4 Most Surprising 2022 Real Estate Deals in Pennsylvania

Real estate remains a solid investment for the majority despite the significant price increase amid high mortgage rates. Likewise, the most surprising 2022 real estate deals in Pennsylvania were some of the priciest in the state.

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Demand for real estate slowed in Pennsylvania in 2022 as a spike in inflation forced most people to abandon plans to purchase new homes. Likewise, a surge in interest rates with the FED hikes triggered a significant increase in mortgage rates putting off most buyers. Prices continued to spike, leading to some of the most surprising 2022 real estate deals in Pennsylvania.
Most Surprising 2022 Real Estate Deals in Pennsylvania

The spike in prices comes as the filthy rich sought to acquire some of the best properties in some of the most desirable neighborhoods in the state. Likewise, some used the opportunity to buy high-value properties that seemed to be going for a discount. As a result, the most surprising 2022 real estate deals in Pennsylvania were made up of large, expensive, and beautiful homes.

They were undoubtedly the priciest, as some buyers went the extra length to acquire their dream homes. Indoor pools, beautiful terraces, colorful gardens, and unique architecture forced some people to break the bank to acquire their dream homes.

Most Surprising 2023 Real Estate Deals in Pennsylvania

The Estate at Maple Hill: $21M
Sitting on two parcels totaling 32 acres, it was one of the most surprising 2022 real estate deals in Pennsylvania. The property came with six bedrooms and seven and three half bathrooms in the main residence. The premium price had to do with the fact that the property offers excellent views of the private acreage.

A full stone exterior with limestone accents compliments the unique architecture, which is the work of Peter Zimmerman. The house design blends traditional elements with modern demands. The new owners will have a professional standard gym, indoor pool, and seamless glass doors at their disposal. There is also a quality theater and wine cellar.

Every room inside the house has unique accessories, a highly polished floor, and unique ceiling decor. On the outside, the topography and the lawns have been designed and well-kept to ensure quality and refreshing time.

Restored Clock Towering Villanova: $14.9M
In Delaware, the Restored Clock Towering was one of Pennsylvania’s most surprising 2022 real estate deals. Sitting on 750 acres, it was arguably one of the most expensive and hot properties. However, the premium price does not surprise given that the property is just 20 minutes off Philadelphia’s international airport and 30 minutes from the city center.

The property features a primary residence, secondary buildings, and well-maintained grounds. The landscaping and hardscaping done by Chuck Gale add a layer of uniqueness to the property. The interior of the house features comfortable living and dining rooms as well as a chef’s kitchen, library, and wine cellar. There is also a great room with a soaring fireplace.

The main house features a sumptuous bedroom and four other guest bedrooms. The clock tower building on the side comes with a complete office complex with a reception area and two executive offices. There is also a boardroom with video screen equipment and two bathrooms, among other features.

The property also features a guest house with one-bedroom accommodation on one side and 3-bedroom accommodation on the other side. Each comes with its living quarters and modern kitchen, and outdoor spaces.

Linden Hill Estate: $16.5M
The Linden Hills property went for $16.5 million due to its unique and world-class architecture sitting on a 50-acre parcel of land. Built between 1928 and 1931, the property was initially owned by the Dorrance family.

The property features a courtyard with a 10-acre garage, stables, and staff houses. At the end of a narrow lane is a magnificent Manor house that features a French Normandy inspired design. Besides, the guest house is a majestic main house that is beautifully maintained with complete respect for its origin. In the interiors are grand scale rooms that maintain elegancy intimate entreating spaces. Beyond the main house are two swimming pools, a pool house, and a tennis court.

Lynnwood Hall: $15.5M
As one of the surviving gilded age mansions, the Lynnwood Hall property was one of Pennsylvania’s most surprising 2022 real estate deals, built-in 1897. The 100-room mansion comes with 55 bedrooms with a church inside.

Since 1996, a Korean church has owned the property and, unfortunately, could not afford to maintain thus, it hit the market. While the property was initially estimated to be worth $256 million, it hit the market last year for $15.5 million.

Bottom Line

The real estate sector has been cooling off over the past year as a spike in interest rates triggered a significant increase in mortgage rates. The result has been an increased focus on renting properties rather than owning them. Nevertheless, that has not stopped some people from paying premium prices, thus leading to the most surprising 2022 real estate deals in Pennsylvania.

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