When We Tell You A Deal is a Home Run You Should Listen!!

CoverLast year we had a 31 property package of Graduate Hospital homes listed at $8 million.

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!!!!

Chart

 

Fully Approved Developer Opportunity in Fishtown!!

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  *  jonesti@mccannteam.com 

New Philly Rehab Deals!!! February 2014

Thank you to all of our clients who keep bringing us great deals!!

New rehab and new construction deals for sale:  cropped-jim-81111-030.jpg

2 lots, street to street, Northern Liberties, $212,500 each, potential resale $700,000 ea. River views,

2 car garages!

Passyunk Square, 2 story fixer upper on the North side of the neighborhood, 100k!! potential resale 325k. HOME RUN

Fishtown, 9 lots, 110k each, Build 9-New Construction homes at a great location in one of the hottest locations in Philadelphia. potential resale 475k each

For more information contact Jim Onesti, Mccann Team, BHHS Fox & Roach Realtors    jonesti@mccannteam.com

#1 Real Estate Team in Philadelphia   ~  Over 600 settled transactions in 2013!! cropped-kit1.jpg

New This Week…

The median list price in Philadelphia this week is $225,000

The market action index has been trending down lately indicating demand falling along with supply. Conditions point to mildly negative trends for the market.

Phila

For a summary of this weeks activity: CLICK HERE!

For a market update report: CLICK HERE!

For more information, to sign up for weekly updates OR to find out what your home is worth, contact me today!! Jim Onesti. 215.440.2052 or jonesti@mccannteam.com

Land and Shells NOT ON THE MLS!!!!

Here are a few deals not on the MLS!!  Act fast before its too late !

17xx Latona  Point Breeze  $115,000   potential resale $250,000

1329 s Hicks   Point Breeze/New Bold   $115,000

13xx Cumberland Street  Temple University   $700,000  16 unit Building with 4 additional lots   1/2 a block from Broad Street

Fishtown Lot with zoning approvals for a new home!! $69,900

 

Jim Onesti

BHHS Realtors   Fox & Roach

McCann Team

 

 

 

 

New This Week…

The median list price in Philadelphia this week is $279,900.
Demand measured by the Market Action Index is increasing and days-on-market is trending downward.
Even as more properties come available, these are positive trends for the market.

Publication1

For a summary report please CLICK HERE!

For a market update report please CLICK HERE!

For more information or to sign up to receive weekly updates delievered right to your inbox please contact
Jim Onesti. 215.440.2052 or jonesti@mccannteam.com

Northern Liberties is on FIRE!!

As most people know, Northern Liberties is on fire!  We are now selling single lots for $160k EACH!!

The Growth has spilled one block north into 19122 and this area is going through a tremendous transition!

You can still purchase single lots between $50k and $75k in 19122 and we are now selling 3 story new construction homes for $400k-$420k.

Currently There a few large developments getting close to breaking ground in 19122 and once they do, we anticipate further development and we feel land prices will rise because demand will rise significantly.

19122 is a great place to buy NOW before its too late…

Here are a few available projects:
– 1631-33 Cadwallader street.  two lots. 16’ x 71’ and 16’ x 74’   $45k each.

– 14XX-14XX Germantown ave.  5 lots that run street to street allowing two car parking in the rear of each new home.
$69k each for the four larger lots and $39,900 for the smaller 5th lot.

– 2027 & 2029 Huntington st. THESE two are FISHTOWN lots, 19125, but they are a great value! $40k each.  16’ x 60’ and 17’ x 60’

For more information contact Jim Onesti. 215.440.2052 or jonesti@mccannteam.com