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311 Cedar Run Road
Boalsburg, PA 16827
$825,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4638
Property Description
This contemporary charmer, adorned in Western Red Cedar Shake is situated on a 7-acre private retreat in the Boalsburg area - conveniently?located close to shopping, golf courses, entertainment, PSU and more! This State College School District 4 bedroom, 3.5 bathroom home has the primary bedroom suite with a full bathroom on the main floor, making?this home versatile?for many lifestyles. As you approach this stately home you'll appreciate how it was expertly designed to integrate with its natural setting while boasting views of Mount Nittany to the North & a wooded oasis to the South. For outdoor lovers, Cedar Run is just across the road where you catch trout fishers enjoying nature. Heading inside, this Northeast-style home captures natural lighting with its abundance of windows & skylights aligned with its two-story ceilings. No matter where you are on the main floor the free-flowing kitchen, dining, and family rooms in this home bring the outdoors inside making it great for entertaining. The solid hardwood flooring is laid throughout the main floor with two wood-burning fireplaces one having floor-to-ceiling native limestone and the other with a custom wooden mantle. The two second-floor bedroom suites each have their own entrances giving separation and privacy. The lower level has walkout double doors that give the family room, 4th bedroom, and full bathroom natural lighting & easy access outside. This lower-level design could be easily converted into an independent living space for inlaws, or an elaborate place for entertaining. The coal/wood stove would make this space ultra cozy during the winter months! Other must-see features?are the screened porch/breezeway, which is a wonderful spot to enjoy your morning coffee and watch the wildlife eat apples in your front yard or listen to the water feature in the back. This space leads to an oversized 2-car garage with a walk-up 2nd floor that has so many possibilities - a workshop, hobby room, or an apartment with rental income. Another bonus to buyers, the roof and skylights were just replaced in 2022. All the small, thoughtful details of this home must be seen in person to be fully appreciated, so call to schedule your private tour today. Only pre-approved buyers will be approved for showings, contact your agent for details.
Property Information
Lot Size
7 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
PACE2508080
Location
Address
311 Cedar Run Road
City
Boalsburg
State
PA
Zip Code
16827
County
CENTRE
Listing
Provider
Keller Williams - State College, original listing
Name
Keller Williams - State College
Phone
(814) 272-3333
Office Name
Keller Williams - State College
Office Phone
(814) 272-3333
Agent Name
Kristin O'Brien

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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.