R5Realty News and Notes

Market Snapshots and Commentary on Value and Quality of life along the former Main Line of the Pennsylvania Rail Road, up until recently called the R5 Line, and now officially known as the Paoli /Thorndale line. R5Realty runs from Center City Philadelphia through the walkable, Westward outlying Towns & Townships.

Tuesday, October 9, 2012

Penn Wynne Family Home is Redeemed, Revitalized, Resold at Market Value

1026 Carroll. From Rehab to Resell in 7 months.
Rehabbers bought this for under $215,000...
This nearly 2,000 sq. foot, remodeled single in Penn Wynne section of Lower Merion went under contract the day it hit the market. Price paid this September was just above $350,000. Seven months earlier, the home was deeply in need of updating and was sold by its decades-long owners for a bit less than $215,000.

The longtime owners had tried for a higher number, originally listing for $375,000 in spring of 2010. But potential buyers were taken aback by its mid-20th century stylings and finishes, as well as a moisture issue in the basement. Over the course of a year-and-half,  the longtime owners whittled down their asking price from 375,000 down to a below market, rehabber-ready $225,000.


...Sold this & other improvements for $350,000.
In early 2012, a new owner came in and installed/refinished hardwoods throughout the house, and updated: Lighting, Kitchen, Windows, Electric Service, French Drain. The house (still no central air) was competitively listed at $345,000 - which is directly in line with what buyers are currently paying for 3-bedroom/2-bath singles that are move-in ready in this part of Lower Merion/Penn Wynne. With the home in marketable condition and smartly priced at market value, a speedy sale ensued for a few thousand over list price.

Cost of Homes in Lower Merion and Narberth for September 2012, with list price under a million.


TLC on Bowman. Good Price. Fast Sell
Those who travel Bowman Avenue, in-between Montgomery and Wynnewood Rd., may have noticed this 3800 sf, colonial lasted less than a week on the market this summer. With 5 Beds, 3.5 Baths, and a prime half-acre lot directly across from Merion Elementary School, buyers paid the asking price of $449,000 at settlement this Septemeber..The listing indicated that the home had good bones, but would be sold as-is, in need of a great deal of TLC.





Sold Street AddressTownBedsBathsSq FtAsked
$168,000 118 Elm AveArdmore311,400$175,000
$185,000 26 N Wyoming AveArdmore311,696$199,000
$253,000 148 Edgemont AveArdmore321,350$269,000
$438,000 1423 W Wynnewood Ardmore42.12,744$449,900
$315,000 17 Maple AveBala Cynwyd41.11,790$325,000
$175,000 213 Ebenezer AveBalaCynwyd21.11,296$179,900
$175,000 173 Maple AveBalaCynwyd21836$175,000
$236,000 183 School StBalaCynwyd411,408$275,000
$420,000 320 Llandrillo RdBalaCwynwyd53.12,538$425,000
$438,000 21 E Levering Mill RdBalaCynwyd44.23,191$495,000
$500,000 4 Snowden RdBalaCynwyd32.12,535$499,000
$525,000 16 N Washington AveBalaCynwyd42.13,054$524,900
$540,000 338 Llandrillo RdBalaCynwyd42.12,448$549,000
$587,500 53 W Lodges LnBalaCynwyd62.13,053$599,500
$630,000 40 Derwen RdBalaCynwyd43.12,990$645,000
$825,000 1110 Ivymont RdBryn Mawr43.12,992$860,000
$120,000 915 County Line RdBrynMawr41.11,523$123,500
$575,000 40 S Roberts RdBrynMawr32.12,847$600,000
$275,000 222 River RdGladwyne321,168$299,999
$500,000 10 Conshohocken StGladwyne43.12,769$695,000
$640,500 1732 Riverview RdGladwyne42.13,180$649,900
$735,000 1210 Club House RdGladwyne53.14,637$749,900
$435,000 734 S Latches LnMerion62.13,277$474,000
$449,000 544 S Bowman AveMerion53.13,794$449,000
$450,000 504 Baird RdMerion53.12,474$499,900
$490,000 547 Howe RdMerion42.12,230$500,000
$215,000 235 Iona AveNarberth311,238$225,000
$500,000 455 Hidden River RdNarberth22.12,016$500,000
$785,300 1016 Bryn Mawr AvePenn Valley64.14,767$784,900
$715,000 436 Penn Valley RdPennValley53.12,708$750,000
$850,000 714 Bryn Mawr AvePennValley53.24,465$875,000
$570,000 1220 Valley RdVillanova43.14,109$639,000
$309,000 18 Allendale RdWynnewood32.11,840$309,000
$314,000 1601 Powder Mill LnWynnewood311,320$309,000
$325,000 131 Overbrook PkwyWynnewood32.11,892$325,000
$350,900 1026 Carroll RdWynnewood32.11,932$345,900
$380,002 1544 Powder Mill LnWynnewood32.11,694$367,500
$452,000 54 Allendale RdWynnewood432,016$475,000
$949,900 640 Montgomery SchWynnewood63.14,094$949,900

