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629 Cope Rd
Kennett Square, PA 19348
$499,000
Conventional
Property
Bedroom
--
Bathroom
--
Property Type
Conventional
Square ft
--
Property Description
Known as ""The Cottage on Cope Road""� this adorable 1920's cottage is full of charm and vintage details. Lovingly updated and maintained by the same owner since 2005, this property is quaint and peaceful. Due to its dual zoning - residential (County) and commercial (Township) - it offers a unique opportunity within walking distance to downtown Kennett Square. For Buyers who want the convenience of being in-town in Kennett, but want a little more room to play, garden and entertain, this is a fantastic property! Easy one-floor living provides 3 bedrooms and 2 full bathrooms, with multiple other rooms that could be used as an additional bedroom, an office, a den, etc. A generous living room with a wood burning fireplace anchors the home and is a cozy gathering spot. Off of this space, an adorable smaller room is currently set up for reading a book while taking in the view out the window. In the kitchen, the original upper cabinets and matching built-in have been repainted, but the appliances have recently been replaced for a lovely mix of old and new. A walkup attic with loads of storage and an unfinished basement complete the home. For Buyers who want to take advantage of the commercial aspect of this property, the options are plentiful. You could use the entire home for your business, or rent out some of the rooms to other tenants. A shared space for professionals would be easy to establish; with various exterior entrances, independent spaces could be created with the kitchen and a bathroom being shared. For investors and developers, the myriad by-right commercial uses offer tremendous potential. Projects of varying scope and size could be explored. A property like this doesn't often come up for sale so don't miss out on this incredible offering.
Property Information
Lot Size
-- square ft
Property Type
Commercial
Year Built
1920
MLS Number
PACT2065478
Location
Address
629 COPE RD
City
KENNETT SQUARE
State
PA
Zip Code
19348
County
CHESTER COUNTY
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Greenville
Office Phone
(888) 536-0216
Agent Name
Kyle M McKean

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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.