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10 Latham Park
Elkins Park, PA 19027
$775,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
3030
Property Description
Welcome to 10 Latham Park located in the enchanting and historic gated community of Latham Park in Elkins Park, established in the early 1920s (the first gated community in the state). As you enter the ornate wrought iron gate, you are greeted by a captivated wide tree-lined street adorned with custom-built beautiful homes, where every home is architecturally significant and unique. 10 Latham Park is an exceptional mid-century modern residence that was designed and built by Armond Carroll, who was a student and follower of Frank Lloyd Wright. It stands as a testament to timeless design and architectural brilliance. This home was built for Samuel Levinson who was the president of Beth Shalom Synagogue at the same time that Frank Lloyd Wright was building the synagogue. As you enter through the front covered porch and into a vestibule, you are greeting by marble flooring, a unique pocket door, and an amazing wide and long foyer that leads into spacious public rooms. Each space boasts its own unique architectural design, emphasizing mid-century motives such as floor to ceiling windows, rich wood paneling, double glass doors leading to a center slate courtyard with Panoramic views. The elegant step-down living room is bright and inviting with a handsome pattern paneled wall framed by windows on all sides. The large formal dining room features 2 corner windows and higher placed windows along the ceiling with indirect lighting above. The large eat-in kitchen is perfectly preserved with all the original mid-century features including a circular glass block table area. As you walk by the large picture window towards the step-down spacious family room, you'll appreciate the large windows on three walls, double glass doors leading to the courtyard, stone gas fireplace, and an original wet bar. The wing housing the bedrooms is located at the end of the foyer to the right. It includes the primary bedroom with an en-suite bathroom, 2 additional bedrooms, and 2 hall closets. The very spacious basement has 10 feet high ceilings, a workshop, and a door to for outside access. Original hardwood floors under carpets in all rooms with the exception of the den. The 2-car attached garage and very long driveway from the street all the way to the back of the property allows for ample parking. A must see for a buyer who appreciates a true mid- century custom built one-of-a-kind property.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1951
MLS Number
PAMC2106690
Location
Address
10 LATHAM PARK
City
ELKINS PARK
State
PA
Zip Code
19027
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 Jenkintown Home Marketing Ce
Office Phone
(215) 887-0400
Agent Name
Yael Milbert

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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.