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1507 Fairville Road
Chadds Ford, PA 19317
Jody Vandegrift with BHHS Fox & Roach Malvern Sales Office, original listing - (610) 647-2600
$1,445,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 2
Property Type
Conventional
Square ft
4303 Square Feet
Property Description
JUST AVAILABLE! Stunning French-country home situated on a four plus acre picturesque lot on one of Chadds Ford's most bucolic and coveted addresses. The home has an enchanting curb-side presence, complete with meandering driveway, mature landscaping, welcoming front entry and arched windows. The exterior offers extensive outdoor living spaces, perfect for peaceful retreats & relaxation or grand-scale entertaining venue including covered porch accented by wood-burning fireplace, flagstone terrace, and a second-floor private balcony with newer mahogany decking, all offering eye-catching vistas. The interior is equally remarkable with a unique blend of charm, warmth, understated elegance and functionality. Welcoming Foyer features a large area with open views to multiple rooms accented by a gracious turned staircase. Living Room features a gas fireplace, a wall of built-ins with hideaway TV mount, three exposures of windows/doors with access to flagstone terrace. Lovely Formal Dining Room highlighted by illuminated built-ins, window bench and designer wallcovering. Large eat-in Kitchen offers custom 42 cabinetry, oversized island, newer wet/coffee bar highlighted by wall sconces, soapstone countertops and includes Scotsman ice maker and beverage refrigerator. Enjoy breakfast area with doors accessing patio, Commercial-grade gas cooking, newer Zephyr blower, Sub-Zero built-in refrigerator, and Bosch dishwasher. Kitchen opens to a step-down Great Room with three exposures of windows/doors, gas fireplace and access to covered porch with wood-burning fireplace. Main level also features a generously sized bedroom with an en suite bath for possible main-floor living arrangement or can serve as ideal accommodations for visiting family and friends. Two powder rooms service the main floor with a well appointed mudroom with built-in cubbies and access to a three-car garage. The second floor features the primary bedroom suite with vaulted ceilings, custom dressing area with shelving, built-in wardrobes, center island, as well as a large outfitted walk-in closet. Oversized en suite bath with radiant heat and an adjacent at-home office or sitting room with access to a private second-story balcony overlooking the grounds complete the suite. There are two additional well sized bedrooms sharing an updated Hall Bath. One of the bedrooms offers a bonus area or possible oversized walk-in closet as well as direct access to attic space. The Laundry Room is also conveniently located on the second floor. The Lower Level has been recently updated and features a large recreation room, newer powder room, bar area, egress window, and two mechanicals rooms with terrific storage spaces. This home is located in award-winning Unionville-Chadds Ford School District, offers easy access to major roadways, including Rtes 1, 202, 52 and 95 as well as endless shopping, dining, outdoor recreational and cultural destinations throughout famed Chester County, most notably the historic Village of Fairville, Longwood Gardens, Brandywine River Museum, Winterthur Museum and Gardens as well as Greenville/Centerville/Wilmington, DE. A truly unparalleled town & country lifestyle awaits the next lucky homeowner!
Property Information
Lot Size
4 acre(s) square ft
Property Type
Other-Single Family Residence
Year Built
1970
MLS Number
--
Location
Address
1507 FAIRVILLE ROAD
City
CHADDS FORD
State
PA
Zip Code
19317
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(484) 354-2474
Office Name
Office Phone
(610) 647-2600
Agent Name
Jody Vandegrift
Agency Phone
(610) 647-2600

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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.