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Prince Albert had to compete with other buyers for Grace Kelly’s home

But he got it in the end

Last week, news broke that Prince Albert, the son of the late Princess Grace Kelly and Prince Rainier, bought his mom’s childhood home in East Falls for $755,000. But despite his credentials, he had to compete with other buyers for the home just like any other person, according to the listing agency who represented him.

After staying mum for weeks after the sale went through, Elfant Wissahickon Realtors released a Sale of Note on their website yesterday regarding Kelly’s childhood home at 3901 Henry Avenue. John O’Connell represented the prince in the sale.

Even a property with historical significance can be affected by a fast-paced real estate market. In order for the Kelly Family to acquire the property, they had to compete with other buyers. As a result of the skill and patience of John O’Connell and the Kelly family, the sale was successfully negotiated and this historic landmark was returned to the family.

The day after settlement, the flags of the United States, the Republic of Ireland, and Monaco flew over the main doorway fronting on Henry Avenue.

Turns out Prince Albert and his cousins have wanted to return to the home for some time and see it restored to original condition. Kelly’s father, John Kelly, built the home in 1935. Prince Albert told People magazine that he remembers visiting the home as a child and “rolling about on the carpet.”

The prince and a cousin John B. Kelly III visited the home this past Tuesday for a tour and inspection. Kelly told reporters that they’re still considering what to do with the home. It could be a U.S. office for the prince’s foundation, or serve as a space to showcase Princess Grace Kelly’s interests and memorabilia.

However, a full-time museum doesn’t sound likely: “If it was successful, the neighbors wouldn't like us very much,” John B. Kelly told 6ABC.