I just sold a fantastic lot to one of my Developers at Front and Dickinson Street in The Pennsport section of Center City Philadelphia. Fifteen homes will be built, delivery Spring 2017. Each home will have Garage Parking, 10 year tax abatement, Roof deck and 2500-3200 square feet. There are corner homes available as well. These 4-story homes will have amazing views and top of the line finishes throughout. Contact me for details and to reserve a unit. Jim
The homes can be 2 or 3 stories.
Parking: 65 parking spaces, 2 spaces each for 31 houses plus additional parking.
Each house is 16 x 48 with front and back yards.
16 twins and 15 rows and each lot is 3335 sq. ft. per unit.
Asking price $1,680,000 ($54k per lot)
Can be delivered with or without zoning approvals!
Well Maintained neighborhood close to Regional Rail, public parks, JC Melrose Country Club, highways etc.
For more info contact Jim Onesti – 215.440.2052 or email@example.com
BHHS Fox & Roach – McCann Team – 215.627.6005
Not yet on the MLS
1713 S. 9th Street. Passyunk Square. Huge 2 story corner home with GARAGE, deck, 4 bedrooms and two baths. Needs updating but in great condition! Asking $225k
1318 S Opal, Point Breeze, $79k. Two stories, needs complete renovation.
1320 S Cleveland, Point Breeze, $89k. Two stories, needs complete renovation.
14 lots in Northern Liberties, fully approved for town homes with garages and parking. $150k each!
Contact Jim Onesti for more info. 215.440.2052 or firstname.lastname@example.org
BHHS Fox & Roach Realtors & The McCann Team. 215.627.6005
We estimated the package to be worth $10 million IN AS-IS CONDITION and with value added it would be worth closer to $13 million.
These properties have all recently sold and settled, with most of them in as is condition and most for an average sale price of $400,000++ per property!!
With demand in the Graduate area extremely high and inventory extremely low, this was definitely a once in a lifetime opportunity!!!!
This project is ready for an investor to pull permits. Over one and half years have gone into drawings, meetings, streets department and zoning.
Property is approved for 16 units, 1-commercial restaurant and 15 residential units with 1-1 parking for residential units.
22,000 square feet building with plans for a green roof with common roof deck, dog walk and elevator service throughout.
Plans are available for review! Asking $1.8 million.
For more information contact * Jim Onesti * 215.440.2052 * email@example.com
An over assessed property can cost property owners and tenants several thousand dollars in additional taxes annually.
Negative impacts of an over assessed property: Lower net operating income if the real estate taxes are not reimbursed by the tenants. Tenants have numerous choices in today’s real estate market and consider not only the initial face rent but the pass through expenses when choosing a location for their business.
The additional real estate taxes from over assessment can result in a lower face rent for the property. Landlords may have trouble obtaining or retaining tenants due to the high real estate tax burden due to over assessment when the real estate taxes are passed through to the tenant. Lower value when selling the property or obtaining an appraisal for refinancing.
Bottom Line…an over assessed property costs you money!
The initial cost of properly preparing an appraisal report as well as the cost of obtaining legal counsel for the tax appeal hearing may seem costly at first and expenses sometimes exceed the first year’s tax saving. However, these tax savings will continue in the following years and the future benefit will far outweigh the initial cost.
Last year 579,000 properties were reassessed in the City of Philadelphia to establish “fair and accurate” market values. Unfortunately, not all properties received a “fair and accurate” value causing the derailment of commercial real estate deals as well as shocking commercial property owners with overwhelming tax increases based on an incorrect assessed market value of the property. Even though, not as dramatic the four suburban counties of Bucks, Chester, Delaware and Montgomery have widely divergent assessed market values.
Philadelphia Suburban Realty Appraisal Group welcomes the opportunity to provide you and your clients with a proposal for commercial real estate appraisal services to support your property assessment appeal. The Philadelphia Suburban Realty Appraisal Group is a team of professional commercial real estate appraisers that can determine the realistic market value of your commercial real estate. If you are one of many commercial real estate property owners paying taxes based on an overvalued property you need to act soon. Call TODAY to find out how they can help! Their appraisers work with attorneys, tax consultants and private property owners to produce accurate and reliable appraisals to bring about fair tax assessments.
For more information contact:
Joseph Vizza, MAI