Home for Sale at 101 MILL ROAD, NORRISTOWN, PA 19401

101 Mill Road
Norristown, PA 19401

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Property Details

List Price:	$455,000
Beds:	3
Baths:	3
Status:	Active
SqFt:	3932
Agency:	eXp Realty

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Description/Comments

Lot Size:	1 acre(s)
Property Type:	Residential
Year Built:	1874
Notes:	Unique opportunity to own a home that has so many possibilities! Located on 1.5 acres of flat land that can be subdivided if desired. Additionally, this home has in law suite with its own entrance that can be rented out to earn passive income to help pay YOUR mortgage. Finally, this home has an above ground pool AND a former dance studio space which can be customized to a play room/game room/family room/ gym. Upon entry, you will walk into a fully renovated kitchen with white cabinets and stainless steel appliances. Walk through your kitchen to a spacious connecting dining room. Further through, you will find a living room complete with a cozy gas fireplace for those chilly evenings. Through the living room you can find a room that is currently being used as an extra bedroom, this room can be used as a study or other type of flex space, you choose! A 1st floor half bath completes this space. Get ready to relax with your morning coffee, when the you walk out to an enclosed patio/sunroom, which can be accessed from the living room. On the other WING of the home, get ready to be amazed by a large space that was formerly used as a dance studio. Completing this side of the home is access to a second living room area with kitchenette. Up a flight of stairs, you will find a bedroom with full bath. Completing the upstairs are 2 additional bedrooms, 1 full bath and spacious laundry room. 2 bonus rooms are located up the stairs, which are waiting for your finishing touches and creative ideas. The backyard features an above ground pool, 1 shed, and a detached garage. This wonderful home is truly unique and has a second living room area with kitchenette and a bedroom upstairs. Newer floors and freshly painted with neutral colors throughout. New roof on the main house portion of the property only. NOTE: There is a wall/bookshelf that connects to the 3rd bedroom and CAN be removed. Seller is willing to remove the wall/bookshelf prior to settlement if Buyer prefers. This 1.50 acre lot CAN be subdivided, please verify with East Norriton Township. The possibilities are endless with this truly unique home, get ready to make it YOURS!
MlsNumber:	PAMC2102802

Listing Provided By:	eXp Realty, original listing
Name:	eXp Realty
Phone:	(888) 397-7352
Office Name:	EXP Realty, LLC
Office Phone:	(888) 397-7352
Agent Name:	Nina Gupta
Disclaimer:	Copyright Â© 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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