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206 Lansdowne Avenue
Wayne, PA 19087
$1,899,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
2756
Property Description
Welcome to this turn of the century Craftsman-style home situated on one of the prettiest streets located in the south side of the historic section of "walk-able" Wayne. From the moment you approach the brick and blue stone path, one will be captured by its charm and beauty. The open front porch invites you to come and relax and enjoy the peacefulness that 206 Lansdowne Ave has to offer. Built in 1900, just a few years after Wayne was incorporated into a suburban destination, this home exudes charm and character with all of today's modern conveniences. The current owner has meticulously upgraded and maintained this home to perfection. Upon entry, one is greeted by an open floor plan with a very "grand" staircases that circles up to the 2nd floor, but not before wrapping itself around a wonderful reading nook complete with gas fireplace and built window seats. The open Living Room, with additional built-in window seat flows nicely into a bright and spacious dining room with a view and access to the rear garden and the open-air kitchen. The kitchen has been completely redesigned with top-of-the-line VIKING appliances, large center island and custom white cabinetry complemented by rich dark stone counters. A rear entry features a laundry closet, a jewel box of a powder room and rear access to detached 2 car garage. One will feel like royalty ascending the main staircase that wraps around and up to the 2nd floor. The primary suite is complemented with a large walk-in closet, sumptuous marble bath, and a serene, glass enclosed sleeping porch with perfect views of the rear gardens. A 2nd bedroom with en-suite bath completes this level. The 3rd floor features 2 additional bedrooms with a Jack and Jill bath, reading nook and hidden storage room. If one so chooses, there is an additional back staircase down the first level. The entire property has been professionally landscaped with specimen plantings that will delight throughout the seasons. One enjoys this, both from in the inside through all the windows and even more so once in the yard. A beautiful brick and blue stone patio complete the backyard space, with direct access from the dining room, and is complete with built in BBQ grill, a brick, wood burning fireplace and ample seating and dining spaces. The rear lawn is spacious and could accommodate a pool. Basement is partially finished with outside access via a bilco door in addition to access to the mechanicals and good storage. This home is not to be missed.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1900
MLS Number
PADE2067616
Location
Address
206 LANSDOWNE AVENUE
City
WAYNE
State
PA
Zip Code
19087
County
DELAWARE (COUNTY NORTH)
Listing
Provider
Kurfiss Sotheby's International Realty, original listing
Name
Kurfiss Sotheby's International Realty
Phone
(215) 794-1312
Office Name
Kurfiss Sotheby's International Realty
Office Phone
(215) 735-2225
Agent Name
Diane Bryant

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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.