3937 TERRACE ST, PHILADELPHIA, PA 19128 (MLS # PAPH870714)

Price $1,100,000
Status Active
Beds 4
Baths 6 Baths
Home size 3,920 sqft
Lot Size 1,307 sqft
Days on Market 14
You must see this incredible luxury residence in the vibrant city of Manayunk! New construction from the 1st floor up in 2008, this 4-story home was built over the 1-story existing garages and brick store front 12 years ago. Uniquely zoned for either residential, neighborhood commercial or a combination of both, this mansion is walkable to the artsy Main Street of Manayunk as well as the train station, only minutes away from Center City Philadelphia. Hotel, Air B&B, or private 4-floor Mansion, this versatile property has been used for all. The owners first lived on the top two floors that boasts a dreamy chef's kitchen with all Viking appliances, including a Viking Industrial stove with a grill and griddle on top also includes two ovens, including a convection oven. This beautiful kitchen receives morning and afternoon light streaming in from the large windows, as well as the French door out to the private terrace where you can enjoy a glass of wine, watching the sunsets. The large kitchen island is open to the dining area with Brazilian Cherry hardwood floors, as well as a sunny breakfast bistro table, wine refrigerator, bar area, and built-in office corner for everything you need right at your fingertips. Continue up a few steps to lounge in the spacious living room, where you will enjoy the floor to ceiling windows highlighting the spiral staircase up to your private rooftop deck with outdoor shower and bar area. Enjoy this views during all seasons with the enclosed portion of the deck, as well as the warmer swimsuit season on the outdoor sundeck. Back downstairs via the private elevator or staircase, you can relax in your master bedroom suite with two walk-in closets, and a master bathroom with separate shower stall with steam, as well as a Maxx jacuzzi that actually heats water while you are in the bathtub. While you are living your best life upstairs in luxury, enjoy the passive income from the 2 master bedroom suites on the 2nd floor. You can rent out this as a two-bedroom apartment with kitchen alcove, dining room, living room and walk-out terrace with retractable awning; OR do an ~Air B&B~ rental with two lockable master bedroom/bathroom suites and a common living/dining/kitchen area. Travel down the separate staircase connecting all three levels, or use the elevator to reach the versatile first floor. Here is another income stream as a studio apartment with kitchenette and master bathroom, another Air B&B space, or you can turn this space into a commercial store front. You can enter from the outdoor terrace French door, or from the main doorway in the hall. The main entrance foyer, which includes the attached office and workshop room, also has an entrance to this space, should you choose to configure this differently than the current use of a studio apartment. Finally, this home comes with 4 garages, truly a luxury in this area! One of the 4 garages is completely finished, connected to the foyer and currently used as an office, but could also be used as another entrance. As the only hotel in Manayunk, zoned mixed-use for Commercial and Residential, the possibilities are endless with this Manayunk Mansion.
Property Type(s): Condo/Townhouse/Co-Op
Last Updated 2/14/2020 Tract MANAYUNK
Year Built 1940 Community PHILADELPHIA
Garage Spaces 4.0 County PHILADELPHIA

SCHOOLS

School District THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Details

AIR Central A/C
AIR CONDITIONING Yes
APPLIANCES Built-In Microwave, Dishwasher, Dryer, Extra Refrigerator/Freezer, Icemaker, Microwave, Oven - Double, Oven/Range - Gas, Six Burner Stove, Stainless Steel Appliances, Washer
AREA PHILADELPHIA
CONSTRUCTION Masonry
EXTERIOR Awning(s), Exterior Lighting, Outside Shower, Street Lights
FIREPLACE Yes
GARAGE Yes
HEAT Forced Air
HOA DUES None
INTERIOR 2nd Kitchen, Bar, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Elevator, Entry Level Bedroom, Floor Plan - Open, Kitchen - Efficiency, Kitchen - Gourmet, Kitchen - Island, Kitchenette, Master Bath(s), Recessed Lighting, Skylight(s), Soaking Tub, Spiral Staircase, Stall Shower, Store/Office, Studio, Upgraded Countertops, Walk-in Closet(s), Wet/Dry Bar, Window Treatments, Wood Floors
LOT 1307 sq ft
LOT DIMENSIONS 18.90 x 75.12
SEWER Public Sewer
STORIES 3+
STYLE Straight Thru
SUBDIVISION MANAYUNK
TAXES 5837.00
VIEW DESCRIPTION City,Panoramic,River,Street
WATER Public
ZONING CMX1

Location

 

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