Home for Sale at 3053 MITCHELL COURT, LAFAYETTE HILL, PA 19444

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3053 Mitchell Court
Lafayette Hill, PA 19444

Jim Romano with Keller Williams Real Estate-Blue Bell, original listing - (215) 646-2900

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Property Details

List Price:	$3,400
Beds:	3
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	1592 Square Feet
Agency:	Keller Williams Real Estate-Blue Bell
Agency Phone:	(215) 646-2900

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Residential Lease-Townhouse
Year Built:	1988
Notes:	Available for rent February 1st is this meticulously maintained townhome in the desirable Mitchell Court community! A bright and inviting foyer greets you as you step into the home. To the left is a modern, updated kitchen, that features newer cabinetry, gorgeous white quartz countertops, and stainless-steel appliances! The kitchen gives way to the spacious dining area and living area with a fireplace, which offers you plenty of space for relaxing. The second floor boasts a sizable primary bedroom with ample closet space and a beautifully updated ensuite full bathroom! The second spacious bedroom is located just down the hall, as well as a large full hallway bathroom. The top floor is home to an ample-sized third bedroom with new carpeting, a full bathroom and a large walk-in closet, providing a great space for guests. Throughout the home, refinished hardwood floors enhance the main living areas, while fresh paint (excluding basement) and new lighting fixtures create a bright and modern feel. New window treatments add a stylish touch. The walk-out basement offers plenty of extra living space with newer carpeting! Walk outside to your patio and enjoy the tranquil space out back. The Trex deck, located off of the first floor is a perfect spot for that morning cup of coffee or evening glass of wine! The home is also complete with an attached one-car garage along with driveway parking as well. A quiet, yet convenient location just off of Germantown Pike, with easy access to 476, 76, and the turnpike!
MlsNumber:	--
ListingId:	PAMC2127128

Listing Provided By:	Keller Williams Real Estate-Blue Bell, original listing
Phone:	(610) 828-2224
Office Phone:	(215) 646-2900
Agent Name:	Jim Romano
Disclaimer:	Copyright © 2025 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.

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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.

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.

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