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1220 Magnolia Road
Vineland, NJ 08361
$339,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1404
Property Description
The three-bedroom home sits nestled on a spacious corner lot, exuding a charming presence with its welcoming exterior and neatly manicured lawn. As you approach, the sound of pavers and gravel crunching beneath your feet accompanies you along the winding pathway leading to the front entrance, which boasts a front ceramic tile and brick patio. Upon entering, you're greeted by a warm and inviting atmosphere, with natural light streaming in through large windows. Adjacent to the living room lies the heart of the home - the eat-in kitchen. Bright and airy, it boasts ample counter space, modern appliances, and a charming breakfast nook bathed in sunlight, ideal for enjoying your morning coffee while taking in views of the garden through the nearby window. Beyond the kitchen, a separate dining room awaits, offering an elegant space for hosting gatherings and dinner parties. With its stylish chandelier suspended from the ceiling and ample room for a large dining table, it's sure to be a place where memories are made over shared meals and lively conversation. Venturing further into the home, you'll find three comfortable bedrooms, each offering a peaceful retreat for relaxation. The master bedroom features an en-suite bathroom. The remaining bedrooms share access to a second full bathroom, ensuring convenience and privacy for all occupants. Descending into the full basement below, you'll discover a wealth of potential, whether it be as a recreation room, home gym, or additional storage space to suit your needs. With its expansive layout, the possibilities are endless. Outside, the corner lot offers ample space for outdoor enjoyment, with a sprawling backyard bordered by lush landscaping and mature trees and fully fenced for more privacy. A paved driveway provides ample parking for multiple vehicles, while an attached carport offers additional storage and convenience. The home is minutes from local eateries, shopping, and route 55 In summary, this three-bedroom home on a corner lot boasts two full baths, a full basement, ample parking, an eat-in kitchen, a separate dining room, and all the comforts and conveniences one could desire in a place to call home.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1965
MLS Number
NJCB2016884
Location
Address
1220 MAGNOLIA ROAD
City
VINELAND
State
NJ
Zip Code
08361
County
CUMBERLAND
Listing
Provider
Keller Williams Prime Realty, original listing
Name
Keller Williams Prime Realty
Phone
(855) 362-5072
Office Name
Keller Williams Prime Realty
Office Phone
(856) 362-5072
Agent Name
Anthony Rodriguez

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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.