Bryn Mawr Foreclosure Opportunity

124 N. Merion Bryn Mawr, $499,000

Visited this handsome post-foreclosure, bank-owned home in Bryn Mawr this week and was impressed by its condition. It's not uncommon to see a home that's been through foreclosure in very rough condition - after all, if the payments couldn't be made forget about maintenance or upkeep.
But this classy 4 Bed/3.1 bath stone tudor on Merion Avenue - just across the street from Shipley School and the lush environs of Bryn Mawr College is ostensibly move-in ready and a fine value at a Bank-Owned price of $499,000. So maybe its not the swankiest home in the neighborhood. The Kitchen needs some updating and baths yearn for a do-over, but that appears to be reflected in the price.
This home sold for $700,000 about five years ago and a similar neighboring home went for $800,000 around the same time. True it's not 2005 anymore, and the house needs some TLC, but the nice hardwoods, ample back porch, and location just minutes walking distance to the vibrant culture of downtown Bryn Mawr make it a potentially great opportunity. This property is listed with an REO brokerage and any realtor, including Ted and Heather of R5Realty.com and Prudential Fox & Roach can take you for a tour.
Contact Ted at 610-348-7972 to learn more about this and other great values in R5 Country from CenterCity to Wayne.