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Weichert Princeton

Princeton Real Estate

44 Park Place, Princeton NJ

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44 Park Place Princeton

44 Park Place Princeton

  Joe Plotnick presents 44 Park Place in Princeton, NJ.  This 1 bedroom, 1 bath 1st fl unit has it all. This is a brand new condo conversion which was designed by Princeton Architect Steve Derochi who has paid attention to every detail in the design and execution of this unit.

This spacious condo features a living room with plenty of light from the large bay window. The kitchen area has custom cabinetry with built in appliances and granite counter tops. There is a custom cook top with an GE Advantium Oven. Oak hardwood floors in the living areas. The bath has Travertine tile floors and a frameless glass shower door. The condo has it’s own AC an heating unit. Plenty of storage space with your own storage locker in the basement.

The home has surveillance/entry video monitored security system. Laundry has a full size stackable washer and dryer. The exterior has been recently resided with Hardi Plank siding and brand new roof. 1 Block to Nassau St and the University. Don’t miss this magnificent in-town condo conversion. 

Call the Weichert, Princeton office to make a appt to see this wonderful Princeton Condo. 609-921-1900.

 

 

Here is a list of other condos and townhouses for sale in Princeton:


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32 Hillside Road, Princeton NJ

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Bright and sunny 3 BR ranch offering easy access to downtown – schools, shopping and campus are just blocks away! Original owners lovingly cared for this gem, with recent updates to HVAC, windows and roof. Wood floors, open kitchen, wood burning fireplace, large rear deck, storage shed, plentiful off street parking and generous auxiliary spaces, including a second kitchen in the finished basement. Extraordinary offering – check it out!

Call the Weichert, Princeton office to make an appointment to see this lovely home. 609-921-1900.

 

Below is a list of similar Princeton home for Sale:


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11 Park Lane, Princeton, NJ

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11 Park LaneVery Unique 4 bedroom 3 Full Bath custom built Home In Griggestown. This home was built with finest in quality construction. Ground level feature dining room,large kitchen,family room and full bath. Just a few steps up to a magnificent living room with large picture windows and almost full wall fireplace. Third level has 4 spacious bedrooms. Home is has mature trees and well landscaped both front and rear. Contact Joe Plotnick (732) 979-9116 to schedule an appointment. 

36 Mercer St, Princeton, NJ

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36 Mercer Street Princeton NJ-large-004-Front of Home-809x1000-72dpiRARE & full of potential! This Charles Steadman-built home from 1830’s in historic Mercer Hill is one of only a few by Princeton’s famous architect & town’s first developers. Attractive facade w/lovely gardens all around. Grand entrance w/wide staircase greets you, beautiful 5″-wide original wood floors throughout guides you & so many unexpected features will please you. Formal Living Room is well-lit & cozy w/fireplace & access to serene side Porch. Family Rm/Library has beautiful built-ins for endless books & more. Private Den w/more built-ins just beyond gorgeous fireplace. Enter traditional Dining Rm w/more original wood floors & secret access to 2nd Porch. Come into charming Kitchen wrapping around brick fireplace w/room for breakfast table. Exit onto Back Deck and revel in the beauty of a manicured Garden. 2nd FL Master and Sitting Rm w/fireplace for each. 2 Baths w/claw-foot tubs & 2 more Bedrooms complete level. 3rd FL has twin dormir Bedrooms & extra lg walk-in attic. Showings begin 7/21 at Open H. Contact Teresa Cunningham (609) 802-3564 to schedule an appointment.

41 Scott Avenue, Princeton Junction, NJ

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41 Scott AvenueWEST WINDSOR TWP: One-of-a-kind Home, rebuilt & renovated in 2002! First Floor Master. Village lifestyle in the original Berrien City section of Princeton Junction. Think unique, think variety! Short Walk to NY Train! Charming & Dramatic, custom-designed with an added 2nd story, half of which is wide open to the LR and DR. Funky and Fun spacious Gourmet Kitchen with large 2-level island, tin backsplash, & marine pendant lights. The extra-large, 2-story Dining Room features a spectacular chandelier and an open view of the Living Room, with its stone-front gas Fireplace, built-in shelves, and 2-story drama! Gorgeous today bathrooms, too. Not your routine suburban home! The huge paver patio is accessed from both the Kitchen and the Master Bedroom and overlooks the gorgeous fenced backyard, backing to heavily treed, preserved Green Acres. Short walk to Maurice Hawk Elementary, West Windsor HS South, the West Windsor Arts Center, and the just-renovated Windsor Plaza with its new shops & restaurants. Superb West Windsor-Pl School District & more. Contact Harriet Hudson (609-577-7335) to schedule an appointment.     

