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3 College Avenue
Haverford, PA 19041
Robin Gordon with BHHS Fox & Roach Haverford Sales Office, original listing - (610) 649-4500
$2,500,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 3
Property Type
Conventional
Square ft
8723 Square Feet
Property Description
Welcome to 3 College Ave, an exquisite estate manor home in the heart of the Main Line. Originally a model home, this residence showcases unparalleled craftsmanship and attention to detail. Built by Manchester Hall Builders with renowned Lancaster County craftsmen. Meticulously maintained or upgraded by local family-owned businesses, this home remains in showcase condition. Entrance piers and estate fencing greet you as you approach the property. Positioned well back from the road, the home is screened by mature trees for complete privacy. A front motor court offers abundant parking. Entering through the marble-floored foyer, you are greeted by a grand front-to-rear center hall. The living room, with its coffered ceiling and gas fireplace, provides an inviting retreat. The dining room features two ceiling medallions and decorative moldings, served by a butler's pantry with a second dishwasher and beverage fridge. French doors from the center hall lead to a covered terrace with a built-in gas grill and fire pit, ideal for summer BBQs and fall gatherings. Extensive outdoor living spaces ensure enjoyment of the beautiful surroundings in every season. The spacious gourmet kitchen is a culinary dream. Appointed with a triple-tiered center island, granite countertops, double Thermador wall ovens, Sub-Zero refrigerator, and Thermador cooktop, the kitchen is both beautiful and functional. A large walk-in pantry offers ample storage. The breakfast room, featuring a vaulted ceiling and 3 walls of large windows, is bathed in natural sunlight. Adjacent to the kitchen, the family room boasts a coffered ceiling with patterned tin ceiling tiles. A fireplace with a floor-to-ceiling stone surround serves as the room's focal point, flanked by custom built-in cabinetry. The room also features a custom built-in wet bar. Glass-paneled doors open into the sunroom, seamlessly connecting the two spaces. The sunroom, with a gas fireplace, radiant heated slate flooring, and wood ceiling, also opens onto the covered terrace. Two conveniently located powder rooms provide easy access. Additional features on the first floor include a cherry-paneled home office/library with built-in bookcase and a gas fireplace, a workstation command center, and a mudroom leading to a heated and air-conditioned three-car garage with a dog shower. Upstairs, the primary bedroom suite is a private sanctuary with high ceilings, a sitting area, and hardwood flooring. The primary bathroom includes a tub, his and her vanities/sinks, a double-sided shower, and a large walk-in closet with built-in cabinetry and a center island. The second floor also has an en-suite bedroom, two additional bedrooms sharing a Jack and Jill bath, a second-floor laundry room, and a large bedroom with a private bath and sitting area, accessible via rear stairs. All rooms are extraordinarily spacious, with high ceilings and brightened by sunlight, offering breathtaking views of the grounds. Plumbing rough-in on the unfinished third floor offers potential for customization, with access provided by a dedicated staircase. The finished lower level is a haven for entertainment and relaxation, including a billiards area, den, exercise area, 1000-bottle custom temperature-controlled wine cellar, and walk-out access to the beautifully landscaped rear grounds. Surround sound systems, both inside and outside, enhance the ambiance for gatherings or family evenings at home. The adjacent separately deeded lot at 5 College Ave is also available and provides 1.6 acres of additional privacy. It currently has raised bed vegetable and flower gardens, provides space for a tennis court or pool, and accommodates valet parking for up to 30 cars. Utilities are already run underground, making it a seamless addition to the property. This home stands out as the Best of the Best the Main Line has to offer. Superior quality construction and spectacular finishes offer a luxurious and comfortable lifestyle. Taxes are under appeal.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Other-Other
Year Built
2003
MLS Number
--
Location
Address
3 COLLEGE AVENUE
City
HAVERFORD
State
PA
Zip Code
19041
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(610) 246-2280
Office Name
Office Phone
(610) 649-4500
Agent Name
Robin Gordon
Agency Phone
(610) 649-4500

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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.