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$2,895,000

Beds
8
Baths
4.5
sq ft
11,360

455 and 461 W Chestnut Hill Ave, Philadelphia, PA 19118

455 and 461 W Chestnut Hill Ave

PHILADELPHIA, PA 19118

  • 75 days on market
Philadelphia at its best. Once in a generation opportunity to own one of the most significant properties in the City, "Binderton" was designed by Cope & Stewardson Architects (also designed for University of Pennsylvania and Princeton). The house was started in 1903 and finished in 1906. The renowned landscape architecture firm of the Olmsted Brothers was engaged to handle landscape, hardscape, and garden design. During their ownership, the present owners purchased 461 W Chestnut Hill Ave. (which had been subdivided from the original plot many years earlier) demolished the modest house that existed, and expanded the property and gardens, and redesigned the driveway. Situated on the quietest street in Chestnut Hill and surrounded by homes of equal caliber, Binderton stands out with its brilliant red brick construction and distinctive Jacobean Revival style , with shaped parapets, and intricately designed chimneys. In most places, the house is designed only one room deep and was built linearly, near the property line at the high side. The brilliance of the Olmsted Brothers work is apparent in the brick walkway that rises gracefully from Towanda Street up a gradual hill with a low step every 10 feet or so. From the stone patio, enter the front door into the formal entry hall with main staircase at the back. The foyer is filled with natural light from two sides, a fireplace, a powder room, and a large coat room with window. Again from the entry hall, walk into, what was called in 1906, the "Ladies' Parlor", a sunny, elegant sitting room with big windows and a fireplace. The formal living room with two distinct seating areas, beamed ceiling , and wood burning fireplace can be accessed from the "ladies' parlor" or directly from a hallway. The exterior door off the living room leads to an open air loggia with tiled floor and finished ceiling. To the left of the front door, head to the formal dining room with fireplace, elegant crystal chandelier and room for a second dining table! The kitchen has everything you want. From the front hall, head through the butler's pantry with lighted cabinetry, porcelain sink , and dishwasher: a great spot to set up the bar on party nights. Further on you reach the supersized chef's kitchen with two sinks, three ovens, a gas range, banquette seating for conversation while prepping dinner, stools at the counter for breakfasts on a busy day, and a big table at the end of the house for casual dinners. Off the kitchen is a huge pantry area and laundry room. Beyond the kitchen end is a glassed in garden porch that will serve myriad functions that make daily living more convenient. Head up the carved and turned staircase and turn left at the top to reach the primary suite, that includes the bedroom with fireplace and door to second floor balcony, a cozy sitting room, great for reading or streaming late into the night, a beautiful, bright corner office/den, and a spacious bathroom with two sinks and walk-in shower. On the second floor to the right of the main stair are four additional bedrooms, two of which share a Jack-and-Jill bath ; and two others that share an additional hall bath. The third floor has three bedrooms, a full bath, and a large central room, perfect for play or privacy. The 1.6 acres that surround the house defy description. Mature trees, abundant perennial beds, lush lawns, and garden rooms; one prettier than the next. The main focus in the summer is the pool area. Exquisitely private with its walled garden, and elegant brick veranda, it is here where you can escape from the sun and the world. Built to span the ages, "Binderton" will pass to someone who loves grand old houses and understands stewardship.

Details

Property type

Single Family Residence

Est. home value

$3,125,480

Lot size

1.6 acres

Price per sq ft

$255

Year built

1906

Annual property taxes

$31,534

HOA

No

Price History

09/17/2024
Bright

Bright #PAPH2393418

Listed
$2,895,000
07/06/2024
Bright

Bright #PAPH2329244

Removed
$2,895,000
03/07/2024
Bright

Bright #PAPH2329244

Listed
$2,895,000
-10.92%

Schools & Community

Neighborhood: 

Chestnut Hill

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$2,091,624
Asking price
$2,895,000
Closing costs (~8% of asking)
-$231,600
Est. remaining loan balance
-$571,776
Cash to seller
$2,091,624

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

May 2020

Original loan amount

$630,000

Est. remaining balance

$571,776

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

Robert A Pollock and Jane S Pollock

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/19/2024 at 2:10 AM

Listing updated: 09/24/2024 at 2:06 AM

Listed by: Janice Manzi, Elfant Wissahickon-Chestnut Hill Phone #: (215) 247-3600

MLS: Bright #PAPH2393418

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