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707 Canterbury Lane
Villanova, PA 19085
Maxine Goldberg with BHHS Fox & Roach Haverford Sales Office, original listing - (610) 649-4500
$8,500
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 1
Property Type
Conventional
Square ft
6474 Square Feet
Property Description
As you drive to the gatehouse and then enter the gated development of Wrenfield, you are impressed with the meticulous care given to the grounds and landscaping of this enclave of carriage style homes. The expansive driveway leading to a 2+ car attached Garage provides an impressive view of this 3.5 story, end unit with 5000 +sq feet of interior space . Double Wooden doors open to an amazing multi story Foyer and curved stairwell. Light floods this entry area from the entire front wall of tiers of windows. As you walk through the first level. note the 9+ ceilings and decorative onyx tile that covers the Powde rRoom floor and flows into the completely renovated GourmetKitchen and Breakfast area. However, the central feature is a fabulous Island that functions as both a work space with an inlaid cooktop and large hood, as well as a gathering spot for friends and family. Custom cabinetry, Sub Zero refrigerator and matching full size freezer, top of the line appliances and even a refrigerated wine cabinet are just a few of the special features. At the end of the kitchen is the Breakfast Area with sliding glass doors to the long patio and exceptional back yard, both level and beautifully landscaped. A full sized Dining Room and separate, spacious Family Room both feature hardwood floors andviews of the rear yard. Moving into the generous sized Living Room, you realize how perfect thisspace is for entertaining or just enjoying some quiet time. Taking the first flight of steps or using the elevator (which services all levels of this home) brings you to the Main Bedroom which spans the entire depth of the houseand features a cozy sitting area surrounded by windows, huge closets and a marble floored bathroom with a marble vanity , Jacuzzi tub, separate large stall shower, bidet and toilet. This bedroom opens to another room, ideal for a huge Dressing Room, surrounded by closets. It has also, in the past, been used as an additional Bedroom. Another large Bedroom, at the end of the hallway boasts outfitted closets and opens to another marblebathroom, similar in size to the main Bathroom. It too features a Jacuzzi tub, Marble vanity, stall shower and marble floors and counters. This floor plan actually can be called Dual Master Bedroom Suites. A circular stairway as well as the elevator, takes one to an extra open air room that has been used as a Study, Bedroom, Office, Yoga or Workout Space. A private full bathroom and large closet complete this very special loft area. The lowest level, dry and spacious, is also accessed by the elevator, and is finished with a largelaundry room including a Bosch Washer andDryer, wonderful Playroom with built in shelving, Bedroom, Full Bathroom, and an additional finished room. This area can easily be converted to whatever spaces you might want such as a movietheater or workout studio. Additional highlightsinclude, sophisticated security system complete with cameras inside and out, a small office just off the Kitchen and Pantry and a water softener system. Owner has Home Warranty contract on this home and tenant pays the service fee when used. Tenant also pays for elevator insurance and service contract. This very special home is available for immediate occupancy to lucky new tenants. Owner prefers multi year lease.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential Lease-Other
Year Built
1994
MLS Number
--
Location
Address
707 CANTERBURY LANE
City
VILLANOVA
State
PA
Zip Code
19085
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(610) 405-8300
Office Name
Office Phone
(610) 649-4500
Agent Name
Maxine Goldberg
Agency Phone
(610) 649-4500

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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.