Maria Quattrone's Blog & Real Estate News

 

June 19, 2017

Spring Ahead to Summer Fun with a Professional's Quick Tips

Spring Ahead To Summer Fun With A Professional’s Quick Tips

Spring is a time of new beginnings and renewal, and a time when the extended day shines a spot light on those home and garden improvement projects that have hibernated all winter.

           

By Walter Morgynski

 

 

The ground has thawed and the leaves are budding. Spring is a time of new beginnings and renewal. It is also a time when the extended day shines a spot light on those home and garden improvement projects that have hibernated all winter. The list extends from cleaning up the leaves and limbs outside to paint touch up and ceiling fan installations inside. If you are “lucky” enough to have a pending event — Prom pictures, Holy Communion, Bar Mitzvah, or Graduation — the stop watch is running. Enclosed are a few helpful hints that could make your list melt away like last month’s snow.

Outdoor Projects

When it comes to your exterior work, there is no such thing as fashionably late. You want to have those projects complete before the weather gets too hot. The bulk of the work may involve simple clean-up, however, the winter’s howling winds and flying limbs may have caused some undetected damage. For the security of your home and family insure that the exterior lighting is working properly or if bulbs need to be changed. Flickering lights could be a sign of underlying damage. We often think dimming or flickering lights are caused by a power surge, however, flickering lights can be a symptom of a wiring red flag. Many home inspection professionals and electrical contractors offer basic security inspections for a small fee or included with another service appointment. These small preventative corrections can save hundreds of dollars for wide-scale repairs or insurance deductibles.

 

Indoor Projects

Air conditioning or cooling may seem like a simple comfort but you need to maintain your equipment. The Alliance to Save Energy (ASE) says that a well-maintained cooling system will run more effectively, use less energy, and lower your energy bills. With that in mind, contact a professional heating and cooling contractor to inspect your system. This could be the perfect time to consider an advanced, energy efficient zoned system that can cool just one room or be strategically zoned for a large home. This is a great time of year to get a free estimate or take advantage of pre-season savings for installation. If your needs are not that sophisticated, it’s a great time to install those ceiling fans to keep the air moving.  Don’t wait for those 100 degree days to think about cooling your home.

 

This may also be a season when you consider tackling a home renovation or addition. It’s great to organize or create new space.  Don’t forget to consider lighting or wiring needs for the space.  If you are adding square footage to your home, you may need to upgrade your electrical panel to accommodate the new space.  This is also a great time to consider recessed lighting, dimmer switches, USB charging ports and security surveillance features.  To ensure that these home automation and comfort features are installed properly and safely, consult a local professional.

If you are looking for professional help, there are a few things to consider. Contractors tend to specialize; some concentrate on new construction, some just in commercial work, and some go only on service calls to fix dead outlets or faulty fixtures.  Those who specialize in remodeling have mastered techniques for wiring existing homes and additions, such as snaking wires through finished walls, assessing the capacity of existing circuits and evaluating whether to install an additional service panel (where the circuit breakers are) to handle increased power demands. If you would like to discuss your project and what you may potentialy need, feel free to call your friendly, home specialists at GEN3 Electric.


Read more at http://www.phillymag.com/sponsor-content-promo/#w6vMDp2tUB8WJkQx.99

June 17, 2017

Philly Ranked 5th Most Walkable City in the US This Year

Philly Ranked Fifth Most Walkable City in U.S. This Year

Miami moved up in the annual Walk Score rankings, dislodging the city from fourth place.

 

All of Center City’s neighborhoods, from the Avenue of the Arts on down, are “Walker’s Paradises,” contributing to the city’s continued ranking among the five most walkable cities in the U.S. | Photo by Jeff Fusco

A mere two-tenths of a point dropped Philadelphia from its perch as the nation’s fourth-most-walkable city in this year’s Walk Score rankings of American cities.

Miami traded places with Philadelphia to become the No. 4 most walkable city in the U.S. on this year’s list. But no one should lament this development, for what it means is merely that cities all across America continue to up their walkability game.

