2103 E. Arizona St., Philadelphia, Pa. 19125 | TREND image via Zillow
East Kensington has undergone some serious development over the past few years. So, it’s no surprise that when we chose it for this week’s $500K post, we found that every single listing was brand new. If you’re currently searching for a home and have always dreamed about starting from scratch, this could be your easy way out. In fact, the work is (almost) all done for you.
Right now, the median home value in East Kensington is $151,700, which is obviously well under a budget of $500,000. And now’s the time to plant your roots here, too – home values have gone up a whopping 18 percent over the past year, and are expected to rise another 5.2 percent within the next year alone. This place is transforming, and if you want to join in on the fun, read below. We’ve listed three current properties on the market. Read more »
The Avenue 30 development. | Renderings: KJO Architecture via The Riverwards Group and The Somers Team
There have been all sorts of attempts to solve the central problem of the Philadelphia row house, namely, the need to fit it into a long lot with narrow street frontage.
Over the years, these attempts have produced such distinctive features as incredibly small middle bedrooms and squarish houses with nonexistent back yards.
Fishtown-based developers The Riverwards Group faced just such a problem when they got their hands on a 300-foot-long, 110-foot-deep on Amber Street in East Kensington. The aim was to produce a large townhouse development with luxurious yet reasonably priced homes.
Their solution: Go wide, which is what they did with the new Avenue 30 development. Read more »
Craft-brewed building: A Red Oak construction crew member works on the hinge of a custom door made from wood salvaged from the demolition of the parish house’s interior. The door will lead from this home’s finished basement rec room to the mechanical room. | Photos: Sandy Smith
“God is in the details.” —Ludwig Mies van der Rohe
God, then, continues to make his presence felt throughout the building that began life in 1912 as the parish house for the Episcopal Church of Emmanuel and the Good Shepherd in East Kensington, for Red Oak Development, which is converting the building into five three-story townhouses with finished basements, is loading these new homes with fine architectural details — most of them salvaged from the building itself. Read more »
Spruce Hill’s substantial rowhomes and twins are popular with the Penn crowd. | Photo: Plan Philly/Eyes on the Street, used under CC-BY-NC-ND 2.0
The online brokerage Redfin has released its list of the “Hottest Neighborhoods for 2017,” and while none of the 10 hottest neighborhoods nationwide are in Philadelphia, it did offer up its choices for the three hottest neighborhoods in the city.
Topping the list is Spruce Hill in University City, where the median-priced home sells for $415,200, making it the most expensive of the three by almost double. Redfin agent Jimmy Caraway had this to say about the neighborhood: Read more »
Bishop Square | Renderings: KJO Architecture via The Somers Team; Photos via The Somers Team
I’ve gotten lots of pitches from real estate agents and others that lead me to ask, “What’s in a name?”
The answer, it appears, is, “Tens of thousands of dollars.”
Buyers are far more willing to pay top dollar for a property in a neighborhood they perceive to be desirable than in one that may also be on the rise but they know little about.
And so it is that The Somers Team touts its new, six-unit residential development, Bishop Square, as a hot property in Fishtown. Read more »
Images via Zillow.com
Its renovation may be two years old, but the gorgeous results of the work done to 2028 Dreer Street – on the border of East Kensington and Fishtown – are ongoing. To begin, there’s its façade, a lovely muted teal, which caught our attention from the get-go. Stroll into the inside and you’ll see the home only gets better:
- Hand-scraped Birch floors throughout
- Hand-crafted center staircase with skylight and metal railing
- Two bedrooms on second level, master suite on third
- Three levels total to 1,443 square feet (and that’s not including basement)
Read more »
We don’t know about you, but it’s been a long week for some of us and we could certainly do with some feel good vibes. That’s why Property’s Photo of the Week this week is something we can all probably get behind: sidecars and proto homes!
Say what? Well, we found the #phillyscape capture on Postgreen Homes’ Instagram account. According to the caption, the pic was snapped by one Sam Oberter who didn’t use any filters (not that there’s anything wrong with Willowing up your photos!). The pictured home is one of Postgreen’s protypes built in 2011, and the people on the motorcycle and sidecar are its owners…who we think should let us take it for a ride this weekend!
Sigh…isn’t spring wonderful?
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Jewelers’ Row may be one of the last surviving niche districts in Philadelphia, but that doesn’t mean all remnants of previous ones have been erased. Case in point, two structures which rose out of Kensington’s once-thriving textile district — the Ninth National Bank and Industrial Title and Savings Trust Co. buildings — are now in the redevelopment pipeline.
Philadelinquency reports the properties located at 1942-58 N. Front Street had been facing demolition at one point, with the Women’s Community Revitalization Project planning to replace the buildings with low-income housing. However, neighborhood objections to the project’s design resulted in a legal battle that stalled the proposed development, which was eventually scrapped. Instead, here’s what will happen with the site:
Onion Flats, a development group on West Norris St. that has had extensive experience with historic redevelopment projects in the area will restore and redevelop the bank buildings.
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We brought a fixer-upper near the creativity-brimming Trenton Avenue to your attention a few weeks ago, so it’s only fitting that we showcase a gleaming, restored home this time around. (Note: The property is listed as being on E Firth Street, but an approval to change the address to 2520 Trenton Ave. is pending from the Office of Property Assessment.)
Among the homes larger appointments are a landscaped deck with retractable awning and two separately attached garages, one of which can either hold three cars or be used as a workspace. The other garage has 1-car parking.
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A 2009 Google Street View image shows skater hooligans perpetrating their monkeyshines at the corner of Trenton Avenue and Cumberland. These days they’re probably building kinetic sculptures.
If there can be said to be a ground zero for Kensington redevelopment and renaissance, it might be cobblestone Trenton Avenue, which anchors the East Kensington neighborhood and whose Trenton Ave Arts Festival gave rise to the Kensington Kinetic Sculpture Derby, that most beloved of creativity competitions.
This home is basically at Cumberland and Trenton, and as such, is in a pretty nice spot to appreciate. It also appears to have rather good bones, as well as a large backyard and a “clean” basement. Sold as-is, of course (hence the price), but if you’re looking for a blank canvas and a project, this might be a good place to start.
Gallery of poor-quality photos below.
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