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
2209-15 League Street. Graduate Hospital!! 3 continuous lots and a shell. $675k
22XX Greenwich, Point Breeze – Coming soon! – $45k
Francisville Lots: 833-835 N 15th Street + 837 N 15th Street + 1437 Parrish Street
(ZONED IRMX which allows multi-family with NO commercial requirements!!!)
833-835 N 15th St – $119,000.00 – 837 – $89,000.00 – 1437 Parrish – $99,000.00
For more information or to make an offer today contact
Jim Onesti 215.440.2052 or email@example.com
BHHS Fox & Roach, McCann Team 215.627.6005 Main
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 * firstname.lastname@example.org
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
It could accommodate 150+ apartments or condos.
It is north of Girard in a HOT area. Asking price $2.1 mil.
To download more information, please CLICK HERE!!
Jim Onesti – 215.440.2052 or email@example.com
The building permit is for four single family homes, two stories in height. Interior renovations, new structure and exterior renovations are all part of the building permit scope.
The zoning permit is for a single family use, which required a variance, and partial demolition of the existing structure with the erection of a 6 foot fence.
After bird dogging and selling an amazing piece of land to one of his developers; Jim Onesti from BHHS Fox & Roach Realtors, pre-sold ALL 4 of the new homes being built there, long before completion!!
ALL sold at or very close to full price which ranged from $669,900-$689,900
Selling real estate and finding great deals is what we do. Both our marketing plan and our track record provide fast and proven results. If you are interested in finding out more about putting our expertise and experience to work for you, contact us TODAY!
CLICK HERE to learn more about the many developments I have SOLD OUT!
Berkshire Hathaway HomeServices – Fox & Roach Realtors
McCann Team – 530 Walnut Street – Suite 260 – Philadelphia PA 19106
215.627.6005 Main – 215.440.2052 Direct – firstname.lastname@example.org
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.
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 email@example.com