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56 Crosby Brown Road
Gladwyne, PA 19035
$8,495,000
Conventional
Property
Bedroom
6
Bathroom
8
Property Type
Conventional
Square ft
10680
Property Description
Nestled amidst the leafy canopies of Gladwyne on Philadelphia's Main Line, this enchanting 1905 Gothic Revival manor home would appear as though it was seemingly plucked straight from the pages of an English fairy tale. With its massive stone walls, wood beams and impressive scale, this architectural gem stands as a testament to a bygone era while offering every modern comfort with details executed to perfection. On 2.8 level acres hidden along a picturesque private lane, the property offers a 4-bedroom, 5.2 bath main residence, a 2-bedroom guest cottage, garages, gardener’s cottage and beautifully designed outdoor spaces and gardens. Massive leaded-glass doors open to an interior of soaring ceilings, custom Indiana limestone floors and archways, reclaimed antique stone, leaded glass windows and doors and rich millwork and cabinetry, all working in tandem to create magnificent, captivating spaces. A great hall with massive beams supporting its 25-foot ceiling is a showstopping setting for gatherings of any size. It accesses one of three terraces that look out over the gardens and specimen trees of the rear grounds. Sunlight pours through the broad, leaded-glass window of the formal dining room. With an adjacent wet bar, butler’s pantry, wine room and enormous, well-appointed Downsview kitchen, it’s easy to imagine this home as a setting for memorable events. The Gothic elements are carried off perfectly in the kitchen, down to stunning artisan millwork and hand-molded Moorish tile backsplash. In this heart of the home, open to the kitchen, is a comfortable family room with a fireplace and access to the rear gardens. The main level is completed by a library/study with picture-window sliders to the property’s lush rear gardens. A full bath is adjacent to this room, making it a potential first-floor bedroom. A large home gym/yoga studio/flex space completes the main level. The second floor originally used as a ballroom and as such features early 20th-century, canvas-covered, hand-painted ceiling beams. This formerly festive space now contains four bedrooms, all en-suite and all with vaulted ceilings. Each bedroom has its own personality with lighting, millwork and bathrooms that speak to the home’s one-of-a-kind character. The owner’s suite feels fit for royalty, all the more so with the newly completed, sumptuous Italian marble bath. In this and other bathrooms, Sherle Wagner fixtures provide the finishing touch. Approaching the guest house, one feels as though they could be in England with the half-timbered exterior of these former stables, a perfect match for the main house. Guests can enjoy inviting, modernized living space with one or two bedrooms, sitting/dining area, full bath and kitchenette. The spacious grounds embrace nature's splendor and are a hideaway for moments of solitude. For buyers seeking a storybook setting and elegant residence less than 30 minutes from Center City Philadelphia, tour this property and see for yourself why it is a pinnacle of quality, style and privacy on the Main Line.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential
Year Built
1905
MLS Number
PAMC2087314
Location
Address
56 CROSBY BROWN ROAD
City
GLADWYNE
State
PA
Zip Code
19035
County
MONTGOMERY (SOUTHEAST)
Listing
Provider
Kurfiss Sotheby's International Realty, original listing
Name
Kurfiss Sotheby's International Realty
Phone
(215) 794-1312
Office Name
Kurfiss Sotheby's International Realty
Office Phone
(215) 735-2225
Agent Name
Franz Rabauer

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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.