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1020 Rickert Road
Hilltown, PA 18927
$2,495,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
4960
Property Description
For the first time in over 50 years this tranquil retreat with all the elements one needs for an upscale country lifestyle, comes to market. Tucked away in Hilltown Township, Brook Hollow Farm epitomizes the Bucks County farm estate. Accessible via two entrances, the house is hidden from the road and situated on 15.4 acres, assuring privacy. Enjoy a slice of English countryside with a mid-18th-century stone manor house at its center. Views from the four-bedroom house are enchanting in every season. The main residence and barn date back to 1750 and have been researched and documented by the Heritage Foundation in Doylestown, PA. While its original sections offer a traditional floorplan with a formal living and dining room, later additions are designed to take advantage of the views and indoor-outdoor flow for warm weather entertaining. The formal living room is bright and airy with 8 windows and double glass doors to the outside along with a mantled fireplace. The formal dining room boasts a huge walk-in fireplace with Bee Hive baking oven inside. The family room is lined in windows and has French doors that open to a large slate patio with pasture and stream views. Ever-blooming gardens come to life each Spring and provide color all season. A rich bookshelf lined library with glass doors opens to a solarium overlooking the pond and pastures. The open country kitchen with island has custom pine cabinets and top of the line designer appliances. The kitchen opens to the warm and inviting family room will walls of windows, wood burning fireplace, and a casual dining area well designed for entertaining. Private quarters include four bedrooms and 3 baths. The main bedroom suite provides a large sitting are with gas fireplace, office space, his and her walk-in-closets, and updated bath with radiant heat floors, soaking tub and shower. There is pumpkin pine floors throughout the house and door hardware is solid brass by Ball & Ball. Additionally, this pristine setting includes an 8’ deep spring fed pond with fountain and stone spring house sitting next to the Pleasant Spring Creek. Most of the 15.4 acres is fenced for horses and includes professional hard scape of dry laid stone retaining walls and PA slate patios. The large bank barn was originally constructed in 1798. The ground floor is 900 SF of open space with the same above with 25’ height ceiling for storing or events. The horse stable has 6 oversized stalls with matts, Dutch doors, stacked stone wall fronts, and wash stall w hot water. Second floor is open for hay storage. The Care-Takers apartment is lovely and very livable with 2 beds 1 bath, living room, dining room and kitchen. The level below the apartment has a tack room and powder room/laundry room which services the horse barn. There is a 4-bay garage includes 3 10x20 parking bays and 1 10x30 bay with sliding door for an RV or tractor. Both the garage and home have central vacuum systems. Additionally, there are three run-in sheds for horses or livestock and a 900 SF maintenance building for tractors and tools. This property has been an active working horse farm until 1995 and all associated amenities have been carefully maintained and are fully operational. This home offers easy access to many area attractions. The farm is 2 hours to NYC, 1 hour to Philadelphia, minutes to Philly train stations and surrounded by sought after farm to table dining and shopping.
Property Information
Lot Size
15 acre(s) square ft
Property Type
Residential
Year Built
1750
MLS Number
PABU2072748
Location
Address
1020 RICKERT ROAD
City
HILLTOWN
State
PA
Zip Code
18927
County
BUCKS (NORTHWEST)
Listing
Provider
Kurfiss Sotheby's International Realty, original listing
Name
Kurfiss Sotheby's International Realty
Phone
(215) 794-1312
Office Name
Kurfiss Sotheby's International Realty
Office Phone
(215) 794-3227
Agent Name
Petrina Unger

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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.