It's not listed with a broker yet, but will be soon," archdiocesan spokesman Kenneth Gavin said of the property at 114 S. Princeton, which stretches a full block along the Boardwalk and is assessed at $6.2 million.
21,875-square-foot villa, which last year cost the archdiocese $114,562 in property taxes, was acquired by then-Archbishop John Krol in 1963 from Hannah G. Hogan, a real estate investor and owner of a plumbing supply company. Hogan wanted the home used for elderly and ill priests in memory of her brother, the Rev. Edward Hogan.
Though the property - which Hogan bought for $55,000 in 1961 - was said to have been donated to the archdiocese, its June 2, 1963, deed shows tax stamps indicating a sale price of $100,000, according to the Atlantic County Clerk's Office. It is now one of the highest-assessed homes in Ventnor.
Archdiocese of Philadelphia plans to sell Ventnor villa - Philly.com
No comments:
Post a Comment