Updated

The Philadelphia home where Oscar-winning actress Grace Kelly grew up and accepted a marriage proposal from Prince Rainier III of Monaco in 1955 is on the market.

Philly.com reports (http://bit.ly/29gqYxy ) the six-bedroom, 2.5-story Colonial in the city's East Falls section was listed last week for an initial asking price of $1 million.

The home was built in 1935 by Kelly's father, John B. Kelly. He was a three-time Olympic gold medal-winning rower in the 1920s and later a prominent businessman active in Philadelphia politics. A sign posted outside designates the structure as a Pennsylvania historical landmark.

The estate sits on a 0.69-acre (27.92-hectare) parcel that features gardens and a private backyard. Inside, the home boasts a formal paneled dining room, finished basement and a barroom, among other amenities.

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Information from: Philly.com, http://www.philly.com/