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2056 Pony Trail Drive
Newtown Square, PA 19073
Mike Reyman with EXP Realty, LLC, original listing - (888) 397-7352
$1,795,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 2
Property Type
Conventional
Square ft
4326 Square Feet
Property Description
LIVE, WORK, PLAY, ENTERTAIN, RIDE and RELAX in this beautiful sprawling home and 7.65 acre horse farm. A well-appointed sanctuary, with all the conveniences that make this home the perfect place to ….HAVE IT ALL! Situated at the end of a cul de sac close to Radnor Hunt and Ridley Creek State Park, this home offers peace, privacy, AND luxury, without sacrificing convenience. A 2-story, light-filled entryway offers a grand welcome and, as you move from room to room, you’ll find both finishing touches and views that will help you leave the pressured world behind. A large, bright GOURMET KITCHEN provides the convenience of sitting at the oversized center island to have a quick bite, or preparing meals for large group gatherings. Two sinks, two dishwashers, and two ovens, with granite countertops, a large pantry and a built-in desk area. Conveniently off the kitchen, find a back hallway with the first of 3 laundry rooms, a full bath, and a side door leading to the patio and pool with spa. From the kitchen, head into the formal dining room with stone fireplace and built-ins, to enjoy dinner with family or guests. To unwind, head into the great room, with vaulted ceilings and its own fireplace, complete with a custom wood and copper mantle. Follow the first floor MAIN HALL to step down to a sunken DEN for quiet conversation near another stone fireplace. Open French doors to a large SUNROOM with vaulted ceiling, radiant heat and large glass doors leading outside. This room offers extra space to use as you wish - a fun playroom, a peaceful yoga space or create an art studio. Tucked away behind the den, you’ll find a small custom powder room and step down yet again into the GAME ROOM! Built in bar and a pool table (that remains with the house) still leave plenty of room for extra seating or additional game tables. Continue back through the main hall to the PRIVATE OFFICE, mudroom and attached garage entry. Office has large windows, separate climate control and doors to both the hallway and to the backyard. A perfect work-from-home sanctum. The second floor boasts a primary suite with bedroom, walk-in “California” closet, bathroom with separate sunken tub, stone shower, and custom carved-wood vanities, as well as an extra area that can be used as a 2nd office, dressing room, or meditation space. Down the hallway are 4 more spacious bedrooms (one with its own en suite full bath), another full bath, as well as 2nd floor laundry room. Head outside to your animal's new home! The spacious, 6-stall, Mennonite-built barn is beautifully outfitted to host horses and goats. As a bonus, you’ll find a run-in shed, separate goat pasture, and a chicken coop. Additionally, this barn offers the conveniences of a heated Tack room, its own powder room AND the 3rd Laundry area! Storage cabinets with granite counters, wash stall with drainage, feed bin stall, auto fly-spray, and a pair of “Big Ass” brand fans. Each stall has automatic water refill and access to the small pen and then out to pastures. There is easy access to miles of trail riding at Radnor Hunt, Ridley and the Okehocking Preserve. And, if you are not busy enough with family and furry friends, this home is a gardeners paradise, with multiple raised beds ready to host your favorite plants or vegetables. Come see how this home has it all!
Property Information
Lot Size
7 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1966
MLS Number
--
Location
Address
2056 PONY TRAIL DRIVE
City
NEWTOWN SQUARE
State
PA
Zip Code
19073
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(888) 397-7352
Office Name
Office Phone
(888) 397-7352
Agent Name
Mike Reyman
Agency Phone
(888) 397-7352

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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.