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A Tulsa Court
South Brunswick, NJ 08852
$1,500,000
Conventional
Property
Bedroom
6
Bathroom
5
Property Type
Conventional
Square ft
5920
Property Description
*** NEW CONSTRUCTION *** A new custom colonial style home under construction, with an attached 4-car garage and a walkout basement, on a 2-acre lot, on a quiet street of Tulsa Court, in the prestigious town of Monmouth Junction in South Brunswick township, New Jersey. The beautiful home offers approximately 5,920 square feet, plus an additional 2,517 square feet of basement. It features 6 bedrooms and 4.5 bathrooms. It also has a driveway with a roundabout in front of the main entrance, leading to a paved walkway which enhances the beauty and curb appeal of the house. The exterior of the house is stone and stucco. The grand main entrance of the house via double doors, leads to an elegant 2-story foyer with a grand circular staircase. On one side of the foyer is a formal dining area, which can accommodate a large dining table, flowing into the kitchen through a butler's area. On the other side of the foyer is a spacious living room. An open concept kitchen with a large island flows into the casual dining area, which further flows into a large family room with a gas fireplace and a 2-story ceiling. The family room opens via a double door to a classic deck, thus combining inside and outside spaces. The first floor also has a Powder room, a mud room, large master bedroom suite, along with a master bathroom, and a studio which can be used as an office, a library, a prayer room, kids' playroom etc. There is a second set of staircases from the kitchen leading to the second floor. The second floor has a large hallway open to the family room as well as the foyer. The second floor Master Bedroom suite is extra-large with an open concept sitting area, and vanity area along with the bedroom. This master bedroom also contains 2 large walk-in closets, and a colossal 5-piece Master Bathroom. We have 4 more bedrooms on the Second floor, and 2 more bathrooms. All the rooms are very spacious. The laundry room is also on the Second floor next to the master bedroom. This house comes with a full walkout basement. The basement is one big open space of approximately 2,517 square feet. The basement opens via a double door to the beautiful backyard which transitions from the cozy indoors of the house to the fresh natural outdoors of the backyard. All images are Computer Generated 3D models rendered to give a close approximation of how the house would look like once it is built.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
2205511R
Location
Address
A Tulsa Court
City
South Brunswick
State
NJ
Zip Code
08852
County
MIDDLESEX (SOUTH)
Listing
Provider
Realty Mark Central, original listing
Name
Realty Mark Central
Phone
(609) 273-1212
Office Name
REALTY MARK CENTRAL
Office Phone
(609) 716-8400
Agent Name
Dilip Luthra

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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.