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4640 Watson Drive
Doylestown, PA 18902
$1,039,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4077
Property Description
Custom built home with first floor primary suite in Central Bucks School District. Offering charm and hospitality, this manicured beauty has an acre of land and backs to open farm fields. The welcoming 2-story foyer showcases the home’s neutral decor, elegant moldings, rich hardwood floors, and open concept. A tray ceiling billiard or formal living room to the left of the entry showcases the views from its triple arched windows. Across the way, the column accented dining room is spacious and perfect for hosting large family gatherings and offers access to the cozy front covered porch thru a set of plantation shutter double doors. Continue the open layout to the vaulted family room where a dramatic floor to ceiling stone wood burning fireplace with gas starter is centered between a series of 4 large windows. The adjoining kitchen makes a statement all on its own with a striking architectural stovetop stone arch, granite countertops, custom cabinetry, walk-in pantry, stainless steel appliances including a Dacor oven, convection microwave, warming drawer and an eat-at-counter providing seating for three. The breakfast nook welcomes you with picturesque views thru its many windows overlooking the private, split rail fenced backyard with mature trees and a stone walled surround pool with magnificent hardscaping. A mahogany covered porch and roomy rear deck with hot tub ready capabilities provide additional exterior entertaining space. A convenient primary suite can be found off the family room offering a full bath with unique ceiling detail and dual vessel sinks, walk-in closet, sitting area with gas fireplace and access to the rear deck. Hardwood floors will be installed in early May. Completing this level is a laundry/mud room, coat closet, access to the 2-car garage and a half bath with rear yard access. Downstairs is unfinished and proposes endless possibilities for additional living space with its high ceilings. An office/bonus room and three additional bedrooms; one with its own full bath and the other two sharing a Jack and Jill full bath with two vanities, all with granite countertops and tile floors, complete the 2nd level with an overlook to the main level family room and front entry. Boasting endless comfort, this home is conveniently located close to downtown Doylestown for that quick commute to Philadelphia via train and the 295 corridor. Central Bucks Schools.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2005
MLS Number
PABU2069100
Location
Address
4640 WATSON DRIVE
City
DOYLESTOWN
State
PA
Zip Code
18902
County
BUCKS (SOUTHEAST)
Listing
Provider
Jay Spaziano Real Estate, original listing
Name
Jay Spaziano Real Estate
Phone
(215) 493-1220
Office Name
Jay Spaziano Real Estate
Office Phone
(215) 493-1220
Agent Name
Jay Spaziano

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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. 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.