A news release from Walk Score parent Redfin noted that once again, all of the 10 most walkable cities had higher Walk Scores than they did last year, and of the top 50, only Omaha saw its Walk Score fall (by a mere 0.3 point). Philadelphia’s Walk Score of 79 was 0.7 points above its showing last year, but Miami posted an even stronger gain of one full point to 79.2, putting it in fourth place and Philly in fifth.

Local Redfin agent Blakely Minton attributed the city’s continued walkability gains to people recognizing the role neighbohood amenities play in enhancing house values. She gave Northern Liberties as a prime example.

“At first [agents] had a hard time getting people to move there,” she said. “That wasn’t because it was on the outskirts of anything, but because it had no grocery store. Once they started adding grocery stores and other neighborhood businesses, values took off.

“When you’re in a city where parking is at a premium, you have to have places where people don’t have to get into a car to go everywhere. You need banks, you need grocery stores, you need dry cleaners, you need day care.”

Minton acknowledged that this lifestyle appeals to only a segment of the overall residential real estate market, but it’s a segment that has grown over the years. “Walkability has become a national term that people are recognizing now. They realize it matters to the value of their homes and the desirability of their communities.”

Plus, she said, “City people love to walk.  They don’t want to have to rely on a car to do everything. They may not even want a car at all.”

As it has been since Walk Score began issuing these rankings, New York remains the king of the hill, with its Walk Score continuing to inch upward towards “Walker’s Paradise” territory (90 points or better). Its Walk Score of 89.2 this year is its highest ever and 0.3 points above last year’s score. Rounding out the top five most walkable cities are No. 2 San Francisco (Walk Score: 86.0) and No. 3 Boston (80.9).

Walk Score’s annual rankings cover all U.S. cities with 300,000 or more inhabitants. They are derived from Walk Score’s methodology, which assigns points to individual addresses based on distance from amenities, density of population, block length and intersection density.

Every one of the 10 most walkable cities has neighborhoods that rate as “Walker’s Paradises,” where daily errands do not require a car. All of Philadelphia’s 10 most walkable neighborhoods, which appear below, fall into this category.

Eight of the city’s nine large divisions as defined by Walk Score and 54 of its 68 neighborhoods were rated at least “Very Walkable,” with scores of 70 or better that indicate that most daily tasks can be accomplished on foot. All of the neighborhoods that fell short of this standard save one — East Parkside in West Philadelphia — were in either Northwest Philadelphia (in descending order: East Falls, Chestnut Hill, Roxborough) or Northeast Philadelphia (all the others). But even Northeast Philadelphia, the least walkable of the city’s large divisions, contains several Very Walkable neighborhoods: Tacony-Wissinoming, Frankford, Oxford Circle-Castor Gardens, Lawncrest and Mayfair all fall into that category (again, in descending order).


Read more at http://www.phillymag.com/property/2017/06/06/philly-ranked-fifth-most-walkable-city-in-u-s-this-year/#uuEx1LSWbbId3sEU.99

June 16, 2017

Just Listed: A Standout Home in East Kensington for $585k

Just Listed: A Standout Home in East Kensington for $585K

 

Looking for an antidote to the bland, boxy and boring? Red Oak Development built this place with you in mind.

2401 Emerald St., Philadelphia, Pa. 19125 | Photos: Sandy Smith

Red Oak Development, the people who built the Parish House not far from this place in East Kensington, pride themselves on being a notch or two — or several — above the run-of-the-mill builders throwing up new homes around the city.

They seek to give each home they build personality through the use of local craftsmen, reclaimed materials and original design.

This brand-new townhouse that went on the market today oozes personality out of every pore of its being.

Especially on the outside. “We had neighbors asking when we were going to clean up the outside,” said Red Oak principal Anthony Giacobbe.

That outside is as clean as it will ever be: it’s made of Cor-Ten steel, the kind that forms its own protective coating of rust.

Inside, it has a bunch of other original elements. Like that staircase from the second to the third floors. It’s actually cantilevered over the sidewalk, allowing for more interior room within the traditional building envelope. A steel column running through the building stairwell, fabricated in-house by Red Oak along with the rest of the staircase’s structural and decorative steel, provides the support needed for the cantilever to work.

