Behind the Boom: The Next Wave of Philly Developers

From left: Rahil Raza, 33, founder and CEO, Raza Properties; Mo Rushdy, 37, and Lawrence McKnight, 40, co-owners, RiverWards Group; Vince Viney, 46, president and founder, V2 Properties; Jared Pontz, 37, managing partner, Elfant Pontz Properties and Direct Mortgage Loan Company; Lindsey Scannapieco, 31, managing director, Scout; Anthony Fullard, 54, Rodney Ross, 27, and James Robertson, 32, principals, AJR Endeavors. Photograph by Colin Lenton

Rahil Raza, founder and CEO, Raza Properties
Backstory: Despite graduating from Temple with a pharmacy degree, Raza, 33, decided to start a development firm in 2009. His focus is well-appointed (but affordable) single-family units in North Philly. He’s done 48 projects to date.
What’s next: Completing 55 units in Sharswood and North Francisville that will hit the market under $400,000. Read more »

Jawdropper of the Week: Palatial Digs in Society Hill for $6.888M

328-330 Delancey St., Philadelphia, Pa. 19106 | TREND images via Zillow

328-330 Delancey St., Philadelphia, Pa. 19106 | TREND images via Zillow

We can’t think of any word more appropriate for this property than unreal.

With five bedrooms, five bathrooms, three powder rooms, underground parking, an elevator, a rooftop swimming pool, an at-home theater, and more, this imaginative Society Hill mansion is a vision. Even the home’s more traditional features, like the kitchen and breakfast room, are stellar.

The master suite has to be one of the best rooms in the house, though, boasting a sky-lit atrium, indoor and outdoor fireplaces, a gorgeous private deck, his and her walk-in closets, and a huge master bath with a steam shower, sauna, jetted tub and four sinks. Read more »

First-Time Find: Flexibility in East Kensington for $325K

2215 Coral St., Philadelphia, Pa. 19125 | TREND images via Coldwell Banker Preferred

2215 Coral St., Philadelphia, Pa. 19125 | TREND images via Coldwell Banker Preferred

This trendy little space in East Kensington has all the makings of a nice first home, all at a reasonable price.

Enter inside to the open living room and kitchen. The space features hardwood floors, oversized windows, distressed wood panels, and butcher block counters. Continue on into the separate dining room, and then head out back to a private patio.

The second floor is home to two bedrooms, one of which is currently set up as a study. The only bathroom in the residence is located on this floor as well and is super trendy. Our favorite part of the house is the third-floor loft, which is completely occupied by the master bedroom. Depending on your own needs, though, this level is large enough to be converted into two more bedrooms or used as an additional living room.

Read more »

Trinity Tuesday: Huge and Historic in Old City for $750K

123 Elfreth's Alley, Philadelphia, Pa. 19106 | TREND images via Keller Williams Realty

123 Elfreth’s Alley, Philadelphia, Pa. 19106 | TREND images via Keller Williams Realty

A trinity house in Elfreth’s Alley? It doesn’t get much more Philadelphian than that.

This expanded trinity maintains plenty of its traditional elements, most notably the trinity staircase, but these elements are balanced out by many new upgrades. First and foremost, each floor has multiple rooms, giving homeowners much more space than they would have in the average trinity. Enter into the living room, which is followed by a dining room and then an eat-in kitchen. From the kitchen, head outside and enjoy the nice yard space. The second floor is home to the master suite and a den. The third floor has two additional bedrooms, a sitting room, and a bathroom. Read more »

Main Line Monday: A Classy Colonial in Penn Valley for $1.075M

1320 Bobarn Dr., Penn Valley, Pa. 19072 | TREND images via BHHS Fox & Roach

1320 Bobarn Dr., Penn Valley, Pa. 19072 | TREND images via BHHS Fox & Roach

This Main Line colonial is picture-perfect – and we have the pictures to prove it. Located in Penn Valley, the four-bedroom, six-bathroom residence has everything you could ever need (and then some).

Through the double door entrance, step inside the foyer, which is home to the main staircase and opens up to a formal living room on the right and a formal dining room on the left. The living room flows into the family room and then the kitchen. Highlights of this floor include a chandelier in the dining room, floor-to-ceiling windows in the family room, a breakfast area, and a six burner built-in gas range, double ovens, and a built-in desk in the kitchen. Also on this floor is a laundry room, a bathroom, and access to the two-car garage.

Head upstairs to the second floor and delight in the master suite. The suite boasts hardwood floors, built-in speakers, a desirable walk-in closet, and a master bathroom with his and her sinks, a Jacuzzi tub, and a sit-down shower. Three other bedrooms, one of which has a bathroom of its own, a hall bathroom, and a linen closet round out this floor.

