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3505 Caley Road
Newtown Square, PA 19073
$599,900
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
1843 Square Feet
Property Description
Welcome to 3505 Caley - a beautiful 3 bedroom 2.5 bath split level ready for its new owners. Upon arrival you will appreciate the location and lot this home is situated upon. Enter into the foyer of this multi-level home and take note of the potential this home withholds. Many split levels do not have a foyer- consider this a great key feature of the home. A coat closet is located here for your guests to take off their shoes and coats and make themselves at home. This feature is typically rare in a split level home and a wonderful thing to have. The living room has a large picture window which boasts tons of natural light, a stone wood burning fireplace and hardwood floors which flow freely into the dining room. There is also a small closet that is great for storage. This room also consists of lots of natural light and is a great place for entertaining. The dining room is adjacent to the kitchen - which makes entertaining effortless. The eat in kitchen is equipped with ample storage space, access to the lower level and also an exit to the patio. Take several steps up from the living room and find three spacious bedrooms, a hall bathroom, and 2 linen closets. The primary bedroom has its own full bathroom with a tiled shower stall. All of the bedrooms have generous closet space and boast lots of natural light. There is access to the attic from bedroom number 3. The lower level is finished with panels and ready to be utilized as a great room, family room, office or lounging area- you decide. There is also a half bathroom on this level located by the exit to the rear yard- your guests do not have to go all the way upstairs. This space has lots of natural lighting beaming through the doorway and the sidelites and the windows against the driveway side. This space is a wonderful area to create a drop station/ mudroom when entering the home. Access to the 2 car garage and sub basement complete this lower level. The sub basement is another bonus in this home and another rare feature in split level homes. This space is currently unfinished but can be finished to fit your needs. The washer and dryer are located here - giving more finished living space for the rest of the home. Outside you will find this home has a large irregular shaped yard and a large driveway. The driveway can fit 3-4 cars - and there is also street parking. This home has many key features that will peak your interest. It is conveniently located near major roadways and regional rails, restaurants, schools, shopping and New Town Center. You can call it home sweet home, this fall season.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Other-Single Family Residence
Year Built
1960
MLS Number
--
Location
Address
3505 CALEY ROAD
City
NEWTOWN SQUARE
State
PA
Zip Code
19073
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(484) 432-3578
Office Name
Office Phone
(610) 353-6200
Agent Name
Kristine McKee
Agency Phone
(610) 353-6200

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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.