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848 Tennis Avenue
Ambler, PA 19002
$1,400,000
Conventional
Property
Bedroom
4
Bathroom
7
Property Type
Conventional
Square ft
8555
Property Description
Welcome to this Mediterranean-style ranch style home nestled on a spacious 1.19 acre lot, consisting of 5214 sqft of luxurious living space with an additional 3341 sqft of finished basement area. There is an additional 1873sqft for either storage or to expand the finished area, offering versatility to suit your needs and preferences. As you enter the horseshoe driveway, you're greeted by the classic warmth of terra cotta roofing tiles and stucco exterior, accented by ornate wrought iron details and lush landscaping. The front entrance beckons with an inviting and charming courtyard and opens into a wide foyer with a view of the rear yard and pool. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating a perfect flow for entertaining guests or enjoying family gatherings. Sunlight pours in through large windows and doors bathing the space in natural light. The kitchen is a chef's dream, with clean lines and luxurious materials creating a space that is elegant as well as functional. Crisp white cabinetry, gleaming stainless steel appliances, and smooth white stone countertops reflect the light and a bit of luxury. The heart of this room is undoubtedly the expansive 14ft island. With ample seating for family and guests, it invites gatherings and conversations, becoming the hub of activity during meal preparation or casual dining. The east wing is exclusively dedicated to accommodating the 3 primary bedrooms, each featuring its own bathroom for added convenience and comfort. The unfinished master suite is a spacious retreat with bare walls and a blank canvas which invites you to unleash your creativity and transform it into the luxurious sanctuary of your dreams. The unfinished master bathroom space holds endless promise for indulgent relaxation and pampering. The new owner will have the opportunity to customize the layout to suit their preferences and lifestyle. With vision, creativity, and a touch of inspiration, this unfinished space has the potential to become the ultimate haven of comfort and relaxation. The west wing is dedicated to a welcoming and private guest ensuite, generously sized laundry room with ample space for all washing, drying, and folding needs, a powder room, and a spacious and elegant dining room perfectly suited for hosting unforgettable holiday feasts and cherished family gatherings. Descending into the finished basement, you'll discover a world of possibilities. Whether it's a spacious entertainment area with home theater, fitness center, wine cellar, or a guest suite, there's plenty of room to tailor the space to your lifestyle needs. You will also find the convenience of a full bathroom as well as a powder room ensuring comfort and accessibility for you and your guests. The rear yard is an oasis for relaxation and entertaining with a 55sqft pavilion leading to a custom inground pool with spa. Whether it's hosting a summer BBQ or simply unwinding with a glass of wine at the end of the day, the additional patio area with its outdoor kitchen is the perfect place to savor your own private sanctuary. With a little creativity and imagination, you can transform this property into the perfect haven tailored to your every desire and need. It's an exciting opportunity to bring your vision to life and create a space that truly reflects your style and personality. The seller welcomes inspections, however, this home is being sold as is.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1977
MLS Number
PAMC2102646
Location
Address
848 TENNIS AVENUE
City
AMBLER
State
PA
Zip Code
19002
County
MONTGOMERY (SOUTHEAST)
Listing
Provider
Realty One Group Restore, original listing
Name
Realty One Group Restore
Phone
(484) 614-1674
Office Name
Realty One Group Restore - Collegeville
Office Phone
(484) 614-1674
Agent Name
Kelly Fleischmann

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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.