A joint effort between Toner Architects and Bright Common, this home is also filled with the quality fixtures and fittings that go into Red Oak homes, including the handmade Eurostyle cabinetry, zinc-topped island table and concrete countertop with natural shell imprint in the kitchen, all products of local craftspeople. (Quality doesn’t have to be expensive, by the way: the kitchen drawer organizers were obtained through Ikea.) KitchenAid appliances round out the quality parade.

Custom lighting by Red Oak adds an element of industrial chic to some of this home’s spaces, most notably the main stairwell. Green tile in the master bathroom adds a splash of color, and the double-sided roof deck offers a great view. The master bedroom has its own deck as well.

The porthole window in that stairwell gave the stager the inspiration to decorate this home with a nautical theme, as the pictures below show. We think you’ll be impressed with the statement this home makes as well as the features it offers.

THE FINE PRINT

BEDS: 3

BATHS: 3

SQUARE FEET: 2,500

SALE PRICE: $585,000


Read more at http://www.phillymag.com/property/2017/05/31/just-listed-a-standout-home-in-east-kensington-for-585k/#gKM6VuBbucTsjT7Z.99

June 15, 2017

What Happens to the Real Estate Market if Mortgage Rates go

  • Low rates have spurred demand for property, led to price increases in stable markets and stopped the landslide of prices from the 2008 crisis.
  • While we don't know how every facet of the market will behave if loan rates begin to increase, we can predict that investors will lose their buying capacity and deposits will begin to yield again, though minimally

The mortgage rates in Europe and the U.S. have been declining in recent years and finally fell to a record low in 2017, while property prices have been quickly increasing.

In 2015, the Federal Reserve System (Fed) began gradually increasing the refinancing rate. Many assume that the mortgage burden will also increase, putting pressure on property prices as investors anticipate higher return on investment.

Is the price adjustment really a matter to worry about?

How mortgage rates have affected property prices

Europe and the U.S. have been pursuing the easy money policy in order to activate their economies since 2009.

As a result, an unprecedented event — the cost of money falling to zero and negative values in some countries — has been taking place in the global economy over the last five years.

Mortgage loans have become almost free: According to Statista.com, the mortgage rates in Germany decreased from 5.2 percent to 1.5 percent between 2007 and 2016.

In 2017, German resident investors can buy flats with an 80 percent loan-to-value (LTV) mortgage at 1 percent per annum, rent them out and get yields of 3 to 4 percent per annum. Property owners can pay the mortgage with their rental income and enjoy the annual property appreciation by 2 to 5 percent, depending on the location. The cost of financing is significantly lower than the rental rates.

Bank deposits have stopped yielding and even become disadvantageous, as most European banks charge their clients for keeping money. People have to find alternative investment vehicles and increasingly opt for real estate, which is a comprehensible and reliable way of investing with relatively high yields.

All of the above has led to a situation where the real estate asset owners do not want to sell their properties at reasonable prices. If the investors “go into cash,” they will need to reinvest the money in something, and there are very few offers. Having deposited money with banks, they will have to pay negative rates.

This narrows the number of offers in the market even further.

 

 

Low rates have spurred demand for property, led to price increases in stable markets and stopped the landslide of prices in countries that suffered from the 2008 crisis.

According to Eurostat, the residential property in Austria and Germany became 20 percent more expensive between 2013 and 2016, while certain markets (e.g., Berlin and Munich) grew even more rapidly.

During that same period, the prices in Spain and Portugal hit bottom and then started going up, while the markets of Australia, Hungary, Ireland, Canada, Poland and the U.S. were growing actively.

The European real estate market of today can be explained using the following metaphor: Germany is a bathtub, and water is the capital. The bathtub is full, so the water overflows to the secondary markets: Hungary, Ireland, Spain, Portugal and the Czech Republic.

Low rates have also augmented the supply as more capital became available for construction. Thanks to cheap mortgage loans, the global market has seen much development over the last six years. The developers would not have carried out many of their projects, and the clients would never have purchased the constructed properties without this capital.

Will the rate increase lead to a price reduction?

