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108-110 Grayling Avenue
Narberth, PA 19072
$1,300,000
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
2865
Property Description
This uniquely restored and meticulously maintained Victorian home, with exceptional details, is set amid mature landscaping on an oversized lot and awaits a new owner who appreciates its incomparable features: a heated and air-conditioned four-car garage, an oversized driveway that accommodates multiple vehicles, a superb location, one block from Narberth’s welcoming assortment of shops and restaurants equal to urban amenities. Captivating curb appeal will immediately entice you to walk through the picket fence gate, up the stone path bordered by azalea bushes to a covered front porch. You then enter the impressively large front door into a two-story foyer, adorned with a crystal chandelier, decorative fireplace, and stained-glass window. The foyer leads to the sundrenched living room illuminated with oversized windows that are framed with distinctive molding. Attractive bow windows overlooking the garden brighten the dining room which is enhanced with a stylish built-in China cabinet. Pocket doors allow you to seclude the dining room from the foyer and living room. The generously sized eat-in kitchen offers seating at the breakfast bar with additional room for a table and chairs. Generous counter space (all granite) and floor-to-ceiling cabinets offer ample prep and storage space. Two interior staircases, one from the foyer and the other from the kitchen, provide easy access to the second floor. From the foyer, ascend the open and airy Victorian staircase, enhanced by two large stained glass windows, to the second floor where you will find three bedrooms. The primary bedroom features a large, walk-in, custom closet that used to be another bedroom. The second and third bedrooms each overlook the garden. Two bathrooms (one combined with the laundry room) service the three bedrooms. The lovely staircase continues to a third floor with three additional bedrooms that can be also used as a home gym, an office, a playroom, a craft room, or an au pair suite along with a large storage room featuring a tall built-in storage cabinet. The attic, insulated for energy efficiency, is accessible from the third-floor full bathroom. The home blends substantial modern conveniences with numerous antique features: an oversized, oak front door, 8 stained glass windows, wood floors throughout with decorative inlays in the foyer, living and dining rooms, 10-foot-high ceilings with oversized windows (first floor), an antique gas fireplace, and two claw-foot tubs. Extra storage is available in the unfinished basement with direct access from the kitchen and back yard. The grounds feature a white picket fence framing the front yard, adorned in the spring with daffodils and draped with clematis and roses throughout the summer. More of the garden can be enjoyed from the front porch (think morning coffee, afternoon reading, and happy hour) which extends along the entire width of the house and wraps around to the front door. Enjoy the garden from your hot tub in the seclusion of your back patio. A large, shady side yard is the perfect place for family activities or to relax in the garden’s serenity. Abundant flowers begin blooming in spring & continuing until the first frost! This coveted walkable neighborhood rarely sees a home offering so much that is also conveniently located to Narberth’s appealing downtown, including a short walk to SEPTA’s Regional Rail Line to Center City Philadelphia (3 stops to 30th Street Station) and Lower Merion’s award-winning schools.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1900
MLS Number
PAMC2095580
Location
Address
108-110 GRAYLING AVENUE
City
NARBERTH
State
PA
Zip Code
19072
County
MONTGOMERY (SOUTHEAST)
Listing
Provider
Duffy Real Estate, Inc., original listing
Name
Duffy Real Estate, Inc.
Phone
(610) 667-6655
Office Name
Duffy Real Estate-Narberth
Office Phone
(610) 667-6655
Agent Name
Holly Goodman

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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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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.