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1348 Sumneytown Pike
Lower Gwynedd, PA 19002
$2,950,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3772
Property Description
Welcome to the Owen Evans Homestead in prestigious Lower Gwynedd Township. Featuring two homes, the original stone residence circa 1710, a converted bank/ramp barn now an occupied residence with public sewer and public water, a newer horse barn, smoke house, garages, and outbuildings This amazing property is one of the four original Evans Homesteads in the area and is situated on 15.71 +-private bucolic acres containing 5 separate contiguous parcels. Although there are 5 deeded parcels, they are under one tax ID 39-00-04054-002 qualifying for preferential assessment under PA ACT-319. The beautifully pointed 5 bedrooms, 4 bath, stone farmhouse was renovated under the supervisionof renown architects Brumbaugh and Ruthrauff and still includes most of the original doors, cupboards, and beautifully crafted millwork and trim, this home, an architectural delight, set back off the main roadwith privacy, spectacular picturesque views and ready for your restoration. The Spacious bank/ ramp barn converted into a residence in 1950 features 3 bedrooms, two bathrooms accented with the ambianceof its many original barn details, an open floor plan with the stone fireplace creates a warm cozy place to sit by the fire or read your favorite book on a cold winter night. The lower grade level of the converted barn is a finished office space offers central air, public sewer and public water. The original farmhouse has a public water and on-site septic system. There is frontage on both Evans Road and Sumneytown Pike. There also are recorded easements and agreements from 1987 with the municipal authority providing for a possible subdivision scale sewer and storm water connections for your inquiry and investigation to beconfirmed. PLEASE DO NOT ENTER the property without an appointment. Conveniently located near restaurants, the train, shopping, major highways, and downtown Ambler. Sought after Wissahickon School District.
Property Information
Lot Size
15 acre(s) square ft
Property Type
Other
Year Built
1710
MLS Number
PAMC2015478
Location
Address
1348 SUMNEYTOWN PIKE
City
LOWER GWYNEDD
State
PA
Zip Code
19002
County
MONTGOMERY (SOUTHEAST)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Blue Bell
Office Phone
(215) 542-2200
Agent Name
Jane Douglass

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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.