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229 Gay Street
Royersford, PA 19468
$695,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
3910
Property Description
New Construction that has transformed this previously 900 ft.² home into a 3000+ ft.² retreat; includes from ground up: framework, plumbing, wiring, studs, new windows walls, roof, heating, cooling, the whole infrastructure; the works! High ceilings. 4 bedrooms plus a loft room w/ closet area to make a potential fifth bedroom or office space.. Nice size rooms. Nice large windows (panoramic view on 2nd floor) 3 full bathrooms (2 on second floor, 1 on the 1st floor. All bath areas are LED lit in the shower cubby sections, rain shower fixtures) . The master bedroom with its own private balcony, has two master walk in closets and a master bathroom. It has “his and her” sinks with illuminated mirrors and cabinets and hidden toilet water stall. Get ready to escape into serenity with a luxurious soak tub and or the additional rain shower.. Enjoy 2nd floor laundry with new top line appliances and utility laundry sink/ tub wash area. There is plenty of storage everywhere. The home is a smart home ( with a Smart Panel closet on the 2nd floor) The system in place is for mobile, tv and internet access to each room with smart heating thermostats to hook up wirelessly. Lets go down to the first floor. Enjoy open space living with a modern kitchen, granite countertops, counter Island, food preparation sink designations, wine bottle station and wine cooler, side pantry, and under cabinet lighting. Don’t forget the large deck topped with a pergola that leads out from the kitchen. The kitchen sections off a dining area as well. Then you can step right over to your double sized family/ living area where you can step down a few stairs to your huge 3/4 car garage with your own EV Electric vehicle charging station area and or space large enough to do additional entertaining / man cave. You have an additional lot in the back which can be opened up to a second driveway for additional parking. Walking up to the front, you have a nice private driveway (fenced in) and covered porch. Walk down to the finished basement with 2 large spaces for more entertainment. Egressed Windows brighten up the space.. Modern electric pump technology heating and cooling system. Heating and Cooling have 2 zones. (Basement and first floor is one, and the 2nd floor has its own). 2 Sump pump systems in basement with outside drainage system surrounding home. (All in the beautiful and desirable Spring ford school district) Come and check out this newly constructed home before it’s gone!!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1948
MLS Number
PAMC2099652
Location
Address
229 GAY STREET
City
ROYERSFORD
State
PA
Zip Code
19468
County
MONTGOMERY (NORTHWEST)
Listing
Provider
Keller Williams Realty Group, original listing
Name
Keller Williams Realty Group
Phone
(610) 792-5900
Office Name
Keller Williams Realty Group
Office Phone
(610) 792-5900
Agent Name
Auria Roman

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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.