The home, currently entrusted to US Bank, traded hands from JP Morgan Chase after having been under pre-foreclosure since 2009; presumably, a result of the housing market collapse. Now, still in pre-foreclosure, the property is asking $949,000. According to Zillow, the property was assessed for $1,029,700 with the land being valued at $703,100 and the improvements to the property at $326,000.
The condition of utilities — namely the well, septic, and presence of oil tanks — is unknown, and will not be investigated by the current owners as the buyer will assume all responsibility.
The house is 12,699 square feet on 7.02 acres of green land and was built circa 1900. Desperately in need of a total rehabilitation, the home as it is currently boasts nine bedrooms, eight full baths, two half baths, and 11 fireplaces.
While it’s obvious that the mansion needs significant work to be restored to its former glory, the potential it holds is apparent. Much of the house has fallen victim to the inherent disrepair that comes from lack of occupancy, but it still has some significant architectural features that, once restored, could make this house sing.
The seemingly original curved staircase transcends a double-height foyer with a delicate grace and lightness. A domed soffit ceiling featured in what appears to be the main living area is complemented by tall French doors that wrap the circular space, inviting generous amounts of light.
Ultimately, the desirable location, sizeable lot, and historic architecture are three factors that make the future of this house a bright possibility.
The home, located at 151 Ravine Lake Road, is asking $949,000.
Listing: 151 Ravine Lake Road [Zillow]