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45 Buckingham Drive
Pennington, NJ 08534
DEBORAH KERR with KELLER WILLIAMS ELITE REALTORS, original listing - (732) 549-1998
$639,900
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
2690 Square Feet
Property Description
Welcome to this lovely Wellington Manor community. An adult community featuring a wealth of amenities. Clubhouse, pool, tennis courts, even shuffleboard and bocce. This residence is located on the tip of a quiet cul-de-sac, too. Enter the home on a cobbled walkway to an elegant open floor plan. The first floor has a living room and a formal banquet-sized dining room with dramatic vaulted ceilings in the open family room with a gas fireplace. Opens to the eat-in-kitchen area with all modern stainless appliances and a full-size pantry. This kitchen features a breakfast nook and countertop island areas with bar stools. The primary suite is also conveniently located on the first floor. It includes a spacious closet with an ensuite bathroom featuring a soaking tub and a separate shower area for a spa-like retreat. A powder room for guests rounds out the first floor. On the second floor, you will find two generous-sized bedrooms. The second floor is warmly carpeted, all styled neutrally, and has plenty of natural lighting. Additional full bathroom on this level and a spacious storage and attic access area. This area is perfect for overnight guests or home office space. There is an attached two-car garage with an electric garage door opener. Hurry and visit this wonderful community conveniently located off major highways. This home won't last on the market long. Make your appointment today!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2004
MLS Number
--
Location
Address
45 Buckingham Drive
City
Pennington
State
NJ
Zip Code
08534
County
MERCER-TRENTON (NORTH)
Listing
Provider
KELLER WILLIAMS ELITE REALTORS, original listing
Name
Phone
(732) 549-1998
Office Name
Office Phone
(732) 549-1998
Agent Name
DEBORAH KERR
Agency Phone
(732) 549-1998

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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.