A — August 31 - September 13, 2012 — Mid Atlantic Real Estate Journal www.marejournal.com M id A tlantic R eal E state J ournal A uctions
19 rooms on half-acre property to be sold by Max Spann Archdiocese of Philadelphia to auction beachfront mansion
V
ENTNOR, NJ — Villa St. Joseph by the Sea, a 19-room beachfront
Located within minutes of Atlantic City, the 9,800 s/f mansion was ceded for $1,000 to the Archdiocese in 1963 by Hannah Hogan in memory of her brother, the Rev. Edward Hogan, and has been used as a vacation retreat for elderly priests. Because of the distinctive uniqueness of the beachfront estate, theArchdiocese chose to let the market determine the value through an auction with Max Spann. “Vacation homes in shore communities are taking two years to sell in some cases and theArchdiocese wants to sell this property now as op- posed to potentially waiting,” said Max Spann, the presi- dent and CEO of the firm. “With unique properties like this, it is often difficult to de- termine a market value. Our auction will bring together motivated potential buyers who will have an opportunity to bid against each other in the open to determine a fair market price.” The property could pos- sibly be re-zoned up to six lots and be re-developed by an investor. The half-acre Villa St. Jo- seph property spans a full beach block with 175 feet of beach frontage. The property features private gardens with a fountain surrounded by brick walls and iron gates. Built in 1905, the mansion has 11 bedrooms, each with their own private bathroom, and numerous covered porch- es and decks with panoramic views of the ocean, beach and boardwalk. The home also features expansive formal and ca- sual dining rooms with ser- vice stations, a commercial kitchen, a grand foyer with parlor, sitting areas, custom millwork, an elevator, and a stunning staircase. A full basement features service and laundry areas, storage, a full bath and an office. The home also has a two-car de- tached garage and off-street parking. “The estate is stunning,” Spann said. “We are confi- dent we can find a new owner that will appreciate it.” n
mansion owned by the Arch- diocese of Philadelphia, will be sold via auction in Sep- tember. Max Spann Real Estate & Auction Co. has scheduled the auction for Saturday, Sept. 15 at 1 p.m. on the property, located at 114 S. Princeton Avenue. Open houses have been scheduled from noon to 2 p.m. on Saturday, Sept. 1 and Sunday, Sept. 9.
114 S. Princeton Avenue
“LIVE” REAL ESTATE AUCTION / SEPT 26
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For Brochure &Terms of Sale call 877-430-9558
Chartwell Group, LLC · Gordon Greene VAAL #3716 Jason Dolph,VA Broker #0225192495 • www.chartwellauctions.com
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