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11 Jake Drive
Cream Ridge, NJ 08514
$1,275,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
4792 Square Feet
Property Description
Nestled on a sprawling 1.93-acre lot, this extraordinary Colonial-style estate is set in the exclusive Providence Estates of beautiful Cream Ridge, New Jersey. The home offers unrivaled privacy, backed by lush woodlands, with breathtaking views from every side. The tranquil neighborhood is surrounded by protected land and oversized home lots, creating a serene and peaceful setting, perfect for enjoying the beauty of nature.As you enter the home, the interior immediately impresses with its superior craftsmanship and attention to detail. Swarovski crystal chandeliers illuminate the grand entry, highlighting the stylish custom moldings, stunning transom windows, and elegant tray and boxed ceilings. The soaring 2-story gathering room features an exquisite Swarovski chandelier, custom wall moldings, and stunning porcelain tile floors. The wall of palladium windows and transoms flood the space with natural light, offering dramatic views of the property and adding to the grandeur of the space. The cozy gas fireplace enhances the room's inviting atmosphere.Hardwood floors extend throughout the entire first level, further elevating the home's refined aesthetic. Multiple French doors add charm and sophistication, while floor-to-ceiling windows with transoms in most rooms ensure an abundance of sunshine fills the home with warmth and light. The sunroom, complete with beautiful tile floors, offers the perfect spot to relax while taking in the scenic surroundings.The formal living and dining rooms, both boasting hardwood floors, offer a welcoming atmosphere for gatherings. A first-floor office provides a quiet retreat, while the powder room ensures convenience and accessibility. The kitchen is a chef's dream, featuring current-style quartz countertops, high-end Jenn Aire appliances, including a 6-burner stovetop, built-in refrigerator, wall and convection ovens, and microwave. The center island with stools creates a perfect space for casual dining, while the breakfast area, surrounded by a wall of windows, provides a serene setting to enjoy your meals.The home's architecturally unique design includes a split staircase, ensuring the owners' suite and the princess suite each have their own wing for supreme privacy and seclusion. The generously sized owners' suite is a true retreat, offering a luxurious experience with private views from every angle, a tray ceiling, walk-in closets, and a cozy sitting area. The spa-like en-suite bathroom includes a Jacuzzi bath, dual vanities with granite countertops, and a spacious shower.With a total of 4 bedrooms and 4.5 bathrooms, this home offers ample space for family and guests. The Jack-and-Jill style bathroom and the princess suite provide comfort and convenience, while every bathroom is adorned with elegant granite countertops. The third bedroom features an impressive walk-in closet, large enough to satisfy even the most discerning of buyers.The lower level of this home is a true showstopper, designed to offer a custom, star-quality experience. A vast home theater with a high-end projection system and luxury seating provides the ultimate viewing experience. The full-length custom bar with quartz countertops and a stone fa??ade adds an upscale touch to the entertainment space. Gorgeous porcelain tile floors continue throughout this level, which also includes a full bathroom, a home gym, a wine room, and a cigar room with a filtration vent. Recessed lighting, tray ceilings, and French doors further enhance the atmosphere of luxury, while a walk-up exit adds convenience.The property also boasts a spacious 3-car garage, providing ample room for vehicles and additional storage, offering both functionality and convenience.Incorporating cutting-edge sustainability, this home is equipped with solar panels that significantly reduce energy costs, covering the owners' electric bills and contributing to a more eco-friendly lifestyle.Additional amenities include a whole house generator, central vac,
Property Information
Lot Size
1 acre(s) square ft
Property Type
Other-Single Family Residence
Year Built
2007
MLS Number
--
Location
Address
11 Jake Drive
City
Cream Ridge
State
NJ
Zip Code
08514
County
MONMOUTH (SOUTHWEST)
Listing
Name
Phone
(609) 529-6055
Office Name
Office Phone
(609) 890-3300
Agent Name
JoAnn Stewart
Agency Phone
(609) 890-3300

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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.