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734 Pine Ridge Road
Media, PA 19063
Elizabeth Newcomb with RE/MAX Main Line-Paoli, original listing - (610) 640-9300
$1,225,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3, ½: 2
Property Type
Conventional
Square ft
4759 Square Feet
Property Description
Welcome to this custom built beauty featuring amazing vaulting ceilings, a lovely open floor plan,  gourmet kitchen, large pool, fully finished basement and so much more! Located in Media, just minutes from the ever-growing downtown in Wallingford-Swarthmore school district, this is a 4 bed (double master), 3 full, 2 1/2 bath home. Enter from front porch into the grand foyer where you will be welcomed w/ a 2 story ceiling open to the front sitting room, and a view straight through to the back of the home from the sitting room to dining to kitchen, family room all the way to the foliage in Smedley Park. As you will find throughout your tour, a lot of this main level is multi functional allowing you to arrange rooms and furniture in multiple ways custom to your family's needs. This front room has a wall of windows out to the front as well as an elegant wall of mirrors making the already large space appear even larger. This is wonderfully open to the dining room where you can easily fit a table fit for 10 w/ space to expand. Separating this front space and the back of the home is the incredible staircase. Custom with tile treads, 36" wide, and a landing that looks over the sitting room. Continuing into the home you will see the expansive gourmet kitchen with a 9' island, a Wolf double oven & 36" gas stove top, subzero fridge and side bar with double drawer refrigerators and pantry space. There is little to be desired here w/ the ample cabinetry/counter space. This eat-in kitchen is so welcoming I bet you can smell the gravy cooking! This again opens up to vaulted ceilings in a cozy living room w/ wood burning fireplace & stone surround. The space just floods w/ natural light from all the windows not only here but expanding out into what is now being used as an additional sitting room. W/ windows on 2 full walls of the room & a door that leads out to the trex deck. This room looks out over the backyard and connects not only to the main portion of the home but also to the first floor master (1 of 2). This bedroom w/ ensuite is perfect for generational family living, or even a home office/playroom. The ensuite is large w/ a jacuzzi tub, & stall shower. There is a walk-in closet in the room too. The hallway on other side of room leads to not only the powder room on this level but down to the laundry room which serves as a mudroom off the 2 car+ garage. Up the grand staircase you will be pleasantly surprised by a nice big foyer/hallway. Sprouting off this space is a primary bedroom, 2 add bedrooms, a walk-in cedar closet and hall bathroom. The primary bedroom off the back of the home is a beauty. It is flooded w/ natural light & large enough for any size furniture. From the main space you walk through the walk-in closet/dressing room. Beautiful custom closet w/ dressing/make-up table & end in the primary bath. Double vanities w/ tons of storage/ counters & a tiled shower. The 2 add bedrooms on this level are plenty large w/ ample closet space. Rounding out this level is the walkin cedar closet, perfect for seasonal clothing and the full hallbathrom with tub/shower combo & laundry shoot to laundry below! Lastly, the walk-out lower level is an entertainer's dream. Equipped w/ a living space that opens up to the patio/pool level, a large office w/ powder room, a gym, and 2nd kitchen. The 2nd kitchen is wonderful for large parties. Here you will find a Viking 6 burner range, 2nd fridge, tons of space for prep. The french doors open up to the back covered patio & the beautiful fenced in pool. The pool, w/ vinyl liner, is just lovely throughout the summer months! Plenty of space for grilling, entertaining & relaxing around the pool. Just beyond the fence is still a large backyard & shed bordering Smedley Park. So many amenities + location, while in a quiet neighborhood, is close to major routes, mins to downtown Media, parks & so much more. Welcome Home!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1992
MLS Number
--
Location
Address
734 PINE RIDGE ROAD
City
MEDIA
State
PA
Zip Code
19063
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(610) 620-4457
Office Name
Office Phone
(610) 640-9300
Agent Name
Elizabeth Newcomb
Agency Phone
(610) 640-9300

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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.