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111 Gallagher Rd
Wayne, PA 19087
Deanna L Albanese with Devon, original listing - (888) 536-0216
$1,129,000
Conventional
Property
Bedroom
4
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
--
Property Description
SUNDAY OPEN HOUSE CANCELLED. Newer construction AND walk-to-Wayne? Yes, it's true! This 5-year-young Colonial has unparalleled curb appeal and is only available due to a job transfer. The charming front porch welcomes you, and once inside the foyer, you'll immediately notice the espresso hardwood floors and bold accent walls. The oversized living room features a gas fireplace and mantle with timeless millwork as its centerpiece. The living space flows smoothly into the dining area, where there is ample space for a large farmhouse table, and a dry bar with beverage fridge. In the kitchen, you'll be wowed by the 9ft. ceilings, many 42""� cabinets, and stainless appliances, including a 5-burner range with griddle feature. The center island has 4-person seating, pendant lighting, and a built-in microwave. The walk-in pantry is a dream. There is also a cubby area and easy access to the 1-car garage with opener from the kitchen, so unloading groceries is a breeze. A powder room completes the main level. Upstairs, the hallway and owner's suite boast the same espresso hardwood floors. Step into luxury in the owner's ensuite bath, where you'll find a tiled shower with glass doors and built-in bench, a double sink vanity, free-standing soaking tub and separate water closet. The walk-in closet is spacious with custom organization system. The 3 remaining bedrooms are all carpeted, well-sized with ample closet space, and get fabulous morning light. The hall bath has a double sink vanity and a pocket door that separates the tub/shower. A barn door conceals the 2nd floor laundry room, which has a utility sink with storage, built-in drying rack, and space for additional cabinetry. The dry, unfinished basement is currently used as a rec room, and is simply waiting for your inspiration. The tree-lined yard is level and spacious, and already has the white picket fence in place for you! There is a slate patio with access to the kitchen and the shed can house your lawnmower and gardening tools. Most of the home has custom blinds. All systems are only 5 years old, and the neutral finishes in this home can accommodate any style decor, so bring your personal touch! The current owners love taking daily walks on the Radnor Trail. They regularly pop over to the farmer's market for fresh produce, and visit DiBruno Bros for charcuterie. It is a 12-15 minute walk to the center of Wayne and .5 mile to the Strafford train station. Schedule your showing today!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1955
MLS Number
--
Location
Address
111 GALLAGHER RD
City
WAYNE
State
PA
Zip Code
19087
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(888) 536-0216
Office Name
Office Phone
(888) 536-0216
Agent Name
Deanna L Albanese
Agency Phone
(888) 536-0216

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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.