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8003 Saint Martins Lane
Philadelphia, PA 19118
LOUISE DALESSANDRO with Elfant Wissahickon-Chestnut Hill, original listing - (215) 247-3600
$1,895,000
Conventional
Property
Bedroom
6
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
6663 Square Feet
Property Description
Welcome to St. Martins, an exceptional residence that blends historic charm with modern comforts, offering an elegant lifestyle without the extensive grounds maintenance of a sizeable single-family estate. Nestled on a picturesque .40-acre lot in Chestnut Hill, this architectural gem was designed by Hazelhurst & Huckel and built in 1890 by William Steele. Lovingly maintained and thoughtfully updated over the years, this home preserves its original Richardsonian Romanesque style, crafted from local Wissahickon schist, and is adorned with striking features such as graceful curves, battlements, clipped gables, and a corner turret. Spanning 6,600+ square feet, St. Martins offers superb entertainment flow and exquisite outdoor spaces, including a beautifully landscaped patio with ample room for relaxation and gatherings. The home's interiors are equally captivating, featuring quarter-sawn oak walls and intricate millwork that remain unpainted, alongside restored hardwood floors, all meticulously preserved. The home boasts six unique fireplaces, leaded and stained glass windows, cove ceilings, and detailed plaster moldings, all in pristine condition. On the main level, you'll find spacious formal living and dining rooms with original wall sconces, a well-appointed kitchen with generous storage, granite countertops, high-quality appliances, a powder room, and an extensive office/library. The second floor offers a luxurious primary suite with a dressing room, two additional bedrooms, a second bath, and a convenient laundry room. Once a separate apartment, the third floor features four bedrooms, a remodeled bathroom that honors the home's original aesthetic, and in-wall storage. Enjoy proximity to Chestnut Hill's vibrant shops, restaurants, schools, and cultural institutions, as well as easy access to Center City, major highways, and regional rail. Springside Chestnut Hill Academy, the Philadelphia Cricket Club, and the Chestnut Hill West train station are just steps away, making commuting to your favorite destinations effortless. Listed as "Significant" in the Chestnut Hill Historic District Inventory and featured on the 1895 Bromley Philadelphia Atlas, St. Martins is a rare offering. The home’s light-filled rooms, large rounded windows, and unique architectural elements add charm. This home seamlessly blends historic grandeur with modern conveniences—ready to welcome its next steward. ᐧ
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1890
MLS Number
--
Location
Address
8003 SAINT MARTINS LANE
City
PHILADELPHIA
State
PA
Zip Code
19118
County
PHILADELPHIA (NORTHWEST)
Listing
Name
Phone
(215) 247-3600
Office Name
Office Phone
(215) 247-3600
Agent Name
LOUISE DALESSANDRO
Agency Phone
(215) 247-3600

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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.

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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.