SoPhilly Spotlight: Large Newbold home in need of some TLC edition
This week’s SoPhilly Spotlight is a corner property at 1415 Morris St. with plenty of beautiful, original detailing. The high ceilings, built-ins and claw foot tub are all appealing, but this home is in need of some serious TLC to bring it to its full potential.
If you’re ready for a home renovation challenge, this house may be just the one for you. For $299,000, this five bedroom and two bathroom home with 2,328 sq. ft. of space could be yours.
From the Space & Company listing:
Incredible location, with parking! This amazing 5 bedroom, 2 bath has high ceilings, original details, and enormous potential to be a dream home or excellent investment.
High ceilings, wood floors, and lots of light are just some benefits of this corner property.
Enjoy the view of the park from the second and third floor turret, and enjoy a view of center city from the roof. First floor: large living room and open dining room, followed by a kitchen ready for updating.
Door in the kitchen allows access to the garage, which opens onto Rosewood. Second Floor: 3 bedrooms, including the master with windows on 2 sides.
Third floor: 2 bedrooms, one with built in cabinets, and the second bathroom. Tall basement.
Less than a block from the Broad Street Line, the brand new library, the brand new park.
Within blocks of Bennas West, South Philly Taproom, Ultimo, Hardena, and the many entertainment and food options on Passyunk Ave. With renovation, this will be a dream home, in a dream area.
That is a magnificent house. I hope the new owner does not get rid of those beautiful moldings and built ins.
Holy potential, batman!
Wish I had some money.
Definitely nice original details. But also all that original heat/plumbing/electrical. $300K + the rehab is going to make this a huge initial investment. It’ll be nice when done, but not a big money maker.
Hopefully that will mean it isn’t gutted to flip like everything else in the neighborhood. It’s a beautiful house. Interestingly, it was last sold a little over a year ago, so I wonder what’s up with that.
It won’t be gutted & flipped. Initial investment would be too high, even with a “cheap re-do”.
I bet that is also why it was just purchased and put up for sale so soon. The buyer realized it was a bigger job than they thought. So they paid $225K, now put it up for $299K, settle for $250K. Not bad.
beautiful house. shuddering at the thought of replacing the knob & tube without destroying all the details…
As someone who is rehabbing a house (much smaller) in East Passyunk, I had the same exact thought. That and plumbing (see very old cast iron in the pics) would be in the tens of thousands.
No reason to shudder. It is an expensive upgrade, but it’s completely possible to eliminate Knob and Tube and upgrade a home’s electrical systems without destroying historic and beautiful details. I’m one of the owner’s of GEN3 Electric and we rewire historic homes every day. A good electrician can thoroughly modernize a home’s electrical system without damaging the character, charm and historic details. It’s not a hole free process, but holes are isolated to the easily patched and painted surfaces. Once the GEN3 crew is done and the walls have been painted it will look like we were never there expect for the fact that the home’s electrical system is as safe and functional as a new home built today.
garage!