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REAL ESTATE
Historic Hood Mansion in Limerick, Pennsylvania, up for grabs under one rather large condition
PHILADELPHIA (CBS) -- A historic home in Montgomery County is up for sale and the best part is, its price tag won't break the bank. The Historic Hood Mansion in Limerick, Pennsylvania, is up for grabs at no cost at all, just one rather large condition. The Montgomery County mansion built in 1834 by John McClellan Hood, is free to anyone who can physically move the home to another location."Otherwise, she will sadly be reduced to a pile of rubble," the Eastern Pennsylvania Preservation Society said in a Facebook post back on May 30. While the home may be a bit of a fixer-upper...
Children’s Author Selling Her Massive Bucks County Estate for $14.5 Million
The estate is considered a regal home, complete with several incredible additions and living areas. A wealthy couple in the Bucks County area is selling a major estate in the area for a hefty price, and it is one of the best homes in the region. Sarah Paynter wrote about the estate for The Wall Street Journal.
Developer Switches Gears With Former Rite Aid Site in Center City from Apartment to Retail Project
Trammell Crow is no longer planning to develop an apartment in the former Center City Rite Aid on Walnut Street, instead opting for a retail space. Plans to construct a mid-rise apartment building on the western border of Center City have been scrapped and instead, the owner of the site is looking for a retail tenant for the existing single-story building, writes Paul Schwedelson for the Philadelphia Business Journal.
Gladwyne Estate Once Owned By Campbell Soup Heir Now Off the Market
Linden Hill, the Gladwyne property that previously served as Campbell Soup heirs' estate for several decades, has been sold at an auction. The iconic Gladwyne estate that was once home to a Campbell Soup heir has been sold at an auction, writes Lisa Dukart for the Philadelphia Business Journal. This...
See all homes sold in Bucks County, June 3 to June 9
The following is a listing of all home transfers in Bucks County reported from June 3 to June 9. There were 115 transactions posted during this time. During this period, the median sale for the area was a 1,107-square-foot home on Lynda Lane in Warminster that sold for $475,000. Bensalem.
Bucks County Homes Among Priciest in State and Nation
447 Lurgan Rd in New Hope was among the top five most expensive sales in 2023, for just under $5 million, according to the Bucks County Courier Times. Bucks County home prices, along with other Philly suburbs, are among the most expensive in The Keystone State and nationwide. Bucks County,...
Philadelphia's homebuying power has dropped drastically
Homebuying power in the Philadelphia metro decreased nearly 65% from 1970 to 2022, per Axios' Rahul Mukherjee's analysis of a new RealtyHop study.Why it matters: Buying a house is far less accessible today than it was for previous generations.How it works: Homebuying power is the ratio of annual income versus average house price in 1970 (when boomers started buying starter homes) compared to 2022.By the numbers: Housing has become 2.83 times more unaffordable for families in Philadelphia since 1970, per the report.Over that same time, home values in Philadelphia skyrocketed from $10,600 to more than $215,000 in 2022.The median family income in 1970 was about $9,300 compared to $67,168 in 2022, per the report.The big picture: The largest affordability gaps are along the West Coast, with all five of the least affordable cities in California.Meanwhile, the Midwest has remained the most affordable region for homebuyers. Of the 117 cities included in the study, Detroit is the only one where buying is easier today than it was 50 years ago.Reality check: Mortgage rates were in the double digits in the 1970s and 80s. Today they're hovering around 7%.
24 townhouses envisioned off Hilltown’s East Walnut Street
A developer is interested in constructing a 24-unit townhouse development in Hilltown. Representatives for Heritage Properties appeared at the May 28 meeting of the township board of supervisors to discuss a sketch plan of the project. The development is envisioned for what was characterized as a property off East Walnut...
Berwyn-Based Eadeh Enterprises Is ‘Not Your Typical Landlord’
Eadeh Enterprises, the Berwyn real estate firm with a “Not Your Typical Landlord” tagline, goes the extra mile for its smaller retail tenants. Berwyn-based Eadeh Enterprises truly earns its “Not Your Typical Landlord” tagline, writes Caroline O’Halloran for the Savvy Main Line. In a real...
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