Home for Sale at 1025 Ringwood Ave, Wanaque Boro, NJ 07420-1402

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1025 Ringwood Ave
Wanaque Boro, NJ 07420-1402

WALTER WEISS with KELLER WILLIAMS PROSPERITY REALTY, original listing - (973) 696-0077

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Property Details

List Price:	$1,350,000
Beds:	--
Baths:	--
Status:	Active
SqFt:	0 Square Feet
Agency:	KELLER WILLIAMS PROSPERITY REALTY
Agency Phone:	(973) 696-0077

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Land-Other
Year Built:	--
Notes:	Incredible Builder & Investor Opportunity in Haskell, NJ! Fully approved and ready to break ground, this 0.77-acre lot offers a rare chance to develop an 11-unit luxury apartment building in one of Haskell's most convenient locations. All municipal approvals, plans, and permits are in place, simply start building. The approved project features: 11 Total Units. 6 One-Bedroom Units, 4 Two-Bedroom Units, 1 Three-Bedroom Unit. Parking Garage Underneath + Additional Surface Parking. Thoughtfully designed layouts ideal for today's renters. Strong rental demand in a high-growth pocket of Passaic County. Located just moments from Haskell town center, schools, shopping, dining, parks, and public transportation, this site provides the perfect blend of convenience and long-term investment appeal. Whether you're an experienced developer or a seasoned investor seeking your next high-ROI project, this fully approved site is a rare find. Don't miss this exceptional opportunity to build luxury residential units in a prime location
MlsNumber:	--
ListingId:	3998568

Listing Provided By:	KELLER WILLIAMS PROSPERITY REALTY, original listing
Phone:	(973) 696-0077
Office Phone:	(973) 696-0077
Agent Name:	WALTER WEISS
Disclaimer:	Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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