An 1890s mansion in Wayne that was once home to the famed Jacob Reed Clothier family has hit the market again with a slashed price tag and fresh listing photos to boot.
After undergoing a top-to-bottom renovation over the past few years, the 7-bedroom, 5-bath home now wants $7.4 million, making it the priciest home for sale in Wayne.
Built in 1898, the enormous 11,500-square-foot home was designed by architect William Lightfoot Price, who once worked with Frank Furness and was one of first designers to use reinforced concrete. But when the Jacobean Revival mansion last sold in 2014 for $2 million, its age showed.
Fast forward to today. Much of the expansive home’s original architectural details were kept during the renovation, including the incredible millwork in the two-story foyer. But the home does come with a long list of updates. The kitchen, for example, is brand new and features Calcutta countertops, and the fireplaces are now gas, turned on by the flip of a switch. There’s also a newly built three-car garage on the two acres of land.
The home was last listed with an $8.5 million price tag in August, which placed it among the top 15 most expensive homes for sale on the Main Line. We’ll see if it the smaller asking price will help the mansion find a new owner, or if it’ll need a few more price chops.