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711 S Marshall Street
Philadelphia, PA 19147
$725,000
Conventional
Property
Bedroom
2
Bathroom
3
Property Type
Conventional
Square ft
1340
Property Description
Completely gut renovated to the bricks and joists in 2023. Beautiful and friendly block, a wide alley street on the edge Queen Village and Bella Vista. This painted brick three story was transformed into two bedrooms, two bathrooms, and half bath in basement. Structurally reengineered to add three iron floating staircases with 2" white oak treads. The entry level features 24"x48" large format tile floors, exposed refinished plaster walls, white Vermont Danby Marble, and 3/8" inch iron tube staircase with glass feature wall. The kitchen boasts all new Bosch Appliances, electric oven, gas cooktop, range hood, pot filler, stainless still sink with Brooklyn Watermark faucet, dishwasher, and 36" three panel refrigerator. All appliances are paneled to match the cabinets. The dining area has a custom foldable stainless steel table to save space when not in use. The backyard has 60" tilt and turn doors to a 15x15 pad with a gas line for BBQ connection. The iron tube stair takes you to second floor hallway which has laundry closet and in the rear leads through a pocket door to a full bathroom with floor to ceiling tile, including tub, floating wall vanity, electric mirror, and electric bidet toilet. The second floor front is a bedroom/office with built-in unit for closet and office storage. Another iron stair leads to third floor hallway which is showered in a 2'x2' skylight. The primary bedroom in the front features its own heating and cooling with a ceiling cassette unit. The room also has electric powered blinds, bedside wall sconces, and a water fountain for late night thirst quenching. On the other side of the water fountain is a mirrored pocket door which connects to a custom walk-in closet with drawers, shelving, and rods. The closet is open to the primary bathroom featuring a 60" Madeli hanging wall vanity with a troth sink and two Brizo faucets, another electric bidet toilet, heated towel rack, and an oversized walk-in spa like shower fitted with 2 niches, a window, and Isenberg plumbing fixtures. Both the 2nd and 3rd floor have 7 1/4" engineered white oak wood floors. The basement is also tiled has a coat closet, mechanical room storing an electric hot water heater and natural gas furnace/AC, half bathroom, walls lined with shelving, and a floor drain.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1920
MLS Number
PAPH2338060
Location
Address
711 S MARSHALL STREET
City
PHILADELPHIA
State
PA
Zip Code
19147
County
PHILADELPHIA (SOUTH)
Listing
Provider
Name
Compass
Phone
Office Name
Compass Pennsylvania, LLC
Office Phone
(267) 435-8015
Agent Name
Ronnie Voluck

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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.