A Fabulous Farmstead in Bucks for $2.495M

5595 Ridge Rd., New Hope, Pa. 18938 | Photos courtesy Addison Wolfe Real Estate

5595 Ridge Rd., New Hope, Pa. 18938 | Photos courtesy Addison Wolfe Real Estate

You can find classic 18th-century farmhouses all over central and upper Bucks County. You can even find some on large lots like the 12-acre one this stunner sits on.

But you’re going to be hard pressed to find one that’s guaranteed to retain its country character forever like this one is.

That’s because this intelligently updated, impeccably maintained estate farmhouse is encircled by 1,000 acres of protected open space.

What that means, among other things, is that you will always be able to invite your city-mouse friends out for a true weekend in the country and be able to accommodate and entertain them in style. Read more »

First-Time Find: Age-Defying Comfort in East Mt. Airy for $309.9K

625 E. Durham St., Philadelphia, Pa. 19119 | TREND images via Elfant Wissahickon Realtors

625 E. Durham St., Philadelphia, Pa. 19119 | TREND images via Elfant Wissahickon Realtors

There’s nothing quite like stumbling across a spacious, updated, and affordable house in a great city neighborhood – and more often than not, we find such a property somewhere in Northwest Philly. What can we say? As of late, the area just keeps on delivering.

Which brings us to this week’s first-time find, this stone and brick semi-detached home in East Mt. Airy. Built in the 1930s and recently reconstructed, this once-retro home is now an up-to-date space suitable to the needs of you and your family. Read more »

Food Fight at 40th and Walnut

Penn has announced that Acme Markets will open a new store at the 40th and Walnut birthplace of the Fresh Grocer chain. But first, the Fresh Grocer has to move out. No word yet on when that will happen. | Photo: Gabriel Gottlieb, Philadelphia Heights blog

Penn has announced that Acme Markets will open a new store at the 40th and Walnut birthplace of the Fresh Grocer chain. But first, the Fresh Grocer has to move out. No word yet on when that will happen. | Photo: Gabriel Gottlieb, Philadelphia Heights blog

The University of Pennsylvania and Acme Markets announced yesterday (April 10) that Acme has signed a lease to open a new store in University City at the northwest corner of 40th and Walnut streets in a parking garage with ground-floor retail owned by the university.

According to the announcement, Acme plans to invest millions in upgrading the 34,500-square-foot supermarket in order to provide “a first-class urban grocery experience.”

No date for the store’s opening was included in the announcement, and there’s a reason for that: The current operator of the supermarket hasn’t vacated the premises yet. Read more »

Rent Reports: Garbage In, Garbage Out

iStock photo

iStock photo

According to one of the three monthly rent reports produced by the major apartment-search sites, rents for one-bedroom apartments continued their steady upward climb in March, rising 2.2 percent from February’s level, part of a trend that has rents 3.8 percent above year-ago levels.

According to another one, rents also rose hereabouts last month, but by rates that shouldn’t get anyone too anxious yet: they’re only one percent higher than they were both last month and last year at this time.

No, they’re not, says the third. In fact, they’re down, and down by a lot: 8 percent, the third straight month in which local one-bedroom rents have fallen. And this decline was the second-steepest of any city this site tracks in the United States.

Millions of apartment-hunters use these three sites each month to find suitable digs for rent, and local real estate media, including this site, have reported on these figures reliably when they come out.

But can we really rely on the figures produced by these sites — in order: Zumper, Apartment List and Abodo — when they vary so widely in mapping trends in the same city? Read more »

Trinity Tuesday: A Paradox in Germantown for $196.5K

444 W. Woodlawn St., Philadelphia, Pa. 19144 | TREND images via BHHS Fox & Roach

444 W. Woodlawn St., Philadelphia, Pa. 19144 | TREND images via BHHS Fox & Roach

It’s no secret that a trinity house is a special commodity in Philadelphia. So, we’d be lying if we told you we didn’t geek out every time a new listing came across our computer screen. But this week, our Trinity Tuesday listing has us scratching our heads – quite frankly because we aren’t even sure that it is one.

Is what we have here a trinity house with a major facelift? Or is this residence claiming to be something it’s not?

