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11 Crestline Road
Wayne, PA 19087
Brendan Reilly with Crescent Real Estate, original listing - (215) 510-2992
$2,850,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4, ½: 3
Property Type
Conventional
Square ft
6082 Square Feet
Property Description
11 Crestline Road is the new construction home you've been waiting for. with over 6,000 sf of finished space. This stunning home has 4,527 square feet of luxurious above grade living space, five bedrooms and four full bathrooms on the second floor, two half bathrooms on the main level, first and second floor laundry rooms, a three-car side entry garage, a flagstone patio, covered flagstone front porch, massive finished basement with 9 and 10 foot finished ceiling height, and half bathroom, and a level .69 acre lot in the desirable Strafford Village neighborhood in Wayne. A flagstone walkway, flanked by professionally landscaped beds, leads to the covered front porch with wood ceiling and a custom mahogany front door with sidelights. First floor features will include site finished white oak floors with natural finish, office, dining room with custom moldings and decorative wallpaper, formal powder room, family room with coffered ceiling and gas fireplace, walk-in pantry with custom shelving, wet bar, mudroom with custom cubbies, half bathroom, and laundry room. The gourmet kitchen will be magnificent and including custom shaker style inset cabinetry and hood, quartzite countertop, backsplash, floating shelves, and a massive center island with overhang seating. The appliance package includes a 48" built-in side by side Subzero refrigerator, 48" Wolf Range, Cove dishwasher, and a drawer microwave in the island. Adjacent to the kitchen is a breakfast room with a sliding door to the rear patio. A white oak staircase with custom newel posts and direct set balusters leads to the second floor. The primary bedroom suite is sure to impress. It includes a spacious sleeping area with vaulted ceiling, two walk-in closets with custom shelving and drawers, and a spa like full bathroom with white Carrara wall and floor tile, custom double bowl vanity, soaking tub, private water closet, and a walk-in shower with dual shower heads, seat, rain shower head, and glass enclosure. All secondary bedrooms are large with walk-in closets. Bedrooms 2 and 3 share a Jack-n-Jill bathroom while bedrooms 4 and 5 have en-suite bathrooms. Another large laundry room and hall linen closet complete the second floor. Other features include 9 foot ceilings on 1st and 2nd floor, site finished white oak hardwood throughout second floor hallway, 2-zone HVAC with Honeywell thermostats, tile in the first floor mudroom, powder room, and laundry, inside access to three car garage, ample recessed lighting throughout, cased windows and doors, high-end plumbing and lighting fixtures, Hardiplank siding with thin cut real stone, Anderson windows, and Azek exterior trim . This walk-to-Wayne home is conveniently located close to all major commuter routes, the Septa Regional Rail, shopping, dining, the Strafford Library with basketball court, new tennis courts, and playground, North Wayne Park, and is part of the top rated Tredyffrin Easttown School District. The Strafford Village neighborhood has a voluntary civic association that hosts several functions throughout the year to allow neighbors to spend quality time together. Current taxes are for the land only and the home will be reassessed by Chester County. Listing agent is a member of the LLC that owns the property and therefore has a financial interest.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2024
MLS Number
--
Location
Address
11 CRESTLINE ROAD
City
WAYNE
State
PA
Zip Code
19087
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(215) 510-2992
Office Name
Office Phone
(215) 510-2992
Agent Name
Brendan Reilly
Agency Phone
(215) 510-2992

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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.