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145 Summit Drive
Centre Hall, PA 16828
$699,500
Conventional
Property
Bedroom
4
Bathroom
7
Property Type
Conventional
Square ft
3900
Property Description
Situated atop the hill on a large private lot at the end of the cul-de-sac, this home is surrounded by farmland off the back deck, with views of the mountainside that span from sunrise to sunset. Just a short commute to State College, Lewistown, Bellefonte, or Penns Valley, this home offers you the seclusion in a prime location. Large Barn with 3-6 stalls, Tack room, 2 Hay lofts, 2 Electric fenced in pastures leading into barn, 2 water hydrants and electric. Inside the home has a large first floor master with a: 26 x 22 bedroom, his & her walk-in closets, corner jacuzzi soaking tub with jets, comfort height toilet, custom bidet, mahogany custom cabinets, comfort height custom sinks, custom tile and a corner shower stall with rain effect faucets. The master leads way to the living area. A wide entrance and double doors make moving items very easy. A separate office space could also be an additional bedroom. Formal dining area and fireplace make all the seasons enjoyable and cozy. Living area wraps out to the kitchen with a large eat in area, well-lit with natural lighting, overlooking the mountains. Custom cherry cabinets, stainless appliances, double convection built-in ovens, built-in convection microwave combo, and built-in wine/beverage refrigerator. 3 large bedrooms await the upper level, with a separate bathroom. An additional area over the garage is heated, and could be additional living area. Basement has the front half finished with custom paint, with the back half left unfinished for storage. Additional details: Brand new trex deck, custom hardwood blinds on most windows,tile/wood/carpet throughout, cathedral ceilings, bonus room over entire garage, 3-car garage, skylights, new pella hardwood double front door, new Solid aluminum clad French doors, new Bosch HVAC system with Home system, Pre-formed solid wall concrete foundation on 5.16 acres. Come take a look before this gem is sold!!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
PACE2508540
Location
Address
145 Summit Drive
City
Centre Hall
State
PA
Zip Code
16828
County
CENTRE
Listing
Provider
Keller Williams - State College, original listing
Name
Keller Williams - State College
Phone
(814) 272-3333
Office Name
Keller Williams - State College
Office Phone
(814) 272-3333
Agent Name
JOSHUA JOHNSON

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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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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.