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570 Penllyn Blue Bell Pike
Blue Bell, PA 19422
$1,100,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
5424
Property Description
Welcome to 570 Penllyn Blue Bell Pike in the heart of Blue Bell and the award winning Wissahickon School District. Tucked away on a private cul-de-sac and set back from the road, this custom-built colonial is situated on just under an acre of beautiful land adorned with mature trees. This updated home with exquisite stone facade home has 5-bedrooms, 3 full baths, and 2 half baths, and is completely move-in ready. The home offers generous living spaces, both inside and out, including a multi-tiered deck, a large in-ground pool, and a hot tub. Step inside to find a freshly painted interior illuminated by recessed LED lighting throughout. The grand foyer welcomes you, flanked by a formal dining room with a built-in buffet on the left and a spacious living room on the right. The vaulted family room, featuring a floor-to-ceiling fireplace, is bathed in natural light and boasts hardwood floors. The updated kitchen is a chef's dream with dark cherry cabinets, granite countertops, and a tiled backsplash. It is fully equipped with stainless steel appliances, including a 5-burner cooktop and dual ovens. Adjacent to the family room, a versatile room with new french doors and perfect for a home office awaits, complete with its own private deck overlooking the serene backyard. A conveniently located half bath is found near this room and a second half bath is located on the other side of this floor near the garage entrance. The attached oversized two car garage features loads of storage space, a newly epoxied floor, and freshly painted walls.Upstairs, the expansive master suite is a true retreat. It features a vaulted ceiling, brand new hardwood flooring, and recessed lighting. The luxurious ensuite bath has been completely remodeled with a double vanity, soaking tub, walk-in shower, and elegant champagne bronze fixtures. Down the hall are four additional spacious bedrooms, three with new carpeting and one with cherry hardwood flooring and a large walk-in closet. The hall bathroom is equally impressive with modern finishes, a brand-new tile stand-up shower, tub, and double vanity with matte black fixtures.The finished walk-out basement offers endless possibilities with new luxury vinyl tile flooring, a full bathroom, a sauna, and a gym room. Outside, the recently refinished multi-tiered deck leads to the inviting in-ground pool and hot tub. A new gazebo provides an additional outdoor living space.Situated in an idyllic location surrounded by other custom homes, this property is a special find and fantastic value with just over 5,400 sq feet of living space across three finished floors of the home. Blue Bell consistently finds its way on many lists of the best places to live in Pennsylvania with convenient access to area highways and a vibrant local restaurant scene only minutes to Ambler's main street offerings. Come see what 570 Penllyn Blue Bell Pike has to offer and schedule your showing today.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1988
MLS Number
PAMC2107064
Location
Address
570 PENLLYN BLUE BELL PIKE
City
BLUE BELL
State
PA
Zip Code
19422
County
MONTGOMERY (SOUTHEAST)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Blue Bell
Office Phone
(215) 542-2200
Agent Name
Jeffrey Palmer

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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.