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381 Monmouth Road
Freehold, NJ 07728
Michael Sclafani with RE/MAX Central, original listing - (732) 972-1000
$1,999,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
5784 Square Feet
Property Description
This is a coming soon listing with showings to begin Thu 1/30/25. Welcome to 381 Monmouth Road, Freehold, NJ, where opportunity meets imagination. This one-of-a-kind property offers an incredible combination of privacy, space, and potential, making it a truly rare find in today's market. Set on approximately 11 acres of gorgeous and private land, this expansive home offers approximately 5,800 square feet of living space, a large unfinished basement, and countless possibilities for customization. As you approach the property, you'll be greeted by a private, gated driveway lined with mature trees, providing a serene and exclusive entrance to your personal retreat. The approach culminates in a grand circular driveway that makes a stunning first impression and offers ample parking for guests. Whether you're entertaining or seeking tranquility, this property delivers both in abundance. Step inside to find a home that combines grand design and potential. The foyer features a sweeping staircase and introduces you to the open-concept formal living room and family room. With soaring ceilings and large windows, this space is bathed in natural sunlight, creating an inviting and airy atmosphere. The flow of this area makes it ideal for both intimate gatherings and grand celebrations. The centerpiece of the home is the updated kitchen, which has been meticulously redesigned to blend functionality and beauty. A massive center island comfortably seats six or more, making it the perfect spot for casual dining, meal prep, or gathering with loved ones. A wall of windows in the kitchen not only floods the space with sunlight but also offers breathtaking views of the wooded lot, creating a peaceful backdrop to your everyday routine. This kitchen will surely become the heart of the home for the next owners. The main level also features 1.5 bathrooms, a versatile room that can be used an office or lower-level bedroom, and a converted garage space that is currently used as additional living space. However, the garage can easily be reverted to its original purpose, allowing the next owner to adapt this space to fit their specific needs. Upstairs, the possibilities continue with four generously sized bedrooms, including a primary suite that overlooks the serene, wooded backyard. While two full bathrooms on this level are complete, the primary bathroom remains unfinished along with an EXTRA-large primary closet, offering the perfect opportunity to bring your vision to life. Additionally, there is a large unfinished space upstairs, ideal for use as a playroom, additional family room, guest suite, fitness area, movie theater or whatever suits your lifestyle. There are also 2 more additional unfinished bathrooms that have the plumbing done bringing the total for this estate to 5.5 Bathrooms. Beyond the home itself, the property is a true haven for nature lovers. The approximately 11-acre lot features private walking trails that wind through the wooded acreage, offering a peaceful escape into nature. These trails are perfect for leisurely strolls, jogging, or simply enjoying the beauty of your own private retreat. Whether you envision a morning walk surrounded by birdsong or an afternoon hike with family, this feature sets the property apart as a rare gem. Opportunities like this are incredibly rare homes of this size, situated on such expansive and private land, are few and far between. Whether you dream of creating your own private oasis, utilizing the land for farming, or enjoying the natural beauty of the wooded surroundings, 381 Monmouth Road provides the perfect canvas. Viewings are available by appointment only and are reserved for fully vetted buyers. Don't miss your chance to secure this extraordinary property and transform it into the home of your dreams.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1987
MLS Number
--
Location
Address
381 Monmouth Road
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
Michael Sclafani
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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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.