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104 Primrose Court
State College, PA 16801
$1,086,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
3523
Property Description
Welcome to 104 Primrose Court in sought-after Stearns Crossing! Currently under construction with a July 2024 delivery date, this custom-built GEM Homes modern farmhouse boasts high end finishes, nine foot first floor ceiling height, 5 bedrooms, and 4.5 baths including a first floor bedroom/office and full bath with a tiled shower, frameless glass door, custom cabinetry and quartz countertop. Plentiful oak hardwood flooring with a rich stain flows throughout the main floor, stair treads, upstairs hallway and master bedroom. The impressive chef's kitchen features custom, handmade solid-wood white mission style cabinetry with upper glass cabinets stretching to the ceiling, a large walnut island with a breakfast bar, quartz countertops, Bosch and GE Profile stainless steel appliances including a 36" 5 burner gas cooktop and a double oven, a beverage fridge, a tiled backsplash, and undercabinet, pendant & recessed lighting. But wait, there's more! The large walk-in pantry boasts a mix of custom Amish-made cabinetry, solid shelving, and quartz countertop. The sizable dining room with crown molding, chair rail, and half walls with columns is perfect for entertaining, while the expansive family room with abundant windows, recessed lights, ceiling fan, gas fireplace with stone hearth and walnut mantle, and built-in window seats with walnut tops is great for relaxing or entertaining. Enjoy sitting in the sunroom while taking in views of the spacious backyard and mature tree line. Upstairs, your generous owner's retreat boasts his and hers walk-in closets and a beautiful luxury bath with a furniture grade white oak double sink vanity, shiplap accent wall, quartz countertop, metal framed mirrors, a free-standing soaking tub, and a large tiled shower with a frameless glass door, rain shower head, hand-held sprayer, and a bench. The well-appointed second floor laundry room boasts custom cabinetry with a utility sink, quartz countertops, and a tiled floor. Three ample sized bedrooms and two additional full baths with Amish-made cabinetry, quartz countertops, tile floors, and tiled tub surrounds complete the second floor. The oversized two car garage provides hobby space and a utility sink while the mudroom has a built-in bench and large closet. The upgraded separate gas HVAC systems provide total control and comfort throughout the house. Downstairs, the unfinished basement has a finished staircase with oak treads, nine foot ceilings, an egress window and full bath pre-plumbing for future finishing. Relax on the front stamped concrete porch, gather on the rear stamped concrete patio, or have fun in the half acre flat lot. Additional features are a mix of black and brushed nickel bath, door and light fixtures, black metal railing balusters, solid core doors, solid closet shelving, framed bath mirrors, and tiled shower and tub surrounds throughout. A short walk to Fogleman Fields and Spring Creek Elementary, and not far from Spring Creek Park provide for plenty of recreation. Conveniently located close to Penn State, Mt. Nittany Medical Center, downtown State College and the mall area, yet tucked away in a quiet part of town.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
PACE2509122
Location
Address
104 PRIMROSE COURT
City
STATE COLLEGE
State
PA
Zip Code
16801
County
CENTRE
Listing
Provider
RE/MAX Centre Realty, original listing
Name
RE/MAX Centre Realty
Phone
(814) 280-2177
Office Name
RE/MAX Centre Realty
Office Phone
(814) 231-8200
Agent Name
Steven Bodner

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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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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.