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15 Kingswood
New Hope, PA 18938
$1,295,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
5084
Property Description
The beautiful design and effortless flow of 15 Kingswood Drive combine for an incredibly inviting home with numerous options for work, artistry, and entertainment. The traditional front porch columns and Juliette balcony provide just the right touch to the home's facade while adding a layer of prominence and visual interest. Reflective of the home's style and use, the entry foyer is expansive, bright, and welcoming with a sunny disposition that carries throughout the home. With so many rooms to entertain, gatherings of large families and friends become a thoroughly enjoyable experience. With a music room and attached voluminous sunroom perfectly sized for dancing, a spacious dining room, and open floor plan of kitchen, breakfast room, and family room for cooking and conversation, the entire main level offers dazzling opportunities for pure enjoyment. This is a home to be shared and filled with happy memories. In addition, the current artist/drafting studio can remain as a haven for creativity or be transformed / returned to a main level (5th) bedroom with accompanying hall full bath. The upper level primary suite is voluminous with sleeping and sitting areas and a bath that every owner will fully appreciate with its thoughtful layout and discerning use of materials. Another full bedroom en suite is just outside the primary's and, at the end of the long hall, a very special two bedroom princess suite with shared bath creates many ideal combinations and arrangements. The lower level is currently partially finished with a home gym, gaming area, and extensive storage and utility room but the exceptional and very useful surprise can be found within the oversized three car garage and that is the utility room that can be used as a workshop, potting shed, or any other creative endeavor as it is heated and has a wash sink. With its interior combination of formal and informal spaces, you may overlook the fact that the home resides on just over one acre of land with an expansive deck facing a mature wooded landscape with playful and relaxing areas alike. The property, within the premiere Kingswoods neighborhood and New Hope Borough, is just minutes from all of the restaurants, galleries, theaters, and night life that both New Hope and Lambertville have to offer. New Hope remains a preferred destination with its reasonable tax rate and highly regarded public and private schools and the historic downtown area is rated as one of the top attractions unto itself located on the banks of the Delaware River and Historic Delaware Canal. The home ideally presents itself within the gracious suburban lifestyle you seek yet is convenient to the necessities of New York City, Princeton, and Philadelphia. Its time to make fabulous Bucks County home, not just for a weekend but for a lifetime.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1994
MLS Number
PABU2065916
Location
Address
15 KINGSWOOD
City
NEW HOPE
State
PA
Zip Code
18938
County
BUCKS (SOUTHEAST)
Listing
Provider
Doylestown Regional Realty, original listing
Name
Doylestown Regional Realty
Phone
(215) 340-5700
Office Name
Keller Williams Real Estate-Doylestown
Office Phone
(215) 340-5700
Agent Name
Louise Williamson

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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.