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43 Red Fox Drive
New Hope, PA 18938
$1,395,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
5098
Property Description
Rarely offered villa style one floor living in the heart of bucolic Solebury Township. This California Contemporary ranch offers Spanish revival architectural elements including tiled roof, central courtyard with water fountain, custom windows throughout providing natural light and private views of nature and the wooded backdrop from every room. Fantastic, redesigned space showcasing a beautiful Gourmet Kitchen with custom tiger wood maple cabinets, vaulted ceilings, 6 burner Thermador range, wine refrigerator and an oversized island that flows into a back butler’s pantry area perfect for entertaining. The great room is both comfortable and spacious, offering a cozy wood burning fireplace & large windows and doors that lead to both the courtyard and pool areas. 4 Bedrooms including a lovely primary that boasts a wood-burning fireplace, vaulted ceiling, and spacious closets. The renovated primary bath is a serene escape with a classic claw foot tub, 2 separate vanities with custom cabinetry and floor to ceiling windows. Versatile fourth en suite bedroom can serve as a perfect guest suite, au pair quarters or teen room. The finished lower level introduces additional living space and features recessed lighting, custom built-in wine storage, wet bar, recreation space, media area, half bath and walk-up access to the renovated pool. Thoughtfully designed and maintained, this home features wonderful additional amenities including a whole house generator, professional closet systems, custom cabinetry throughout, renovated back porch that includes Azek wrapped columns, trim and gorgeous limestone tile, governor’s driveway and 3 garage bays. Enjoy luxury, comfort and privacy within a neighborhood setting in New Hope- Solebury schools. Less than 5 miles to the heart of New Hope Borough and Peddler’s Village.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1978
MLS Number
PABU2069642
Location
Address
43 RED FOX 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

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.