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445 Herman Drive
Franklinville, NJ 08322
$445,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2261
Property Description
Welcome to your dream home nestled in the tranquil and welcoming Franklin Forest neighborhood. This is a rare opportunity to live in this sought out location and this home, sold AS IS. Crafted by a family whose legacy spans the Philadelphia skyline, blending the craftsmanship of ironworkers and artists, this residence has been a haven for cherished gatherings and celebrations. >>Approaching the asphalt driveway notice the expansive two-car garage before you. Venture up the sidewalk towards the home’s main entrance, and be greeted by flourishing gardens, mature trees, and the soothing melody of nature. >>Upon reaching the front porch, enter the home’s main entrance, immediately feeling the expansiveness of the vaulted cathedral ceilings and open floor plan.>>To the left of the entrance lies the owner’s suite, thoughtfully designed for comfort. Vaulted ceilings and large windows define the bedroom, while the attached bath offers a spacious layout and thoughtful amenities, including a separate water closet for added privacy. Additional features for this main bath include a bathtub with a shower, two large closets, an extra large mirror, and a double sink vanity with plenty of storage space inside. The skylight above the vanity lets in beautiful natural light.>>Turn right from the main entrance and enter the heart of the home - the kitchen. Bathed in sunlight through beautiful bow windows, the kitchen is a culinary haven. Custom stained glass cabinet doors, ample counter space, a double sink, and under cabinet lighting fill one side of the kitchen and the adjacent cooking area boasts more hardwood cabinets above , and built-in cutting board counters on either side of the stove. Stand over the sink to look through the wide and open ledge that allows you to stay connected with anyone in the living room while cooking. Only steps away is the spacious living room/dining area that features a gas fireplace with white marble hearth.>>From the dining room, step into the sunroom with wall to wall windows that offer panoramic views of the large backyard. This space is versatile and would make a great playroom, yoga/meditation space, additional entertaining room for guests, or even a quiet reading lounge, as it is separated by sliding glass doors from the rest of the home.>>Exploring further, find the second and third bedrooms, located steps from the dining area, each bedroom offering spacious closets and plenty of natural light. IN the same hallway, a second full bath features a stand-up shower with glass doors and a well-lit vanity.>>The spacious garage, most recently utilized as a multi-specialty workshop, offers ample storage and utility. Pegboard helps organize tools, hardwood cabinetry is set above the long workbench and a large garage closet exists in this space, while still leaving room for two full size vehicles. An entrance from the garage into the home leads you back inside, a few feet from the laundry room and basement stairwell. Notice the huge hand-painted mural of an Italian vineyard, stretching up the wall to your right, as you descend the stairs.>>The finished basement has an open floor plan, with a beautiful custom wooden bar, ideal for entertaining. Across from the bar space, a pre-constructed fireplace surround exists, ready for a gas or electric fireplace insert if desired. A built in workbench is tucked away in another corner of the basement, providing a quiet space to create. This still leaves much more space for a full living room, workout space, and/or a home office area for anyone who works or studies remotely.>>Outside the back door of the home, a large patio flanks the back side of the home and overlooks a sprawling wooded backyard. A decade-old grapevine thrives next to the back porch and a garden box provides space for growing herbs or other produce.>>Two matching sheds, provide ample outdoor storage space.>>This property, in the Franklin Forest neighborhood won’t last long, schedule your viewing!!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1999
MLS Number
NJGL2041948
Location
Address
445 HERMAN DRIVE
City
FRANKLINVILLE
State
NJ
Zip Code
08322
County
GLOUCESTER (SOUTH)
Listing
Provider
Real Broker LLC, original listing
Name
Real Broker LLC
Phone
(318) 638-4716
Office Name
Real Broker, LLC
Office Phone
(855) 450-0442
Agent Name
Yashar Ebady

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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.