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304 Keithwood Road
Wynnewood, PA 19096
$2,200,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
5421
Property Description
One of the most splendid homes on the Main Line is now on the market. Built in 1938, 304 Keithwood Rd. is a cul-de-sac street in Northside Wynnewood, and has gone through extensive renovations and upgrades over the past 12 years, all the while maintaining so much of its priceless, original character. This stone home sits on almost an acre of land (.90) with a magnificent, terraced backyard encompassing two patios, a heated swim spa, and a level turf yard for the kids, dogs, or golfer who wants their own putting green, much of which was designed by the landscape artists at Gasper. The craftsmanship is sublime throughout, perhaps most particularly in the unbelievably grand, true Chef’s Kitchen. With a commercial-grade refrigerator and freezer, Viking appliances, including two dishwashers, double-door oven, warming/proofing drawer, a separate gas range, and multiple sinks, it also has the most remarkable private view across the back through an arched window. Enter the home through the stone portico into a spacious foyer. Follow the original hardwood floors into either the colorful private office with one of the four fireplaces in the home, or the Living Room where you’ll see another fireplace and access to one of the patios. The Dining Room and Den are next, both adjacent to the beautiful Eat-in Kitchen which you simply have to see to believe! Don’t miss the first-floor in-law suite with bedroom, full bath and kitchenette. A lovely Powder Room finishes off the first floor. Make your way upstairs to three bedrooms, including the primary suite with its massive walk-in closet (once a bedroom) and ensuite bath. Both of the other bedrooms have their own full bathrooms, and one of the bedrooms has a built-in Murphy bed. A possible 5th bedroom is on the lower level of the home. The lower level adds another 689 finished square feet to enjoy, and is beautifully finished with epoxy resin floors, yet another fireplace, a full bath, laundry, and access to the second garage and the garden room. Set in a secluded location, the house is within walking distance of various houses of worship, just minutes from schools, the train, great shopping, and restaurants. This is a very special home that's a true retreat and well worth a visit.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1938
MLS Number
PAMC2096582
Location
Address
304 KEITHWOOD ROAD
City
WYNNEWOOD
State
PA
Zip Code
19096
County
MONTGOMERY (SOUTHEAST)
Listing
Provider
Keller Williams Main Line, original listing
Name
Keller Williams Main Line
Phone
(610) 520-0100
Office Name
Keller Williams Main Line
Office Phone
(610) 520-0100
Agent Name
Dyan Nelson Blass

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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.