The situation in the lending market has begun to change over the last two years: the U.S. Federal Reserve System has increased the refinancing rate three times since 2015 and will probably do so two more times before the end of 2017 (in June and in December).

The Fed is raising the refinancing rate cautiously. Its goal is to find an effective balance between the risks of low rates and the desire to encourage economic growth.

When it comes to the refinancing rate, the mortgage rates depend. Notably, a rise in U.S. interest rates may be followed by an increase in the rates of the U.K. and continental Europe.

While we don’t know how every facet of the market will behave if loan rates begin to increase, we can predict that:

  • Investors will lose their buying capacity
  • Deposits will begin to yield again, though minimally
  • The volume of construction will reach its peak
  • Supply of real estate in the market will increase
  • Owners will want to lock in their profits or reject burdensome mortgages and properties that have lost their liquidity

All this may stop aggressive purchase growth and even cause a property price decline in peripheral locations.

For instance, a property in the U.S. was bringing its investor a yield of 5 percent per annum with a treasury yield of 1 percent. The spread (or the investor’s risk compensation) amounted to 4 percent per annum.

Later, the general rate level increased and the treasury yield grew to 3 percent. It is logical for the investors (the potential buyers of this property) to require the same risk compensation as before. This means that the yield of such a property has to increase up to 7 percent.

This can happen either with the increase of the rental flow or a reduction of the price per square meter. Long-term rental contracts are rarely reviewed, so price reduction is really the only viable option.

However, according to our estimates, when and if the regulators begin raising the rates, they will do it not rapidly but gradually, for which reason no quick price adjustment is to be expected. But it is true that the growth limit has already been reached in many developed countries. Many investors understand that the prices may go down. Such a risk is most probable in the locations where the population, income and the number of workplaces do not grow.

Our recommendations

The rate growth is a risk professional investors need to consider in advance. We recommend taking specific measures to indemnify your investments.

How to invest in order to not lose money

  • Buy quality assets in locations with healthy population and income growth. Prices fall less during the recession and grow more quickly during the market recovery in central districts.
  • Buy properties with long-term (10 to 20 year) fixed rental contracts. Such agreements allow getting through the period of price adjustment smoothly.
  • Do not refinance the projects, but fix the rate instead.

What to do in order to earn

  • Find micro-locations that are going to gain in price quicker than their neighbors due to reasons like infrastructure and logistics improvements or gentrification. Examples of such neighborhoods include, Poblenou, Barcelona, Lichtenberg, Berlin and Wynwood, Miami.
  • Invest in properties that will be popular for more than 10 years (e.g., micro-apartments, hotels, warehouses and retirement homes).
  • Invest in properties with growing rental revenues and capitalization rates.
  • Invest in value added development and redevelopment projects.

Experienced investors choose 10-year or longer planning horizons when investing their funds in rental properties. As every real estate market is subject to cyclicality, price adjustments are unavoidable in long-term investments.

However, in the mature markets, average yield rates and property price growth rates always outrun inflation, and future price adjustments are offset.

In 2017, we recommend investing in foreign property, relying on the following criteria:

  • Macro-location. A city whose labor market and population income are growing.
  • Micro-location. A gentrified neighborhood near the center where price growth will surpass the city average in the following decade.
  • Property type. Highly liquid properties that will be in high demand for the next 10 year or longer (e.g., micro-apartments).
  • Financing. Fifty to 60 percent LTV mortgage loan at a rate fixed for the longest term possible

These recommendations will help indemnify your investments against market correction risk if mortgage rates go up.

George Kachmazov is managing partner at Tranio.

June 14, 2017

The Nation's Rebirth Officially Begins Friday

 

A little more than a year ago, as it was being demolished, the old National Products Company Building on North Second Street in Old City got a thorough going-over from Bradley Maule at Hidden City, who noted that whatever else happened, the bright-orange-tile Midcentury Modern facade that made the building worth saving would be preserved and restored.

The only difference between Maule’s description of how that would happen then and what will happen starting Friday, June 9th, is that the people in charge of the reconstruction project have changed. Replacing Glenside-based Dale Corporation is the Buccini/Pollin Group (BPG), a Wilmington-based developer of multifamily housing, office buildings and mixed-use projects, including Talen Energy Stadium (nee PPL Park), the home of the Philadelphia Union soccer team on the Chester waterfront.

