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118 Chippendale Lane
Port Matilda, PA 16870
Greg Copenhaver with RE/MAX Centre Realty, original listing - (814) 231-8200
$1,095,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 2
Property Type
Conventional
Square ft
4260 Square Feet
Property Description
The extraordinary combination of quality and elegance that you will find at 118 Chippendale Lane is exactly what you have been looking for. This beautiful custom designed and built property not only offers all of the features that you want in a luxury home, it also offers you the entertaining paradise for family and friends with the gorgeous inground pool, full length, maintenance free rear deck that is partially covered and includes a complete outdoor kitchen and pergola. Just off of the rear deck you will love the outdoor fireplace/pizza oven while enjoying your daily staycation! The huge rear deck also includes an outdoor shower and access to the first floor half bath. Once inside of this one of a kind home, you will fall in love with the gleaming hardwood floors throughout the open floor plan on not only the first floor but throughout the second floor as well. The huge family room offers 18' ceilings, a floor to ceiling brick fireplace and lots of windows to bring in the natural light. The gourmet kitchen is a chef's dream with all of the custom cabinetry, upgraded stainless steel appliances including the double oven. All of the counter tops are granite and the spacious island gives you the option of more work space or the ability to eat-in as well. The first floor laundry includes a newer washer and dryer with a second staircase to access the second floor. The living room in the front area of the house includes a beautiful wet/dry bar with granite tops that will allow your own private use or a real plus for entertaining family and friends. The first floor also includes a wonderful owners suite with a custom designed walk-in closet and full owners bath with double vanity, whirlpool tub and large separate shower. The second floor boasts a beautiful loft area overlooking the huge family room and there are 4 additional bedrooms and 2 full bathes. 3 of the 4 bedrooms include hardwood flooring and all bathrooms have ceramic tile floors. The bonus room or 5th bedroom is very spacious and allows for many uses. This room also includes 2 skylights and high ceilings. The huge unfinished basement of this wonderful home is set up with an area that makes a great workout area or workshop. There is a half bath in the basement and there is also a stairway to the garage for ease of moving things in and out. The owner has just replaced the outdoor a/c unit in May of 2024. The sale will include all of the pool equipment as well as the child safety fence stored in the pool house. The storage shed in the back corner of the yard will also remain and there is electric to that outbuilding. Don't hesitate, you won't want to miss this extraordinary property!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2002
MLS Number
--
Location
Address
118 CHIPPENDALE LANE
City
PORT MATILDA
State
PA
Zip Code
16870
County
CENTRE
Listing
Name
Phone
(814) 231-8200
Office Name
Office Phone
(814) 231-8200
Agent Name
Greg Copenhaver
Agency Phone
(814) 231-8200

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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.