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4127 Presidential Drive
Lafayette Hill, PA 19444
$1,159,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
4936
Property Description
European, old-world elegance abounds in this custom-built Tudor-style home, situated along the 8th hole of Whitemarsh Valley Country Club. It features a turret, a circular driveway, an exquisite backyard with an in-ground pool, two staircases, an abundance of storage, and a myriad of unique architectural characteristics. Upon entering through impressive antique Cathedral double doors, you are welcomed into the turret - a grand foyer filled with natural light. Your eye is immediately drawn to the 27ft ceiling –bordered with intricately hand-crafted inlaid wood. The focal point is the curved wrought-iron-railed staircase, ascending to the second level. From the foyer, step down into the formal living room, boasting a soaring trestle wood ceiling. The original teak hardwood floors in a herringbone pattern are in pristine condition. The centerpiece of this room is the magnificent wood-burning fireplace. Reminiscent of a medieval castle, the massive hearth is encased with an elaborately sculpted 8ft tall stone mantle, complete with a Coat of Arms. The teak herringbone-patterned floors continue into the formal dining room, illuminated by a wall of windows. The spacious eat-in kitchen flows from the dining room and has a brick wood-burning fireplace, custom cabinets, and a splendid view of the backyard. A hallway connected to the kitchen contains the back stairs leading to the second level and is flanked by a good-sized laundry room, a full bath, and storage closets. Access to the garage is located off this hallway. Adjacent to the kitchen is a capacious bi-level family room with a wet bar, gas fireplace, and backlit stained-glass inlays above the bar. Step outside through the sliding doors into a secluded haven. The in-ground pool is surrounded by a flagstone patio and is hedged with a distinctive stone wall with a built-in water fountain. A few steps up from the pool area sits a sweeping manicured lawn, overlooking the golf course. The second level highlights four bedrooms, three full baths, and two cedar closets. The primary en-suite is striking, with a wood-burning fireplace, a separate walk-in dressing room, and a 4-piece tiled bath which includes a jetted tub. The second bedroom has a tiled, 4-piece private bath. The third and fourth bedrooms are large with plenty of closet space and share a hall bath. A walk-up attic is located on the third floor, yielding a wealth of storage. The immense basement is a blank canvas, with outside access. It contains a powder room and a plethora of storage space. This enchanting property leaves an indelible impression and yearns for your personal touch with some TLC. Conveniently located to shopping, restaurants, center city Philadelphia, and all major highways. Schedule a tour today. Don’t miss an opportunity to make this house your ultimate dream home!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1976
MLS Number
PAMC2076024
Location
Address
4127 PRESIDENTIAL DRIVE
City
LAFAYETTE HILL
State
PA
Zip Code
19444
County
MONTGOMERY (SOUTHEAST)
Listing
Provider
Joseph F.X. Fasy Real Estate, original listing
Name
Joseph F.X. Fasy Real Estate
Phone
(215) 745-8500
Office Name
Joseph F X Fasy Realtors
Office Phone
(215) 745-8500
Agent Name
Joseph Fasy Jr

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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.