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401 Clairemont Road
Villanova, PA 19085
$1,275,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3985
Property Description
Presenting an unparalleled opportunity in Villanova, nestled within the esteemed confines of Lower Merion Township, this magnificent mid-century modern residence from the 1950s beckons your attention. Situated on an expansive (.80 acre) corner lot within a highly sought-after neighborhood, this property offers a picturesque setting that is sure to captivate. Let's commence with its enviable location. Conveniently located at 401 Clairemont, this home enjoys close proximity to the newly constructed Black Rock middle school, Villanova University, and the Villanova train station. The neighborhood's serene streets, characterized by gentle undulations and minimal traffic, are ideal for runners, joggers, and dog walkers. Furthermore, the Lower Merion School District bus stop is conveniently positioned directly across the street, while prestigious private schools such as Shipley, Baldwin, Agnes Irwin, Academy of Notre Dame, West Hill School, and Archbishop Carroll are all within easy reach. Now, let's delve into the home itself, which boasts an array of impressive features. Upon entry, you'll be greeted by the distinctive design elements of the 1950s, showcased in the spacious living room adorned with vaulted ceilings, expansive picture windows, and a cozy fireplace. The recently renovated kitchen is a culinary haven, featuring cedar hardwood floors, elegant shaker cabinetry, granite countertops, a central island with seating, contemporary backsplash, built-in wine rack, modern lighting and fixtures, high-end appliances, pot filler, a warming drawer, and a well-appointed desk/work area. Adjacent to the kitchen, the dining area seamlessly transitions to a large patio, blurring the lines between indoor and outdoor living spaces. Furthermore, the home boasts a professional office suite with a separate entrance that has been approved by the Lower Merion Zoning commission to function as a low traffic, minor home occupation. (This approval will be transferred to the new owner). This space could also be used as a fifth bedroom or in-law suite. The lower level presents a comfortable family room with access to a lower patio, a dedicated laundry room, a full bathroom, and a versatile multipurpose room, originally part of the garage but converted to living space for added square footage. Upstairs, you'll discover four generously sized bedrooms, including a primary bedroom with three closets and an ensuite bathroom featuring dual vanity and a spacious shower with multiple shower heads. An additional bathroom serves the remaining bedrooms, while the common hallway offers two linen and storage closets, further enhancing the home's functionality. A highlight of the property is the fully enclosed, heated indoor pool, which is accessible from an indoor passageway or outside deck. The pool area, approximately 28 x 56 in size, serves as an oasis for leisurely swims and entertaining guests. Additionally, a sizable deck adjacent to the pool provides ample space for outdoor gatherings. Notable updates to the property include brand-new patios and front walkway, as well as recently redesigned landscaping. With an unfinished basement offering ample storage space, this home offers an unparalleled living experience. Schedule your appointment today to experience the allure of this exceptional property firsthand!
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1952
MLS Number
PAMC2095934
Location
Address
401 CLAIREMONT ROAD
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 At the Harper Rittenhouse Sq
Office Phone
(215) 546-0550
Agent Name
Reid Rosenthal

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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.