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310 Mail Route Road
Sinking Spring, PA 19608
$1,895,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
4476
Property Description
Hosting a flourishing business for training, breeding, and showing horses, this extraordinary equestrian property is ready to go and includes a custom-built home and a huge barn with an amazing riding arena and 32 horse stalls. With an efficient and quality design, the barn offers the finest in horse keeping. The barn’s riding arena with an estimated size of 150 feet by 130 feet includes an upper-level viewing area with space for hay storage. With a number of large doors and man doors, the barn is designed for safety and ease of use. The barn provides numerous features and amenities including self-watering systems in each horse stall, a hot and cold wash stall with heated drying system, tack and feed rooms that are lava rock insulated, and a separate area for tacking up. Bordered by State Game Land, the grounds offer privacy and include a large riding ring, lots of pasture space with paddocks and horse sheds for shelter. The home and barn share 12 plus acres in the Clean & Green program. If you need more space, an additional 5.5-acre parcel also is available for purchase. The property is self-sufficient with two wells, two generators, and two septic systems serving the home and barn. The unique single-family home was designed by the seller, whose family has owned the land for more than 175 years. The home offers first floor in-law or guest quarters and four additional bedrooms on the second level, including the primary bedroom. With a patio and double decks surrounded by the peaceful grounds, the home is perfect for entertaining or hosting events like a wedding. If you have a passion for horses, don’t miss this opportunity to own an incredible, one-of-a-kind property. Schedule your private showing today!
Property Information
Lot Size
12 acre(s) square ft
Property Type
Residential
Year Built
2001
MLS Number
PABK2041946
Location
Address
310 MAIL ROUTE ROAD
City
SINKING SPRING
State
PA
Zip Code
19608
County
BERKS
Listing
Provider
Lusk & Associates, original listing
Name
Lusk & Associates
Phone
(717) 291-9101
Office Name
Lusk & Associates Sotheby's International Rea
Office Phone
(717) 291-9101
Agent Name
Anne M Lusk

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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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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.