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715 Old Gulph Road
Bryn Mawr, PA 19010
$1,795,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
5565 Square Feet
Property Description
Impressive Tudor estate located on the quiet little segment of Old Gulph Road in a prestigious neighborhood on a picturesque 1.1-acre lot overlooking Mill Creek in Northside Bryn Mawr. Designed by Peter Batchelor and built by E. Allen Reeves in 1993, this architectural gem earned the Merit Shop Award of Excellence for superior craftsmanship and design.Arriving via the inviting circular driveway, you are greeted by the elegant front facade with stone and brick details. Enter through the grand wood front door,flanked by side panels and a transom, into a majestic center hall featuring marble floors, picture frame and crown molding, brass sconces, and a sweeping staircase with a large picture window and impressive chandelier. The grand center hall leads to the main areas of the home through double French doors.The spacious living room offers two large seating areas and a bay window overlooking the beautifully landscaped rear grounds'ideal for a piano. It includes an elegant crystal ceiling fixture, hardwood floors, crown and picture frame molding, and an exquisite gas fireplace with a marble surround and detailed mantel. A single French door leads to a cozy turret-shaped study with built-in bookcases, cabinetry, and a corner gas fireplace.On the opposite side of the center hall is the formal dining room, featuring a triple bay window, crown molding, chair rail, hardwood floors, and a butler's swing door leading to the kitchen. The stunning kitchen boasts a large center island with granite countertops, custom maple cabinetry, a tile backsplash, a bronze nickel sink and faucet, and striking pendant lighting. Top-of-the-line appliances include a newer Cafe by GE smart wall oven with convection, a separate microwave, a Thermador gas range with six burners, a Sub-Zero refrigerator and freezer, and an instant hot water dispenser. The kitchen opens to a charming breakfast area with door to the expansive wraparound deck and a comfortable family room with hardwood floors, an enclosed iron gas fireplace, built-in bookcases, a flat-screen TV, and a magnificent built-in fish tank. A large rear coat closet, a separate pantry room with cabinetry, and a private powder room with marble flooring and a Kohler pedestal sink complete this area.The second floor features a sizable primary suite with an inviting sitting area, arched ceiling, and a circular stained glass window at the top of the staircase. The primary bedroom includes a cathedral ceiling, a gas fireplace with a traditional wood mantel and brass sconces, a ceiling fan, and triple bay windows. The attached primary bath offers cathedral ceilings, double vanities, a glass door shower with windows, a large jacuzzi tub, and access to a dressing area with two large customized walk-in closets. The second floor also includes two generously sized bedrooms with ample closet space and a spacious hall bath with a tub and shower, vanity, and built-in cabinetry.A staircase from the rear hall leads to the third floor, which features two cozy bedrooms and a hall bath with a tub and shower combination. The finished daylight walkout lower level offers additional living space with a large recreation room, a door to the outside patio and rear grounds, a separate au pair suite with a full bath and stall shower (which could also serve as a home office), and a large laundry room with built-in cabinetry and sink. This level also provides access to the three-car garage.This exquisite home is offered at an exceptional price and is just minutes from the Bryn Mawr train station and the town of Bryn Mawr, known for its shopping and restaurants.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Other-Other
Year Built
1993
MLS Number
--
Location
Address
715 OLD GULPH ROAD
City
BRYN MAWR
State
PA
Zip Code
19010
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(610) 348-7835
Office Name
Office Phone
(610) 651-2700
Agent Name
Ady McGowan
Agency Phone
(610) 651-2700

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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.