6439 Cherokee StreetPhiladelphia, PA 19119Price: $815,000

A remarkable opportunity in the heart of West Mt. Airy! Offering an incredible renovation & development opportunity, 6439 Cherokee Street is a stately stone & brick Center Hall Colonial on a .54-acre corner property. With 4,646 sq ft, 6 bedrooms, 3 full baths, 1 half bath, 2-car garage, 2-car driveway, preserved period details & expansive grounds, this is a rare opportunity to restore an impressive historic home while exploring the development possibilities offered by one of the neighborhood's unusually large residential parcels. Historical records date the property to circa 1898, giving this distinctive residence more than 125 years of history. The home occupies a .54-acre corner lot, with the residence facing Cherokee St. while the existing curb-cut driveway & detached garage face W. Cliveden St. The property offers outdoor space with 3 sides fenced & gated for added privacy. Under the property's current RSA-1 zoning, low-density detached, semi-detached & attached houses are permitted on individual lots & do not require special zoning approval, subject to applicable City requirements. The existing property has the potential to be subdivided into a total of 2 or 3 lots: 1 lot containing the existing home & 1 or 2 additional lots created from the rear portion of the property. Pre-listing appraisals performed by Craig Silverman valued the existing home at $590,000 & the subdividable/buildable rear lot at $225,000, for a combined appraised value of $815,000. Renovated & new-construction detached homes on non-subdividable lots within a 1-mile radius have sold for $1.5M-$1.8M. Buyers should independently verify subdivision, zoning, permitting & development requirements with the City of Philadelphia. A welcoming open front porch introduces the home. Inside, gracious proportions blend with preserved period details including original hardwood floors throughout & original wood doors, glass pocket doors, French doors, leaded-glass transom windows at the entry & original crystal, porcelain & brass doorknobs. Replacement Pella double-pane Low-E insulated double-hung & casement windows are found throughout. Adding even more character are 1 wood-burning fireplace, 1 wood stove & 2 gas fireplaces. The expansive Center Hall floor plan features front & rear staircases. The 1st floor offers a grand foyer, large kitchen, dining room, living room, family room, half bath & laundry/mudroom. French doors from both the living & family rooms open onto a large covered open side porch, creating wonderful indoor/outdoor living & entertaining space. A large walkout basement provides even more space & possibilities. The 2nd floor features 4 bedrooms, 2 full baths, a sunroom & large landing. The 3rd floor offers an exceptional au pair/in-law/guest suite with its own kitchen, living & dining room, full bath & 2 additional bedrooms. Outside, enjoy a detached 2-car garage with an attached greenhouse plus a 2-car driveway providing parking for 4 cars. Property sold in current condition as-is. Seller will make no repairs. Inspections welcome for informational purposes. Incredible walkable location! Blocks to SEPTA's Upsal & Carpenter Train Stations with service to Center City, 30th St. Station & Philadelphia Airport, plus Weavers Way, High Point Cafe, Germantown Ave restaurants, shops, cafes, grocery stores & Mt. Airy Playground. Easy access to schools, parks, hospitals, Lincoln & Kelly Drives, Routes 1, 76, 676, 476, 276, 309 & 95, Chestnut Hill, the Wissahickon, PA suburbs, beaches, the Poconos, DE, NJ, NYC & Brooklyn. With the Philadelphia Homestead Exemption, estimated 2027 property taxes would be approximately $10,228. Buyer should independently verify eligibility & tax amount. Whether envisioned as the restoration of a grand historic residence or an opportunity to explore the property's 2-to-3-lot subdivision possibilities, 6439 Cherokee Street combines scale, land, architectural character & development potential rarely available in West Mt. Airy.