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221 S Aberdeen Avenue
Wayne, PA 19087
$5,499,000
Conventional
Property
Bedroom
6
Bathroom
9
Property Type
Conventional
Square ft
9178
Property Description
Nestled in the prestigious enclave of South Wayne, this breathtaking masterpiece presents an unparalleled living experience spread across nearly 4 acres of exquisitely landscaped grounds. Constructed in 1920 & meticulously wrapped in stone, this distinguished residence boasts a level of grandeur and refinement suited for the most discerning buyer, blending classical architecture with modern luxury in a seamless fashion. The graciously winding driveway sets a welcoming tone as it brings you to the stately property. Upon arrival, the three-story colonial architecture captures your heart with its timeless elegance and impressive stature. The majestic front-to-back Foyer immediately captures your attention, leading directly into the formal Living and Dining rooms. These spaces, notable for their deep windowsills, extensive millwork, & gleaming hardwood floors, provide a sophisticated environment for elegant entertaining and peaceful daily living. In 2000, a significant addition was carefully crafted to enhance the original structure without compromising its historical integrity. This addition includes a two-story Great Room that is a masterpiece of design and craftsmanship, featuring soaring ceilings accented by wooden beams & gleaming cherry floors that reflect the light pouring in from expansive windows. The hand-carved bar, private Office, & Full Bathroom within the Great Room offer luxurious spaces for relaxation, work,& convenience, respectively, each echoing the meticulous attention to detail found throughout the home. This architectural feat was achieved by using stone that matches perfectly with the original construction, ensuring a seamless integration that respects the estate's heritage. Beneath this grand space lies a practical yet impressive feature: a six-car Garage, providing ample space for vehicles & storage, & further enhancing the estate's blend of luxury & functionality. A grand staircase in the Foyer leads to the 2nd Floor where the magnificent Primary Suite awaits, serving as a true sanctuary. This suite includes a walk-in two-story closet suited for a king & queen, offering unparalleled storage space and elegant design to display and organize a vast array of garments and accessories. The Primary Suite also provides opulence with its luxurious appointments, & expansive Bath. Additionally, the residence includes 5 more Bedrooms & 4 full Bathrooms on the 2nd & 3rd Floors, providing ample accommodation for family & guests alike. The estate provides myriad entertainment options, allowing you to host events either formally in the elegant Dining Room and Formal Living areas or informally in the relaxed atmosphere of the Great Room & outdoor spaces. Adjacent to these spaces, the Indoor Swimming Pool area offers year-round enjoyment, brightly lit by natural light. Outdoor living is elevated by a flagstone Patio that runs the length of the back of the house, complete with an awning for shaded relaxation & a seamless connection to the natural beauty of the grounds. The meticulously maintained gardens, multiple terraces, & scenic walking paths create an ideal setting for both intimate gatherings & grand celebrations, while a champion-sized Tennis Court, allows for private sports enjoyment amidst the stunning landscape. This property, which has not been on the market for over 35 yrs, is more than just a home; it is a lifestyle offering, situated in one of the most sought-after neighborhoods of Radnor Twp. Its proximity to top-tier schools, luxury shopping, fine dining, & major transportation hubs makes it a highly coveted address. 221 S Aberdeen Ave represents a rare opportunity to own a significant & grand estate that promises a lifestyle of exceptional luxury and privacy. With its rich history, timeless elegance, & extensive amenities, this is a property that will captivate and enchant for generations to come. Discover the hidden gem of S Wayne, a truly exceptional estate that now invites a new chapter.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Other
Year Built
1920
MLS Number
PADE2066148
Location
Address
221 S ABERDEEN AVENUE
City
WAYNE
State
PA
Zip Code
19087
County
DELAWARE (COUNTY NORTH)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Wayne-Devon Sales Office
Office Phone
(610) 651-2700
Agent Name
Dana Hospodar

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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.