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276 Abrahams Lane
Villanova, PA 19085
$2,899,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
6293
Property Description
Serene elegance abounds from the moment you arrive at 276 Abrahams Lane, as this historic gem immediately captures your heart and exudes quality and sophisticated living. Originally part of the Ardrossan estate, this magnificent 2 acre property quietly blends into its surroundings and has long been admired by many. Nestled amongst mature landscaping, this home embodies refined living and designed for those who appreciate a lifestyle of understated elegance and comfort. Years of meticulous redesign and updates have elevated this estate to a rare level of luxury and sophistication. Gleaming hardwood floors seamlessly connect the eloquent First Floor where formal and informal spaces harmoniously blend together, creating an open floor plan to be enjoyed daily and entertained in often. Understated elegance abounds and this custom home was masterfully created to capture the backyards majestic setting that will take your breath away. The stunning craftmanship can be felt room to room with an abundance of luxurious features that set it into a class of its own. Both the gracious Living and Dining Rooms feature deep windowsills and fireplaces, artfully blending into the gourmet Kitchen, Breakfast and Sitting Areas. A true chefs delight the Kitchen is highlighted by a massive teak island, brick Aga stove with custom metal hood, Miele refrigerator armoire and so much more. A lovely custom banquette provides a cozy seating area with stunning display cabinetry flowing into the adjoining Sitting Area with entertainment center. The warmth of the home continues up to into the vaulted Family Room with lacquered paneled walls providing the perfect venue for movie/tv viewing. On the opposite side of the home the most heavenly First Floor Primary Suite awaits offering a private sanctuary of comfort and luxury. It features vaulted ceilings with rustic beams that enhance the spaciousness of the room, while walls of windows flood the space with natural light and offer tranquil views of the lush backyard oasis. French doors lead directly from the suite to the Patio, perfect for easy access to your private outdoor retreat. A spa like Primary Bath with deep soaking tub, double vanities and walk-in shower gracefully connects into the most fabulous custom his and her Dressing Rooms, designed with exceptional built-ins, ensuring all clothing and accessories are neatly organized and accessible. The First Floor is completed by a lovely Powder Room and a gracious staircase leads to the Second Floor where three en-suite Bedrooms can be found. Each suite features exceptional Bathrooms and outfitted closets with a Second Floor landing providing the perfect area to relax and read a book. The Lower Level offers an additional 1,235sq ft of finished family friendly space with a sliding barn door that opens to a brand new Full Bath. The Lower Level is completed by a Laundry Room, Storage Room, and Mudroom conveniently located off of the 2 car attached Garage. The magic continues outside where flagstone tired terraces gracefully lead to the newly built salt water pool creating an exquisite centerpiece that seamlessly blends into a carpet of grass. For all sports enthusiasts, a small portion of the backyard has turf out of respect respect not to disturb the backyard oasis. Don't miss your opportunity to own 276 Abrahams Lane, which not just a residence but a prized jewel in the heart of Radnor Townships Ardrossans neighborhood.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Other
Year Built
1975
MLS Number
PADE2067476
Location
Address
276 ABRAHAMS LANE
City
VILLANOVA
State
PA
Zip Code
19085
County
DELAWARE (COUNTY NORTH)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Wayne-Devon Sales Office
Office Phone
(610) 651-2700
Agent Name
Dana Hospodar

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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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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.