Home for Sale at 109 Bond St, Bridgewater Twp., NJ 08807

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109 Bond St
Bridgewater Twp., NJ 08807

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Property Details

List Price:	$556,000
Beds:	3
Baths:	3
Status:	Pending
SqFt:	--
Agency:	RE/MAX SELECT

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1988
Notes:	Located in desirable Bridgewater Oaks is this North facing, totally updated and upgraded, three bedroom, 2.5 bathroom home. All rooms flow wonderfully together. Gorgeous eat-in kitchen with cherry cabinets, stainless steel appliances, and granite countertop with a wonderful island serving as a breakfast bar. Stainless GE refrigerator 2022, GE microwave 2022, and Samsung dishwasher 2020. The formal dining room has sliding patio doors leading to a deck overlooking the woods. The living room has a fireplace and cathedral ceiling. The entryway and kitchen have Calacatta Oro marble tiles. Striking Brazilian cherry floors in the living and dining rooms; both are sure to wow. The second floor has large bedrooms and hardwood flooring. The specious primary bedroom has plenty of closet space, one being walk-in. An upgraded stunning en-suite bath, with ample custom cabinets, elegant dual vanities, and an oversized shower stall, completes this space. This floor has two further bedrooms and an upgraded hall bathroom. The finished basement features a large L-shaped family room and plenty of storage space, tastefully complemented with recessed lights and laminate flooring. A new roof 2019, new skylight 2019 and new driveway August 2023. A wonderful home located near shopping, dining options and major highways. HIGHEST AND BEST DUE BY 5PM TUESDAY 05/07/2024
MlsNumber:	3898696

Listing Provided By:	RE/MAX SELECT, original listing
Name:	RE/MAX SELECT
Phone:	(973) 539-6300
Office Name:	RE/MAX SELECT
Office Phone:	(973) 539-6300
Agent Name:	TRUDY HAYES
Disclaimer:	Copyright Â© 2024 Garden State MLS, LLC. 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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