Archive for the ‘Penn’ Category

Keno Lane West Grove PA Foreclosure

October 25, 2009

Welcome to 6 Keno Lane – Danielle Mateu’s newest upcoming foreclosure in West Grove PA.

Recently, there have been fewer foreclosures in Delaware County PA as the activity appears to have become more concentrated in Philadelphia and down in Delaware.  To continue our foreclosure series, this is one of the latest of Danille Mateu’s foreclosures that is coming up in Chester County PA.

6 Keno Ln  West Grove PALocated in Penn Township, Keno Lane is a small cul-de-sac off Corby Rd just west of its intersection with Jennersville Rd.  This location affords the owner easy access to much of the region.  Just north on Route 796 (Jennersville Rd), Route 1 provides quick access toward Oxford to the west and West Grove/Kennett and Delaware County to the east.  Just to the west, Corby Rd intersects with Route 896 which leads to Lancaster to the northwest and Newark/ Wilmington DE to the southeast.

This is a nice example of newer Chester County ranch home construction from about 29 years ago.  Keno Lane itself is a 3 bedroom 1.5 bath one story ranch with a full unfinished basement.  The property is located right at the corner of Corby and Keno and the house is situated on the top of a rise over the intersection.  The video will provide a better look at the home itself:

The pricing for this house has not yet been set but overall in zip code 19390, there are currently 116 properties on the market with an average list price of $359,000 and 24 are under contract with an average list price of $258,000.  As has been seen throughout the area, both the activity and pricing have pulled back recently in this zip.  Activity reached a peak in 2006 with 185 closed transaction while the pricing reached a peak in 2007 with an average sales price of $312,00.  Both sales and prices have been drifting down for the last couple years resulting in 87 sales so far year to date in 2009 with an average sales price of $263,000.

keno HillThis appears to be a great opportunity to obtain a home in the area for a good price without being a major fixer.  As with all foreclosures any buyer should be prepared to put in money and time into the property before being able to move in.  A potential buyer will only be able to perform limited inspections and must be prepared to buy in as-is condition with solid financing.

As always, if you have any questions or would like to see the property as soon as it is available, please do not hesitate to contact me anytime.