House Description

Rare opportunity to buy a contemporary-style, large home in highly desirable Ringoes/East Amwell Twp. On 1.5 acres, this property has high ceilings, an open layout, abundant natural light, and a HUGE upside for an investor or retail home buyer looking to renovate. Build your own equity instead of overpaying for something else. We believe the property has the potential to achieve an after-repair value in the $750,000-$800,000. Some features already included are central air, a full basement, balconies (in need or repair/reinforcement), 4-5 bedrooms, 3 and a half baths, spiral staircase, wood burning stove, open kitchen, 2 car garage and a HUGE lot backing up to a beautiful view! Accessible to Princeton, Flemington and Lambertville, this area is characterized by estate homes, preserved farmland, equestrian properties, wineries, and scenic countryside. Note: Buyer to perform their own due diligence regarding value, bed/bath count, permits, etc. Buyer to obtain certificate of occupancy or a temp CO until you complete the renovations. Property is being sold strictly AS-IS & seller will make no representations, repairs, or repair credits. We do not believe this will work for an FHA/VA buyer due to condition unless if its a renovation loan. Buyer is responsible for underground oil tank & converting the heating system. Septic in unsatisfactory condition, inspection on the tank sweep & septic on file. Some photos are enhanced to show potential of property after renovation.

Highlights

Listed by JASMIN ELALFY , MP NJ ELITE GROUP LLC , 732-523-0757. Garden State MLS

Property Type

Residential

Lot/Acreage

1.5

Year Built

1993

County

Hunterdon

Listing ID

4037043

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms

▪ Bedrooms:5
▪ Bathrooms:3.5
▪ Full Bathrooms:3
▪ 1/2 Bathrooms:1

Appliances:Dishwasher, Range/Oven-Electric

Air Cond:Central Air

Fireplaces:Wood Burning

Floor:Carpeting,Laminate,Parquet-Some

Basement:Full,Unfinished

Other:Private

Payment Calculator

Payment Breakdown

Principal Interest

$2,036

Taxes

$742

Home Price

$399,999

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$80,000

Down Payment

Down Payment %

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Monthly Price:

$2,035.68

Principal

Taxes