Lower Merion/ R5Realty-area Home Sales Nov-Dec

Note this chart includes only non-condominium sales from 150k-999k. Most importantly, the asking price, or 'Last Price' on the chart, indicates the home's price before selling. In many cases the original asking price started out much higher.  
For more details, comments, questions email Ted Gross: info@R5Realty.com

Street Address	Bed	Bath	Last Price	Sold Price	City/Station
805 Aubrey Ave	3	1	$211,000	$195,000	Ardmore
2423 Avon Rd	3	1	$239,900	$230,000	Ardmore
704 Georges Ln	3	2	$269,900	$269,900	Ardmore
2942 Berkley Rd	3	1.2	$305,000	$285,000	Ardmore
2945 Morris Rd	3	1.1	$294,900	$293,000	Ardmore
144 Valley Rd	5	4.2	$889,000	$845,000	Ardmore
1423 Wynnewood	4	2.1	$479,000	$467,000	Ardmore
416 E Athens Ave	8	3.1	$529,900	$520,000	Ardmore
783 N 25th St	3	1.1	$385,000	$382,500	Art Museum
2538 Brown St	3	2	$535,000	$535,000	Art Museum
168 Maple Ave	3	1	$234,900	$235,000	Bala Cynwyd
19 Llanberris Rd	4	3.1	$595,000	$560,000	Bala Cynwyd
188 School St	3	1.1	$319,000	$310,000	Bala Cynwyd
6 Snowden Rd	3	2	$449,000	$437,500	Bala Cynwyd
504 Cynwyd Cir	4	2.2	$524,000	$499,500	Bala Cynwyd
223 Hamilton Rd	6	4.1	$500,000	$500,000	Bala Cynwyd
108 RightersFerry	4	3.1	$550,000	$525,000	Bala Cynwyd
312 Llandrillo Rd	5	3.1	$748,731	$720,000	Bala Cynwyd
629 Old Lancaster	4	2.1	$499,000	$495,000	Bryn Mawr
312 Thornbrook	4	3.2	$915,000	$870,000	Bryn Mawr
1063 Floyd Ter	3	1	$200,000	$198,000	Bryn Mawr
845 SummitGrove	5	1.2	$299,999	$225,000	Bryn Mawr
49 Thomas Ave	3	3	$385,000	$375,000	Bryn Mawr
7 Old Oaks Rd	5	2.1	$489,900	$483,000	Bryn Mawr
113 Pennswood	3	2.1	$599,900	$530,000	Bryn Mawr
1407 County Line	5	3	$599,000	$575,000	Bryn Mawr
126 N Roberts Rd	5	3.1	$895,000	$895,000	Bryn Mawr
1837 Spruce St	4	3.2	$995,000	$905,000	Center City
1401 Monk Rd	5	4.1	$509,850	$525,000	Gladwyne
773 Millbrook Ln	5	3.1	$449,000	$435,000	Haverford
119 Booth Ln	3	2.1	$839,000	$700,000	Haverford
454 Booth Cir	4	3.1	$699,000	$635,000	Haverford
141 S Eagle Rd	3	1	$169,900	$165,000	Havertown
140 Golf Hills Rd	4	3	$279,900	$275,000	Havertown
217 Stoneway Ln	3	2.1	$239,900	$230,000	Merion
510 S Narberth	5	3.1	$565,000	$576,000	Merion
109 Winchester	3	1.1	$284,900	$289,000	Merion
529 Valley View	4	1.1	$335,000	$320,000	Merion
512 Monroe Rd	3	2.1	$485,000	$458,500	Merion
551 Howe Rd	4	2.2	$719,000	$695,000	Merion
411 Haywood Rd	5	4.1	$849,000	$849,000	Merion
232 Forrest Ave	4	2	$385,000	$375,000	Narberth
310 N Essex Ave	6	2.1	$399,500	$393,000	Narberth
104 Sabine Ave	3	1	$265,000	$245,000	Narberth
815 N Woodbine	6	4.2	$891,000	$855,000	Narberth
7320 Malvern	3	1.1	$153,000	$153,000	Overbrook
6534 Lebanon	3	2	$169,972	$160,000	Overbrook
852 Margo Ln	3	3.1	$489,000	$450,000	Penn Valley
1327 HagysFord	4	3.1	$439,900	$400,000	Penn Valley
848 Margo Ln	4	2.1	$459,900	$405,000	Penn Valley
910 Centennial	4	2.1	$647,500	$580,000	Penn Valley
1320 Bobarn Dr	5	5.1	$890,000	$898,000	Penn Valley
1214 Valley Rd	6	5.1	$780,000	$735,000	Villanova
264 Willow Ave	2	1.1	$235,000	$220,000	Wayne
257 Harrogate Rd	3	1.1	$299,950	$302,000	Wynnewood
821 Powder Mill	3	1.1	$339,900	$340,000	Wynnewood
608 Latham Dr	3	2.1	$375,000	$360,000	Wynnewood
816 Dover Rd	3	2	$389,900	$370,000	Wynnewood
360 Wister Rd	3	2	$399,000	$399,000	Wynnewood
927 Remington Rd	3	2.1	$519,000	$495,000	Wynnewood
1501 Manoa Rd	4	2.1	$495,000	$495,000	Wynnewood
904 Nicholson Rd	4	2.1	$520,000	$502,500	Wynnewood
1164 Morris Rd	3	2.1	$575,000	$545,000	Wynnewood
1138 Morris Rd	4	2.2	$595,000	$563,000	Wynnewood
310 Penn Rd	5	3.1	$699,900	$675,900	Wynnewood

