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964 Tennis Avenue
Ambler, PA 19002
$1,995,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
6500
Property Description
Highly anticipated and transcending all other luxury new development in the area, TENNIS POINTE stands unmatched in design and quality. A blend of Modern Colonial and Farmhouse, these FOUR avant garde residences each offer a spacious floor plan, uniquely LUXURIOUS finishes, an entertainment-oriented finished basement and other BESPOKE details that call upon only the most sophisticated buyers. Undeniably extraordinary upon first glance, sitting atop a raised elevation is this stunning residence clad in a white facade with stone & black accents. Make your way up the pedestrian path leading to the limestone porch. Through the double doors enter the towering foyer. Notice the floors fitted with Long Leaf Acacia hardwood surrounding the stunning central staircase. On your left is the living room with an ample array of windows offering natural lighting, intricate trim work and most notably a beautiful gas fireplace, laden in floor-to-ceiling marble. Across the foyer sits the formal dining room, an accent wall brings contrast to the space. You will find a large oversized walk-in pantry as you make your way into the kitchen. The first of three main focal points of the home, the gourmet kitchen is truly remarkable with its oversized island and 42" Aster Cucine custom cabinets fitted with quartz countertops, Bertazzoni stainless steel appliances, including a pro series 6-burner gas oven/range and hood and pendant lighting. Fitted in beautiful tile you can find a mud room, leading to the side-entry door, a private study and access to the 3-car garage. Extending past the breakfast area is the great room, featuring a towering double height ceiling and a 2-story window array. Look back at the kitchen and notice the waterfall edge imbuing the homogenous space. The remainder of the main level holds a well appointed powder room and a first floor visitor suite with its own walk-in closet and private bathroom, featuring a frameless glass shower stall, double vanity and clad in majestic large format tile. Up the stairs to find an open to below loft area which bridges the bedrooms on the second level. Two bedrooms are adjoined with a jack and jill bathroom, featuring a custom floating vanity, hex tile floors and an extra deep tub/shower; all fitted with satin brass bathroom fixtures. Next you will find the laundry room with a built-in linen closet, sink and quartz countertop acting as a folding station. Across the hall is another bedroom with a large walk-in closet and en-suite bath. Through the French doors lies the primary bedroom. This second focal point of the home sets itself apart with its chandelier descending from the tall cathedral ceiling. A shiplap laden wall with sconces offers a nice touch. Enjoy a morning coffee while you stand on the oversized balcony overlooking the backyard of this beautiful estate. Making way toward the primary bath, you stumble upon two walk-in closets, fitted with custom organizer systems. No primary suite is complete without a true spa-like bathroom. Marble mosaic tile with golden inlays adorns the room. Also catching the eye is a massive double vanity with make-up table, free standing tub, walk-in shower with custom glass, diverter manipulating the rain, wall and handle head shower heads and a private water closet. The entertainment driven lower level stands as the third main focal point, featuring a media room, game room, fitness area, and a full bar with quartz counters and Samsung appliances. Yet another full bathroom presents itself in the lower level. A walkout stairs leads out to the backyard. A large interlocking stone patio sits off of the kitchen ideal for hosting summer events. Given its grand scale, the home has too many features to name, but a few notable ones include high efficiency dual zone heating and cooling with NEST thermostat controls, Andersen windows, Therma-Tru exterior doors, exterior landscape package, satin brass fixtures, square trim LED recessed lighting and more.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2024
MLS Number
PAMC2094292
Location
Address
964 TENNIS AVENUE
City
AMBLER
State
PA
Zip Code
19002
County
MONTGOMERY (SOUTHEAST)
Listing
Provider
RE/MAX Elite, original listing
Name
RE/MAX Elite
Phone
(215) 328-4800
Office Name
RE/MAX Elite
Office Phone
(215) 328-4800
Agent Name
Maxim Shtraus

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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.