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221 S Aberdeen Avenue
Wayne, PA 19087
Dana Hospodar with BHHS Fox & Roach Wayne-Devon Sales Office, original listing - (610) 651-2700
$4,750,000
Conventional
Property
Bedroom
6
Bathroom
Full: 7, ½: 2
Property Type
Conventional
Square ft
9178 Square Feet
Property Description
Positioned in the esteemed enclave of South Wayne, the majestic three-story colonial estate at 221 South Aberdeen Ave stands as a testament to architectural beauty and sprawling luxury across nearly four acres of meticulously landscaped grounds. Erected in 1920 and encased entirely in authentically matched stone, this distinguished property not only presents an exquisite living space but also a rare opportunity with a potential 1.242-acre sub dividable lot, offering versatility for future development or expansion. As you traverse the elegantly winding driveway, the stately presence of this three-story colonial marvel captures the essence of timeless elegance and substantial stature. Entering through the majestic front-to-back foyer, guests are greeted with an immediate view of the sophisticated living and dining areas, marked by deep windowsills, extensive millwork, and gleaming hardwood floors that echo the charm of yesteryear with modern finesse. The grandeur extends into the 2000 addition that integrates seamlessly with the original structure, featuring a two-story great room that embodies the pinnacle of design excellence. This room is highlighted by soaring ceilings with wooden beams and cherry floors that radiate under the influx of natural light. A hand-carved bar, private office, and a strategically placed full bathroom within this space ensure that both relaxation and functionality are catered to with luxurious ease. The architectural continuity is flawless, with stone that perfectly matches the original building, preserving the estate's historical integrity while enhancing its contemporary appeal. Adjacent to the living room, an indoor glass-enclosed swimming pool offers a spa-like retreat amidst lush greenery, creating a serene environment that blends relaxation with the beauty of nature. The pool area, with its soaring ceilings and tranquil ambiance, invites peaceful enjoyment and serves as a stunning focal point for both daily relaxation and elegant entertaining. The great room's lower level conceals a spacious six-car garage, which provides substantial utility space and vehicle storage, reinforcing the estate's blend of elegance and practicality. A grand staircase from the foyer ascends to the second floor, where the expansive primary suite awaits, offering a private retreat complete with a walk-in two-story closet and an opulent bath. There are 5 additional bedrooms and 4 full bathrooms, meticulously arranged to provide comfort and privacy for family and guests, each room framed by unique views of the surrounding greenery. The outdoor area of the estate is a highlight in its own right, featuring a flagstone patio that stretches along the back of the house, shaded awnings for relaxation, and direct access to the lush gardens. The grounds are an entertainer's dream, complete with multiple terraces, scenic walking paths, and a championship-sized tennis court, all set against a backdrop of stunning natural beauty. The inclusion of a potential 1.242-acre sub dividable lot within this estate presents a unique opportunity for investors or those seeking to further develop the property, whether for personal use or resale. Having remained off the market for over 35 years, 221 South Aberdeen Ave is more than a home'it's a legacy offering, situated within one of Wayne's most coveted neighborhoods. Its proximity to elite schools, luxury shopping, gourmet dining, and major transport hubs ensures its status as a highly desirable address. This property represents a rare chance to own a grand estate that promises a lifestyle of unparalleled luxury and potential. With its rich history, elegant appointments, and expansive amenities, 221 S Aberdeen Ave is poised to continue its legacy of grace and distinction for generations to come. Discover the hidden gem of South Wayne'a truly exceptional estate is ready to begin its next chapter! Seller is currently appealing taxes.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Other-Single Family Residence
Year Built
1920
MLS Number
--
Location
Address
221 S ABERDEEN AVENUE
City
WAYNE
State
PA
Zip Code
19087
County
DELAWARE (COUNTY NORTH)
Listing
Name
Phone
(610) 306-0935
Office Name
Office Phone
(610) 651-2700
Agent Name
Dana Hospodar
Agency Phone
(610) 651-2700

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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.