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2202 Joseph Maurone Drive
Atco, NJ 08004
$355,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2180
Property Description
Hot Water Heater & HVAC System are 3 years old, Roof is 5 years old. Spacious home tucked away on the largest lot in the neighborhood of Hunters Woods boasting with a half acre of land. Small quiet neighborhood that is situated backing to the woods of Wharton State Forest. This property offers 4 bedrooms, 2.5 baths located less than one mile from Thomas Richards Elementary School. Upon your arrival you will be greeted by an over-sized asphalt driveway that can fit up to 4 cars. In addition to this huge driveway, is a one car garage. A great space for housing your vehicle or additional storage with access into the home through the laundry room. Once inside you will enter into a foyer that flows into a large living and dining room space with plenty of natural light. Through the dining room and into a galley kitchen that opens and steps down into a cozy den. The kitchen offers plenty of cabinet and counter space including a large pantry closet. A wonderful open space for all of your entertaining needs. An eat in kitchen encompasses a large sliding glass door that sprawls out onto a nicely sized deck overlooking the generously sized backyard. The backyard features a shed for storing all of your outdoor items. This yard doesn't have a pool, however, it is large enough to install a pool if your heart so desired. Ample space for creating your own back yard oasis! All of the bedrooms have nicely sized closets and both primary bedrooms feature a walk in closet. Additional storage upstairs in the attic. Property also features an underground sprinkler system. Plenty of storage space and room to grow in this home. Schedule your private tour now! Property is being sold AS IS. Buyer is responsible for obtaining the CO with the township.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1978
MLS Number
NJCD2067414
Location
Address
2202 JOSEPH MAURONE DRIVE
City
ATCO
State
NJ
Zip Code
08004
County
CAMDEN (SOUTH)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Mt. Laurel Home Marketing Ce
Office Phone
(856) 222-0077
Agent Name
Alyssa Nestoras

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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.

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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.