Looking for Main Line Real Estate at a bargain of just $6,000,000?? If anyone is bored on April 19th and you would like to go see one of the most exciting Main Line real estate auctions of the decade, then please, by all means, give me a call! Of course, if you are in the market for a Main Line mansion, I will gladly help you buy this 17,000 SF estate home, and rebate half of the commission, which could be as much as $90,000 to you! Not bad for a day's work if you ask.
"At 11 a.m. April 19, Accelerated Marketing Group of Newport Beach, Calif., and the Main Line Realtor who goes by Linda "Z" will auction it off. Bidding will open at $3 million; reserve is $6 million." as reported by Michael Klein, Philadelphia Inquirer columnist, in the March 23rd column.
Can't wait until the day of auction to see this place? Then view the video from NBC.com: http://video.nbc10.com/player/?id=227909
or you can read up about the sale in Forbes magazine in the Home of the Week!
FOR SALE: The Bonfield Estate, a true piece of Main Line real estate history!
BRYN MAWR -- Bonfield Estate, the former home of businessman Warren V. "Pete" Musser and his ex-wife, is scheduled to be auctioned in April.
PROPERTY:Gatsbyesque Magnificence in 17,000 +/- SF of living space on an unheard of 24+/_ acres in the "Main Line", Bryn Mawr, PA.
Formerly offered at $12,000,000; Will Sell to the Highest Bidder at or above $6,000,000 reserve. Seller has right to lower reserve during bidding.
710 SPROUL ROAD, BRYN MAWR, PA
AUCTION DATE: April 19, 2008 / 12:00 noon
Click here to download the terms of sale (PDF).
Click Here to View Photographs (PDF).
"Bonfield" was built next to the old Radnor Hunt Club in the 1870's by the Clyde family. Many Fox Hunts were held here in the 1880's and later, until Radnor Hunt moved out to Malvern. Later maps show that the property was owned by Henry Breyer of the ice cream family. Henry Stewart bought the property in the 1960's and helped conserve this magnificent 24 acre property by restoring the original Estate House and keeping all the grounds in a charming and rural setting that is unparalleled on the Main Line today. This is one of the most private estates for sale on the Main Line today. It's proximity to schools and local areas of interest is one of its primary selling points.
The current owners have transformed the Estate House, Guest house, Pool House, and Greenhouse, Art studio & office into a family compound that is a quite special and unique on the Main Line. There are nearly 17,000 square feet of totally finished living areas in the four structures. The master suite contains over 1530 square feet in six rooms decorated to perfection with no compromises made. See rooms by clicking on Main Line Estate details.
Tennis players will love the indoor/outdoor lighted Har-tru tennis court on the left side of the photo above.
There are numerous nature trails through-out the property. One can visit the 2 ponds and then hike up the sloping trails to see unspoiled vistas of the countryside. Horses are possible.
Growing up on the Main Line, and attending Lower Merion High School, Collegeville was considered a land far, far away. Fast forward 10 years later, and I would follow my parents out to western Montgomery County as the Route 422 corridor exploded with new housing growth. Now it is a short 30 minute commute for people working in King of Prussia and Great Valley, Chester County, who moved west for a lower cost of living. The Spring Ford Area School District is a good place to find a good home in a good school district at an affordable price.
As far as real estate is concerned, compared to high ticket areas like Lower Merion, Collegeville is about a good of a bargain as they come. The lowest sales price in Q4-2007 was $255,750 with the highest at $470,000, and an average sales price of $324,900 which is less than half for the average sales price on the Main Line in Lower Merion.
Courtesy Of : Christopher Benedict 484-433-3931
RE/MAX Main Line 610-935-3200
In the Radnor Township section of the Main Line, the housing market data from October 2007 to end of September 2007 showed some surprisingly similar results to those of Lower Merion, as compared to the negative data we have been bombarded with from the main stream media. Then again, nothing sells like bad news, except worse news.
The lowest sales price for a home in Radnor township was $120,000 with the highest selling home (or should I say Main Line Mansion) sold at $3,142,955.
If you are thinking of buying a home on the Main Line, better get out your checkbook and get ready to pay. The average (yes, AVERAGE!) listed price for homes on the market was $742,842. That means half of the homes on the market for sale were for higher than $740,000, and half lower. And to think, I was worried about paying for my three kids' college funds!
The positive news: The average days on market (DOM) was 66 days, just 15 days more than the previous quarter in 2007.
Market Statistics
Courtesy Of : Christopher Benedict 484-433-3931 RE/MAX Main Line 610-935-3200 Monthly Statistics for the Date Range Selected
Pricing Details of Sold Units for the Date Range Selected
Inventory Accumulation figures are only calculated when Report End Month is the current month
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In the Lower Merion School District, the housing market data from October 2007 to (end of) December 2007 showed some surprising results, as compared to the negative data we have been bombarded with from the main stream media. Then again, nothing sells like bad news, except worse news.
