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125 Rabbit Run Road
Sewell, NJ 08080
$685,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3085
Property Description
WOW, WONDERFUL, BREATHTAKING, FULL OF VALUE briefly describes this former Sample home. This Chartwell Model has numerous upgrades throughout the home. The main entrance with custom double doors sets the tone for the rest of your showing. The 2 story foyer with spiral staircase, marble flooring and custom chandelier are a preview to what you will experience as you explore the amenities throughout the home. The Formal Living Room includes custom window treatments as does the Formal Dining Room with custom built-ins. As you venture into the kitchen, notice the natural lighting that beams through the windows. All appliances are included. The Gathering Room is located off the kitchen area and is accented by a custom Mendota fireplace with access to the custom deck. The convenience of the powder room is located on the first floor. Seeing is believing and what a special treat for any pet owners is the Pet Spa in the oversized laundry room which includes the washer and dryer and laundry sink. Let's escape to the 2nd story where you will discover the Primary Bedroom flanked by a sitting room with custom built-ins and bathroom that features a Jacuzzi tub, separate walk-in shower and 2 separate sinks and vanities. Bedrooms 2 and 3 are spacious with plenty of closet space. The 4th Bedroom is currently being used as an In-Home Office with custom built -ins. As we travel to the lower area of the home, you will be enthralled with the Media/Game Room, custom Bar with Butler sink and refrigerator and glass shelves. The bar stools are included in addition to the custom pool table and accessories. Interior features also include but not limited to replacement windows, security system, 2 and 1/2 car garage with remotes, crown moulding in the Foyer, Living Room, Dining Room, Primary Bedroom and Office. Expand your search by experiencing the beauty of nature and outdoor living on the custom deck. 4 Chairs, 2 Lawn Chairs and firepit are included, Maintenance free outdoor railings, pillars, fencing and capping allow you to relax and enjoy and entertain without worry. Sellers are providing the Buyers with a Basic One Year Home Warranty. A Sellers Disclosure Statement will be entered into the MLS for review. Detailed fact sheets will be available in the home which will include information not listed above. NOTE: The Home is equipped with operable security cameras throughout, however, the security cameras are an excluded item at the transfer of sale. We hope you enjoyed your journey throughout the home. A Video Tour is available by clicking on the camera icon for this home in the MLS. The Video needs time to download. Wait a few minutes and the Video will appear.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1992
MLS Number
NJGL2039728
Location
Address
125 RABBIT RUN ROAD
City
SEWELL
State
NJ
Zip Code
08080
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 Cherry Hill Home Marketing C
Office Phone
(856) 428-8000
Agent Name
Charleen Orzechowski

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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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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.