|161 Crawford Road|
This is our former home in Downingtown, PA. It is located in East Brandywine Township, four miles outside of Downingtown, on 6.875 acres of a wooded hillside. Bill and I brought the land in 1976 and had the house custom built to our specifications in 1980. In the twenty-five years we lived there we added many additions, like the sun room (see picture above), brick terrace, and extensive landscaping and three ponds filled with goldfish.
Because I couldn't keep up with the ever increasing Pennsylvania school taxes and the other county taxes which were rising at the rate of 20 to 25% a year, I put the house up for sale in January of 2006 for $695,000. Four days later I had an offer of $640,000 which I laughed at and refused much to my later regret because this was the beginning of the downtown of the housing market.
I eventually sold the house for $500,000 in November of 2006 and moved to our newly built house here in Delaware (where I am typing this blog from).
The new owners of our old home (a couple from Florida with two young daughters) bought our house at the great bargain of $500,000 and promptly refinanced it for $567,000, thus netting a tidy profit. I had sold the house for less than its value just to stop the pain of carrying two mortgages.
The new owner upgraded the house by putting in a new master bath and finished off the room above the garage for a home office.
For whatever reason, he could no longer keep up the monthly mortgage payment (I think there was a family discord but I don't know that for sure), so he simply abandoned the property in early 2009. The property has been sitting vacant for almost two years now.
All of my lovingly planted shrubbery was left to grow and grow. The ponds fell into stagnation. I don't even want to think what happened to all the happy fish who used to reproduce in those ponds. That was one of my problems, what to do with all the fish I was producing.
Last August the house went into foreclosure. It was auctioned off. I don't know who the new owners are but I do know they have been trying to sell it for the past six months. They are selling it "as is." Well, let me tell you the "as is" just means the grounds were let go. No leaves were raked, no branches picked up, no shrubs trimmed. The inside of the house is just as solid as we left it, even more so because I put in many upgrades, including $4,700 for all new top of the line granite counter tops in the kitchen (what was I thinking)?
The past few months Bill and I have been watching the price of our former paradise (which Bill still loves) go down and down. Here is the latest price:
|Bill sitting on the terrace he built late August 2006, a few months before we moved to Delaware|