The lowest sales price for a home in Lower Merion township was $129,000, with the highest selling home (or should I say Main Line Mansion) sold at a mere $3,434,000. The home was originally listed at $3,975,000.
If you are thinking of buying a home on the Main Line, better get out your checkbook and get ready to pay. The average (yes, AVERAGE!) listed price for homes on the market in Q4 was $666,876. That means half of the homes on the market for sale were for higher than $666,000, and half lower. And to think, I was worried about paying for my three kids' college funds! The average sale price was down about $65,000 for the quarter.
The negative news: The average days on market (DOM) was 77 days for Q4-2007, as compared to 62 DOM for Q4-2007.
Courtesy Of : Christopher Benedict 484-433-3931 RE/MAX Main Line 610-935-3200
Monthly Statistics for the Date Range Selected
Pricing Details of Sold Units for the Date Range Selected
Inventory Accumulation figures are only calculated when Report End Month is the current month
© Copyright 2008 TREND MLS - Information Deemed Reliable but Not Guaranteed. Printed 1/28/2008 9:36:34 PM | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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You can search the Main Line, Malvern, Paoli, Wayne, Berwyn and the entire Delaware Valley for Philadelphia Real Estate. Simply click the website above to get started and you will be well on your way.
Welcome to my profile the "Gateway to the Main Line" where you will learn all about fantastic Pennsylvania and about the wonderful Pennsylvania Real Estate available including homes, gentleman and horse farms, investment and commercial real estate and an entire MLS Search that is updated daily.
I am licensed in Pennsylvania and serve the greater Philadelphia Pennsylvania area including the major cities of The Main Line, including Malvern, Paoli, Wayne and Berwyn and the surrounding Delaware Valley area of S.E. Pennsylvania. I began my real estate career in 1997 doing real estate flips and investments, and then decided it to take it to the next step and earn my license and become a REALTOR. At this time, my wife Stephanie and I have expanded our operations to include a mortgage company, The BIG Mortgage Co. as well as an investor portal, Benedict Investment Group, LLC. I have spent the past 10 years developing a system that focuses on my clients needs and takes care of them before, during and after the closing. I have surrounded myself with excellent consumer service focused professionals which include a variety of mortgage lenders, home inspectors, title companies, appraisers & insurance companies. I do not jump from lender to lender, title company to title company etc. I prefer to use the same companies that are tried and true and will be here when the real estate market is strong or weak and that place customer service, integrity and honor at the head of their list of goals they strive for.
My philosphy is that at the end of the day, if I can create a terrific win-win situation for all my buyers, sellers and investors, and if I take care of my clients/customers needs and show them respect, my production will take care of itself. My goal is to have everyone walk away from a real estate transaction feeling they had the best service they could ask for.
My team of agents specialize in all phases of buying as selling real estate with RE/MAX Main Line, as well as offering turnkey investment opportunities in Chester County as well as Philadelphia, Montgomery, Delaware, Bucks and Berks Counties.
My agents and I never focus on our accomplishments, rather we completely focus on the client and their needs. Through the use of several marketing programs such as Realtor.com, HomeGain, Harmon Homes, The Real Estate Book, RE/MAX International, REMAX MAIN LINE, and Tour Factory our homes sell fast and for top dollar.
Philadelphia: The city of Philadelphia is the largest city in Pennsylvania and the sixth most populous city in the United States. It is also known as Philadelphia County, and serves as the county seat. It is often referred to as "the City of Brotherly Love." The city is commonly and informally referred to as "Philly," and best known for the Philadelphia Cheesesteak.
Ardmore: A community of approximately 13,000 residents, located on the Main Line, west of Philadelphia. Ardmore is a historic downtown, with one of the largest business districts in the area, and contains a delightful mix of restaurants and small specialty shops, including antique and gift shops. Historic Ardmore is adjacent to Suburban Square, one of America's oldest shopping centers.
Bryn Mawr: The name Bryn Mawr means "Big Hill" in Welsh and takes it's name from an estate in North Wales. Part of Lower Merion Township, and home to over 4000 residents, Bryn Mawr is located just west of Philadelphia along Lancaster Ave (US-30) and borders Delaware County, and is notably home to Bryn Mawr College.
Berwyn: Also known as Devon-Berwyn, the area is a densely populated split of Devon and Berwyn, in Chester County, and home to about 5000 residents. Point of interest is the Jenkins Arboretum, a 46 acre non-profit public park and wildlife sanctuary.
Devon: Regionally famous for the renowned Devon Horse Show, and the Devon Preparatory School, Devon, also known as Devon-Berwyn, the area is a densely populated split of Devon and Berwyn, in Chester County, and home to about 5000 residents.
Gladwyne: One of the wealthiest zip codes in the country, Gladwyne is a suburban community in Montgomery County with a population of over 4000 residents. Home to the Philadelphia Country Club, and, most notably, M. Night Shyamalan, th
