Home for Sale at 21 Cairns Place, Montgomery, NJ 08502

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21 Cairns Place
Montgomery, NJ 08502

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Property Details

List Price:	$498,000
Beds:	3
Baths:	2
Status:	Active
SqFt:	1712
Agency:	Orange Key Realty

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1962
Notes:	Discover the charm and convenience of this beautiful 3-bedroom, 2-bathroom home in the desirable and sought-after Montgomery Township. Nestled in the heart of the township, this home offers the perfect blend of tranquility and convenience. Situated on a quiet street, this charming home welcomes you with serene surroundings and a picturesque setting. Inside, this spacious property boasts three bedrooms and two full bathrooms, ideal for those seeking extra space. Facing Northwest, the home enjoys plenty of natural light throughout the day. Step inside to discover real hardwood floors that flow seamlessly throughout the home, adding a touch of elegance. The open-concept design creates a warm and inviting atmosphere, perfect for entertaining guests or relaxing after a long day. The large kitchen features a center island, offering ample space for meal preparation and casual dining. Located at the rear of the property, the sunroom provides a peaceful retreat where you can enjoy the beauty of the outdoors from the comfort of your home. One of the highlights of this property is its full basement, ready to be transformed into a space that suits your needs. With a 1.2-acre lot, there is plenty of room for outdoor activities and enjoying the natural surroundings. Located just minutes from shopping, dining, and major commuting routes, this home offers the perfect combination of convenience and serenity. Please note, this property is being sold in AS-IS condition Price reflects condition. Don't miss your chance to make this beautiful property your new home.
MlsNumber:	2413085R

Listing Provided By:	Orange Key Realty, original listing
Name:	Orange Key Realty
Phone:	(732) 297-6969
Office Name:	ORANGE KEY REALTY, INC.
Office Phone:	(732) 297-6969
Agent Name:	OFIR HILLEL
Disclaimer:	Copyright Â© 2024 Central Jersey 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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