Note: Property now has accepted agreement.
Now we move up quite a bit in price level from the Union Ave Lansdowne Upper Darby foreclosure. As I mentioned when looking at the Union property, foreclosures do come in all price ranges and conditions. Whether the property is worth $10,000 or $10 million, if the owner has financial difficulties, the home can become a bank owned property. This is another of those cases.
This is a 4 bedroom home with 3 full baths and 2 partial baths and is located in the Tredyffrin/Easttown School District. The same purchase conditions apply as seen on most bank owned homes in that the property is offered in as-is condition, the buyer must be preapproved, and there will be additional corporate addendums at offer acceptance. It includes a finished basement, many upgrades, rear deck, and a spacious open floor plan on both levels. The video shows it best (note that there is wallpaper on the second floor, not graffiti or damage):
There is a wide variety of housing in the immediate area with recent sales ranging from a $312,000 former 1886 Schoolhouse to a $2+ million 8500 sqft estate home on over 7 acres. Currently there are 5 homes on the market with an average price of $740K and 10 properties have settled in the last year with an average sales price of $978,000 (no pending properties).
This is a great example of the variety that may be found in bank owned properties. With over 4700 sqft (per the tax records), Valley Rd appears to be a tremendous value. At this level, it could offer a great chance for a new buyer to come in and reconfigure/upgrade to their own custom specifications. Depending on the expenses involved, it could also work for a contractor or builder who may try to upgrade and flip it. In either case, it is important to remember that this is an as-is sale so any buyer must do their due diligence carefully. The property appears to have already been remodeled once and still shows six bedrooms on the tax records.
Thank you again for taking the time to visit. As always if you have any questions, need any additional information, or would like to see the property, please feel free to contact me anytime. More to come soon.