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Subject property viewed across from the Village's Monument Square Park
will also trade for
retired cruise
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An exemplary restoration candidate
$5,900,000.00+ value to replicate
Georgian's Detailed Particulars
An extraordinary property situated high on a one plus acre knoll overlooking the small picturesque village 100* miles West of NYC was hand crafted in 1901 by old world artisans using only the finest materials available. This landmark was commissioned by Charles Schwab, an astonishingly wealthy individual for whom money was no object. Even today, this Georgian would demand $5,900,000.00+ million to construct using modern construction techniques & materials, but if one were to replicate this Georgian structure exactly as it was originally crafted in 1901 (stone for stone) one could easily spend an additional couple of million on top of the $5.9MM to duplicate - upwards to $9 MM or so.
Charles Schwab President of both U.S. & Bethlehem Steel in addition to being partner of Andrew Carnegie - noted as the "World's Richest Man." Schwab constructed this beautiful PA property as a gift in honor of his wife who was born nearby. The Schwab's donated the Georgian to the State in 1903 where it was dedicated as a Monumental Public Building and School. Seldom in a lifetime does a private individual have the rare opportunity to acquire such an achievement in architectural excellence.
Located nearby you will find shopping, a large modern hospital, ski resorts, Pocono Casino Resort info, Penn State University campus, a private aircraft airport and various state parks.
MANY USES: The Georgian's very desirable R-3 zoning (high density residential zoning) offers numerous possibilities such as conversion to a Grand private residence, B&B, apartments, summer home, private school, corporate headquarters, office space, church, artist colony, nursing home and/or assisted care facilities, non-profit organizations or donate to gain significant financial and tax benefits, conference center, museum, private hall for social clubs, fraternities, lodge, for Trade up/down or even for or?
Prime for multi-family conversion as the waiting List for Apartments Tops 50,000 Statewide, Reports the Housing Alliance of Pennsylvania
The Housing Alliance of Pennsylvania today released a report saying that more than 50,128 qualified individuals and families are on waiting lists for apartments through the Housing Choice Program. Click here for further info-
As an extra bonus, the property also has a 22,000 + s.f. utilitarian masonry annex which was added on in the 1930s and enlarged once again in the late '50s. Though it's masonry construction is quite structurally very sound but will require a good deal of TLC attention or simply removed as to gain additional green space. Contained within the annex you will find a huge free-span area of 6,000 or so s.f. which features 18+ ft. ceilings; this area could be converted into an indoor garage, artist studio, workshop, swimming pool, tennis courts, or just about anything it's generous R-3 zoning will allow as previously noted above.
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The interior of the 1901 landmark primarily consists of many grand rooms, some of which are adorned with magnificent intricate plaster pediments, medallions, cornices, lion masks and hardwood joinery. The main floors (1-2) feature beautiful natural finish oak wainscoting, hardwood floors, and numerous massive raised panel doors in hand-select hardwoods.
The Schwab property also features "His and Her" walk-in bank vaults; in addition, this impressive Georgian boasts an exceptional third floor formal theater (ceiling needs work, seating removed) for a total of 5,550 s.f. on this floor complete with a full stage, dressing rooms, cedar-lined costume closets plus ample storage including an area for stage props!
The classically proportioned and extremely beautiful 1901 historic landmark's original section is structurally in very, very solid condition in need of mostly updating, landscaping & interior cosmetics. Should far exceed your highest expectations compared to similar projects at any price and will definitely make a bold statement for all to behold in awe of its spacious grandeur.
The rare and important Seth Thomas clock tower is a warm welcoming beacon for you and/or your guests as it may be observed as one approaches the property from almost a 1/2 mile away. The Tower Clock mechanism is forever set in local lore and history and to this date still keeps perfect time. The Schwab's distinctive monumental clock tower is heavily adorned with elaborate detailing on all four of its Roman-style clock faces which are surrounded with a laurel wreath foliate. Each clock face is also flanked by a pair of Roman Doric columns. The tower clock is considered by many to be one of the finest examples of its type commissioned during the Gilded Age.
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Basement 7,549.5 s.f.
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1st Floor 7,749.5 s.f.
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2nd Floor 7,749.5 s.f.
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3rd Floor Formal Theater 5,550 s.f. including dressing rooms, costume closets and halls.
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Attic/Clock Tower (4 stories) 8,479.5 +/- s.f., a 125ft walk-up from the basement to the clockworks which could be make an interesting hideaway.
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Annex 22,432 +/- s.f. semi-detached to the original 1901 structure via two story hall way. (in need of TLC or removed for additional green space)
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Electric: Heavy duty 400 amp 3 phase.
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City water, sewer and refuse collection.
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Utility Costs including refuse collection are $70. +/- on average per month (Actual - winterized cost).
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ADT fire alarm and security system.
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Breathtakingly massive stonework - each chisel cut could be considered as a "work of art" in itself..
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Art Nouveau period brickwork - an exceptional example of this ornate style.
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2008 Real Estate Taxes $10,833.53.
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Value - "Priceless" per most historical preservation societies, actual true replacement cost, $5.9MM to $8.9MM
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ONLY TWO (2) private owners since 1901 (other than the State).
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RARE - Possibly the only True Historic Clock Tower property offering of this type in the U.S.
Engineering overview
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Original 1901 Section is in extremely solid structural condition, in need of mostly the usual updating plus landscaping of the grounds.
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Annex added in the 30's & 50's though it's masonry is very solid, it is in need of much TLC or remove to obtain a more estate like presence.
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Recommend electric baseboard units for primary heating system allowing for separate zoning/metering, leave existing system as a backup.
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Historic Schwab Tower Clock
The infamous Schwab building's clock was forever set in local lore and history when David Weatherly, a partner in one of the first Railroads in the U.S., in the late 1840s offered to donate a town clock for their pretty little village provided they rename it in his honor and mysteriously disappeared before delivering a clock. Mrs. Charles Schwab years later made good on that promise with the property's Seth Thomas Tower Clock.