In several ways, this home looks like a trinity. Its curb appeal is very trinity-esque. It does have three floors. Heck, it was even built in 1880. However, it’s the interior of this self-proclaimed “double trinity” that really trips us up. Read more »

Tax Abatement Huge Shot in Arm for City, Study Finds

The 10-year tax abatement program has led to an explosion of new housing in the city, much of it at the lower end of the market, a BIA study finds. And when the abatements expire, the city's balance sheet will be better off for it.

The 10-year tax abatement program has led to an explosion of new housing in the city, much of it at the lower end of the market, a BIA study finds. And when the abatements expire, the city’s balance sheet will be better off for it.

Consider the 10-year property tax abatements on new construction and rehabilitation a down payment on a future gusher in revenue for the city thanks to the huge jump in construction activity it has triggered, argues a study released in late March by the Building Industry Association of Philadelphia.

The abatement, which freezes property taxes on improvements to commercial and residential property in the city for 10 years from completion, has completely reversed the trendlines for new construction activity in the city compared to its suburbs, states the BIA report, “Philadelphia’s 10-Year Property Tax Abatement” (PDF). Since its implementation in 2000, new home building in the city has increased by 376 percent, while in the suburbs, it has fallen 11.25 percent on average across the four collar counties.

That means a future flood of revenues into city coffers. Read more »

Main Line Monday: A Carriage Manse in Bryn Mawr for $1.099M

735 Conestoga Rd., Bryn Mawr, Pa. 19090 | TREND images via BHHS Fox & Roach

735 Conestoga Rd., Bryn Mawr, Pa. 19010 | TREND images via BHHS Fox & Roach

It’s no difficult task to imagine that a house with a full-width, five-columned, two-story front porch is going to be pretty impressive. But what makes this Bryn Mawr home a surprise is that this was the carriage house for a much larger estate. Built in 1915, this home is situated on 1.25 acres of land and boasts 5,000 square feet of interior space. And that’s just the start of its awesomeness.

Let’s begin with the main level. The open floor plan layout features all the rooms you would typically find in a house – a living room, family room, dining room, and kitchen. And then, there are some extras – a breakfast room, sunroom, playroom, guest bedroom, and laundry room. Read more »

Is “Spring Arts” the Next Midtown Village?

Photograph by Charles Mostoller.

Photograph by Charles Mostoller.

That the viaduct rail park is actually becoming a thing is, well, dumb luck. In 2015, when developers Aaron Cohen and Craig Grossman set their sights on a block just north of Chinatown, they liked what the elevated rail tracks lent to the area; they were authentic and gritty in the best possible way. Now the first phase of the park is under way, and that’s a huge bonus for their audacious plans. Read more »

A Farmhouse in Fishtown for $425K

241-43 E. Wildey St., Philadelphia, Pa. 19125 | TREND images via Keller Williams Realty

241-43 E. Wildey St., Philadelphia, Pa. 19125 | TREND images via Keller Williams Realty

Every so often, a listing comes along that truly merits the word “unique.” This is one of them, for we’re certain you’re not going to find a home like this one anywhere else within the Philadelphia city limits.

One look tells you that this home on the riverward side of Girard Avenue in Fishtown goes back a while – back to the early decades of the 19th century, most likely, when most of the homes that lined the streets near the Delaware looked like this.

What it doesn’t tell you is that this home is the singular creation of Mary Seton Corboy, the founder of East Kensington’s Greensgrow Farm. Over the 15 years she lived here prior to her passing last year, she transformed what were originally two separate residences into one stylish, comfortable home with loads of personality. Read more »

Another Living Option Coming to King of Prussia’s Main Street

The new AVE flexible-stay residence under construction at the Village at Valley Forge in King of Prussia. | Rendering: Courtesy Bernardon

The new AVE flexible-stay residence under construction at the Village at Valley Forge in King of Prussia. | Rendering: Courtesy Bernardon

By this time next year, new arrivals in King of Prussia will have a place to test the waters before they decide to commit to living there. So will those whose work brings them to the area for an extended spell as well as those who simply prefer renting to owning in general.

That’s because Korman Communities is opening its next AVE flexible-stay residence in the Village at Valley Forge in the winter of 2017-18. Work on the facility, designed by Bernardon of Kennett Square, Philadelphia and Wilmington, is already under way.

Read more »

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