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291 Elephant Road
Perkasie, PA 18944
$1,097,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
2400
Property Description
Sitting on 7- acres 2 Building sites along with a newly renovated ranch home featuring a 3-car side entry garage, a circular driveway with 2 entrances that surrounds the entire home and property. The curved walkway flanked by professional landscaping leads to the covered entry to this most elegant home. The foyer boasts refinished hardwood flooring which also extends to the formal living room, hallway, and multiple bedrooms! The spacious formal living room includes refinished hardwood flooring and is a great place to relax or entertain. Refinished hardwood flooring in the hallway leads to the kitchen and dining room areas. The remodeled gourmet kitchen boasts new Century soft-close cabinets and drawers, upgraded Quartz “Timeless Stone” countertops with a random tile backsplash and large stainless steel undermount sink. Also, featured are new stainless-steel appliances including a Frigidaire Gallery French door refrigerator, dishwasher and 5-burner stove, a Kitchen Aid microwave, upgraded random plank luxury flooring which also extends into the adjacent dining room. The large center island with seating, Quartz Countertop and additional storage is conveniently located in the kitchen for maximum function. The adjacent dining room is open to the kitchen and features new light fixtures, random plank luxury flooring and an expanded butler’s pantry/dining area. Exit the kitchen to a 12 x 16 enclosed breezeway which features exposed brick walls on 2 sides, ceramic tile flooring and doors leading to the driveway or barn areas. The owner’s bedroom has been completely renovated and features new carpeting, a sitting room/office/nursery, a remodeled owner’s bathroom with a sliding barn door entry to a freestanding oval soaking tub area, a walk-in closet and a separate room with a private commode, new vanity, and a large walk-in shower. The laundry room is located off of the sitting room and has an exit door to the backyard and Pole barn area. Three nicely appointed bedrooms and a remodeled hall bathroom complete the main level. The unfinished basement features a brick woodburning fireplace which could be the focal point for a future renovation and provides plenty of storage space. A floored attic is accessed by a set of stairs in the Kitchen. The huge double-pole barn provides even more space for a workshop or storage. 2 car bays could be used as storage space or rented out. Other amenities include a new A/C system (2022), a newer roof and new windows and doors, fresh paint throughout and much more. This location is commutable to Philadelphia, New York, New Jersey as well as the Pocono Mountains. One mile to the Vibrant town of Dublin accessible by miles of bike paths. Walk to the public recreational areas including basketball and tennis courts. Also nearby is historic Doylestown Borough which provides plenty of shopping, dining and museums, nearby Lakes Galena and Nockamixon as well as the Pennsylvania Turnpike and Northeast Extension. SUBDIVISION scheduled to be completed by March 2024. THREE seperate lots with one containing Home and Pole building. Home and Pole Barn currently leased totalling $5050 per month until August 2024.
Property Information
Lot Size
7 acre(s) square ft
Property Type
MultiFamily
Year Built
1965
MLS Number
PABU2064572
Location
Address
291 ELEPHANT ROAD
City
PERKASIE
State
PA
Zip Code
18944
County
BUCKS (NORTHWEST)
Listing
Provider
J. Carroll Molloy, Realtor, original listing
Name
J. Carroll Molloy, Realtor
Phone
(215) 348-3558
Office Name
J Carroll Molloy
Office Phone
(215) 348-3558
Agent Name
Sean McArdle

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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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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. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. 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.