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22 Maidenhead Road
Princeton, NJ 08540
Daria ''Dee Dee Bowman with BHHS Fox & Roach New Hope, original listing - (215) 862-3385
$975,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
2364 Square Feet
Property Description
Welcome to 22 Maidenhead Rd - a spacious, comfortable and light-filled townhouse in desirable Fieldwood Manors. The lovely open floor plan has gracious and flexible living spaces that easily accommodate a variety of uses. The foyer opens to a generous and bright room currently used as a combination living and dining room. Just beyond is an equally large and sunny eat in kitchen with breakfast area, island and an inviting sitting or dining area enhanced with a gas fireplace. Plenty of cabinets and drawers, a pantry, expansive counter areas and an efficient design makes the kitchen ideal for both everyday meal preparation and creating special occasions. A wall of windows with views to open space and woods brings the outdoors in. A door leads to the fenced paver patio with plenty of space for outdoor grilling and dining. There is also a pretty water feature with a little waterfall. A separate office, coat closet, powder room and access to the 2 car garage complete the main level. Upstairs are 3 bedrooms. The very large primary bedroom has big windows, built-in cupboards, and a large walk-in closet. Double doors lead to a tile bath with soaking tub, vanity with double sinks and useful storage, a separate shower and a toilet room. Two additional bedrooms, one with a walk-in closet, each have custom built-in storage. There is a tile hall bath with tub/shower and a separate laundry room with a work counter and linen closet. The lower level is fully finished with a large family room with a gas fireplace, a full bath and a separate room with many possible uses. The utility room provides generous storage space. This lovely home is served by the prestigious Princeton Regional School District. It is close to commuter routes, shopping and restaurants and is only a 10 minute drive to Palmer Square but is tucked away in a quiet corner of the Township.
Property Information
Lot Size
0 sqft square ft
Property Type
Other-Townhouse
Year Built
2000
MLS Number
--
Location
Address
22 MAIDENHEAD ROAD
City
PRINCETON
State
NJ
Zip Code
08540
County
MERCER-TRENTON (NORTH)
Listing
Name
Phone
(215) 915-4530
Office Name
Office Phone
(215) 862-3385
Agent Name
Daria ''Dee Dee Bowman
Agency Phone
(215) 862-3385

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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.