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5000 Grosvenor Avenue
Bronx, NY 10471
Arlene Trebach with TREBACH REALTY INC, original listing - (718) 543-7174
$7,250,000
Conventional
Property
Bedroom
7
Bathroom
Full: 6, ½: 2
Property Type
Conventional
Square ft
14000 Square Feet
Property Description
Exceptional & Grand 7-Bd. Shingle-Style Mansion with Pool & Large, Level, Grassy Grounds This exceptional and grand 7-bedroom, Shingle-style, mansion has 6 full and 2 half bathrooms and was built in 2009. Extending over 14,000 sq. ft. on four levels, it enjoys exquisite details and luxurious amenities, including an inground swimming pool and large, level grassy back and side yards. Set on more than three-quarters of an acre, the home, designed by Robert A. M. Stern Architects, sits along a leafy street in the exclusive, private community of Villanova Heights, adjacent to Riverdale's Fieldston Historic District. The house is graced with a columned entry porch leading to a mahogany front door with glass sidelights. An impressive double-height center hall connects to a living room with a massive wood-burning fireplace, walls of windows and glass doors out to an inviting wraparound porch. The formal dining room with coffered ceiling leads through a butler's pantry to the center-island eat-in kitchen, which is outfitted with marble and granite countertops, 2 sinks, 6-burner stove, 2 dishwashers, built-in microwave and warming drawer. There is an open family room with a gas fireplace and a door out to a broad and deep back porch and steps down leading to the rear yard and pool. The main floor also includes 2 powder rooms, a large office with pocket doors and a mudroom with a walk-in closet. The second floor has 3 en-suite bedrooms, including a master suite with a sitting room, fireplace, private sunrise porch, 2 walk-in closets, master bathroom with radiant-heat floor. There is also a 2nd-floor laundry closet. The third floor has 3 additional bedrooms (one with its own gabled terrace) and 2 full bathrooms, plus a windowed office/storage room. The finished lower level includes recreation, fitness, laundry, storage and powder rooms, plus a huge family room (it's 27 by 45 ft.) with a stone wood-burning fireplace, oversized picture window and glass doors out to a brick patio and large, level south lawn. There is central HVAC and an elevator with access to all floors. The roof is natural slate. The private multi-car driveway leads to an attached 3-car garage. The property is a corner lot of approximately 0.88 acres. Conveniently located for well-known private schools (Horace Mann, Fieldston and Riverdale Country School), the vast greenery of Van Cortlandt Park, and transportation to Manhattan (including express buses and the No. 1 subway train).
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2009
MLS Number
--
Location
Address
5000 Grosvenor Avenue
City
Bronx
State
NY
Zip Code
10471
County
BRONX (WEST)
Listing
Provider
TREBACH REALTY INC, original listing
Name
Phone
(718) 543-7174
Office Name
Office Phone
(718) 543-7174
Agent Name
Arlene Trebach
Agency Phone
(718) 543-7174

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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.