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.

Friday, September 10, 2010

Narberth Single Sold 399k


This updated Narberth single at 223 N. Essex Avenue sold just after Labor Day for 399k. Went on the market in May for 450k and was reduced to 425k in June. Just days after being reduced to 399k this air conditioned, walk to train home with large back yard went under contract.
Zillow estimated this home at a paltry $331,000, so either the new owners grossly overpaid, or you have to take Zillow estimates with a big old grain of salt. In this case, definitely the latter.