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5 Honeysuckle Court
Glen Mills, PA 19342
Stephanie MacDonald with Compass Pennsylvania, LLC, original listing - (610) 822-3356
$2,500,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
6841 Square Feet
Property Description
Stunning whole house renovation- everything on interior and exterior has been thoughtfully and COMPLETELY reconfigured and redesigned with only the finest quality luxury products. This modern farmhouse style executive estate is set on just over two acres with over 6,800 sf of custom living space. From the moment you enter the sun drenched two story foyer you will be awed by this home. The chef's kitchen is surrounded by windows and anchored by a 10 ft island. It feature a Wolf 6 burner stove with griddle and double oven, a subzero refrigerator, Bosch dishwasher, xo wine refrigerator and reverse osmosis water system. The redesigned kitchen is now open to the family room with a stone wood burning fireplace being the central focus. Pass through modern glass french doors from the family room and enter into an adjacent sun filled sitting room/office which overlooks the tranquil pool area outside. A second family room paneled in custom painted poplar moldings with a second fireplace (gas) offers another space to gather. The spacious formal dining room with custom molding completes the circular flow of the home. Off the kitchen and as you enter from the 3 car garage (with new expanded 8ft doors and epoxied flooring) find a tasteful brick floored mud/laundry room and new pantry area with beverage refrigerator drawers and an ice maker making it convenient to grab a beverage on the run. All doors on this level have been thoughtfully increased 1 foot in height to allow more light to infuse each room. Upstairs find a luxurious primary suite with vaulted ceiling, custom walk in closet and dream bathroom with radiant marble flooring, separate marble vanities, a soaking tub, and a walk in shower for two with 3 shower heads and an extensive bench. 4 more spacious bedrooms connected by two jack and jill baths complete with dolomite countertops and walk in showers are on the second floor. A second laundry room was added for convenience on this level. The walk out lower level is an entertainers paradise offering a media space with linear fireplace, full bar with dishwasher, microwave, beverage refrigerator, peninsula seating for 6 with dolomite countertops, surround sound, game area, full bath and a gym area separated by sliding barn doors. This space walks out to the outdoor oasis with surround sound including a salt water pool, hot tub and firepit providing ease of outdoor and indoor entertaining. New landscaping, exterior and interior doors, fencing, Anderson windows, James Hardie Board and exterior stone added, TimberTech decking, exterior lighting, new pool equipment with Heyward OmniLink controller, Lutron lighting and a multitude of so many other upgrades. Truly everything has been thoughtfully done to accommodate today's modern lifestyle and enjoyment of living for even the most discerning buyer. Close proximity to the fabulous restaurants and events in downtown Media and West Chester, only 15 minutes to Westtown School and Episcopal Academy and 20 minute commute to Wilmington, Delaware. Better than new construction with attention to every detail and only luxurious finishes, plus low taxes- this home is move in ready on a lovely cul de sac and must be seen to truly appreciate.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1996
MLS Number
--
Location
Address
5 HONEYSUCKLE COURT
City
GLEN MILLS
State
PA
Zip Code
19342
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(610) 822-3356
Office Name
Office Phone
(610) 822-3356
Agent Name
Stephanie MacDonald
Agency Phone
(610) 822-3356

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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.