS ROOM!! Go through the French doors in the kitchen and you will see the custom built 4 season room! Enjoy the warm breezes and sunshine as you are surrounded in windows and skylights that are set in the cathedral ceiling. This room is fully heated to enjoy all year round! Move the party outside to the large concrete stamped patio complete with a cabana roof, ceiling fan and electric then stroll out to enjoy the fire pit. The large yard is fully fenced and does NOT back up to another home The view is trees ....so peaceful. Back inside and upstairs to the 2nd floor where you will find oversized bedrooms. The primary bedroom has a walk in closet, a double closet and a bonus area for relaxation or work! The primary bath has been renovated with new vanity flooring and commode with a large linen closet. The additional three oversized bedrooms have large double closets and the hall bath has been updated, too! Checkout the finished basement. It is separated into one great room with a cedar closet and two additional rooms for crafts, storage, tools, the possibilities are endless. Energy Star HVAC and newer tilt in windows. Spring Lake Farms is very close to shopping, Washington Twp. Schools, Washington Lake Park, Atkinson Park, Cedar Dog Park, Playgrounds, bike paths and amphitheaters, Jefferson and Inspira Hospitals and Rowan University. Easy access to routes 47, 322, 295, 42 and the AC Expressway & NJ Turnpike to the shore points and Philly.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1987
MLS Number
NJGL2040002
Location
Address
16 GREEN ACRE WAY
City
GLASSBORO
State
NJ
Zip Code
08028
County
GLOUCESTER (SOUTH)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Washington-Gloucester Home M
Office Phone
Agent Name
Susan Bosnjak

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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.