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563 Heath Road
Merion Station, PA 19066
$1,595,000
Conventional
Property
Bedroom
7
Bathroom
4
Property Type
Conventional
Square ft
3856
Property Description
Welcome to an exceptional classic Main Line Colonial residence nestled on one of Merion Station's most sought-after streets. Beautiful corner lot with an expansive circular driveway offering ample parking for up to six cars plus an additional driveway to a two-car heated garage. Mature landscaping surrounds this home providing privacy and offering both rose and vegetable/herb gardens. The covered front door portico welcomes you to the gracious foyer with exquisite woodwork detail, beautiful hardwood floors, and the warmth of old-world charm. The expansive sized Living Room is complete with wood wood-burning fireplace, built-ins, and a large picture window. Glass double French doors on either side of the fireplace lead to a stone-floored sunroom. Surrounded by windows and abundant sunlight, this warm and inviting room faces gardens on all sides. It is the perfect tranquil place to relax and unwind and is heated for added comfort. The generously sized Dining Room has beautiful hardwood floors and an entrance to an open covered side porch for easy outside entertaining. The gourmet eat-in Kitchen with dark wood cabinetry has granite countertops and an island for additional workspace. Appliances are all stainless steel, Sub Zero refrigerator/freezer, Thermidor gas range with electric oven, built-in microwave, stainless sink with water filter, and dishwasher. There is a fabulous glass-doored built-in cupboard, room for a kitchen table, and a built-in desk with shelving. Behind the kitchen, you will find the main floor laundry room. An outside exit to the side driveway and heated two-car garage allow easy access with packages and groceries into the kitchen area. The back hallway from the kitchen to the main foyer has a built-in cabinet, entrance to the basement, powder room and leaded glass door coat closet. An additional outside entrance to the rear gardens, garage, and basketball court completes this lever. There is ample outdoor space for recreation and relaxation! The large full basement has been freshly painted with a French drainage system and plenty of shelving for storage. An open staircase leads to the second floor with hardwood flooring. At the top of the stairs, there is a small bedroom, perfect for an office or nursery, plus two generously sized bedrooms with a jack & jill hall bath with a soaking tub. One bedroom has a door to the second-floor balcony. The prime bedroom suite consists of a dressing room/closet, an updated full bath with double vanities and marble counters, and an oversized bedroom with plenty of natural light. The third floor opens to a large carpeted Family Room/Bedroom with a walk-in storage closet. An additional two bedrooms and a full bath complete this floor. Attention to detail and maintenance show clearly throughout this residence. Three-zone AC, upgraded plumbing and updated electrical, etc. Enjoy the convenience of shopping, restaurants, houses of worship, effortless commutes via Merion train station, and easy access to major highways and public transportation as well as award-winning Lower Meiron Schools.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1925
MLS Number
PAMC2105828
Location
Address
563 HEATH ROAD
City
MERION STATION
State
PA
Zip Code
19066
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 Haverford Sales Office
Office Phone
(610) 649-4500
Agent Name
Bobbi Wasserman

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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.