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401 Vassar Avenue
Swarthmore, PA 19081
$749,900
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
2640
Property Description
Fall in love with the picture-perfect location and handsome exterior and impress your friends with millennial efficiency and elegant finishes inside! A beautiful slate walk leads the way to the front door of this stunning Federal Colonial. Step inside for a taste of the beautiful oak floors and soft neutral colors found throughout the home. The sweeping foyer is an elegant place to greet guests. Two double coat closets and a renovated powder room can be found in this space. The spacious living room features large windows overlooking Vassar Avenue and a decorative fireplace. A wall of built-ins provides a visual anchor to the large formal dining room. The family room addition is spacious with peaceful views of the garden through a wall of windows reaching up to the vaulted ceiling. Random width red oak floors stretch from the family room into the enormous gourmet kitchen. The creamy white cabinets, granite countertop, new subway tile backsplash, radiant heat and vaulted ceiling with skylight create the perfect ambiance for entertaining and mealtimes. High-performing appliances, including a new KitchenAid refrigerator, a 6-burner Thermador professional range and hood, and a Bosch stainless steel, integrated control dishwasher, and an entire baking center wing with a second stainless steel undermount sink, a new KitchenAid double oven, and a wine refrigerator, all add up to unparalleled function. Carry a loaf of freshly baked bread onto the screen porch, where there is plenty of space for a picnic table, and enjoy views over the secluded back garden, beautifully landscaped, with low maintenance perennials. Upstairs, the primary bedroom wing extends over half the footprint of the house. The ensuite office or nursery offers a ]double closets and a 2nd floor laundry cupboard, as well as a built-in desk and office center. The primary bedroom itself is peaceful and airy, with a vaulted ceiling, and gorgeous views over the property through a French door, which lead to a balcony. Two walk-in closets, and a linen cupboard keep the space effortlessly tidy. The primary bath features classic black and white tile, new double storage vanity, a glass door stall shower, and a door to the restroom space. The opposite wing of the second floor offers a renovated hall bath with heated radiant tile floors for use by the spacious second and third bedrooms, each with ample closets and pretty views of the garden. The full basement has one semi-finished room with built-in office furnishings. An attached 2 car garage is a major asset all year around. Comfort meets efficiency when it comes to utilities. A brand-new boiler with a hot water tank boasts five heating zones of gas heat, and hot water sourced separately to each bath. Brand-new Central Air and a mini-split keep the whole house cool and comfortable in the summertime too. Outside, Vassar Avenue ends in a rare Swarthmore mini-cul-de-sac in one direction. The town center with library, co-op, and regional rail to Philadelphia are just four blocks in the other. One visit to 401 Vassar and you will never want to say good-bye. - Plans available for 4th bedroom addition -
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1946
MLS Number
PADE2063182
Location
Address
401 VASSAR AVENUE
City
SWARTHMORE
State
PA
Zip Code
19081
County
DELAWARE (COUNTY SOUTHWEST)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach Media Home Marketing Center
Office Phone
(610) 566-3000
Agent Name
Rebecca Hansen

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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.