Sunday, October 7, 2012

September Prices Paid for Homes in Haverford and Radnor Townships listed Under $700,000

Solid Havertown House. Updating needs likely  led to extended stay on Market.
Interior of 529 E Manoa, which recently sold for $230,000 after about one year on the market and multiple price reductions. Located near the intersection of Earlington Rd., this 2000 sf, 3-bedroom home was very well cared for by diligent longtime homeowners; however, the location near busy crossroads and anachronistic interior combined for an extended stay on market and eventual less than desired sale price. Restoring hardwood floors may not have upped the sellers final take significantly, but appealing to current buyers' tastes may have trimmed time to sell in half.


SoldStreet AddressTownBedsBathsSq FtAsked
$170,000 2734 Chestnut AveArdmore31.11,520$171,900
$355,000 105 Shawnee RdArdmore32.11,816$389,000
$270,000 2314 Chestnut AveArdmore31.11,266$279,900
$525,000 2700 Saint Davids LnArdmore32.11,728$539,000
$378,900 2513 Huntingdon LnArdmore42.11,972$378,900
$285,000 2920 Rising Sun RdArdmore31.21,987$289,900
$320,000 33 Golfview RdArdmore32.12,040$350,000
$675,000 102 Arbor PlBryn Mawr42.12,658$700,000
$342,500 231 Lee CirBryn Mawr321,610$360,000
$373,750 221 Rodney CirBryn Mawr321,732$375,000
$165,000 876 Martin AveBryn Mawr31.11,312$189,000
$409,500 124 Buckingham DrBryn Mawr32.11,892$424,900
$401,000 900 Drexel LnBryn Mawr432,052$435,000
$550,000 425 Yorkshire RdBryn Mawr32.12,172$579,900
$180,000 233 Marple RdHaverford42.12,878$230,000
$215,000 538 Wales RdHaverford31.11,172$218,000
$230,000 529 E Manoa RdHavertown31.12,039$249,900
$529,900 1244 Center RdHavertown42.12,600$549,000
$245,000 135 Upland RdHavertown42.11,666$269,900
$273,000 202 Canterbury RdHavertown32.11,300$279,900
$147,500 334 Steel RdHavertown311,224$147,500
$140,000 19 Mill RdHavertown311,248$152,500
$160,000 716 Howard AveHavertown21700$165,000
$120,000 1516 Burmont RdHavertown311,590$159,900
$458,000 64 E Clearfield RdHavertown63.13,017$459,000
$390,000 209 N Lexington AveHavertown32.22,457$425,000
$250,000 2443 Whitby RdHavertown311,440$257,500
$190,000 408 Spring RdHavertown31.1844$199,900
$290,000 1720 Bellemead AveHavertown321,660$299,900
$225,000 309 E Hathaway LnHavertown41.21,344$219,900
$283,500 1504 Sunnyhill LnHavertown31.21,778$287,000
$304,000 1400 Robinson AveHavertown422,097$304,900
$374,000 1206 Manor RdHavertown53.12,346$375,000
$290,000 221 Ellis RdHavertown32.11,620$296,000
$288,000 1525 Sunnyhill LnHavertown32.11,728$288,000
$217,000 519 Central AveHavertown311,388$220,000
$324,900 312 Lincoln AveHavertown322,134$324,900
$317,000 1415 Dorchester RdHavertown322,000$317,547
$190,000 14 W Marthart AveHavertown311,472$199,999
$123,000 209 Glendale RdHavertown31.12,093$134,500
$125,000 411 W Langhorne AveHavertown311,404$137,500
$557,000 450 S Ithan AveVillanova53.14,346$599,000
$539,000 213 Hardwicke LnVillanova542,668$539,000
$600,000 157 Wooded LnVillanova53.13,084$624,900
$464,000 417 W Beechtree LnWayne52.11,898$479,000
$250,000 413 W Beechtree LnWayne522,026$299,000
$297,175 147 Morningside CirWayne41.11,502$310,000
$385,000 553 W Wayne AveWayne42.12,672$445,000
$355,000 332 S Devon AveWayne321,267$365,000
$312,000 528 W Wayne AveWayne32.12,200$369,000