Bryn Mawr Foreclosure Opportunity

124 N. Merion Bryn Mawr, $499,000

Visited this handsome post-foreclosure, bank-owned home in Bryn Mawr this week and was impressed by its condition. It's not uncommon to see a home that's been through foreclosure in very rough condition - after all, if the payments couldn't be made forget about maintenance or upkeep.
But this classy 4 Bed/3.1 bath stone tudor on Merion Avenue - just across the street from Shipley School and the lush environs of Bryn Mawr College is ostensibly move-in ready and a fine value at a Bank-Owned price of $499,000. So maybe its not the swankiest home in the neighborhood. The Kitchen needs some updating and baths yearn for a do-over, but that appears to be reflected in the price.
This home sold for $700,000 about five years ago and a similar neighboring home went for $800,000 around the same time. True it's not 2005 anymore, and the house needs some TLC, but the nice hardwoods, ample back porch, and location just minutes walking distance to the vibrant culture of downtown Bryn Mawr make it a potentially great opportunity. This property is listed with an REO brokerage and any realtor, including Ted and Heather of R5Realty.com and Prudential Fox & Roach can take you for a tour.
Contact Ted at 610-348-7972 to learn more about this and other great values in R5 Country from CenterCity to Wayne.

Frank Lloyd Wright for Sale in Lower Merion

In 1939, Frank Lloyd Wright designed/built the "SunTop" homes near Wynnewood Road. in Ardmore. Four relatively small single family homes share a common axis on a lot at the corner of Sutton and Spring Avenue. I'm no student of architechture but the homes are immediately recognizable to the untrained eye as quintissential Wright.

Called the SunTop homes as each dwelling has its own privated roof deck, the concept was to provide the mid-20th century working man with a modest but elegant suburban home. Currently two of the homes are unoccupied, which makes for easy viewing of the exterior or for peering at the sculpted interiors.

One of the SunTop homes is now listed for sale at approx $465,000. These homes have aged with mixed consequences and some restoration is in order, but for an afficianado looking for a small Frank Lloyd Wright home not too far from the Rusty Nail Tavern and the Head Nut, its a gem in our backyard.

One thing that has aged well is the landscaping around the homes, which offers a sense of seclusion and privacy in an otherwise pleasant and ordinary Ardmore residential area. You might pass these homes by, which is, I think, a testament to the inherent beauty of the project.

Lower Merion Auction Fizzles

What happens when a home is slated for auction and only a few interested parties show up?

Unfortunately, nothing!
R5Realty.com attended the auction of the stately, yet weathered palace on Montgomery Ave., across from Suburban Square this past Saturday Nov. 6th. We got there about 1:30pm and took the tour of this weathered Goddess with lovely grounds (see October auction post for address details).
We chatted with the lonely auction personnel and the Realtor, who explained that unlike some auctions, this one was being held out of choice and not out of necessity. Owners/property is not in financial distress, but decided an auction might be the best avenue to attract buyers in this market, according to the agent.
Several interested buyers stalked the grounds in anticipation of the 2pm auction. Given the paucity of potential bidders, I wondered if a steal might be in the making.... Should I run to the bank for the needed 20k deposit?
Fortunately I stayed put and at 215pn the auctioneer announced the sellers decided not to go thru with the auction based on the relative lack of interest.
Doh! Was looking forward to seeing the auction happen but no dice.
While the auction did not happen, this once grand house is still for sale hundreds of thousands of dollars below renovated value.
Someday someone will restore this place to its flagship status by Montgomery Avenue, someday I will get to see a hooping, hollering auction in Ardmore, but for now, the status is Quo.

