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10 Balmoral Drive
Chadds Ford, PA 19317
Christopher Holt with Iron Valley Real Estate Exton, original listing - (610) 561-1111
$768,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3702 Square Feet
Property Description
ALL OPEN HOUSES ARE CANCELLED- Welcome to this beautiful 4 bed, 3.5 bath, 2,832 sq ft Center-Hall Colonial with 2-car attached garage, located in the highly desirable Balmoral neighborhood in Chadds Ford PA, known for its friendly community and convenient location, right in the heart of scenic Chester County as well as the highly regarded Kennett Consolidated School District! To be noted there are actually 2 more bedrooms and a full bathroom in the basement, so this could actually be great for a family with 5 kids. This house was built on a premium interior lot with trees in the back, and it’s one of just a few flat backyards in the development because the owners were one of the first ones to buy here. As you walk in the front door you are greeted by beautiful hard wood floors and an impressive two-story entryway. To the right, through French doors there’s a first-floor office, to your left is a formal sitting room. Just off the sitting room is your formal dining room with crown molding and a large bay window. Welcome to your stunning eat-in kitchen, with tile floor, tile backsplash, all-white cabinets, granite countertops, double-sink, stainless-steel appliances, and an island with cooktop and breakfast bar. There is plenty of cabinet space and even a built-in granite-top desk which could be used as a coffee or wine bar! Also, in the kitchen there’s a slider that leads right out to your sizable back deck. Whether hanging out on the deck or in the yard, what an all-around great setup for entertaining family and friends during those summer barbecues! Just off the kitchen, it opens up into a beautiful family room with a huge bay window, more hard wood flooring, and a real wood-burning, brick-hearth fireplace, featuring built-in shelves on either side. Also, just off the kitchen is a half bath and a well-appointed laundry room that has tile flooring, cabinets, granite countertops and a sink. Heading upstairs, you’ll find your four bedrooms. The primary bedroom has vaulted ceilings, double walk-in closets, and a full ensuite which comes with radiant heated tile floor, whirlpool tub, double sinks and a standup shower. Then down the hall you have 3 other generous sized bedrooms, and there’s a full hall bath with tile floor, and a bath/shower combo. Now to the basement, which is sure to impress, as it does have 2 extra bedrooms and a beautiful full bath along with an entertainment area. The basement also has a large storage/mechanical room, with a workbench for all your do-it-yourself projects, and the basement is outfitted with a French-drain system. And there’s a level, walk-out basement egress, which is another great feature to this already amazing home. The entire yard is outfitted with an in-ground sprinkler system for the grass and lanscaping. As noted this is a nice flat yard, backing up to a wooded area, with so much usable space for fun outdoors. Close to the shops and restaurants of downtown Kennett Square and Glen Mills. Nearby are Chadds Ford Winery, Longwood Gardens, Brandywine Art museum, dog-friendly ChesLen Nature Preserve, featuring dozens of walking trails, a playground & picturesque scenery. Easy access to West Chester, Wilmington DE and the Philadelphia Airport. Close to Rt 926, Rt 52, Rt 1, Rt 202 and many other major roadways, but still tucked away from it all. Homes in the Balmoral neighborhood rarely come up for sale and this one is sure to go fast, so book your tour today before it’s gone!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1992
MLS Number
--
Location
Address
10 BALMORAL DRIVE
City
CHADDS FORD
State
PA
Zip Code
19317
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(610) 733-1829
Office Name
Office Phone
(610) 561-1111
Agent Name
Christopher Holt
Agency Phone
(610) 561-1111

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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.