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57 S Main Street
Cranbury, NJ 08512
$1,185,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3286
Property Description
Nestled in the coveted downtown area, backing directly into Heritage Park, this historic home offers the perfect blend of classic charm and modern luxury, with timeless design elements adding touches of grandeur. As you enter you will appreciate the rounded?front staircase, a hallmark of classic Cranbury style, enhanced with stunning floor to ceiling custom panels. All around, you'll be greeted by freshly painted walls and meticulously refinished pumpkin pine floors that have been restored to their natural patina, setting a warm and inviting tone throughout the first floor. The heart of this home is its stunning kitchen, thoughtfully redesigned to cater to the needs of a modern gourmet enthusiast. It boasts an oversized 10' custom quartz island, complete with a beverage center, offering ample space for preparation and entertainment. This culinary haven is equipped with the latest appliances including a Gaggenau steam/combi oven (2024), Viking drawer microwave oven (2022), an XO beverage center (2022), a Thermador dishwasher (2022) and a pro-model Subzero fridge (2024). The front two rooms are perfect for use as living room, dining room or office space. Entertaining friends and family is a breeze, as the kitchen flows seamlessly to the dining room and large family room, with vaulted ceilings. Access the beautiful bluestone patio and pergola through the French doors and plan to relax as you enjoy views of the thoughtfully landscaped yard and access to the park. The attention to detail continues throughout the first floor with a custom cubby to drop those book bags or garden shoes. High-end wallpaper finishes adorn the front room and office creating an aesthetic that is both stylish and warm. All fixtures in the home are Waterworks, Grohe, and Rohl, providing a sophisticated feel that perfectly balances welcoming charm. The second floor offers a primary bedroom with ensuite bath, dressing area, and more closets than you would expect in an older home. Three additional bedrooms and a full bath complete the second floor. The detached garage offers room for two cars and has a loft for additional storage as well as a separate room for additional storage or office space. Additional features of the home include a 2 zone HVAC, tankless water heater, water softener and filtration system, and multi zone underground irrigation system. The backyard has ample space for a pool or a possible additional dwelling, as the property is eligible for subdivision. Students attend the highly rated Cranbury School K-8 and then go off to Princeton HS. Cranbury is located near the turnpike, the Rte. 130 Park & Ride and the Princeton Junction train station making commuting a breeze.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1850
MLS Number
2354197M
Location
Address
57 S Main Street
City
Cranbury
State
NJ
Zip Code
08512
County
MIDDLESEX (SOUTH)
Listing
Provider
Coldwell Banker Residential Brokerage, original listing
Name
Coldwell Banker Residential Brokerage
Phone
(609) 921-1411
Office Name
COLDWELL BANKER REALTY
Office Phone
(609) 921-1411
Agent Name
DEANNA ANDERSON

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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.