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125 Fenimore Drive
Williamstown, NJ 08094
$299,999
Conventional
Property
Bedroom
3
Bathroom
1
Property Type
Conventional
Square ft
1008
Property Description
OWN THIS WATERFRONT LOCATION AND LIVE A PEACEFUL WATERFRONT LIFESTYLE! Live the life you’ve always dreamed of living in this AFFORDABLE WATERFRONT 3 bed/1 bath RANCH HOME! Life here will provide you with beautiful views, year round activities, and the peaceful tranquility of living on Cushman Lake on the Folsom side of Collings Lakes, NJ. Boasting a DOUBLE-SIZED LAKEFRONT LOT, DETACHED GARAGE, SUNROOM, FULL BASEMENT, NEW AC UNIT, and so MUCH more! This adorable red brick front home is hidden from the street by the mature trees giving you PRIVACY. There’s plenty of parking in the driveway, with enough space for four cars. Keep your favorite vehicle and other items out of the elements in the detached garage. The living room is spacious with a wood burning fireplace and brick mantle and has a huge bay window looking out over the private front yard. The dining room has a view of the lake and is adjacent to the kitchen. The kitchen is off the dining room and has plenty of space for you to make your favorite meals. You have a view of the lake from the kitchen sink! How wonderful! There’s a side door leading from the kitchen, out to the garage and patio gate. You’ll love the sunroom which is surrounded by windows and has a full GORGEOUS view of the lake. This will be your favorite place to hang out while you’re indoors! Two bedrooms and a hall bathroom finish up the first floor perfectly. The back bedroom is the larger of the two and has a view of the lake as well! Downstairs the partially finished basement offers an additional bedroom, laundry area and plenty more potential living space. (You could potentially add a second bathroom or powder room as the plumbing is easily accessible.) Outside, there’s a huge backyard that is completely lake front. Enjoy barbecues on the patio which have a direct view of the lake. There’s a Koi pond along the patio, which could be converted into a raised garden if you desire. Imagine the possibilities for the lifestyle you could live here! You could fish right off your property or launch your canoe, paddleboard, rowboat, kayak, etc. Life on the water has been scientifically found to be good for your health. It’s called a state of “Blue Mind” (look it up, really!) Being here can help your overall mental and physical health, plus you are close to nature. There are many species of birds, fish, turtles, frogs and other wildlife you can observe while relaxing in your big lakefront backyard. In the evening, the sounds of the lake frogs are a natural symphony for you to enjoy. There are two sheds for storage in the backyard. In addition there’s a fenced area specifically used as a dog pen, so that your beloved dog can play safely. Yes this home is cosmetically dated inside, however, it was always loved and cared for by its owners, and was kept maintained so everything is currently in working order. Home is being sold AS-IS. There is a NEW Central AC unit so you can have peace of mind knowing you’ll be cool all summer! This is a double lot and therefore there is the potential to add more living space if you desire (with zoning and permits, of course.) This is an awesome location! Situated in the Folsom School District for grades K-8 and Hammonton High School. It’s just a 30 minute commute either way to Philadelphia or Atlantic City. It’s close to Hammonton, which is famous for its blueberries, Blueberry Festival and Italian Festival and has lots of great dining options. This home is also an equal distance; 14 minutes to the Hammonton or the Williamstown Shoprite for your grocery needs. It’s also just 11 minutes to the Walmart Supercenter in Williamstown. and 15 minutes to the Hammonton Walmart. Please note that the water level of the lake is lower right now because the dam is currently being refurbished and once completed the lake will be refilled. There is a special assessment for this repair incorporated in the HOA fees which are yearly.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1968
MLS Number
NJAC2012678
Location
Address
125 FENIMORE DRIVE
City
WILLIAMSTOWN
State
NJ
Zip Code
08094
County
GLOUCESTER (SOUTH)
Listing
Provider
RE/MAX Preferred, original listing
Name
RE/MAX Preferred
Phone
(856) 810-8282
Office Name
RE/MAX Preferred - Sewell
Office Phone
(856) 589-4848
Agent Name
Annie Byers

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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.