Home for Sale at 146 SCHUBERT AVENUE, RUNNEMEDE, NJ 08078

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146 Schubert Avenue
Runnemede, NJ 08078

Michael O'Hara with All-Ways Agency, original listing - (609) 714-2000

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Property Details

List Price:	$349,900
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	1236 Square Feet
Agency:	All-Ways Agency
Agency Phone:	(609) 714-2000

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	1955
Notes:	Welcome Home to 146 Schubert Ave. This Wonderful 3 Bedroom Brick Rancher is Nestled within walking distance to Triton High School. As you enter the Front Door you are greeted with a cozy Living Room that has nice Bay Window overlooking the Front Yard. This well maintained Ranch was expanded in 2005 to Include a Larger Kitchen and Master Bedroom. The oversized Kitchen has All New Stainless Steel Appliances including the Refrigerator, Range, Microwave, and Dishwasher. The Counter Space is Very Large with an abundance of Beautiful Wood Mode Cabinetry for all of your Kitchenware. The Master Bedroom was also part of the expansion and offers plenty of closet space. The Expansion was done with Open and Closed Permits with the Runnemede Borough. There are Two Additional Nice Size Bedrooms and a Full Bathroom to Round out the First Floor. Walk downstairs to a Fully Finished Basement that Offers a Family Room, Bar Room, Full Bathroom, and Laundry area. This Basement is a Great Area to watch and Cheer on your favorite Philadelphia Sports Teams All Year Long. The Rear of the Home has a Concrete Patio Area that offers a Private Setting with Mature Trees and Shrubbery. The Property has a 2 Car Concrete Driveway along with plenty of On Street Parking available. The Location is Excellent! It's Just a Short Commute to the New Jersey Turnpike and Route 295. The drive to the Haddonfield downtown area and restaurants are only minutes away. The commute over to Philadelphia and your Favorite Sports teams are within 20 minutes. Don't miss the Opportunity to Own this Beautiful Home in Runnemede!
MlsNumber:	--
ListingId:	NJCD2075504

Listing Provided By:	All-Ways Agency, original listing
Phone:	(856) 985-4535
Office Phone:	(609) 714-2000
Agent Name:	Michael O'Hara
Disclaimer:	Copyright © 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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