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421 Woodland Avenue
Wayne, PA 19087
$1,850,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3802
Property Description
This warm and inviting 5+ bedroom, 3/1 bath Arts & Crafts style home is nestled in the heart of a coveted, walkable North Wayne neighborhood. This c.1890 property has been extensively renovated and expanded to incorporate a large Family Room near the expanded Kitchen and Breakfast Room, a very large Primary Bedroom with spacious private Bath, and many other upgrades. Gleaming new wood floors on the 1st and 2nd floor seamlessly blend the rear addition to the original home. The lower level of the addition incorporates a rare feature for historic homes' a very large basement with 8 ft. high ceilings! This unfinished space offers fabulous potential add'l living space for recreation, exercise, and more. The flagstone front walk leads to an inviting covered porch, overlooking the beautiful gardens. An extra-wide front-to-back Entrance Hall dates to a 1920's renovation and provides wonderful flow for entertaining. You'll love the large Living Room with a wall of built-ins and an amazing fireplace with Mercer tiles. Almost all windows in this home have been replaced, but the formal Dining Room still features 3 vintage leaded-glass windows. You'll love preparing meals in the bright Kitchen, with newer stainless appliances: double oven (2021), refrigerator (2022), range hood (2022) and dishwasher (2023) and extensive cabinet and counter space. The Breakfast Room is open to the Family Room and has glass doors to the rear patio and yard. A gas fireplace and cozy window bench enhance the large Family Room, which is near the convenient Mudroom, Powder Room, and main floor Laundry Room. A leaded glass window accents the staircase to the 2nd floor, where you'll find 5 spacious Bedrooms and 2 full Bathrooms. The Primary Bedroom has en suite Bath plus a very large walk-in closet and add'l closet space. The oversized Hall Bathroom has a tub/shower combo, is divided into two rooms for privacy, plus there is direct access to one of the Hall Bedrooms. Up on the 3rd floor are a Playroom and a Storage Room & both with closets, and a renovated Hall Bathroom with stall shower. The owners have taken meticulous care of this property and it shows! The 2-car Garage was expanded and widened so that it easily accommodates 2 vehicles plus bikes and yard gear. Newer systems: HVAC (2017/2018), hot water heaters (2020/2022), gutters (2022), sewer line (2023), Living Room fireplace liner (2023), front porch columns (2023), new paint in all bedrooms (2023), generator, and refinished front porch floor (2023). Enjoy a warm sense of community with neighborhood events throughout each year such as progressive dinner, holiday events, a chili cook-off, and the annual soap box derby: all organized through the North Wayne Protective Association, the oldest civic association in the country. Ideally located in a picturesque neighborhood, this home is just moments away from renowned Radnor Schools, train, shopping, restaurants, and parks in the vibrant town of Wayne. Convenient access to the Blue Route, Center City and the Airport. Don't miss the chance to make this house your home!
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1895
MLS Number
PADE2062068
Location
Address
421 WOODLAND 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
Tracy Pulos

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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.