BPG will develop the property on behalf of its owner, an entity of the AFL-CIO Building Investment Trust, and manage it through its ResideBPG property management arm. The design remains the one Barton Partners unveiled last year: a six-story building clad in metal panels with orange accents that match the restored and newly manufactured tiles below. TN Ward Company will be the project’s general contractor.

In a news release, BPG Co-President Robert E. Buccini said, “We are thrilled to finally begin construction on The National, our first of many planned apartment ventures in Philadelphia. We have steadily expanded our residential development and ResideBPG management platform in nearby Wilmington and have long sought such a signature location as an entry into the strong Philadelphia multifamily market.”

“This development has been in the works for decades and we are eager to see The National join the incredible array of residential and recreational amenities in Old City,” Boris Kaplan, BPG vice president, said in the same release. “We are treating this project with great care in recognition of the historic fabric of the surrounding community.  This location is tough to beat and we expect the diverse dining, cultural and commercial destinations in this thriving neighborhood to drive demand for these apartments.”  

When it was being demolished, the property owner agreed to a stipulation the city included with the demolition permit that the tile and metal facade be preserved, restored and rebuilt. New tiles are being produced to replace those that are in poor condition or have suffered damage.

When completed in the summer of 2018, the new National will contain 192 apartments, 2,000 square feet of street-level retail space, and resident garage parking for 60 cars. Building amenities will include a fitness center, a pet spa, a two-story clubhouse and a roof deck with gas fire pits and grills.

The project will also transform a glorified parking lot next door to the building into an actual park that will serve as a more attractive entrance to next-door Elfreth’s Alley, the nation’s oldest continuously occupied residential street.

BPG is currently building a similar mixed-use residential/commercial project in downtown Wilmington designed to speed the transformation of that city’s Market Street into a live-work-play thoroughfare with activity at almost all hours of the day. That’s already an accurate description of Old City today, which means BPG has less in the way of heavy lifting to do with this particular revitalization project.

A groundbreaking ceremony at 10 a.m. Friday will officially mark the start of construction.


Read more at http://www.phillymag.com/property/2017/06/07/the-nationals-rebirth-officially-begins-friday/#BbdORp6widGw0j2B.99

June 5, 2017

Low inventory and rising prices are forcing many home buyers to become less picky

In the Philadelphia real estate market we are still short on inventory, and rising home prices have made it difficult for first-time buyers to purchase. Interest rates are on an upward trend, which will make mortgages more expensive over the long term, and student loan debt continues to be a significant burden for many buyers. Despite all this, local real estate agents report they are still optimistic for a successful year because a number of other positive forces are in play.

 

 

Our annual survey of local real estate professionals asks for their honest opinion about both the positive and negative forces affecting our market, and this year a full 63 percent said they expect this year to be a busier — and more positive — market than last year.

The No. 1 reason for optimism cited by agents was the improved job market. A few years ago, many different industries had a tenuous hold on their profit margins and had to cut back on hiring, as well as raises or cost of living increases. All three of these factors have improved this year, compared with previous ones, which placed many potential buyers in a much safer financial position.

After improved job market, agents cited the increase of first-time buyers and more qualified buyers as the second and third reasons on the list. Both of these groups have finally saved up enough to make a larger down payment, and more of them have had a few extra years in the workforce, so they have higher than entry-level salaries. This not only gives them more cash on hand but also lowers their debt-to-income ratio, making them much more attractive to lenders.

This season, more than any in recent years, agents are also sharing that potential buyers have become more flexible in their housing wish lists. Buyers are more willing to purchase a home that is in need of upgrades or one that isn’t in their first choice for a location. This greater flexibility is a large part of the reason closed sales are up 8 percent, compared with this time last year, even though active listings are down 14 percent year-to-date. Buyers have gotten the message that they need to broaden their criteria when it comes to owning a home.

