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9 Alfalfa Circle
Plainsboro, NJ 08536
QIZHAN JACK YAO with REALMART REALTY LLC, original listing - (732) 727-2285
$1,599,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3
Property Type
Conventional
Square ft
3851 Square Feet
Property Description
Welcome to this exquisite Coventry Model by Calton Homes in The Crossing at Grover's Mill East, a prestigious community. Located just minutes from the highly sought-after WW-P High School North, middle school and primary school, and Princeton Junction train station, this brick front, center hall Colonial home faces a several acres well maintained open space. Built in 2001, this meticulously maintained residence spans 3851 square feet of living space, with additional 2000 square feet finished basement, sits on a sprawling 1 acre lot. The first floor features soaring two-story foyer with a grand crystal chandelier, is flanked by living and dining room, and a spacious, bright Conservatory with a chandelier. The updated eat-in kitchen opens to Great room. Both spaces are flooded with natural light. The kitchen features 42-inch cabinetry, newer granite countertops, newer stainless steel appliances, a slider to a large paver patio, a lovely koi pond and a huge yard. The Great room boasts hardwood floors and a wood-burning fireplace with elegant marble mantal. Completing the main level is a carpeted bedroom/office, 4 closets, a full bath, and an auxiliary kitchen, and access to 3 car garage. The upper level showcases the primary suite with 2 wlk-in closets, and a luxurious full bath with Jacuzzi tub, shower stall with new glass door, 2 large vanities, and separate toilet. Additionally, there are 3 more bedrooms, a full bath. All bathrooms have been rejuvenated. The finished basement offers an open area with a large mirror wall, a home theater and an utility room. Other features include a 3-zone heating and cooling system, of which 2 are brand new, and last but not least a brand new roof.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1998
MLS Number
--
Location
Address
9 Alfalfa Circle
City
Plainsboro
State
NJ
Zip Code
08536
County
MIDDLESEX (SOUTH)
Listing
Name
Phone
(732) 727-2285
Office Name
Office Phone
(732) 727-2285
Agent Name
QIZHAN JACK YAO
Agency Phone
(732) 727-2285

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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.