Housing Prices/Sales Lower Merion - Philadelphia R5 Region for October

Address	Bed	Bath	Last Price	Sold Price	City/Station
225 Chestnut Ave	3	1.0	$165,000	$165,000	Ardmore
236 E Spring Ave,	5	2.0	$175,000	$181,000	Ardmore
109 Walnut Ave	5	1.0	$199,000	$200,000	Ardmore
60 Llanfair Cir	3	2.1	$589,000	$563,300	Ardmore
135 Woodside Rd	3	2.1	$685,000	$670,000	Ardmore
2910 Haverford Rd	4	2.0	$199,000	$199,000	Ardmore/Deco
2623 Chestnut Ave	5	1.1	$179,000	$179,000	Ardmore/Delco
2829 Haverford Rd	3	1.1	$263,500	$250,000	Ardmore/Delco
2319 Belmont Ave	3	1.1	$263,000	$260,000	Ardmore/Delco
617 N 20th St	3	2.1	$525,000	$510,000	ArtMuseum
820 N 21st St	3	2.1	$559,900	$520,000	ArtMuseum
5 Derwen Rd	4	4.1	$419,900	$420,000	BalaCynwyd
116 School St	3	1.0	$299,000	$293,500	Bala Cynwyd
711 Fordham Rd	4	2.1	$439,900	$390,000	Bala Cynwyd
6 Elmwood Ave	4	2.0	$289,900	$273,000	BalaCynwyd
1115 Sandringham Rd	4	2.2	$499,000	$450,000	BalaCynwyd
24 Llanberris Rd	4	3.1	$925,000	$855,000	BalaCynwyd
919 Lafayette Rd	4	3.1	$625,000	$575,000	Bryn Mawr
813 Gatemore Rd	4	3.0	$645,000	$617,000	Bryn Mawr
38 Franklin Ave	5	1.0	$199,500	$159,000	BrynMawr
720 Waverly Rd	5	2.1	$699,000	$675,000	BrynMawr
592 Barrett Ave	5	2.0	$359,900	$350,000	Haverford
244 Stoneway Ln	3	2.0	$229,900	$208,000	Merion
613 General Lafayette Rd	4	2.0	$469,000	$450,000	Merion
485 Merion Rd	4	3.1	$695,000	$595,000	Merion
506 Gordon Ave	3	1.0	$285,000	$250,000	Narberth
522 Brookhurst Ave	3	1.1	$285,000	$285,000	Narberth
218 Lantwyn Ln	3	2.0	$335,900	$324,650	Narberth
3 Hansen Ct	3	2.1	$449,000	$420,000	Narberth
436 Anthwyn Rd	4	3.0	$430,000	$425,000	Narberth
233 Righters Mill Rd	3	2.1	$600,000	$497,000	Narberth
238 Righters Mill Rd	5	3.1	$809,000	$750,000	Narberth
7346 Malvern Ave	3	1.1	$119,900	$120,000	Overbrook
7600 Sherwood Rd	3	1.1	$159,000	$130,000	Overbrook
2827 Ogden St	3	3.1	$447,500	$425,000	Overbrook
519 Penn Valley Rd	5	5.1	$899,900	$835,000	Penn Valley
715 Broad Acres Rd	3	2.1	$279,900	$240,000	PennValley
514 Fairview Rd	4	3.1	$649,000	$613,000	PennValley
1330 Centennial Rd	5	4.1	$999,000	$960,000	PennValley
444 Clairemont Rd	4	2.1	$475,000	$445,000	Villanova
2001 County Line Rd	4	2.1	$499,900	$465,000	Villanova
807 Oxford Crst	3	3.2	$899,000	$700,000	Villanova
125 Haverford Rd	4	2.1	$399,900	$395,000	Wynnewood
145 Trent Rd	4	2.0	$465,000	$420,000	Wynnewood
934 Remington Rd	4	2.2	$450,000	$445,000	Wynnewood
724 Argyle Rd	3	2.1	$489,000	$474,000	Wynnewood
1217 Andover Rd	4	3.1	$566,000	$537,500	Wynnewood
547 Wayfield Rd	5	2.2	$879,000	$808,000	Wynnewood