15 New Homes coming to Front and Dickinson

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. Jimconstruction-plans-and-hat

Real Estate Developers Wanted

My developer clients stay with me for Life…  Over the last 16 years I have had the pleasure of helping my investor and developer clients sell hundreds of properties and reach the next level in their business. We strive to be the most knowledgeable, hardworking agents in our marketplace. Our reputation is everything to us!

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 

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