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4 Mountain Terrace
Blairstown Twp., NJ 07832-2740
KATHLEEN COURTER with RE/MAX HOUSE VALUES, original listing - (973) 601-1212
$749,900
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3610 Square Feet
Property Description
This Stunning Home, located on a 6 acre+ lot, offers a serene and private setting on a quiet, tree-lined, dead-end block. With 5 bedrooms and 3.5 baths, it provides ample space for comfortable living. Also, a wide array of desirable outdoor features, including an inground pool, a spacious patio, and a large deck, makes it perfect for entertaining and relaxation. Upon entering the home, you'll be greeted by handsome dark wood floors that flow throughout the main living areas. The great room captures your attention with its high ceilings and the abundance of windows flood the space with natural light, creating an open and inviting atmosphere. A gas/wood fireplace in the living room adds a touch of warmth and coziness. The beautiful custom gourmet kitchen has granite tops and stainless appliances. Walk through the breakfast room into the three-season room with access onto a large deck overlooking the expansive property. The Primary suite is a luxurious retreat with a jetted tub, a large walk-in closet, and a gas fireplace for winter nights. Also, another 21x71 bonus rm or 5th bedroom option. The partially finished walkout basement offers an entertainment hub and provides alot of future flexibility. A spacious storage room at 34x26 is perfect to use for recreation. The finished area offers a fitness room with a deep closet. A new full bath is located just outside the fitness room and provides for easy access to the pool. Notables: 2 brand new central air units and furnace.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2006
MLS Number
--
Location
Address
4 Mountain Terrace
City
Blairstown Twp.
State
NJ
Zip Code
07832-2740
County
WARREN (COUNTY)
Listing
Provider
RE/MAX HOUSE VALUES, original listing
Name
Phone
(973) 601-1212
Office Name
Office Phone
(973) 601-1212
Agent Name
KATHLEEN COURTER
Agency Phone
(973) 601-1212

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HUD Foreclosures

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.