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1011 Walton Rd
Blue Bell, PA 19422
$2,875,000
Conventional
Property
Bedroom
5
Bathroom
8
Property Type
Conventional
Square ft
--
Property Description
Every so often a perfect home comes on the market and 1011 Walton Rd in Blue Bell is it. Nestled on nearly two manicured acres in a private 3 home gated enclave, this custom 5 bedroom home was built with the finest details throughout. It is substantial in every way, and you feel it before you even enter the home. Once you enter though, wow!Standard in THIS home are on site hardwood floors, 10 ""˜ceilings on the main floor, 9' ceilings on the second, and 8' ceilings on the 3rd and in the finished lower level, 4 gas fireplaces and dual staircases. The foyer and hallway are finished with custom millwork which continues up the front stairs. To the left is a handsome paneled office with gas fireplace. Beyond it is the timeless, contemporary living room. The grand dining room to the right of the foyer overlooks the front garden. A butler's pantry with wet bar between the dining room and kitchen helps everything flow. The kitchen will delight your inner chef with Sub-Zero and Viking appliances to help you cook like a pro. There is extensive cabinetry with space to keep everything organized. The breakfast room is centered between the kitchen, sunroom and family room. The vaulted, windowed sunroom also opens to the patio. The stunning family room is well thought out. A paneled ceiling, built-ins, gas fireplace and extensive wet bar offer everything you need for relaxing quietly or entertaining. Completing the first floor are two powder rooms and closets.The second floor has 4 en-suite bedrooms. The Primary Suite is exquisite with tray ceiling, fireplace, large sitting room/office and walk in closets. The main walk-in closet is literally a room, complemented by a dressing area/vanity, and spa-like bathroom with soaking tub, double vanity, and separate walk-in shower. The additional 3 bedrooms all have walk-in closets and full baths. A large laundry room and linen closet complete this level. The third floor offers a 5th bedroom suite or can be a fun ""pajama den""�.The lower level is fully decked out. It includes a Media Room with state-of-the-art equipment and new seating which transfer with the home. There is a gaming area, full kitchenette/bar and a separate rec room which can easily convert to a home gym. Double doors lead outside.The backyard is an oasis with a gorgeous bluestone terrace overlooking a pool and spa. It's fully enclosed for privacy, though with a 2-acre lot you're already ensured privacy.The 3 bay oversized garage is temperature-controlled and has a tiled floor. Your cars will be pampered living here too. A whole house generator provides peace of mind no matter the weather.The location can't be beat. Located near excellent public and private schools, walking trails, shopping, restaurants, and Septa. Easy access to 476,76 and the turnpike. If you drive to the shore or center city this location easily saves you 15 minutes from other parts of the district. This property literally has it all.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
PAMC2085496
Location
Address
1011 WALTON RD
City
BLUE BELL
State
PA
Zip Code
19422
County
MONTGOMERY (SOUTHEAST)
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Art Herling Team Blue Bell
Office Phone
(888) 536-0216
Agent Name
Karen Horn

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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.