The finished basement adds even more punch to this property. The spacious lower level features two carpeted rooms that can be turned into whatever your family needs (or desires), plus a recreation room. In the fenced-in backyard, enjoy warm summer months thanks to a nice in-ground pool.

This Penn Valley home provides future homeowners with an elegant space that isn’t overwhelming. If it fits your family’s needs and tastes, we recommend checking it out.

THE FINE PRINT

BEDS: 4

BATHS: 5 full, 1 half

SQUARE FEET: 4,245

SALE PRICE: $1,075,000



1320 Bobarn Dr., Penn Valley, Pa. 19072 [Lavinia Smerconish | BHHS Fox & Roach – Bryn Mawr]

Zillow Launches New Site for First-Time Homebuyers

Image courtesy of Zillow

Image courtesy of Zillow

Calling all millennials (and anyone else) on the hunt for that perfect first home: Zillow just launched a new real estate brand to help you on your search. Brace yourselves, folks, because things are about to get crazy.

RealEstate.com, Zillow’s new platform that debuted on Tuesday, allows potential homebuyers to search for homes like never before – by the monthly payment and down payment they can afford. The launch of the site comes after the 2016 Zillow Group Consumer Housing Trends Report highlighted homebuyers are most concerned with finding a home within their budget, even more so than they are for finding a home in a safe neighborhood. Read more »

What $500K Will Buy You in Wynnewood

1356 Garden Rd., Wynnewood, Pa. 19096 | TREND image courtesy of BHHS Fox & Roach

1356 Garden Rd., Wynnewood, Pa. 19096 | TREND image courtesy of BHHS Fox & Roach

Located west of Philadelphia in Montgomery County sits the suburban community of Wynnewood. The median home value in this Main Line neighborhood falls at $484,300, so if you are a potential homeowner with a budget somewhere around the $500,000 mark, you’re right on target here.

But what can a budget of $500,000 get you in Wynnewood right now? Well, we did the research and found out for you. The three options are suitable for the average family, but we’ll let you make the final call on if they’re worth the money or not. Read more »

Jawdropper of the Week: Rural Splendor in New Hope for $5.995M

6356 Meetinghouse Rd., New Hope, Pa. 18938 | Images via Kurfiss Sotheby's International Realty

6356 Meetinghouse Rd., New Hope, Pa. 18938 | Images via Kurfiss Sotheby’s International Realty

We know that New Hope is home to many stunning, one-of-a-kind properties, but rarely ever do we find one that sits on 92.7 acres of land. Tucked at the end of a winding driveway, this gated estate will have you in awe.

Cross Creek Farm, as the estate is known, sits in the scenic Aquetong Valley in Solebury Township, the municipality that surrounds New Hope and shares its acclaimed school district with it. The magnificent home at the center of the estate was built in 1992, but it has that timeless character of a classic center-hall Colonial.

The interior of the home is just as impressive as the land it sits on. Highlights of the main floor include a butterfly staircase in the foyer, two islands with bar seating in the kitchen, beautiful views in the breakfast room, and built-ins in the study. Formal dining and living rooms, a conservatory, and a laundry room finish off this floor. Read more »

Report: Philly’s Gender Pay Gap is Smaller than the National Average But Still Not Good

Pixabay.com

Pixabay.com

Despite constant backlash from, well, everyone, the gender pay gap still plagues much of our nation’s female workforce. And although the Philadelphia metro rises above the national average in terms of women’s earnings compared to men’s, we’re still a far cry from wage equality.

And among the nation’s 100 largest cities, Philly’s gender pay gap puts it right about in the middle of the pack.

According to a new report by Abodo, women in our metropolitan area earn roughly 80.3 percent of the income that men earn – that is, for every dollar the average man makes, the average woman makes 80.3 cents. What’s more, the median annual income for women in the area is $46,146. For men in the area, this number jumps to $57,448.

“In Philadelphia specifically, we found that the wage gap fell very close to the national average,” says Abodo senior communications manager Sam Radbil. “[The] numbers rank Philadelphia 48th in the U.S. in terms of equal pay between men and women.” Read more »

Main Line Monday: A Timeless Classic in Villanova for $1.5M

531 N. Spring Mill Rd., Villanova, Pa. 19085 | TREND images via Zillow

531 N. Spring Mill Rd., Villanova, Pa. 19085 | TREND images via Zillow

A home with a 65-foot mahogany porch is definitely one worth talking about. This mansard-roofed classic in Villanova has over 5,000 square feet of space, a whopping seven bedrooms, and four full bathrooms.

The home perfectly blends formality with comfort, as made evident by the inclusion of not one but two living rooms on the main level – one that is really fancy and another that is cozy. The formal dining room features a gas fireplace, built-in cabinetry, bay windows, and doors leading out onto a brick patio. The kitchen comes with an eat-in area, stainless steel appliances, an oversized island and a built-in desk, and provides access to yet another brick patio outside. Read more »

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