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20 Brooks Bend Drive
New Hope, PA 18938
$1,595,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
6010
Property Description
Located in Bowmans Tower Farm, just minutes away from the quaint river towns of New Hope, Lambertville and Washington Crossing is this magnificent custom home. Recently refreshed with new paint, new walnut floors, premium light fixtures, and beautiful moldings throughout, the home itself is a true gem. An open floor plan facilitates a modern lifestyle, while volume ceilings and large windows provide an airy and bright feel. As soon as you step inside, you’ll immediately notice the stunning hardwood floors and the striking grand staircase with wrought iron balusters. An inviting dining room with a new decorative accent wall provides great space for hosting celebrations and holidays. Ideal for entertaining, a convenient butler’s pantry leads to a gourmet kitchen equipped with everything you need: high-end stainless appliances, walk-in storage pantry, granite countertops and a 2-tier island with seating. Filled with a natural abundance of light, the 2-story breakfast area is surrounded by windows and has access to the newly installed maintenance free deck. Adjacent to the kitchen is the sizeable gathering room with new gas fireplace and a wall of windows overlooking the picturesque woodland buffer. A study tucked off the great room offers a private refuge inside and access to a tranquil, side porch overlooking the gardens. Completing the main floor is a music room, a bonus room which could be used as an additional office, craft, or wine room, a spacious mud room, and a newly updated half bath. Head upstairs via the main or rear staircase to a large overlook enjoying the view of the rooms below. The main bedroom suite offers a sitting area, enormous walk-in closet, and spacious main bath complete with sauna. Two additional bedrooms, one with its own sitting area, share a full bath with dual vanities and a third bedroom enjoys access to an adjoining full hall bath. A spacious, sunlit, fully finished walkout lower level adds to the entertainment space and offers a full bath, bonus room, ample storage and access to the rear patio. Additional home amenities include a 3 car garage, 45KW whole house generator with automatic transfer switch, integrated sound and lighting system, and Tesla chargers on a beautiful nearly 2 acre lot. Easy access to shopping and dining in Newtown and New Hope and commuting to Princeton, NYC and Philadelphia. Walking distance to Bowman’s Tower Park, Wildflower Preserve and Bowman’s Tavern. All of this in award-winning Council Rock School District. Just move in and enjoy!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2001
MLS Number
PABU2058740
Location
Address
20 BROOKS BEND DRIVE
City
NEW HOPE
State
PA
Zip Code
18938
County
BUCKS (SOUTHEAST)
Listing
Provider
Jay Spaziano Real Estate, original listing
Name
Jay Spaziano Real Estate
Phone
(215) 493-1220
Office Name
Jay Spaziano Real Estate
Office Phone
(215) 493-1220
Agent Name
Jay Spaziano

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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.