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17 Franklin Drive
Freehold, NJ 07728
Matthew Tully with RE/MAX Central, original listing - (732) 972-1000
$1,460,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
4149 Square Feet
Property Description
Welcome to 17 Franklin Drive, a magnificent 4-bedroom, 4.5-bath Colonial home in the sought-after Freehold, NJ area. This beautifully upgraded residence blends classic elegance with modern amenities, offering a truly luxurious living experience. As you enter, the grand two-story foyer sets a tone of sophistication. To the left, the formal dining room showcases decorative moldings, perfect for elegant dinner parties. To the right, the formal living room flows into a spacious conservatory with sliding doors that open to the backyard. A large two-story family room, centered around a wood-burning fireplace, creates an inviting atmosphere for gatherings. Adjacent to the family room is a private office that can double as a fifth bedroom, offering versatility and convenience. The newly renovated kitchen is a chef's dream, featuring quartz countertops, under-cabinet lighting, a pantry, and a luxury Z-Line appliance package that includes a double oven, refrigerator, dishwasher, microwave, and cooktop. A pot filler over the cooktop adds convenience for culinary enthusiasts, and a built-in wine refrigerator provides the perfect spot to store your favorite vintages. The dining room includes a breakfast nook with built-in seating, and sliding doors from the kitchen lead to a private paver patio on a spacious 1-acre lot, ideal for outdoor entertaining. Throughout the first and second floors, brand new luxury vinyl plank flooring adds both style and durability, while smooth, inviting paint colors provide a fresh and modern feel. Upstairs, the master suite offers a separate sitting area, tray ceilings, and three generous walk-in closets, including one with a quartz island for added storage. The master bathroom is a true oasis, featuring a soaking tub, double sinks, and a thermostatic digital shower system by Moen, controlled by Alexa and Google. Heated floors, a heated shower floor, and a bench with individual thermostats provide the ultimate comfort, while four power jets in the shower offer relaxation and stress relief. All bathrooms throughout the home have been fully renovated with quartz countertops and modern hardware. The first-floor powder room is equipped with a Zahees Smart Toilet, featuring a radar-activated auto flip lid, automatic flush, heated bidet, warm air dryer, and auto deodorization for a touch of luxury. The second bedroom includes its own en-suite bathroom, while bedrooms three and four share a Jack-and-Jill bathroom, offering both convenience and privacy. The fully finished basement is designed for entertainment, complete with a full bar inspired by UK, London design, a home theater, a billiards and gaming area, and an additional bedroom with a full bath. This space is perfect for hosting gatherings or creating the ultimate entertainment experience. Recent updates to the home include a new roof with a lifetime transferable warranty and new skylights, a dual-zone HVAC system installed less than five years ago, and a new water heating tank replaced less than six months ago. With thoughtful upgrades throughout, including under-cabinet and pantry lighting in the kitchen, this home is truly move-in ready. Located close to CentraState Medical Center, Freehold Raceway Mall, downtown Freehold, and commuter routes to NYC, this home is nestled in an excellent school district and offers everything you need for luxurious, modern living. Don't miss your opportunity to own this exceptional property!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1996
MLS Number
--
Location
Address
17 Franklin Drive
City
Freehold
State
NJ
Zip Code
07728
County
MONMOUTH (SOUTHWEST)
Listing
Name
Phone
(732) 972-1000
Office Name
Office Phone
(732) 972-1000
Agent Name
Matthew Tully
Agency Phone
(732) 972-1000

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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.