Home for Sale at 22 Cherbourg Dr, West Milford Twp., NJ 07480-1800

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22 Cherbourg Dr
West Milford Twp., NJ 07480-1800

PETER KONTRAFOURIS with EXP REALTY, LLC - (866) 201-6210

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Property Details

List Price:	$799,999
Beds:	5
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	0 Square Feet
Agency:	EXP REALTY, LLC
Agency Phone:	(866) 201-6210

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential-Single Family Residence
Year Built:	2000
Notes:	Nestled in the highly sought-after Olde Milford Estates, this beautifully maintained Colonial-style home sits on a serene wooded lot and offers exceptional space and versatility with 5 bedrooms and 2.5 bathrooms. A tasteful blend of marble, laminate, and hardwood flooring creates a warm yet elegant ambiance throughout.The first level features an inviting entrance vestibule and a well-designed layout that includes a sun-filled living room with a wood-burning fireplace, a formal dining room, a spacious gathering room, a full main bath, and a first-floor bedroom, ideal for guests, a home office, or flexible living. The eat-in kitchen is equipped with a center island, ample cabinetry, and direct access to the deck, perfect for entertaining or everyday enjoyment.Upstairs, the second level offers four generously sized bedrooms and additional baths. The primary suite serves as a private retreat with a walk-in closet and an ensuite bath featuring a jetted tub and separate stall shower.The walkout basement provides valuable bonus space with a den, game room, workshop, and storage. Additional highlights include a two-car attached garage, wide driveway parking, and a deck overlooking the tranquil wooded surroundings. Close proximity to multiple lakes, hiking trails, ski resorts, wineries, and so much more, this classic Colonial combines timeless charm, functional living, and a premier location in Olde Milford Estates.
MlsNumber:	--
ListingId:	4006102

Listing Provided By:	EXP REALTY, LLC
Phone:	(866) 201-6210
Office Phone:	(866) 201-6210
Agent Name:	PETER KONTRAFOURIS
Disclaimer:	Copyright © 2026 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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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.