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124 Bainbridge Street
Philadelphia, PA 19147
$2,750,000
Conventional
Property
Bedroom
5
Bathroom
5
Property Type
Conventional
Square ft
4092
Property Description
Welcome home at 124 Bainbridge - a truly showstopper custom-built home! Located in Philadelphia's desirable HeadHouse Square, you will not find another private residence quite like this one. Within steps to HeadHouse Plaza, Penn's Landing, and endless restaurants, it is a property you will never want to leave. At over 4,500 square feet this home features 5 floors with handlaid solid wood floors which include a fully finished basement, 5 bedrooms, 3 full baths plus 2 half baths, a two-car garage with a custom Mahogony door, 10 foot elevation ceilings, a brand new 20 year warranty roof, and a brand new all expansive rooftop high-end 35 year warranty Trex deck with panoramic and unobstructed views for all your entertaining needs. Step inside the front gated entry to a welcoming marble foyer that leads to an amazing entertaining space with a large centerpiece Schonbek chandelier, a fully equipped wet bar, wine refrigerator, and through large Pella French doors enter to an outdoor private red brick English garden with privacy walls and gas and water outlets. Follow the grand open staircase that extends throughout the house up to a rooftop skylight or take the custom-built 5 floor oversized elevator to your substantial chef's kitchen with custom cherry wood cabinetry, extensive lighting, four large Pella windows, two sinks and a huge single cut stone top island with all professional appliances that include Thermador stainless steel appliances with six burner cooktop, large hood exhaust, double oven, and food warmer as well as professional Monogram appliances with a new 48 inch refrigerator, a standard dishwasher and a second chef’s dishwasher, and a wine refrigerator. Towards the front of the home, you will find an elegantly formal living room with custom moldings, gas fireplace, and a juliet balcony with large Pella French doors and unobstructed views of your quiet street. Upstairs, the main bedroom suite on a floor of its own features enormous walk-in closets, a full whirlpool bath with luxury Grohe faucets and fittings that are also throughout the house, tremendous natural light, and another gas fireplace. This floor also features a full laundry room and another bedroom or home office/study. Moving up to the 4th floor you will find 3 more large bedrooms which include two en suite bathrooms with shower and whirlpool and one single bedroom. Last but certainly not least is the rooftop deck - featuring absolutely breathtaking city skyline, Delaware river, and bridge views you just have to see for yourself. The sellers truly encompassed attention to detail when building this home by adding Pella doors and windows throughout, custom lighting and Schonbek chandeliers throughout, intercom system on all floors, Berber carpeting, 300 AMP electric, steel framing, triple insulation, full French drain installation, plus so much more. Come live the life of luxury in this unique and rare home!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2003
MLS Number
PAPH2332362
Location
Address
124 BAINBRIDGE STREET
City
PHILADELPHIA
State
PA
Zip Code
19147
County
PHILADELPHIA (SOUTH)
Listing
Provider
eXp Realty, original listing
Name
eXp Realty
Phone
(888) 397-7352
Office Name
EXP Realty, LLC
Office Phone
(888) 397-7352
Agent Name
Gabby Sanfilippo

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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.