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1404 Main Street
Hillsborough, NJ 08844
$779,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
2473
Property Description
This is a Meisenbacher Homes custom-home. This custom quality home is a rare find. A full basement single family home in Hillsborough Township within the Historic District of Millstone Borough, Somerset County. 3 stories, 4-bedrooms, 3.5-bathrooms, and 9-foot ceilings on the first and second floor, and 8-ft ceilings on the third floor. Hillsborough Township School District with lower Millstone Borough property taxes. This is a rare historical recreation using only the original foundation and frame components of house. Everything has been restored using the highest quality materials. The restoration includes Marvin wood windows and James Hardie horizontal lap board siding. The entire house is wrapped in R6 exterior house wrap to compliment the standard interior insulation for a total of R24 in all exterior walls. All of this combined with R39+ spray foam in the ceiling results in much lower heating & cooling utilities bills. The house includes wood front & back entrance doors. Interior doors are 3-panel solid wood doors. The custom interior trim includes 3.5-inch door casing & 3.5-inch base with shoe moulding on every floor. Hardwood and tile floors are found throughout the entire house. No carpet anywhere! Front & back foyers with coat closets. Recessed lighting in all rooms, two furnaces and two AC condensers with forced hot air heating/AC on all three floors and 50-gallon direct vent hot water heater. Hard internet & cable connections on each floor. The original floor plan has been reconfigured to a more open floor plan. The large family room, office/ den and dining area are all open areas. Separate, but open. The kitchen has a large island eat-in area with granite tops throughout the kitchen. The kitchen is modern with a Dacor stainless steel professional 30-inch gas range, a Bosch stainless steel dishwasher, & an LG 26 cu. ft french-door stainless steel refrigerator. Custom cabinets have been added to the kitchen pantry. The first-floor laundry room off the kitchen has insulated walls to reduce noise. The first floor has a powder room with custom cabinet & full-sized vanity mirror. The second-floor master bedroom contains a master bathroom with all-tile shower, custom vanity quartz top, Hans Grohe plumbing & glass shower door. The master bedroom contains a walk-in closet & a second closet. The second floor also has a common full bathroom with an extra deep tub, custom vanity quartz top, Hans Grohe plumbing & a full-sized vanity mirror. The 2nd bedroom on the second floor contains a large walk-in closet. The third floor has a private full bathroom with a custom vanity with a quartz top & Hans Grohe plumbing fixture, glass shower & full-length vanity mirror. The 3rd floor contains bedroom three & bedroom four. First, second & third floor living space of approximately 2,473 sq ft. Bonus finished basement adds an additional 773 sq ft of finished conditioned space. The Basement is well-lit with recess lights & large windows which include one rollout casement window for nature air flow. This basement area is ideal for an office, game room or play area. The basement also contains two crawl space basement storage areas that provide an additional 176 sq ft., and 149 sq ft. of storage areas, respectively. The back 24 x 18 concrete porch is on an existing footing / foundation & could be upgraded to a three-season room. The ½ acre site will allow for the future addition of a two-car garage.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1920
MLS Number
NJSO2003254
Location
Address
1404 MAIN STREET
City
HILLSBOROUGH
State
NJ
Zip Code
08844
County
SOMERSET
Listing
Provider
Your Town Realty, original listing
Name
Your Town Realty
Phone
(855) 600-2465
Office Name
Your Town Realty
Office Phone
(855) 600-2465
Agent Name
Ronnie Glomb

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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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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.