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1805 Delancey Street
Philadelphia, PA 19103
$3,950,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
5596
Property Description
Welcome to 1805 Delancey Place, an extraordinary townhouse nestled in the highly sought-after Rittenhouse Square neighborhood of Philadelphia. This stunning home seamlessly blends historic allure with contemporary elegance, creating an ambiance of timeless sophistication. Embracing its classic brick exterior and enduring architectural details, this residence pays homage to its rich heritage, while the interior exudes modern luxury. Spanning an impressive 22 feet wide on a spacious 75-foot lot, this Civil War-era dwelling offers expansive rooms and an abundance of natural light across its four levels, boasting over 5,500 square feet of living space. As you step through the vestibule, you'll be greeted by a graceful foyer featuring the home's iconic staircase. The foyer provides access to the formal dining room and the inviting living room, both designed to accommodate gatherings and moments of relaxation. The generous living room provides a warm atmosphere for cozying up by the fireplace and enjoying cherished time with loved ones. Adjacent to it, the spacious dining room sets the stage for unforgettable formal dinners. The eat-in kitchen is a culinary haven, seamlessly blending aesthetics with gourmet functionality. Bathed in natural light, the kitchen showcases a central island, a Wolf 6 Burner Range, a 40" Sub-Zero Refrigerator, built-in microwave, a generous sink, and ample custom cabinetry. An adjacent charming butler's pantry offers a delightful space for morning coffee, food preparation, and additional storage, complete with a refrigerator, dishwasher, oven, and microwave. Rounding off the first level, you'll find a powder room and a convenient coat closet. Moving to the second floor, you'll discover a versatile home office, providing a serene setting for productive work-from-home arrangements. Adjacent to the office, a cozy den with a fireplace and a terrace beckon you to unwind and enjoy the fresh air. The primary master bedroom on this floor serves as a true sanctuary, boasting a generous walk-in closet and a luxurious en-suite bathroom featuring a spacious walk-in shower. The third floor strikes the perfect balance between practicality and comfort, featuring a laundry area and ample storage space. Two well-appointed bedrooms on this floor offer comfortable living quarters and share an additional full bathroom. Ascending to the top floor, you'll be greeted by a delightful great room, ideal for hosting gatherings and entertaining guests. This remarkable space seamlessly transitions to a deck, offering breathtaking views of the surrounding area. An additional bedroom and full bathroom on this floor provide privacy and flexibility for both family members and guests. The lower level of the townhouse is fully finished and grants access to the garage. This versatile space can be tailored to meet your needs, whether as a home gym, an au-pair suite, or an additional entertainment area. A full bath adds convenience and functionality to this level. Living at 1805 Delancey Place epitomizes luxury living in Philadelphia's prestigious Rittenhouse Square neighborhood. With its spacious living areas, meticulously designed bedrooms, high-end finishes, and the added convenience of an elevator and on-site parking garage, this property offers an unparalleled living experience. Seize the opportunity to make this magnificent residence your own and embrace the epitome of luxury and comfort.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1752
MLS Number
PAPH2261804
Location
Address
1805 DELANCEY STREET
City
PHILADELPHIA
State
PA
Zip Code
19103
County
PHILADELPHIA (SOUTH)
Listing
Provider
Name
Compass
Phone
Office Name
Compass Pennsylvania, LLC
Office Phone
(267) 435-8015
Agent Name
Mary Genovese Colvin

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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.