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208 Spruce Street
Philadelphia, PA 19106
$1,795,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3452
Property Description
Welcome to 208 Spruce Street, your dream home in the heart of historic Society Hill. This stunning 3 bedroom, 3.5 bath home is located on picturesque Spruce Street and offers the perfect blend of impressive historical architectural details with impeccable modern updates throughout.Enter the cheery vestibule and continue through one of the many original wood doors, to the inviting living room with gas fireplace, which then flows seamlessly to your dining area, large enough to host dinner parties and holidays. Enjoy a cozy reading nook with two comfortable upholstered seats, storage and gorgeous seagrass wallpaper. The showstopper on this floor is the Joanne Hudson-designed kitchen with custom cabinets, a deep farmhouse sink, paneled Sub-Zero refrigerator, Miele dishwasher, and Wolf side-by-side double oven with 4 burners and middle griddle, as well as a pot faucet over the oven. The island is large enough to seat 4, and in addition, the breakfast area with a lovely banquette, can seat at least 6 for breakfast or an informal dinner. The kitchen provides access to your private outdoor escape. The first floor is complete with a convenient powder room.Head upstairs and get comfortable in the warm family room/study with oversized windows and sliding glass doors onto a Juliet balcony, which looks out to the garden area. This room features an impressive custom media unit and a fireplace with marble surround (fireplace can be brought back to wood burning use). This floor is complete with your primary suite. The primary bedroom showcases custom shelves and cabinets for all your storage needs, three ample closets, a decorative fireplace with a large mantle and brick surround, as well as a bathroom also designed by Joanne Hudson, which includes a Kohler soaking tub, 4-jet shower with marble-tiled walls, double vanity, and spectacular woven lattice tiles. Continue upstairs and be greeted on the bright third floor sunlit by the hallway skylight, two more bedrooms with original wood doors, and a full bath with glass tile and marble-topped vanity, also designed by Joanne Hudson.Not to be overlooked is the finished basement, which offers a full bathroom and the ability to be used as an office, guest bedroom, gym, playroom, etc. You will find a full laundry room in the basement as well as ample storage space and your very own sauna.With original random width pine floors throughout the first and second floors, 10-foot ceilings, abundant character and charm, 208 Spruce Street has been lovingly maintained with attention given to the maintenance of all systems, appliances, and utilities. Within walking distance of Spruce Street Harbor Park and fabulous restaurants such as Zahav, Amada, Buddakan, Malbec, Stella, and more, as well as easy accessibility to 95, 676, the airport, and the Ben Franklin Bridge, make this your next home and love it for many years to come!
Property Information
Lot Size
-- square ft
Property Type
Common Interest
Year Built
1800
MLS Number
PAPH2336188
Location
Address
208 SPRUCE STREET
City
PHILADELPHIA
State
PA
Zip Code
19106
County
PHILADELPHIA (SOUTH)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach At the Harper Rittenhouse Sq
Office Phone
(215) 546-0550
Agent Name
Alexandra Haines

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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.