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105 Commodore Court
Philadelphia, PA 19146
$725,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
1425
Property Description
An incredible opportunity to live in a coveted three bedroom, two and half bath home with GARAGE PARKING and BALCONY in a desired location within Naval Square. Enter the unit through your private entrance, a prized feature of the Hartley models. The living and dining areas feature gleaming hardwood floors, a perfect open layout and oversized windows that fill your space with an abundance of light. The chef's kitchen showcases gorgeous wood cabinetry and stainless steel appliances, rich granite countertops, and a large breakfast bar. A tiled powder room and spacious coat closet are conveniently located for easy access. Beyond the kitchen is direct access to the private garage with ample storage space. Upstairs, the primary bedroom suite is large and features an oversized walk-in closet, a spa-like bathroom with a double sink vanity, soaking tub and separate shower. The second and third bedrooms are both generously proportioned and feature ample closet space and a large attached private balcony. A pristine white tiled bath and a spacious laundry area complete the floor. This home provides beautiful sunset views from its coveted location within the community. Amenities of Naval Square include 24-hour security, a state-of-the-art fitness center, seasonal outdoor pool, sundeck, common room, manicured gardens, picnic areas, and guest parking. Perfectly situated on a lush 20 acre park-like setting, this pet-friendly residence is just a short distance to fine dining, one-of-a-kind shopping, and world-renowned cultural destinations. CHOP, UPenn, Drexel, Schuylkill River Trail, and Rittenhouse & Fitler Squares are all a short walk away.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
2010
MLS Number
PAPH2338438
Location
Address
105 COMMODORE COURT
City
PHILADELPHIA
State
PA
Zip Code
19146
County
PHILADELPHIA (SOUTH)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach At the Harper Rittenhouse Sq
Office Phone
(215) 546-0550
Agent Name
Andy Oei

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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.