What $500K Will Buy You in Point Breeze

The middle of the market runneth over with new construction homes in this up-and-coming neighborhood. These three bear strong family resemblances yet are distinct.

1423 S. Colorado St., Philadelphia, Pa. 19146 | TREND image via Keller Williams Realty

If “love is a battlefield,” as Pat Benatar once sang, then there’s a lot of love flowing through Point Breeze, the South Philly neighborhood that has served for a decade plus as the poster child for gentrification and its discontents. On the one hand, the neighborhood boasts a growing number of great places to dine, shop and socialize, and the neighbors are friendly — well, the overwhelming majority of them, anyway. On the other, there are people out there who, it appears, are very upset about all this change. Actually, it seems the bulk of their ire is directed at one particular change agent, for all of the other new homes in Point Breeze, like this week’s three featured homes, have been built and occupied without incident.

But if the recent news leaves you feeling jittery, the following facts may soothe your worries about purchasing in Point Breeze. According to Zillow, Point Breeze has seen a 20.2 percent rise in home values over the past year and there is a projected 6.1 percent hike in prices for 2017. Redfin also predicts Point Breeze will be one of the hottest Philly neighborhoods for 2017. If you ask us, now seems like the right time to buy. As the meidan listing price for homes in Point Breeze is $255,000, a $500K budget will secure more than a comfortable space — and we’ve listed three great options below. So, ask yourself: are you ready to pounce on a new pad?

1423 S. Colorado St. (above) | 4 beds, 3 baths, 2,500 square feet, $464,999

Situated in the center of Point Breeze, this four-story townhouse is a new construction home that’s chock-full of surprises. The kitchen is polished and pristine with stainless steel appliances, a marble slab island, pendant lights, a dual climate control system and hardwood flooring. The master suite is tastefully done with neutral colors — a blank slate for you and your family. The master bathroom comes with a double vanity, spacious shower and a large window for natural light. An added bonus is the gorgeous roof deck with a great view of the city. Plus, the home sports two fireplaces with custom tile surrounds.

This home’s price was reduced by $10,001 on May 11 and by $10,000 on May 23.

1423 S. Colorado St., Philadelphia, Pa. 19146  [Thomas Kelley | Keller Williams Realty]

1540 S. Dorrance St., Philadelphia, Pa. 19146 | TREND image via BHHS Fox & Roach Realtors

1540 S. Dorrance St. | 3 beds, 3 baths, 2,000 square feet, $419,400

Located within walking distance of Rittenhouse Square, the Center City business district and an abundance of shops and restaurants, this beautiful brick home is conveniently situated. If you like to cook, then you will love this kitchen. Gorgeous 42-inch custom cabinetry surrounds the high-end, stainless steel appliances. Finished off with a vent hood, range, granite counters and an island, the kitchen is an ideal spot to entertain and whip up a delicious spread. The home has three spacious bedrooms outfitted with large closets and nice woodwork. It also features a laundry room, basement and a backyard, making it a quality space to start a family. Plus, the price point is extra appealing.

This home’s price was reduced by $9,100 on June 6.

1540 S. Dorrance St., Philadelphia, Pa. 19146 [Mike McCann | BHHS Fox & Roach Realtors]

1204 S. 17th St., Philadelphia, Pa. 19146 | TREND images via BHHS Fox & Roach Realtors

1204 S. 17th St. | 3 beds, 3 baths, 2,160 square feet, $475,000

With a roof deck, play room and plenty of space for container gardening and barbecuing on the pack patio, this sleek townhouse is ready to welcome a family. Dark hardwood floors, high ceilings and polished cabinetry are central to this home’s warm and inviting vibe. The top-notch kitchen and open floor plan on the main level are great for entertaining guests. Stainless steel appliances and a granite island will certainly charm your friends. With such a great kitchen, you will become a master chef in no time at all. Then, check out the master bed with a curved, window wall, hardwood floors and a large walk-in closet. The adjoining bathroom showcasing a double vanity, light fixtures and custom tile. That’s not all: there’s five years remaining on the tax abatement. Do we have a deal?

This home’s price was reduced by $25,000 on June 6.

1204 S. 17th St., Philadelphia, Pa. 19146 [Stephen Ferguson | BHHS Fox & Roach Realtors]