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60 Street Road
New Hope, PA 18938
$3,199,000
Conventional
Property
Bedroom
5
Bathroom
7
Property Type
Conventional
Square ft
7331
Property Description
Experience the epitome of luxurious living on this expansive 12+ acre estate nestled in a picturesque and private setting, surrounded by pristine preserved land. This solid contemporary masterpiece is your canvas to craft your dream home. Recently updated, the kitchen and main bath showcase modern elegance and convenience. A main floor bedroom suite offers a serene retreat. As you ascend to the upper floor, you’ll find three additional bedroom en-suites, each providing comfort and privacy. The upper level overlooks the living room with its cathedral ceilings and floor-to-ceiling windows that frame breathtaking long-distance views. From the Dining room to the Family room, this home seamlessly flows, making it perfect for both family gatherings and entertaining guests. The bright kitchen with vaulted ceiling and a breakfast area is complemented by a walk-in pantry, ensuring every culinary need is met. Expansive space extends to an enclosed porch and a poolside terrace, creating the perfect atmosphere for outdoor relaxation. A mudroom with laundry and a full bath conveniently leads to the pool area and gym. The lower level, pristine and unfinished, offers endless possibilities, allowing you to tailor it to your unique needs. Step outside to discover a stunning swimming pool surrounded by ample space for hosting memorable events. Additionally, two attached two-car garages, one with a fully equipped 1-bedroom apartment, provide both convenience and flexibility. Located in a prestigious multi-million-dollar neighborhood renowned for scenic country walks and bike rides, this estate is also conveniently close to all amenities and the I-95 corridor. This is a remarkable opportunity to make your mark on a truly magnificent home and elevate your lifestyle to the next level. Don’t miss your chance to create the estate of your dreams in this extraordinary setting.
Property Information
Lot Size
12 acre(s) square ft
Property Type
Residential
Year Built
1980
MLS Number
PABU2060166
Location
Address
60 STREET ROAD
City
NEW HOPE
State
PA
Zip Code
18938
County
BUCKS (SOUTHEAST)
Listing
Provider
Kurfiss Sotheby's International Realty, original listing
Name
Kurfiss Sotheby's International Realty
Phone
(215) 794-1312
Office Name
Kurfiss Sotheby's International Realty
Office Phone
(215) 794-3227
Agent Name
Lisa Frushone

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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.