This house is located in Montville, NJ.
Judging from the kitchen picture the money was not spent on the property...
Also no renovations listed in the description -
So here is the financial data -
Great opportunity to move into Montvile, NJ. Rated by Money Magazine as one of the Best Places to Live. Large EIK, Extra Large LR, Large Fenced in Level Yard with Shed and Tree House, 3 BR, Loft/office, Full Floored attic and Full Basement
- Purchased Sept 2001 - $187,500
- Mortgage Oct 2001 - $150,000
- HELOC May 2004 $20,000
- HELOC July 2005 - $100,000
- HELOC August 2005 - $193000
- HELOC May 2007 - $220,000
- For Sale Feb 2008 - 397,000
Remember they must have been able to save at one time - they managed $37,500 for the down payment. But since saving was so 90's, they had to use the house as a second income and made an extra $36,600 per year. I hope they had a good time.