Home for Sale at 105 Julie Dr, Northfield, NJ 08225

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105 Julie Dr
Northfield, NJ 08225

LISA ALPER-RUSSO with PLATINUM REAL ESTATE, original listing - (609) 641-3400

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Property Details

List Price:	$859,000
Beds:	5
Baths:	Full: 3
Status:	Active
SqFt:	3400 Square Feet
Agency:	PLATINUM REAL ESTATE
Agency Phone:	(609) 641-3400

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Description/Comments

Lot Size:	0 sqft
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2001
Notes:	This stunning brick-front Sutton Woods residence boasts a full basement and a swimming pool. The main floor features a grand entrance leading to a formal living room and formal dining room, a spacious family room with soaring two-story ceilings and a fireplace, and a versatile first-floor office that could serve as a fifth bedroom. A full bath, is conveniently located nearby. The mud/laundry room is accessible from the two-car side-entry garage. The expansive eat-in kitchen includes a center island, a large walk-in pantry, and sliding doors that open to the backyard. Upstairs, you’ll find four generously sized bedrooms and 2 full baths. The master suite is a true retreat with a tray ceiling, two walk-in closets, and an enormous bathroom featuring dual sinks, a private toilet, and a new shower. The second floor is completed by three additional bedrooms and a hall bathroom. The fully finished English basement is flooded with natural light from large above-ground windows and offers a storage area plumbed for a bathroom, an office, a large recreation area, and a versatile room with a closet and a window that can be used as a bedroom, office, playroom, movie room, or gym. The fully fenced backyard is perfect for children and pets, with a large grassy area suitable for a trampoline or swing set, a patio, and a heated gunite swimming pool. This desirable cul-de-sac location also offers plenty of off-street parking. The highly-rated Northfield schools feed into Mainland Regional High School.
MlsNumber:	--
ListingId:	586914

Listing Provided By:	PLATINUM REAL ESTATE, original listing
Phone:	(609) 289-2384
Office Phone:	(609) 641-3400
Agent Name:	LISA ALPER-RUSSO
Disclaimer:	Copyright © 2024 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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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.

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