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2422 Old Stone Mill Drive
East Windsor, NJ 08512
$279,000
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
1210
Property Description
Are you in search of a comfortable and convenient living space? Look no further than this lovely 2-bedroom, 2-bathroom condo. With its prime location and impressive amenities, this property is an excellent investment opportunity for first-time buyers, small families, or even retirees looking to downsize. Upon entering this condo, you will immediately be struck by its warm and inviting atmosphere. The current owner has lovingly maintained the property, ensuring it is move-in ready for its new occupants. The spacious living area is perfect for entertaining guests or simply relaxing after a long day. The large windows let in the natural light, creating a bright and airy ambiance throughout the unit. The two bedrooms in this condo are thoughtfully designed, providing ample space for both rest and storage. The master bedroom features an en-suite bathroom and a big closet. The second bedroom can serve as a cozy guest room, a home office, or even a versatile space for your hobbies and interests. One of the greatest advantages of this condo is the inclusive homeowners association (HOA) that covers a wide range of amenities and services. The HOA fee includes access to swimming pools, trash removal, maintenance of common areas, a clubhouse, and even a playground for the little ones. By taking care of these everyday tasks and facilities, the HOA ensures that residents have more time to enjoy their homes and community. The location is another feature that sets it apart. Minutes away from Princeton Junction Train station and Interstate Highway, makes the daily commute easy. With parks, restaurants, and shops just a stone's throw away, you'll never run out of things to do or explore. Don't miss out on this fantastic opportunity to own a well-maintained condo in East Windsor, NJ. Contact today to schedule a private viewing and make this charming condo your own.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1984
MLS Number
2409767R
Location
Address
2422 Old Stone Mill Drive
City
East Windsor
State
NJ
Zip Code
08512
County
MIDDLESEX (SOUTH)
Listing
Provider
Keller Williams Princeton Real Estate, original listing
Name
Keller Williams Princeton Real Estate
Phone
(609) 987-8889
Office Name
KELLER WILLIAMS PRINCETON R. E.
Office Phone
(609) 987-8889
Agent Name
MAMTA KASHYAP

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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.