The return of equity has helped considerably. Fourteen percent of our respondents listed this as the biggest reason they expect this year to be better than last. The rise in median sales prices has made current homeowners much more willing to sell their home, and that willingness is one of the main drivers behind the inventory that does make it on to the market. While it hasn’t been enough to meet demand, it has made the situation much better, compared with even three or four years ago.

Of course, the price increases that are helpful to sellers can also create an obstacle for buyers, particularly the first-time or younger buyers in the region. But as I mentioned, these groups have several more years of saving under their belts that have made a larger percentage of them able to take on the greater costs. There are also many more mortgage products on the market that cater to these groups, either by requiring a lower percentage for the down payment or allowing greater flexibility when it comes to gifts from family members or student loan balances.

The final reason agents are optimistic about this year’s real estate market is the ongoing increase in rent prices around our region. That can often be the final push for buyers who don’t want to continue missing out on the possible equity they could gain from owning a home.

 

When looking at the market as a whole, we are definitely  in a seller’s market. However, this year has many more positive signs for buyers. The more stable job market and the improved financial position for so many people in our area are some of the biggest factors, but the increase in equity and broader array of mortgage options contribute, as well. Buyers have plenty of reasons to be optimistic this year, too.

 

Article taken from The Washington Post

Full Article here


David Charron, chief strategy officer of Rockville-based multiple-listing service Bright MLS, writes an occasional column about the Washington-area real estate market.

Posted in Properties
April 18, 2017

Spring Rentals!

1622 French Street, Philadelphia   |   $1,500

 

Walking distance from the subway, bus stop, and Temple University! This 2 bedroom row-home is located on a quiet block with a first floor office that can be used as a third bedroom! The recently updated home features a backyard perfect for BBQs. Home was recently renovated, complete with a walkout backyard perfect for cookouts. Landlord pays sewer. Landlord will pay $50/month for water, and tenant is responsible for remaining balance.

 

 

 

        

 

1504 Brown Street, Philadelphia   |   $2,250

 

This property is located between Center City and Temple University. It's a multi-level, four bedroom, two bathroom unit. Oak floors throughout, plenty of closet space, stainless steel appliances, granite counter tops, updated bathrooms, and key-less entry give this home a complete package. Each unit has separate storage in the basement as well as their own washer and dryer.

 To schedule a viewing or for more information, contact us at 800-651-0800! 

Posted in Properties
March 16, 2017

Great Things Come in Threes - Triplex Edition!

334 W Duval St. Philadelphia, PA 19144
$350,000

At 334 W Duval Street, you have it all; privacy and easy access to local amenities! Each unit has its own laundry, modern kitchen and bathrooms, open floor plans, and outdoor spaces! This property is a hot rental for college students since it’s only 10 minutes from LaSalle University. Also, close by is Germantown Ave., which can fill all of your needs! Whether you’re hungry, thirsty, or just want to shop, there are plenty of restaurants, bars, local coffee shops, or clothing stores around! Out of all three units, the 2 bedroom, 2 bathroom is the largest AND it’s bi-level. It includes 2 outdoor spaces, the entire back yard, and deck. The other two units are 1 bedroom, 1 bathroom apartments. Unit 1 currently has a 12 month lease, and the other two units are occupied via month-to-month leases. CRA home loan program available!

 

55 W Pomona St
$240,000

55 W Pomona Street is ONE block away from bustling Germantown Ave. Full of restaurants, bars, shopping; there is always something to do! This triplex is cash flowing, meaning is a great opportunity for investors! Much about this property is new: carpets, appliances, heaters, paint, and roof, along with recent landscape and facade updates. Every unit within the property are 100% consistent in size with very similar finishes. Are you a history buff? The property is right around the corner from the historical Johnson House Historic Site, a stop on the Underground Railroad! With being in the heart of Germantown, you would be close to Center City or the suburbs! CRA home loan program available!

 

2145 Ellsworth Street
$365,000

Point Breeze is looking for an investor! Down the street from Washington Ave, this South Philly triplex is a modest property with a lot to offer! All new electrical, heating, and plumbing throughout the property. There are (2) studios, and (1) one bedroom within this property; all the units have similar finishes. This property is very close to great restaurants, local coffee shops, and bars. Walking distance to Wharton Square Playground, and Chew Playground with a pool, perfect for summer! Plus, easy access to Center City! There is currently a vacancy at this property, so call today for a tour! CRA home loan program available! 

