3130 Russell Boulevard , Saint Louis, MO 63104

Property Description

$200,000 PRICE DROP for fast sale, PRICED WAY UNDER MARKET VALUE DUE TO CASH-SALE-ONLY OPTION UNDER RENOVATION with HUGE EQUITY BUILT-IN! Welcome to the equivalent of the 1800s St. Louis Ferrari Mansion originally built by James Connolly, the Gold Medal Winner of the American Car and Foundry Company, our Ferrari Vs. Lamborghini rivalry at the time, and later a prominent industrialist, businessman and politician. Smitten by its unique historic grandeur, the current owners embarked on a serious renovation, removing asbestos walls, peeling molded wallpaper, stripping layers of paint off of lush hardwood pillars and fireplace mantels until the bygone splendor glistened underneath to reveal its lush elegance. Bring your designer and unleash your imagination to make a statement with striking colors, Onix, travertine, malachite and velvet because this gorgeous beauty with an entrance foyer, grand staircase, stunning leaded glass masterpiece, formal living and dining rooms, butler's pantry, kitchen, possible elevator and grand primary suite on the third floor (now billiards), 5BR, 2.5BA, 6500+ wonâ??t wait! The party zone in the back is already finished, with its vaulted 14+ ceiling dome, heated floors, hot tub, see-through indoor-outdoor functional fireplace, wet bar with granite countertops, 2 drink coolers and a garland of windows that make you feel California. The 3-car garage has a 2nd floor that could be a guest suite or a studio, gracefully separated from the main residence by artfully landscaped flower beds. Most systems have been updated. The home is conveyed in AS IS condition due to the stage of renovation. The house is priced much below market value because it cannot be financed with a conventional mortgage, but only cash. We have an after-renovation appraisal available upon request for close to $1.4 million with the same configuration of bedrooms and baths, the value would raise by $200K+ if bathrooms are added, as per the appraiser and would increase even further if the second floor over the three-car garage is finished as a studio or a guest house. This is an incredible opportunity to finish this development, of which the heavy lifting is already in place! A rare find in the neighborhood with infrastructure like no other on the market at the moment. First come, first serve with some with close to $500K of equity at the moment.

Property Features

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