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119 Commonwealth Court
Princeton, NJ 08540
Anna Shulkina with RE/MAX of Princeton, original listing - (609) 921-9202
$379,000
Conventional
Property
Bedroom
2
Bathroom
Full: 1
Property Type
Conventional
Square ft
1008 Square Feet
Property Description
ATTENTION FIRST-TIME HOMEBUYERS AND INVESTORS! Welcome to this stunning third-floor Arbor model penthouse located in the highly desirable Canal Pointe community in Princeton. This beautifully upgraded home offers 2BD, 1BA and spacious living space. Upon entering, you’ll find an upgraded kitchen featuring stainless steel appliances, including a brand new dishwasher (2024), a stainless steel gas range/oven (2018), and a stainless steel refrigerator (2017). The kitchen also boasts an oversized granite breakfast bar and ceramic tile flooring, making it both functional and stylish. The adjoining living room features a cozy wood-burning fireplace, vaulted ceilings, and a ceiling fan, creating a comfortable and airy atmosphere. Newer paint throughout the home adds a touch of elegance and warmth. The main bedroom is a peaceful retreat, complete with a walk-in closet for ample storage. The second bedroom offers plenty of space for a guest room, kids' room, or home office. The home also comes with a stacked washer/dryer for added convenience. Key upgrades include the replacement of all windows and the patio sliding glass door in 2018, as well as a new water heater (2019). Recessed light fixtures in every room (2016) and newer paint throughout (2016) further enhance the appeal of this home. Additional highlights of the community include a secure buzz entry, access to an association pool and tennis courts, and an outdoor patio with great sunlight in the summer along with a small storage shed. The location offers the convenience of being within walking distance to Marketfair Mall, restaurants, a movie theater, and a nearby daycare. It's located 5 minutes from Princeton University and the Princeton Junction Train station. It is zoned for the stellar West Windsor-Plainsboro school district. Don't miss the opportunity to make this top-floor condo your own!
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
1988
MLS Number
--
Location
Address
119 COMMONWEALTH COURT
City
PRINCETON
State
NJ
Zip Code
08540
County
MERCER-TRENTON (NORTH)
Listing
Name
Phone
(609) 921-9202
Office Name
Office Phone
(609) 921-9202
Agent Name
Anna Shulkina
Agency Phone
(609) 921-9202

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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.