Gladwyne “Aspen Retreat” Goes to Foreclosure Auction
When most people hear the word “foreclosure,” they don’t think “extraordinary master suite with volume ceiling and en suite custom spa bath.” But hard times hit everywhere, even on the Main Line, and even in Gladwyne. The owners of this six-bedroom Tudor — which was described by a listing agent as an “Aspen Retreat” when it was for sale — owe more than a million dollars on the mortgage, and the lender is not having it. So after the typical motions for delay and attempts to resolve the problem otherwise, the home is now going to foreclosure auction on January 29.
Set behind an electric gated driveway on almost two woodsy acres, the outdoor space features front and rear flagstone patios, each with its own built-in grill; an in-ground stone firepit; and a wraparound deck. Indoors, there are those unique ski-lodge details, including the use of natural materials and three wood-burning fireplaces.
In 2007, the home fetched about 1.5 million, which may actually be a little bit more than what the owners — under normal circumstances — would be able to get for it today. As Gladwyne homes go, it isn’t grand, and a comparable home nearby recently sold for $980,000. On the other hand, this is the Main Line, and with a few modifications, the house could really be spruced up. If it sells at the foreclosure auction for less than a million, that’ll be a bargain.
THE FINE PRINT
Square feet: 5,433