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401 E Mill Road
Flourtown, PA 19031
$1,450,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
3711
Property Description
Welcome to this beautifully designed and updated 4-bedroom, 4-full bath country estate home that blends historic charm with modern luxury; set back on 2.68 acres of professionally designed and landscaped grounds in Flourtown, Springfield Township. This home offers the perfect blend of tranquility, privacy and community. It is located within the Top-Rated Springfield Township Public School District with the convenience of easy access to Chestnut Hill, Center City Philadelphia, Philadelphia Airport, and major Pennsylvania highways. The center of the home is the Great Room, where a beamed cottage-style ceiling and a hand-built stone fireplace, flanked by custom cabinetry, create a spacious and cozy gathering space for family and friends. The professional chef designed kitchen is a cook’s dream, featuring an expansive custom center island with white granite countertops, gas cooktop with a retractable vent, double ovens, farmhouse sink, large pantry, and coffee bar that includes wine storage with a large built-in fridge. The home features teak hardwood floors throughout and custom window treatments. Adjacent to the great room, through customs glass sliding doors, is a large bluestone patio that offers a serene space with uninterrupted views of the gardens of flowers and heritage trees. The formal dining room overlooks the front gardens and leads to a second spacious living room with a second fireplace and large picture window overlooking the grounds. This room has access to a covered porch with ceiling fans, ideal for three-season enjoyment. A large, fenced dog run adds convenience for pet owners. Completing the first floor is an office/au pair suite/guest room with garden views, a full marble bath with heated floor, which can be easily added to the living room to create a larger private in-law suite with private entrance. Every window and patio door in this light-filled home has been thoughtfully placed to offer expansive views of the spectacular grounds. A custom staircase, illuminated by a skylight and chandelier leads to the second floor. The main bedroom, featuring a cottage-style ceiling, opens to a private deck and features a personal spa with heated floors, a 6-foot soaking tub and glass rainfall shower. Two additional bright and spacious bedrooms share a beautifully appointed marble bath, also with a heated floor. The home includes a large, finished lower-level flex room with full bath, heated floors and built-in cabinets, perfect for a movie room, playroom, home gym or guest suite. In addition, there is a separate finished large laundry and storage room. Finally, the attic space above the 2nd and 3rd bedroom is finished, insulated and well prepared for long term storage. Smart home security system.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1943
MLS Number
PAMC2105152
Location
Address
401 E MILL ROAD
City
FLOURTOWN
State
PA
Zip Code
19031
County
MONTGOMERY (SOUTHEAST)
Listing
Provider
Elfant Wissahickon REALTORS, original listing
Name
Elfant Wissahickon REALTORS
Phone
(215) 247-3600
Office Name
Elfant Wissahickon-Rittenhouse Square
Office Phone
(215) 893-9920
Agent Name
Karen Joslin

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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.