These Are the 10 Most Expensive Homes in East Passyunk
One thing is for sure: You won't be buying the Generic Renovated Home or its new-construction cousin in this neighborhood.
These days, it’s often hard to tell which hot Philly neighborhood you’re looking at when you peruse the for-sale listings, because they all seem to be filling with those new homes with the box bays projecting from their upper floors and gray (or white) empty boxes of main floors whose only orienting feature is the kitchen at the back with its granite countertops and stainless-steel appliances.
Looking at the photos of the ten most expensive homes NeighborhoodX found on the market in East Passyunk right now, I’m pleased to report that you should have no problem telling what neighborhood you’re in here.
There are some generic interiors in this bunch, true, and certainly the usual crop of granite countertops and stainless-steel appliances. But even those seem to be done here with a certain élan, and there’s not a projecting box bay window in the bunch (though there are a few traditional bays clad in vinyl siding, a very Philly thing to do). There’s even a whiff of creativity in one of the new-construction homes on this list, and there are a few true South Philly Originals among the rehabs. One of those Originals, by the way, is located on the famed “Miracle on 13th Street” block. whose elaborate Christmas light displays draw visitors from far and wide.
The good news is, these homes aren’t all that pricey in either absolute or per-square-foot terms. “The prices per square foot on these range from $258 to $396 per square foot,” said Constantine Valhouli, director of research for NeighborhoodX. On average, these homes cost less than the neighborhood average of $295 per square foot, though most of them sell for more; while the average for the ten homes is $289.80, the median price per square foot for this bunch is $312.50.
Three of the homes on this list are actually investment properties consisting of street-level retail space with an apartment or apartments above. If you’ve longed to run your own restaurant, you might want to check out the least expensive of the ten, at 1158 S. 8th St. It’s already zoned and licensed for a restaurant on its street floor. You could even live over the store: the building includes a bi-level apartment on its upper two floors. But you’d have to kick the tenant out first. You wouldn’t want to do that in a hot market like this one, would you?
Speaking of hot market: As this piece was being written, the owner of one of the properties on this list accepted an offer. If any of these homes strike your fancy, may I suggest you contact the agent right away?