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26 W Old Gulph Road
Gladwyne, PA 19035
$10,900,000
Conventional
Property
Bedroom
7
Bathroom
13
Property Type
Conventional
Square ft
16410
Property Description
"Wooded Hill"- A magnificent 16,410 sq ft Estate in a premiere Gladwyne location. This stunning compound creates a tranquil retreat with architectural grandeur and over the top first class amenities. This picture-perfect property is situated on approximately 7 acres and is hidden amongst lavish greenery, stone piers, an enclosed motor courtyard, and entrance gates. This stunning compound comes with a separate newly renovated modernized Guest House with top of the line finishes. The main property has been carefully curated to mirror a modern layout and design, with Six bedrooms overall, and a 2-bedroom apartment with separate entrance. Seven gas-converted fireplaces, French doors leading to multiple terraces and gardens in nearly every first floor room, handsome millwork, intricate ceiling designs, iron staircases, and bespoke finishes are examples of the old-world grandeur. Natural light floods the rooms from the many windows throughout, showcasing the evident beauty in every room . The grandly sized living and dining rooms, the gourmet chef's kitchen with two islands, second prep Kitchen, multiple seating areas, top of the line appliances, an adjacent breakfast area, and additional den are just some of the first floor features. You'll also find a picture perfect Sunroom, first floor Billiards room complete with full bar, formal Living Room, Family room addition off the Breakfast/Kitchen area and two offices are just a few key features. The primary bedroom suite is a haven with both Yours and Mine bathrooms with spa-like amenities, as well as multiple custom closets along with a comfortable sitting space. Five - Six additional sumptuous bedroom suites between the second and third levels are tastefully decorated each with their own sitting rooms/lofts, marble bathrooms, and feature very large custom closets. A bespoke bar, exercise area, theater with lounge seating, full bathroom, and easy access to the grounds and pool are all featured in the spacious, daylit, walk-out lower level. A two-bedroom Guest suite, living room, kitchen, dining area, and bathroom are also tastefully done. A dazzling pool, pavilion, multiple stone and brick patios with impressive vistas, multiple charming stone paths are around the property, as well as outdoor landscape lighting. The property's large, level terrain makes for ideal sports fields, including a golf green with three tee boxes. The house also features a Cummins 100kw whole-house generator and a Control 4 smart home system that allows quick control of the pool, lighting, music, and security systems. Available for an additional fee is the magnificent recently renovated two-bedroom guest house situated across the courtyard and has just undergone a full renovation with top of the line modern designer finishes. Gorgeous estate grounds offer countless opportunities for views in every direction.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
1920
MLS Number
PAMC2070280
Location
Address
26 W OLD GULPH ROAD
City
GLADWYNE
State
PA
Zip Code
19035
County
MONTGOMERY (SOUTHEAST)
Listing
Provider
Name
Serhant
Phone
(732) 670-6496
Office Name
SERHANT PENNSYLVANIA LLC
Office Phone
(610) 635-9977
Agent Name
Andrea Desy Edrei

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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.