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$1,720,000

Beds
4
Baths
5.0
sq ft
6,789

501 Van Lears Run, Villanova, PA 19085

501 Van Lears Run

VILLANOVA, PA 19085

  • 65 days on market
    • Price drop $79,000↓
Welcome to this stunning home located in the highly sought-after Ardrossan neighborhood in Villanova in the heart of the Main Line. Nestled in a beautiful Cul-de-Sac, this modern spacious home has a large luxury kitchen, four bedrooms including an Au pair suite each of which have en-suite bathrooms, and two home offices on the first floor! The property is on a rare flat 0.95 acre yard. Upon entry, you'll be greeted by a grand, natural light filled two-story foyer with dramatic curved main staircase. There are two coat closets, located on each side of the main entrance. The foyer flows into the grand family room with decorative white columns, wood burning fireplace, cathedral ceiling and glass doors that open to the expansive outdoor deck and picturesque backyard. The living room with the wood burning fireplace is an elegant yet comfortable area for relaxation and entertaining. It is filled with natural light from the large windows, creating a bright and inviting space. The newly updated chef's kitchen is well-equipped with a large center island, 5-burner Wolf gas range, and subzero refrigerator is perfect for preparing delicious meals or cooking for holiday gatherings. The dining room which features chair rail molding and large beautiful windows overlooking the front yard is perfect for hosting dinner parties. Additionally, the study next to the family room with built-in custom book shelves offering a dedicated space for productivity. The master bedroom suite is a true oasis, providing a spacious and comfortable haven to unwind after a long day. The master bedroom features vaulted ceiling and the master bathroom features large walk-in shower, over sized tub and dual vanities. There are also three additional generously sized bedrooms. each with its own full bathroom, ensuring privacy and convenience for everyone in the household. The fourth bedroom, can be used as in-law suite comes with another room within which can be used as 5th bedroom or living space. The finished basement offers endless possibilities for either a home gym, home theater or both. The unfinished areas can be used as storage for your seasonal decorations. The property has undergone successful tax appeal, resulting in significantly lower taxes! Don't miss out on the opportunity to make this exceptional property your dream home. Schedule a showing today and experience the perfect blend of comfort, functionality, and style.

Details

Property type

Single Family Residence

Est. home value

$1,673,065

Lot size

0.95 acres

Price per sq ft

$254

Year built

1992

Annual property taxes

$19,814

HOA

No

Price History

09/22/2024
Bright

Bright #PADE2072546

Price change
$1,720,000
-4.39%
08/16/2024
Bright

Bright #PADE2072546

Listed
$1,799,000
+76.72%
08/11/2020
Bright

Bright #PADE508246

Sold
$1,018,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

RADNOR

High school: 

RADNOR

School district: 

RADNOR TOWNSHIP

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$974,113
Asking price
$1,720,000
Closing costs (~8% of asking)
-$137,600
Est. remaining loan balance
-$608,287
Cash to seller
$974,113

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Citizens Bank Na

Loan start date

July 2020

Original loan amount

$800,000

Est. remaining balance

$608,287

Interest rate

2.62%

Loan type

New Conventional, 15 year

Seller

Yuanzri Li

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/07/2024 at 8:25 AM

Listing updated: 09/24/2024 at 12:17 AM

Listed by: Matin Haghkar, RE/MAX Plus Phone #: (215) 422-3711

MLS: Bright #PADE2072546

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