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, September 5, 2013

Lower Merion and Narberth's Home Sale Transactions Under One Million for August 2013


66 Marywatersford Rd. listed for $425,000. Settled for $385,000.
For the most part, modestly-priced, family-sized homes in Lower Merion flew off the shelves this year. One exception was this 3-bed/2.5-bath, split-level single on Marywatersford Rd. near the Belmont Hills Swim Club. While lacking in recent upgrades, the home was move-in ready, featuring attached garage and a quarter-acre of property. It hit the market in early May at $425,000, about equal to its 2010 sales price of $420k. While other LM School District homes of similar ilk found buyers in days or weeks, I was surprised to see this comfortable contemporary continue to be overlooked, even as the list price dipped to $399,000. By mid-July, value-minded buyers emerged and the home settled in August for $385,000.  
We think it was one of the better deals of the month, with the rest of August sales listed below:


Lower Merion and Narberth's Home Sale Transactions Under One Million for August 2013


Street AddressTownSold ForBedsBathsSq/Ft.Ask Price
143 Walnut AveArdmore$90,000 211,064$94,000
212 Greenfield TerArdmore$120,000 311,032$125,000
222 Edgemont AveArdmore$192,500 51.11,845$199,900
309 E County Line Ardmore$255,000 511586$279,000
145 Sutton RdArdmore$300,000 311,550$349,000
23 W Spring AveArdmore$310,000 41.11,972$309,000
140 Sutton RdArdmore$343,000 31.11,608$360,000
128 Rockland AveBala Cynwyd$230,000 311,394$249,900
66 Marywatersford Bala Cynwyd$385,000 32.12,269$399,000
202 Conshohock St RdBala Cynwyd$512,500 53.12,525$525,000
31 N Highland AveBala Cynwyd$547,000 43.12,447$569,000
410 Kent RdBala Cynwyd$587,500 53.12,781$592,500
127 Righters Ferry Bala Cynwyd$612,000 42.23,342$639,000
49 Penarth RdBala Cynwyd$626,000 53.13,011$669,000
38 Llanberris RdBala Cynwyd$774,000 43.12,901$774,000
333 Llandrillo RdBala Cynwyd$957,500 53.14,098$995,000
1060 Floyd TerBryn Mawr$165,000 31.1996$179,900
718 W Railroad AveBryn Mawr$173,000 311,058$179,900
860 Summit Grove Bryn Mawr$312,000 41.11,312$319,000
301 Baintree RdBryn Mawr$599,900 432,528$599,900
119 Kennedy LnBryn Mawr$650,000 42.22,918$675,000
1611 Winston RdGladwyne$570,000 42.12,590$579,000
1607 Mount Vernon Gladwyne$635,000 544,200$699,000
123 Winchester RdMerion Station$265,000 311,248$268,000
133 Winchester RdMerion Station$295,000 311,280$295,000
357 Meadow LnMerion Station$700,000 53.23,078$699,000
18 Sabine AveNarberth$294,500 31.11,512$315,000
416 Anthwyn RdNarberth$625,000 42.12,387$625,000
1275 Bobarn DrNarberth$630,000 42.22,858$665,000
6 Narbrook ParkNarberth$740,000 42.12,700$749,900
1217 N Woodbine AvePenn Valley$420,000 42.12,284$430,000
527 Sprague RdPenn Valley$495,000 42.23,009$499,900
1101 E Tower Ln EPenn Valley$915,000 43.34,512$959,900
2062 Matson CirVillanova$300,000 32.11,191$299,900
250 Broughton LnVillanova$560,000 321,894$599,000
1438 W WynnewoodWynnewood$320,000 32.11,461$329,900
519 Glen Arbor DrWynnewood$404,250 432,022$422,000
24 Allendale RdWynnewood$470,000 32.23,000$475,000
413 Wister RdWynnewood$490,000 33.12,564$525,000
341 Wister RdWynnewood$545,000 43.12,961$559,000
901 Nicholson RdWynnewood$600,000 32.12,100$625,000
1023 Cedargrove RdWynnewood$680,000 43.22,816$675,000
1111 Berwind RdWynnewood$697,000 53.13,820$719,000
18 Meredith RdWynnewood$700,000 53.13,065$735,000
501 Foxglove LnWynnewood$765,000 42.12,602$765,000
217 Gypsy LnWynnewood$905,850 44.13,484$942,500