Description
CALLING ALL INVESTORS! Heres your opportunity to bring back to life a once-stunning mid-century modern home built in 1956. With over 4500 SF, 5 bedrooms, 4.5 baths, and 2 fireplaces, it sits on a beautiful and tranquil lot on a quiet street in Elkins Park, a mere 1/3 of a mile from the Elkins Park Train Station. It is subject to an Act 135 Conservatorship, will need extensive renovations, and is being sold in "as-is" condition with no seller concessions. As part of the Act 135 Conservatorship, the home is scheduled to have the neglected pool filled in, replace the damaged fascia, remove the enveloping overgrowth, the damaged fencing, and outbuildings in the next 2 weeks. They have already done a clean out and removed all the carpeting which revealed some beautiful hardwood floors. We have in hand an appraisal from HUD for 535K in its current condition, but all offers will be considered. Comps for this home fully renovated near the 800K range!***Please be sure to read all the documents attached to the listing. An Access Agreement must be signed before entering the home. ***All offers should be submitted as quickly as possible so the Conservator may present the winning bid to the Court for its prompt approval. Schedule your showing today!
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5BEDS
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0.45ACRES
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4BATHS
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21/2 BATHS
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4,551SQFT
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$118$/SQFT
School Information
Description
CALLING ALL INVESTORS! Heres your opportunity to bring back to life a once-stunning mid-century modern home built in 1956. With over 4500 SF, 5 bedrooms, 4.5 baths, and 2 fireplaces, it sits on a beautiful and tranquil lot on a quiet street in Elkins Park, a mere 1/3 of a mile from the Elkins Park Train Station. It is subject to an Act 135 Conservatorship, will need extensive renovations, and is being sold in "as-is" condition with no seller concessions. As part of the Act 135 Conservatorship, the home is scheduled to have the neglected pool filled in, replace the damaged fascia, remove the enveloping overgrowth, the damaged fencing, and outbuildings in the next 2 weeks. They have already done a clean out and removed all the carpeting which revealed some beautiful hardwood floors. We have in hand an appraisal from HUD for 535K in its current condition, but all offers will be considered. Comps for this home fully renovated near the 800K range!***Please be sure to read all the documents attached to the listing. An Access Agreement must be signed before entering the home. ***All offers should be submitted as quickly as possible so the Conservator may present the winning bid to the Court for its prompt approval. Schedule your showing today!
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