Posted in Properties
March 4, 2017

New Construction Alert: 1431 Poplar Street

New Construction 1431 Poplar Street virtual tour2BD-3BD / 1BA-2.5BA | $240,000 - $325,000 | Francisville

 

Is “new” one of the keywords in your condo search?

 

Well, have we got news for you: four units at the soon-to-be-constructed 1431 Poplar Street — slated to finish in 2017 have recently made their grand debut on the market and are up for grabs -- doesn’t get newer than that!

 

All but one of the units will be bi-level, with Unit 1 having the added bonus of lower-level office space. Top of the line appliances and features will be throughout. Property includes 10-year TAX ABATEMENT! Add to that it's location directly in front of the Philadelphia Opera House project and minutes from neighborhood headliners like Eastern State Penitentiary and the iconic Philadelphia Museum of Art and you'll find these homes in great company. Doesn't hurt that it's close to a myriad of coffee shops, restaurants, and bars!

 

Unit 1 - 3BD/2.5BA 1,565 Sq. Ft.

Unit 2 - 2BD/1BA 991 Sq. Ft.

Unit 3 - 2BD/2.5BA 1,028 Sq. Ft.
Unit 4 - 2BD/2.5BA 966 Sq. Ft.

Posted in Properties
Jan. 6, 2017

COMING SOON - New Construction | 1634 Ridge Ave, Philadelphia, PA

1634 Ridge Ave - Rendering Exterior Front 1634 Ridge Ave - Rendering Exterior Side

 

This New Construction building will be coming soon to the Francisville Neighborhood! Enjoy new construction living with close proximity to Center City and Fairmount/Art Museum areas! Take advantage of the rapid development in the area and surrounding neighborhoods. Property comes with a 10 year TAX ABATEMENT subject to approval and one year builder warranty.

Franncisville, defined as the 28-block area - bounded by Broad Street and Corinthian Avenue, and Fairmount and Girard Avenues - has seen prices more than double, vacant houses bought and rehabbed for sale, construction on scores of empty lots, and a business renaissance within an easy walk of the Broad Street Subway. Its proximity to Center City via subway and bus also makes Francisville more accessible than other similarly resurgent, yet more established, neighborhoods, such as Northern Liberties and Fishtown.

 

Contact Maria Quattrone for more information1_Maria_Quattrone JPEG
p: 800-651-0800
email: info@liveloveathome.com

 

 

 

Contact Star Little for more information!Star Little
p: 443-995-5654
email: slittle@liveloveathome.com

 

 

 

 

Hot New Restaurants - Walking Distance to 1634 Ridge Ave!

 

 

Hickory Lane - American BistroHickory Lane
Corner Restaurant serving New American dishes in a modern wood-accented space with a patio.
www.HickoryLaneBistro.com

 

 

 

Fare

Fare - Organic Restaurant
Eco-Friendly design serves as a backdrop for organic, gluten-free, New American Cuisine.
www.FareRestaurant.com

 

 

 

 

iPHO

iPHO - Vietnamese Restaurant
Upbeat Corner BYO serving Pho & other Viet specialties in bamboo-clad space.
www.iPHOPhilly.com

 

 

 

Bar Hygge  - Danish/American Restaurant and BrewpubBar Hygge
Cozy industrial-style brewpub serving local beer, plus sharing boards with cheese, veggies & more.
www.BarHygge.com

 

Francisville By the Numbers

Population: 9,613 (2010 estimate)

Median income: $47,300 (2009)

Area: 0.23 square miles

Homes for sale: 82

Settlements in the last three months: 204*

Median days on market: 75*

Median price (all homes): $325,000*

Housing stock: 19th-century rowhouses, new townhouses, condos, and rental units.

School district: Philadelphia

 

Information sourced from:

http://www.philly.com/philly/business/real_estate/town-by-town/20131117_Town_By_Town__With_right_location__Francisville_in_the_thick_of_a_boom.html

www.WalkScore.com

Posted in Uncategorized