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400 Walmere Way
Blue Bell, PA 19422
$1,999,990
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
--
Property Description
On a quiet cul-de-sac and down a long dramatic driveway, circa 1801, sits this stunning stone bank barn, with silo, on nearly 6 acres in Blue Bell. Welcome to Walmere Manor in Whitpain Township! An impeccable estate with gardens highlighted by a tranquil one-acre pond complete with a dock and fountain. This Home was transformed in 1985 into a modern residence with pristine landscaping including, lush gardens, arbor covered walking path, and a 3-stall stable for those who dream of having horses and a place to ride them! The property was expanded in 1990 with the conversion of the original silo into additional living space with sweeping views of the natural woods and pastures that surround the home. Character abounds with the preserved interior stone walls, silo and exposed wood beams and some original wide plank hard wood flooring in the master bedroom. The gorgeous views that surround the home is what will immediately grab your attention. This scenery will certainly make you feel as if you are on a vacation every day. Walk through the vintage front door, complete with its very own skeleton key, to see gorgeous hardwood floors throughout the main floor. Above are original exposed wood beams to add to the charm. A cozy office is up a couple steps to your right and to your left is a convenient half bath and the first-floor master wing! The master suite is home to a separate laundry area, full bath with soaking tub, stall shower and double vanity, as well as your very own balcony. Wake up happy every morning with these views. A spiral stair case outside of the master suite, will take you to the second floor which is home to two nice sized bedrooms with large closets and a full hall bath. Back out to the main level living room, with its extraordinarily high ceilings, a full original stone wall, which is next to sliding glass doors out to a grand two-tier deck with sprawling views of the gardens. The galley kitchen with quaint breakfast nook, has windows and skylights for tons of natural light. Plenty of storage, double wall oven and stainless-steel appliances lead you to the converted silo. This room is a must see, with windows from floor to ceiling, it is cozy and elegant all at the same time. There is a spiral stair case that leads you to two additional levels, one is a full bath and the second could be a nice bonus area for office space. There are two bonus areas on the lower level as well, when entering from the garage, which are prefect for additional storage or a work out area. There is an oversized 3-car garage with interior access and more car space in the driveway then you could ever need! This home is truly stunning both inside and out. Every inch is appointed with some small decorative touch that truly make it both unique and comforting. This home, in Wissahickon School District, is without a doubt a must see. Make your appointment today to tour this gorgeous oasis and call this piece of history your home!
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1984
MLS Number
PAMC2076016
Location
Address
400 WALMERE WAY
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
Arthur B. Herling

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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.