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336 Daretown Rd
Elmer, NJ 08318
$390,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1612
Property Description
Welcome to 336 Daretown Rd located in Daretown, NJ. The little “Village of Daretown” is rich in local history dating back to the 1700’s and is well known for its beautiful farm country living and amazing sunsets. According to Township records, this house was built in 1955 and has been lovingly maintained, upgraded and modernized over the years by a small handful of owners. This 3 BR 2 full Bathroom, 1612sq ft Cape Cod sits on a deep .81-acre lot. This land lot backs to farm fields. The front porch faces the side yard, and the asphalt driveway forms a semi-circle around the house. The upgrades in the last 5 years include new roof (2024), AC Condenser & Compressor (2023-2022), Pergola (2022), Interior& Exterior Doors, Exterior House Paint (2021), Windows, Main floor Bathroom remodel, Well pump (2020) and updates to Basement (2019). The detached Garage was added in 2017. A new Septic system was engineered, designed and installed in 2014 as well as other improvements along the way. Please enter through the porch into the Family Room. This is a large space with plenty of natural light which provides an opportunity for a variety of choices regarding furniture placement. The Kitchen is spacious as well, featuring plenty of cabinetry and space for a large table and chairs. Exit the kitchen and follow the hallway to the sleeping area, with the Primary bedroom located on the right side. The bathroom was remodeled and beautifully updated in the past few years and the room to the left was most recently used as a Nursery/Toddler bedroom. In times past, it was set up to be a Dining Room. Take the staircase to the Attic area which served as a Bedroom space years ago. This room is heated and cooled and ready for the new owner’s design and finishing touches for color and flooring. There is closet space built into the eaves. The basement staircase is located toward the back side of the kitchen across from an exterior door. In this below grade, partially finished area, there are 2 Bonus rooms, a convenient laundry area and a full bathroom with a Stall Shower. There is a separate, unfinished Utility area which houses the mechanicals. There are steps to the exterior with BILCO doors that open to the backyard. The backyard has a lovely, custom-built Pergola on a large patio. It will easily accommodate furniture for dining and relaxing, making it a wonderful outdoor entertainment space. There is a generous gravel driveway leading to a 900sq ft, detached 2 car Garage. There is plenty of parking for oversized vehicles in this area. There is a 120 sq ft Shed at the very back of the property which will convey to the Buyer as well. Conveniently located 30 minutes from Delaware (tax free shopping!), 43 minutes from Philadelphia and about an hour from Ocean City, NJ, this property combines the best of your commute and lifestyle options. Come see it for yourself!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1955
MLS Number
584689
Location
Address
336 Daretown Rd
City
Elmer
State
NJ
Zip Code
08318
County
SALEM
Listing
Provider
PRUDENTIAL FOX and ROACH-S144X, original listing
Name
PRUDENTIAL FOX and ROACH-S144X
Phone
(856) 343-6000
Office Name
BHHS FOX and ROACH-Mullica Hill South
Office Phone
(856) 343-6000
Agent Name
PAMELA KOTTER

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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.