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4713 Cedar Avenue
Philadelphia, PA 19143
$849,900
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
4216
Property Description
Welcome to the home you've been dreaming of. This University City Victorian home has been beautifully preserved and upgraded, resulting in a truly stunning property with a perfect blend of timeless charm and modern comfort. This gem has undergone a full renovation while preserving its original character, including stunning stained glass, intricate woodwork and moldings , built-in windows, fireplaces, an impressive original staircase, theater room and so much more. As you step inside the home, get ready to be impressed by the expansive and spacious living room featuring tall ceilings, recess lighting, book shelves, a bay window and a cozy working wood fireplace with the original mantel, seamlessly flowing into a dining area and the modern chef's kitchen. The kitchen boasts a grand island, tall cabinets, wine fridge, range hood and a layout designed for effortless entertaining and everyday living. Completing the main level, an essential mudroom and a convenient half bath lead to the expansive and custom deck and large backyard, creating the ideal setting for summer BBQs and outdoor enjoyment. Ascend to the second floor and discover a double door leading into the spacious bedroom or secondary living area adorned with a working fireplace and an abundance of natural light, creating a welcoming and versatile space. Conveniently situated in the middle of the hallway, a full bathroom ensures practicality and comfort for residents and guests alike. The true centerpiece of the second floor is the luxurious en-suite master bedroom, complete with a generously-sized walk-in closet, a second smaller closet and a spa-like bathroom featuring a multi-jet stand-up shower, a freestanding tub, heated flooring, a double vanity, and more. Towards the end of the wholeway, a second set of stairs provides direct access from the upper level to the kitchen, enhancing the seamless flow and functionality of the home. Step onto the bright third floor, where a skylight floods the space with natural light, creating an inviting ambiance. This floor boasts two sizable bedrooms and two smaller ones offering versatile options for an office space, library, guest bedrooms, or any other purpose that suits your needs. A full bathroom and laundry complete this level, providing convenience and comfort. Additionally, the fully carpeted and insulated attic floor presents an ideal storage solution, ensuring ample space to keep the home organized and clutter-free. The fully finished lower level presents a spacious open layout with high ceiling height and recessed lighting, providing a versatile and inviting space for a variety of uses such as another living space, gym,etc. A separate barn door leads into a dedicated home theater space, offering a touch of luxury and a perfect setting for relaxation and entertainment. This stunning home has undergone a full renovation, including brand new mechanicals, HVAC, heating, plumbing, and electrical systems. These modern updates not only enhance the home's functionality and comfort but also ensure maintenance-free living for the new owners for years to come. It's a significant investment in the long-term durability and convenience of the property. This home is situated in the vibrant and historic neighborhood of West Philadelphia near university city, celebrated for its stunning Victorian homes, picturesque tree-lined streets, and diverse community. Cedar Park is a highly sought-after area, boasting a thriving cultural scene, local businesses, and a tight-knit community. Its convenient proximity to major universities, hospitals, and institutions, coupled with its easy access to Center City, makes it the ideal location.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1925
MLS Number
PAPH2347960
Location
Address
4713 CEDAR AVENUE
City
PHILADELPHIA
State
PA
Zip Code
19143
County
PHILADELPHIA (SOUTH)
Listing
Provider
Name
Compass
Phone
Office Name
Compass Pennsylvania, LLC
Office Phone
(267) 435-8015
Agent Name
Reda Akbil

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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.