Home for Sale at 3307 LIMESTONE WAY, MOUNT LAUREL, NJ 08054

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3307 Limestone Way
Mount Laurel, NJ 08054

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Property Details

List Price:	$2,200
Beds:	2
Baths:	2
Status:	Active
SqFt:	1218
Agency:	Maturo Realty, Inc.

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Description/Comments

Lot Size:	999 sqft
Property Type:	Rental
Year Built:	1990
Notes:	Welcome to this charming townhouse nestled in the sought-after Laurel Creek community. This home is well maintained with 2 good sized bedroom, 1.5 beautifully done bathrooms that offers an inviting and comfortable living experience across two levels. The semi-open floor plan seamlessly connects the spacious living room, kitchen, and dining room, making it perfect for daily living and entertaining. The kitchen features an abundance of cabinets and good counter space offering ample space for culinary endeavors, with a convenient pass-thru to the dining room. Natural light streams into the dining room through the sliding glass door which opens to your own patio area. The light filled spacious living room creates a warm and inviting atmosphere perfect to chill quietly or invite others in and entertain. The main level half bath and laundry round out the 1st floor. Upstairs, you'll find a generously sized primary bedroom with a spacious walk-in closet with bonus storage area and dire t access to the full bath. The second bedroom is equally spacious. There's also a substantial linen closet/storage area that could be converted into a private tucked away office. For commuters, the proximity to major highways simplifies your daily journey to work. Additionally, you'll be delighted to find yourself in close proximity to some of South Jersey's finest schools, restaurants, and shops, enhancing your daily quality of life.
MlsNumber:	NJBL2065106

Listing Provided By:	Maturo Realty, Inc., original listing
Name:	Maturo Realty, Inc.
Phone:	(856) 316-0777
Office Name:	Better Homes and Gardens Real Estate Maturo
Office Phone:	(856) 316-0777
Agent Name:	Sara DiDomenico
Disclaimer:	Copyright Â© 2024 Bright 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.

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.

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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