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1035 Cedar Knoll
Newtown Square, PA 19073
Joy Ruffing with Keller Williams Realty Devon-Wayne, original listing - (610) 647-8300
$1,299,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
5919 Square Feet
Property Description
An unparalleled opportunity to own a coveted 2.3-acre property surrounded by an oasis of open space, woodlands, and meadows within Ridley Creek State Park. This impressive brick-front French Providential home is minutes from shopping and dining in Ellis Preserve and situated at the end of a quiet cul-de-sac surrounded by nature, offering ultimate privacy and breathtaking views. The property has undergone over $300K+ in professional renovations, including a fully finished walk-out basement and a completely reimagined private backyard with stunning views of the creek below, play areas for children, an English garden, firepit and a small orchard. A grand entrance awaits featuring a two-story foyer and striking curved staircase and arched rotunda. The interiors have been outfitted with designer fixtures and expertly appointed finishes, blending classic elegance with modern updates. The home has hardwood floors throughout and the formal living room has one of two large fireplaces within the home, custom moldings, and large French windows, with French doors opening to a bright sunroom—an all-glass retreat perfect for sitting amongst the trees with panoramic views and access to the deck. The formal dining room has elegant crown molding and leads to a spacious eat-in kitchen with views of the backyard and family room which includes the second of two wood burning fireplaces featured in the home making it ideal for both intimate gatherings and larger entertaining. The first floor also includes a private guest room with ensuite off of the mudroom. Upstairs are four additional bedrooms including the luxurious Master Suite which is a true retreat offering a private Juliette balcony, gorgeous views of the backyard, a dressing area, and two walk-in closets. The second guest room includes a vaulted ceiling, third story loft and hidden cedar closet for flexible storage, an additional home office, reading nook, crafting space or game room for children. The third and fourth upstairs bedrooms share a full bath, while the fourth bedroom features its own ensuite with built in desk and includes three walk-in closets of which one surrounds the perimeter of the room. The completely finished walkout basement adds even more living space, featuring a kitchenette, wine fridge, extra refrigerator, and versatile recreation areas. The private driveway and end-of-cul-de-sac location provide an added sense of seclusion, while the large deck offers breathtaking lookout views with a firepit over Ridley Creek State Park—a haven for rare songbirds in North America. Additional features include three of the five bedrooms feature ensuites, a first floor mudroom/laundry, a large wrap around closet on the second story, 3rd story cedar closet, loft and access to the 3-car garage Recent Renovations & Updates: New Roof (2018) Newly dug 500 Ft. Well (2018) English Garden for pollinators and orchard (2024)- Nectarine, Pears, Apple and Paw-Paw Trees Newly poured concrete pad under deck, replaced all wood support pillars and Replaced all deck planks and trellis (2024) New Visual Comfort lighting & fixtures throughout (including master bedroom & guest room) Interior & exterior brick painting Fully renovated 2nd story guest bathroom Repainted kitchen cabinets, new backsplash & appliances (2019) Finished basement (added kitchenette, wine fridge, extra refrigerator - 2019) New boiler gauge (2024) & Biannual Service Agreements Professional front yard exterior landscaping (2023) Professional backyard landscape architect & grading (2020) – natural stone retaining walls, walkways, native plantings and trees, water feature and firepit This rare and stunning retreat offers the perfect balance of peaceful living and modern convenience, just minutes from the growing shopping and dining scene of Newtown Square. A true gem in the highly regarded Rose Tree Media School District and central to numerous private schools, this exceptional home is a must-see!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1988
MLS Number
--
Location
Address
1035 CEDAR KNOLL
City
NEWTOWN SQUARE
State
PA
Zip Code
19073
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(610) 647-8300
Office Name
Office Phone
(610) 647-8300
Agent Name
Joy Ruffing
Agency Phone
(610) 647-8300

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HUD Foreclosures

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.