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2212 Saint James Place
Philadelphia, PA 19103
$2,350,000
Conventional
Property
Bedroom
10
Bathroom
5
Property Type
Conventional
Square ft
4840
Property Description
Magnificent high-Victorian Rittenhouse Manse with expansive 25' frontage, 4 stories plus walk out lower level to a lush rear garden. This Venetian Gothic townhouse features a marble & limestone facade with arching windows and oriel bay overlooking St James street, one of the neighborhood's iconic blocks, lined with immaculately preserved homes by Furness & other notable 19th c. architects. A previous rooming house until the current owners totally restored it to single family use with noted architect & former AIA President, Susan Maxman. 10 bedrooms, 4 1/2 baths, 6 fireplaces, and over 5000 sf of living space this gracious home accommodates family & guests alike plus offers many additional uses; home office, painting studio, sitting room etc. 11' high ceilings throughout are crowned by original plaster mouldings and architectonic details abound from intricately carved mantles to a central wraparound staircase surmounted with skylight, illuminating the center of the home. Enter the home through double doors flanking a walnut paneled vestibule, a weather break from the elements. The main level offers formal living room with decorative, carved marble fireplace, white oak herringbone floors and gallery lighting to highlight your art collection. The dining room connects from both the main hall or through a passage under the stair and is the ideal space for sumptuous dinner parties or intimate family gatherings. High ceilings, an original carved wood fireplace mantle and a deep bay window overlook the garden. The home's NY Loft kitchen is a study in modern style and restraint, part of a second renovation by architect Spence Kass. Warm rift-cut mahogany cabinetry contrasts with cool gray quartz counters and frosted glass backsplash. Sleek, stainless Sub-zero and Miele appliances complete the state of the art chef's kitchen. At the end of the main level an intimate breakfast room with original leaded glass window hovers over the garden, and a set of steps leads down to the back yard sanctuary. Ascend the central wraparound staircase to the primary bedroom level where a 25' wide room accommodates any size bed, built-in closets, a sitting area in the oriel and a statement-making, turned and carved, decorative wood mantel. Walk-through closets join the bedroom to a private sitting room which connects to the spa-like primary bath, making this floor your private suite of rooms. The bathroom offers separate soaking tub & shower, water closet and pedestal sink. The 3rd floor has a group of 4 bedrooms and 2 baths, both rendered in original porcelain subway tiles, one features a vintage soaking tub. Two of the bedrooms serve alternative purposes, one, a sitting room and the other has been transformed into a deluxe laundry space. The home's top floor has 4 more bedrooms and newly renovated hall bath with glass enclosed shower. The largest of the bedrooms is used as a home office, tucked into the south facing bay window. A mixture of original red pine and golden oak hardwoods cover the home's upper floors. The lower level, originally the home's kitchen, has direct access to both the rear garden & the street in front under the stairs (perfect for bringing bikes in from outside). Currently used as an artist's studio, this level also makes an excellent den, playroom or workout space. Located in the award-winning Greenfield School catchment and equidistant to Rittenhouse & Fitler Squares and the miles-long Schuylkill Banks river trail, this home rests in the middle of a low-traffic, tree-lined street. Sellers will pay for a year's parking at a nearby garage, steps from the house. Near incredible shopping on Walnut & Chestnut Streets and some of the city's best restaurants, Vernick, Parc, Wilder and so many more. With easy access to 30th St station, Penn, Drexel, CHOP, HUP and the downtown business core - this outstanding home offers everything that makes urban living so incredible. See this stunning home today!
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
1850
MLS Number
PAPH2337906
Location
Address
2212 SAINT JAMES PLACE
City
PHILADELPHIA
State
PA
Zip Code
19103
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
Marc Hammarberg

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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.