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307 Belmont Court
Mullica Hill, NJ 08062
$1,150,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
5086
Property Description
Step into Luxury living at the Manors at Saratoga in this stunning 5 bedroom 4 and a half bathroom estate nestled on a sprawling 1-acre homesite situated on a quiet cul-de-sac in Mullica Hill, N.J. Boasting unparalleled craftsmanship and attention to detail, this residence offers an exquisite blend of sophistication and comfort. The grand foyer sets the tone for the impeccable interior design found throughout the home. The spacious living areas are adorned with elegant finishes, including upgraded beautiful hardwood flooring that flows throughout the home continuously. The space is drenched in natural sunlight through out all of the living spaces. Entertain guests in style in the gourmet kitchen, features custom cabinetry adorned with crown molding, a dry bar with a beverage refrigerator. The large center island is perfect for gatherings that any culinary enthusiast would desire. The adjacent eat in area as well as the sunroom offers a stunning view of the picturesque backyard oasis, complete with a custom top of the line in-ground Gunite pool. The private study is perfectly situated at the front of the house and there is another separate living space that shares the ambience of the see through fireplace which is currently used for a playroom. Retreat to the luxurious primary suite with a spa like vibe with a sitting relaxing sitting area with fire place. The en-suite features double sinks as well as a soaking tub and spacious ceramic tiled shower. Additional highlights of the upstairs level include 3 other generously sized bedroom's each with it's own bathroom and two share a Jack and Jill bathroom. A bonus fifth bedroom is situated on the main level private full bath; ideal for guests or an au pair suite. Step outside to the expansive Trex Deck perfect for dining al fresco or relaxing in the sunshine.The LAVISH pool is a custom size 22x40 with an automatic safety cover, oversized sun shelf, in pool spa, a waterfall rock ledge perfect a daring jump, a fun water slide and water fountain features that entertain from the pool decking into the pool. The pool decking is a beautiful special travertine stone that will keep cool on the hottest of days. The charming fire pit and butterfly garden will add to your tranquil experience. Onto the full sized basketball court and continuous fun out back.. it is all waiting for you to entertain and enjoy! This exceptional property offers the perfect blend of privacy and convenience just moments from Mullica Hill Town center with antiques, shopping and dining. Just minutes to Route 55, 295 and quick access to the N,J. turnpike for easy access to the cities and shore points. Serviced by Clearview Regional School district. Do not miss the chance to experience luxurious grand living in Mullica Hill!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2005
MLS Number
NJGL2039342
Location
Address
307 BELMONT COURT
City
MULLICA HILL
State
NJ
Zip Code
08062
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 Mullica Hill
Office Phone
(856) 343-6000
Agent Name
Patricia Settar

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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.