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121 Washington Road
Princeton, NJ 08540
IRENE SOLOMON with C-21 BARROOD REALTORS, original listing - (732) 297-7900
$759,950
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
2244 Square Feet
Property Description
Large, beautifully updated, bright 3-4 bedroom, 3 bath house with very spacious basement, shielded from the road by trees. If you're looking for elegance, comfort, functionality, and peace & quiet inside your very own home, this house is for you! Some pictures currently shown are older photos; updated professional photos will be displayed shortly. Located in a Top Rated Blue Ribbon School System and close to the Princeton Junction train station this fine property boasts an impressive yard for your entainment delight that extends well into the trees in the rear and has a custom built gazebo. Stepping inside you will find a well designed home with a nice blend of ceramic, hardwood, and laminate flooring. The large eat-in-kitchen is a delight with gleaming white kitchen cabinets, modern backsplash and counters, center island that accommodates bar stools, a 5-burner stove, high hat lighting, an accommodating s/s refrigerator, room for a kitchen table, a double sink, and more. Beyond the kitchen is a fabulous family room which can be used as a guest room retreat with a nonfunctioning Fpl (not hooked up to gas line outside house; call for details), a full bathroom, a snack area complete with sink and counter space, and a door to shield one from the home's other activities. Also on the main level are a separate dining room which has in the past been used as a bedroom with a portable closet, a lovely living room with a closed down Fpl (call for details), and an entry foyer closet . And, let's not forget the main first floor master suite with a modern full bathroom and a large room size closet with built-ins. The second floor is equally impressive. It features two generous bedrooms with more than ample closet space, one with a walkin closet, and of course another beautifully updated full bathroom. Recent amenities include a new roof last year, time & cost saving gutter guards, substantially neutral paint throughout, water heater overhauling about three years ago, c/fans, additional mini splits which can be used to heat some individual rooms without using the furnace, and many clever touches. The time to make this home yours is NOW for he who snoozes loses! (Please note: the actual age of this house is unknown and the room meaurements as provided herein are not to be relied upon; info provided is based upon data offerd by past owners.)
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
121 Washington Road
City
Princeton
State
NJ
Zip Code
08540
County
MERCER-TRENTON (NORTH)
Listing
Name
Phone
(732) 599-3499
Office Name
Office Phone
(732) 297-7900
Agent Name
IRENE SOLOMON
Agency Phone
(732) 297-7900

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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.