616 WEBB RD, Elkins Park, PA 19027

$535,000 Asking Price

5 beds
6 baths
4,551  sqft
Built in 1956

CALLING ALL INVESTORS! Here’s your opportunity to bring back to life a once-stunning mid-century modern home built in 1956. With over 4500 SF, 5 bedrooms, 5.5 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!


Features & Amenities

Interior

Basement:
Partially Finished
Flooring:
Hardwood,Ceramic Tile
A/C:
Other
Heating:
Y, Other, Natural Gas
Fireplace:
Fireplace, Fireplaces: 2
Disability Feature:
None

Exterior

General:
Above Grade
Style:
Cape Cod

Construction

Roofing:
Shingle
General:
Brick,Stone, 2, Other

Location

Originating MLS:
BRIGHT_MAIN
School District:
CHELTENHAM
County:
MONTGOMERY

Lot

Zoning:
R4, 31184 006

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
BRIGHT_MAIN

This listing courtesy of:
Coldwell Banker Realty, Carol Anne Raffa

About Elkins Park, PA

Housing

Number of Units
8,258
Median Home Value
$291,415
Median Rent
$1,111

38.42% of housing units are renter occupied.

6.15% are vacant.

Commute

Car
58.45%
Public Transportation
11.67%
Walk to Work
0.83%
Work from Home
28.41%
Other
0.64%

The median travel time to work is 24 minutes.

People

Population
18,527
Median Age
42.80
Median Household Size
2.65

Education

High School
15.99%
Associate’s Degree
8.02%
Bachelor’s Degree
28.15%
Graduate Degree
30.28%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Similar Homes

Message

Interested in this home?

Request more information: