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81 Partners Lane
Freehold, NJ 07728
Dee McCollick with Keller Williams Real Estate-Langhorne, original listing - (215) 757-6100
$1,599,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
5400 Square Feet
Property Description
Welcome to this exceptional home nestled within the beautiful Enclave of "The Gables of Freehold". This meticulously upgraded residence, built in the style of a Manor home, exemplifies luxury living at its finest. Crafted with precision and elegance, this Del Mar model has approximately 5400 square feet of luxury living, and is located in a cul de sac at the end of Partners Lane. Situated on 5.41 acres, you'll find not only does the interior of the home provide tranquility and privacy, but so does the park-like setting of the exterior of this home. The current owners have spared no expense to upgrade this home with $450,000 to $500,000 in upgrades throughout the home Enter the home through the custom door, with two side panels and transom, and admire the details of the custom painting, wainscoting and picture framed molding, as well as the power-motioned chandelier in this two story grand foyer. Custom flooring in the foyer continues to the kitchen. The formal living room is located to the left of the foyer and the formal dining room to the right, making this a center hall colonial. Notice the hardwood floors in the living room and dining room plus the natural light from the dramatic bay windows in both spaces. Holding a formal dinner party for 12 or more in the oversized dining room is not out of the question. You will also find in the foyer, a coat closet, guest lavatory, and first floor smart home thermostat. The stately spiral staircase, with hardwood and wrought iron railings, leads to the second floor landing, with views to the gathering room, contributing to this grand entrance. There is a second staircase from the kitchen to the second level. The temperature controlled Wine Closet with custom wine themed flooring and display lighting, is a centerpiece of this home. Capable of holding more than 250 bottles of your collection, your selection is at your fingertips and readily available to share with family and friends. Continue to the two story gathering room, with floor to ceiling faux stacked stone wood burning fireplace and newer carpet. Notice the many windows that allow viewing the outdoor living space. Next to the gathering room is the gourmet chef's kitchen. Enjoy your first cup of coffee in the breakfast area overlooking the outdoor living and entertaining areas with access via the sliding glass door to this space. The kitchen was totally redone in 2022. Included in this remodel are Century Custom made 48 inch white cabinetry with soft close feature, inter mixed cabinetry of solid and glass panels, pull out drawers located in the pantry, GE Cafe Stainless Steel appliances, including a 6 burner gas range with one of the two ovens (gas), and natural stone Quartzite backsplash, second oven(electric), a convection oven and a microwave, vent hood and pot filler, recessed full size French door Refrigerator with separate drawer access and bottom freezer, a dedicated coffee bar, separate Prep sink and beverage refrigerator area, natural stone Quartzite countertops and coordinating tile backsplash. There is an island with a matching Quartzite countertop and room for 6 bar stools. Access the three car, separate doors, side entry garage from the mud room or from outside the home via personal entry door with coded entry lock. There are three electronic garage door remotes. You will certainly appreciate the expanded multi car driveway, lined with Belgian blocks, . Directly off of the kitchen is the mud area with coat closet, and the laundry room including the stackable washer and dryer. Escape the kitchen and gathering area and find your serenity in the 4 season sunroom with tray ceiling, arched windows, and tiled floor. Flooded with natural light, the sunroom has a private deck and access to the rear yard. Double doors for the sunroom and first floor personal office, with corner windows, allow for privacy when needed. The bridge, on the second floor , with a sitting area highlighted with an arch and pillars, connects
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2004
MLS Number
--
Location
Address
81 PARTNERS LANE
City
FREEHOLD
State
NJ
Zip Code
07728
County
MONMOUTH (SOUTHWEST)
Listing
Name
Phone
(215) 757-6100
Office Name
Office Phone
(215) 757-6100
Agent Name
Dee McCollick
Agency Phone
(215) 757-6100

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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.