Prince Albert II of Monaco on Tuesday inspected the first home of his mother, Grace Kelly, in East Falls.
Albert over the weekend confirmed that he had purchased the home, at 3901 Henry Ave., with the possible aim of using it as a combination museum and offices for his Prince Albert II Foundation.
Before Kelly became an Academy Award-winning movie star and then a princess, with her marriage to Prince Rainier III in 1956, the brick Georgian house was her home, completed about the time of her birth in 1929.
She lived there with her parents, John B. and Margaret; her brother, John B. Jr.; and her sisters, Margaret and Elizabeth. Princess Grace died in 1982, her father in 1960, and her mother in 1990. Her siblings also are dead.
The prince, who visited the house many times as a child, told People magazine that he was "looking forward to showing the house to the kids [Prince Jacques and Princess Gabriella], sharing it with them, having them see the garden."
"It'll probably be next year. We'll have to finish the work and then we'll have some sort of opening," the prince said.
The sale of the 4,000-square-foot house closed on Sept. 23 at a reported price of $754,000. The house had been listed at $750,000 when it was removed from the market Sept. 3. It was priced at $1 million when it was originally listed in July.
The city's Office of Property Assessment places the market value of the property at $605,000, with taxable land (0.69 acre) at $124,148 and taxable improvement at $451,452, with $30,000 exempt improvement.
The house was sold on April 10, 1974, by Margaret Kelly to Thomas J. and Janet Lawnton, who then sold it to Anthony J. and Marjorie Bamont six days later, deeds show.
Marjorie Bamont lived there for more than 40 years. She died April 20 at age 84.