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 Name, Same Outstanding Service!

Blog PhotoPhiladelphia’s #1 Realtor and Real Estate Company is proud to announce a bold transformation of its own!

As of November 12th, 2013, Prudential Fox & Roach Realtors is now Berkshire Hathaway Home Services Fox & Roach Realtors.

With the cabernet and cream renovation, you are still and will always be promised professional and committed service, along with the same first rate expertise knowledge and experience. Rest assured, while the name might be different, the quality of service provided will be the same.

Look for our new signs, designed with cabernet and cream colors!

If you have any questions or concerns about this exciting news and what it will mean for you specifically, please contact me at any time at Jonesti@mccannteam.com.

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.

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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

Help Keep the Philadelphia Ten Year Tax Abatement in Effect!!

The Greater Philadelphia Association of Realtors has been lobbying on your behalf to save the ten year abatement! Today at City Council’s first session back from summer recess, Councilman At Large, W. Wilson Goode, Jr. brought his bill#120651 up for final vote. However, because of the tireless efforts of GPAR leadership and volunteers in conjunction with our coalition partners such as the Building Industry Association, the Development Workshop, other concerned citizens , and your contributions to RPAC (the Realtor Political Action Committee), we have AGAIN  beaten back efforts to dismantle the Ten Year Tax Abatement on new and renovated construction.  

 A recap of Thursday’s events:

Councilman Goode, Jr. called for a vote on his dismantling of the Ten Year Abatement.  Our collective, hearty lobbying efforts caused Councilman Greenlee to move to “table” the bill. Councilman Bill Green gave a great speech on behalf of keeping the abatements as is. He articulately began naming a myriad of projects that have utilized the Ten Year Abatement to bring new residents into the City and retain residents who could have chosen to move out. Had it not been for these abatements would these projects have reached fruition?  The motion to table passed overwhelmingly.

This is a victory BUT our work is not yet finished. Councilman Goode Jr. in his final speech stated that he will call the bill up for a vote every week until it passes, and his “friends” from Fight for Philly, who filled chambers chanting for more funds for the schools, will be there as well. 

WE NEED TO KILL THIS BILL ONCE AND FOR ALL!!!!!

Indeed, GPAR is actively promoting a bill to extend the abatement in more challenged areas of the city where the current abatement has not yet spurred interest in development/renovations. Please visit the Ten Year Abatement website below and email, call, visit Council – Urge them VOTE NO on Bill 120651 

HELP keep the Philadelphia Ten Year Tax Abatement in effect – it is available to EVERYONE. It promotes new construction, renovations, jobs, and strongly aids in broadening Philadelphia’s tax base.  Visit phillytaxabatement.com

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

Philadelphia AVI Update!

As you know the AVI Actual value Initiative affects the value of homes and is the basis for our real estate taxes. GPAR has and is continuing to work with City Council on various pieces of legislation that would protect homeowners from tremendous increases in their real estate taxes.

The link below will show 3 forms for you to distribute to your clients who may need some form of relief of the tax burden:

1.     Senior Tax Freeze (filing deadline January 31, 2014) – Your real estate taxes are “frozen” at the 2013 amount. To be eligible, you must be low income (less than $23, 500 in annual income if single; $31,500 if married) and over 65 (or be a widow/widower over 50 whose deceased spouse was over 65).

2.     Homestead Exemptions (filing deadline September 13, 2013) – $30,000 is deducted from the assessment from owner-occupied residences. Applications were sent to all homeowners late 2012. You can check to see if you have applied by visiting: http://avicalculator.phila.gov  type in your address and under Property Information, verify that “YES” is under Homestead. If “NO” then complete attached form.

3.     BRT Appeal – (filing deadline October 7, 2013) – If you believe that the assessment is truly inaccurate as determined by the OPA (office of Property Assessment) you can appeal to the Board of Revision of Taxes. While on appeal, you will pay your real estate taxes at the 2013 rate with no interest and penalty accruing until the BRT rules on your case.

Click on this link to find forms. http://gpar.org/images/uploads/tax_assessment_application_201308291427.pdf

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

*Info courtesy of GPAR*

 

Fantastic Development Opportunity!

I have 5 lots not on the mls! Between 3rd street and 4th street, 3 blocks north of Northern liberties in 19122.

This area is on fire!  New construction is now selling for $370k-$425k.

All 5 lots run street to street! The homes can have two car parking each. There is new construction all around this block.

Aasking $69k ea. They are zoned C2 and need to be taken through zoning.

These homes would be 2500 sq ft+/- with two car driveways.  Resale $375k each.

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

Incredible Development Opportunity!

2 story shell with approvals for a rear two story addition, 3rd story addition, AND a roof deck!
Run the numbers…this deal works!
Surrounded by new construction all around!
Walk to Graduate, Rittenhouse, Center City, Broad Street and so much more!

1846 Reed in rapidly developing Point breeze Area. Listed at just $78k! Won’t Last!

For more information or to make your offer today contact Jim Onesti. 215.440.2052 or jonesti@mccannteam.com

New This Week in Philadelphia…

The median list price in Philadelphia this week is $189,900.

The Market Action index has been trending down lately, while days-on-market is climbing,
providing mostly bearish signs for the market.

Publication2

For this weeks summary report CLICK HERE!

For this weeks update report CLICK HERE!

For more information or to sign up to have these reports sent directly to your inbox, contact Jim Onesti 215.440.2052 or jonesti@mccannteam.com