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509 Hays Lane
Lower Gwynedd, PA 19002
$1,745,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5544
Property Description
Prepare to fall in love with this exquisite collection of architecture, design, manicured landscape and outdoor spaces set on a level secluded 1.34 acre homesite in coveted Lower Gwynedd. This charming estate home was brought to life under the artful direction of renowned architect Rene Hoffman and hand crafted by Gwynedd Custom Builders and is ready to pass along to the most discerning and sophisticated buyer. This home represents a perfect and harmonious blend of classic timeless finishes, sophistication and comfort. The end result is a property that presents in mint condition and offers turn key living like no other. Enter this fine residence through a gated and boxwood lined circular driveway. The property encompasses the main home, formal and informal gardens, blue stone patios, covered porches, pergolas, Koi Pond and enchanting cottage like outbuilding/shed that can be used for numerous purposes. Hallmarks include: Two story entry foyer with turned staircase, site finished hardwoods, Stunning main floor primary retreat with the epitome of closets and luxurious bath, remarkable millwork and built-ins, inviting fireplaces, volume ceilings, plantation shutters, solid doors, central vac, front and back staircases, generator, walk up attic and unfinished attic space on second floor just to name a few. The Great Room offers a raised hearth wood burning stone floor to ceiling fireplace surrounded by custom built-ins and popular wet bar with Sub Zero drawers, wine chiller and french doors to patio. The primary suite with doors to patio and hot tub is complemented by tray ceiling, marble surround gas fireplace, built-ins and as noted the epitome of closets with library ladder, vanity area, exquisite lighting, custom doors and inset drawers from Village Handcrafted Cabinetry, the primary spa like bath in marble offers separate floor to ceiling custom vanities. Every detail has been custom designed and curated with many enhancements during this homeowners stewardship. The chef's kitchen is a delight with professional grade appliances from Wolf and Sub Zero, warming drawer and pot filler, large center island, loads of counter space and custom tile grotto area. Savor the experience from the glassed dining area with access to patio and covered outdoor dining includes a stone chimney BBQ grilling area with stainless steel cabinets and natural stone tops, once again showcasing the seamless and uncompromised integration of indoor and outdoor living spaces that this home offers. The Living Room with bay window is vast and sophisticated the current owners thoroughly enjoy the two main floor living spaces, the flexible plan will allow for numerous ways to use this fabulous space. The main floor is complimented by a stunning formal powder room and towards the back of the home a new/updated full bath on the main level, a well equipped laundry room, mudroom with pantry area , command center, family sized built-ins / cubbies and access to the oversized 3 car side entry garage. Ascend either the back or front staircase to 4 generous sized bedrooms, the blue room with ensuite bath feels like a primary bedroom, there are an additional two bedrooms greatly sized with updated J&J bath. The fourth bedroom suite offers two rooms and full ensuite bath it is closest to the back staircase and is currently used as an upper floor den and study the options here are endless if you are looking for an in-law, au-pair suite or a great place for out of town guests, this will work out perfectly. This right sized cottage style home is full of designer finishes, extraordinary indoor/outdoor living spaces, exceptional gardens, uncompromised privacy and curb appeal galore. Enjoy its close proximity to dining and shopping destinations in Ambler, top rated Wissahickon School District and a host of highly regarded private schools. Easy commute to C.C. with nearby rail service out of Ambler. Must be seen to be appreciated and awaits just 1 Lucky Home Buyer!
Property Information
Lot Size
1 acre(s) square ft
Property Type
Other
Year Built
2006
MLS Number
PAMC2103082
Location
Address
509 HAYS LANE
City
LOWER GWYNEDD
State
PA
Zip Code
19002
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 Malvern Sales Office
Office Phone
(610) 647-2600
Agent Name
Ralph Iacovino III

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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.