 

National Home Prices up 9.7% in January 2013

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The CoreLogic Home Price Index (HPI) showed that home prices nationwide, including distressed sales, increased on a year over year basis by 9.7% in January 2013 compared to January 2012. This change represents the biggest increase since April 2006 and the 11th consecutive monthly increase in home prices nationally. On a month over month basis, including distressed sales, home prices increased by 0.7% in January 2013 compared to December 2012. The HPI analysis shows that all but two states, Delaware and Illinois, are experiencing year over year price gains.
Excluding distressed sales, home prices increased on a year over year basis by 9.0% in January 2013 compared to January 2012. On a month over month basis, excluding distressed sales, home prices increased 1.8% in January 2013 compared to December 2012. Distressed sales include short sales and real estate owned (REO) transactions.

The number of American homes that end up in foreclosure has started to decline, a welcome development that partly reflects an improving housing market.

But a look at data that tracks distressed home sales reveals another reason why foreclosures are becoming less prevalent: More homeowners are turning to short sales where they sell their homes for less than what they owe in mortgage debt and the bank typically eats the difference.
In the past, short sales were rare. Now they are becoming increasingly common in part because lenders, homeowners and real estate agents have become more experienced at marketing and pricing the properties, and because short sales are considered a more efficient way than foreclosure to sell underwater properties.

The shift is helping the housing market pare the backlog of distressed mortgages while cutting the amount of time vacant homes sit empty. That has helped keep home prices firm in the improving real estate environment.
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Pending home sales rose in January and have been above year-ago levels for the past 21 months, according to the National Association of Realtors

The Sequester Effect and the Mortgage Sector

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Tim McLaughlin, VP Weichert Financial Services

Much has been written about the automatic, across the board budget cuts contained in the Budget Control Act of 2011, otherwise known as “Sequestration,” but many critical questions remain regarding official interpretations of the legislation and how it will actually be implemented on an agency by agency basis. These include questions as to exactly which governmental spending accounts are or are not subject to sequestration, how deep the percentage reduction will be in the accounts that are subject to sequestration, how much latitude agencies have in selecting the specific expenditures that will be cut, and what the offsetting expenditures will be in implementing the proposed cuts.

Various estimates of the across the board cuts that would be required in programs subject to sequestration range between 8.5% and 10% for fiscal year 2013, with some going as high as 13.3%. But sequestration would impact different programs across the government in very different ways. With government grant programs such as Title I of the Elementary and Secondary Education Act, the impact can be estimated with some degree of precision. Others are not as easy to project. A great question is how will this impact the mortgage banking sector? Although mortgage bankers aren’t (yet) worried that the sequester will hammer applications, the Federal Housing Administration could be in for some adjustments. The Department of Housing and Urban Development and Ginnie Mae could be forced to furlough thousands of employees if sequestration spending cuts go into effect as scheduled on March 1.

HUD Secretary Shaun Donovan warned lawmakers recently that cuts in several agency programs, including the FHA single-family mortgage insurance program, would leave HUD short on staff and slow the delivery of services to numerous families, individuals and communities that rely on these programs.

Many of the 9,000 HUD employees in 81 field offices across the country would be subject to forced leave and other personnel actions, although sequestration plans are still under review, Donovan said. On the other hand, Ginnie Mae will also be hit by spending cuts, though not as significantly as HUD. An estimated $2 million would be cut from the agency’s Mortgage Backed Securities Loan Guarantee Program under the sequestration rules.
We will keep a watchful eye on this as the day progresses.

National Home Prices Heading Up….

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The national median existing single-family home price showed the strongest year-over-year increase in seven years during the fourth quarter, according to the latest report by the National Association of Realtors (NAR). In addition, the median price rose in 133 out of 152 metropolitan statistical areas based on closings in the fourth quarter compared with the same quarter in 2011.

Lawrence Yun, NAR chief economist, said all the conditions for strong price growth are at play. “Home sales are on a sustained uptrend, mortgage interest rates are hovering near record lows and unsold inventory is at the lowest level in 12 years,” he said. “Home sales are being fueled by a pent-up demand and job creation, along with still favorable affordability conditions and rents rising at faster rates.”

Separately, NAR’s national annual Housing Affordability Index rose to a record high of 193.5 in 2012. An index of 100 is defined as the point where a median-income household has exactly enough income to qualify for the purchase of a median-priced existing single-family home, assuming a 20 percent downpayment and 25 percent of gross income devoted to mortgage principal and interest payments. For first-time buyers making small downpayments, the affordability levels are relatively lower.

“The housing affordability index shows that the national median income of families was almost double the income needed to buy a median-priced home in 2012, so most buyers are able to stay well within their means,” Yun said. “Even with rising home prices, conditions are expected to stay very favorable with the index averaging 161 in 2013, which would be the third best on record.”

There’s never been a better time to buy a home!

John Burke

Broker/Sales Person

Weichert, Realtors
350 Nassau St,
Princeton, NJ 08540
Office: (609) 921-1900

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