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.

Thursday, October 28, 2010

Lower Merion Auction Property

This stately 6-Bedroom home in Ardmore is going up for public auction on Saturday November 6th.  The home fronts on Montgomery Avenue and is "catty-corner" to Suburban Square. The official address is 106 Edgewood Avenue, Armore, Pa. 19003. Previews are available to the public on Sunday Oct. 31 from 2-4pm and on Monday Nov. 1 from 2-4pm.
Expect the home to be in far less than ideal condition, so whatever the winning bid, buyers will likely need additional resources to bring the home back to glory. Some Background: This house has been owned by the same family for more than 50 years. In 2005, owners took out a $500,000 home equity loan on the property. In 2008 the home was offered for sale at $779,000. The latest list price was $599,000 as recently as Sept 2010.


Wednesday, October 20, 2010

New Main Line Listings from 215,000 - 450,000 Previewed

R5Realty.com travelled from Bala to Bryn Mawr for Brokers' Open Houses Tuesday, with a couple station stops in Narberth and Haverford. New Listings previewed for clients and home-shoppers included:

*4-Bed/2.5 bath at 581 Barrett Ave in Haverford for $425,000.
*3-Bed/1.5 bath at 2 Stuart Avenue in Narberth for $359,500.
*3-Bed/2 bath at 6 Snowden Road in BalaCynwyd $449,000.
*3-Bed/1 bath at 1047 Floyd Terr. in Bryn Mawr for $215,000

581Barrett Ave
#581 Barrett is stunningly decorated with a  Laura Ashley classic country motif and a pleasure to tour whether you are home shopping or just curious. The home features a large well-conceived front porch/office, handsome kitchen and baths, as well as innovative lighting throughout. Barrett Ave. is tucked behind Lancaster Avenue near the Acme in Bryn Mawr and is surprisingly quiet and tranquil given proximity to Rt 30.
Stuart Ave. Narberth
#2 Stuart Ave,is a 1400+ sq. ft. single in Narberth. If you like a great updated kitchen and a home without lots of yard to upkeep, this home is well worth visiting.  Stuart is a quiet side-street in the borough and is ideally situated just several minutes walk from downtown Narberth and the R5. This home has a handsomely styled interior and open-floor plan that is worth checking out for both interested and casual lookers.

1047 Floyd Terrace 215k
*1047 Floyd Terrace features brand new renovations and updating throughout and could make an excellent starter-home or downsizer for folks who wish to have the culture and convenience of quasi-cosmopolitan Bryn Mawr steps from your front porch. This row home is on a narrow no-outlet street that runs parallel to Lancaster Ave., just behind the former showroom of Medley Music.

6 Snowden Rd. in BC
*6 Snowden Rd. in Bala Cynwyd is a classic colonial highlighted by finely designed, updated kitchen and a lovely patio off the living room. Snowden is a quiet, low-traffic road set back significantly from Conshohocken State Rd. The street is reknowned as a very friendly, social place to live with neighborhood parties and get-togethers de rigeur.  As is the case with all these homes, Snowden is in the Lower Merion School District and ideally situated to all major routes and public transit options.

For more detailed and definitive views of these homes contact us at R5Realty.com, which is powered by Prudential Fox & Roach Realtors Ted Gross and Heather Gross. And if there is a home for sale you would like us to preview/feature or to arrange a showing, call us direct 610.348.7972. Our offices are conveniently located in the Haverford Train Station, main number, 610.649.7410.

Thursday, October 14, 2010

Ardmore Green Home Touted

Proposed Green Home by Admore, R5

..."Affordable Green living in Ardmore!"  is the focus of a newly noticed listing for new contruction priced at $329,000 and designed by Philadelphia's 'premier Green' builder, Post Green.  Proposed is an environmentally conscious townhome in  Lower Merion  with open floor plan, top-of-the-line kitchen, 3 BR, 2.5 Baths, Flex room on the second level;topped off with an upper level terrace. Proposed green features include; Energy Star Certification, Blow-in Cellulose Insulation, Energy Star Low-E Casement Windows, Dual-fuel efficient HVAC, Heat Recovery Ventilator ducted into HVAC, Low-VOC Paints and Finishes.

Friday, October 8, 2010

Lower Merion, Narberth, Radnor R-5 Open Houses Oct. 10th

2 Black Friar Rd, Open 2-4 Oct. 10th,
Sunday October 10th promises to glorioius early autumn weather. With the Phils and Birds not starting until evening, its a great day to get out there and check out  R5-area open houses.
Make no bones about it, real estate is on sale and this 3-Bedroom,  2-Bath colonial in family-friendly Oak Oaks/Bryn Mawr (pictured right) has just been reduced to $359,000. The R5Realty.com team will be here at 2 Black Friar Rd on Sunday from 2-4pm.
There are dozens of well-priced Open Houses to stop in see, click for the list or feel free to call or email Ted & Heather for suggestions.  OCTOBER 10TH OPENS.

Saturday, October 2, 2010

Weathered Narberth Goddess Finds Suitor

The 3,000sf, 4-Bedroom single in Narberth drew large open house crowds in late August. Orginally listed at 499k, this weathered Goddess on quiet, tree-lined Anthwyn Rd., was reduced to 430k and Settled on September 30th for 425k.
436 Anthwyn Rd. 4 Beds, 3 Baths.  425k.

Browers typically commented the home would need 100-200k worth of rehab and restoration for prime habitability, and that figure is in line with quality homes on the street. With 3 baths, an in-law suite, gracious front porch and proximity to town, the value here should grow exponentially over time.