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, January 13, 2012

End of 2011 Home Prices in Narberth & Lower Merion

November and December's Homes Sold Under a Million Lower Merion and Narberth

Street AddressTownSold ForBedsBathsSq. Ft.Asked
205 Greenfield TerArdmore$130,000 511,350$145,000
114 Elm AveArdmore$203,500 31.11,275$214,900
328 E Spring AveArdmore$236,000 211,006$249,500
123 Sutton RdArdmore$250,000 321,860$250,000
316 Locust AveArdmore$296,000 42.11,800$299,900
147 Cricket AveArdmore$381,500 42.22,652$375,000
125 Grandview RdArdmore$402,500 52.12,334$389,900
38 Chestnut AveBala Cynwyd$280,000 31.11.109$285,000
115 David RdBala Cynwyd$315,000 322,274$385,000
5 Heckamore RdBala Cynwyd$381,000 33.12,440$375,000
107 Grasmere RdBala Cynwyd$400,000 44.12,778$495,000
222 Ebenezer AveBala Cynwyd$470,000 533,100$479,900
21 Penarth RdBala Cynwyd$475,000 43.12,314$495,000
104 Bryn Mawr AveBala Cynwyd$765,000 53.14,738$775,000
201 Oak Hill RdBala Cynwyd$800,000 54.14,007$865,000
158 Maple AveBala Cynwyd$310,000 31.11,533$319,000
639 Old Gulph RdBryn Mawr$451,050 333,042$549,000
1101 Beech RdBryn Mawr$655,000 44.13,103$675,000
801 Edwin LnBryn Mawr$914,500 64.14,166$1,099,000
208 River RdGladwyne$250,000 11952$350,000
522 Consh. State RdGladwyne$778,000 43.14,133$819,000
231 Righters Mill RdGladwyne$830,000 43.13,198$900,000
1551 Lafayette RdGladwyne$957,500 67.15,959$1,049,000
1115 Youngsford RdGladwyne$985,000 34.13,644$1,095,000
207 Haverford RdWynnewood$240,000 32.13,152$270,000
531 Glenwood RdMerion $355,000 42.11,576$399,500
327 Hamilton RdMerion $542,000 42.22,400$599,000
265 Forrest RdMerion $900,000 52.13,378$899,000
236 Forrest AveNarberth$200,000 52.11,742$200,000
514 N Essex AveNarberth$327,500 311,802$350,000
333 Merion AveNarberth$355,000 41.11,794$369,000
203 Barrie RdNarberth$375,000 321,692$385,000
213 Price AveNarberth$377,000 41.11,780$375,000
224 Avon RdNarberth$425,000 411,675$439,000
14 Hansen CtNarberth$425,000 32.12,480$430,000
226 Hampden AveNarberth$555,000 53.12,194$579,000
540 Sprague RdPenn Valley$515,000 42.13,321$569,000
1125 Hollow RdPenn Valley$540,000 44.13,337$595,000
1213 Centennial RdPenn Valley$560,000 42.12,388$600,000
1319 Centennial RdPenn Valley$572,000 42.13,022$599,999
206 Fairview RdPenn Valley$715,000 42.12,606$799,000
308 Sprague CirPenn Valley$775,000 43.24,139$840,000
403 Fairview RdPenn Valley$863,000 43.13,416$899,000
400 Saybrook RdVillanova$565,000 443,845$600,000
1309 Valley RdVillanova$596,854 53.13,988$599,000
1415 Kyneton RdVillanova$730,000 23.13,100$765,000
1157 Brynlawn RdVillanova$942,000 43.13,260$979,000
230 Harrogate RdWynnewood$322,000 321,836$339,900
272 Henley RdWynnewood$346,000 321,561$350,000
1605 Brookhaven RdWynnewood$386,500 32.11,572$385,000
1358 Garden RdWynnewood$516,250 53.12,912$530,000

New Narberth Home: Thinking Outside the Box





 At Left: Garage & In-Law Suite, Center is Main House. Right is Retained Element of Original Farm House.

   
  This brand new modular, pre-fab home is in rapid progress of being completed on a gorgeous 1.1 acre lot at 233 Righters Mill Rd in Narberth/Penn Valley. New owners are relocating from Art Museum area and plan to enjoy the wonderful Elementary school just down the street. R5Realty plans to post updates photos but rest-assured, this is no glorified trailer park.  Extensive planning and consideration went into the $500,000 purchase of the property and the well-worn and now razed 75-year-old farmhouse. 
 Neighbors are fotunate to welcome new owners, who are constructing just their own custom-planned 5,000+ sq ft., single-family dwelling, progressively designed and sensibly situated to retain the distinctive quality of the neighborhood and bucolic landscape. Scranton's Simplex Industries and Orion General Contracting began assembling the prefabricated modular sections on January 11. 

The project is expected to take about two months to complete, but you would never know it given the alacrity with which  a huge crane hoisted and swung modules into place on the pre-poured foundation. In addition to the main structure, the home will have a garage and mother-in-law suite attached via breezeway. A small portion of the original farmhouse has been salvaged and owner plan to creatively incorporate it into/onto the main home. This sensitivity and vision is representative of the project as a whole, which utilizes a variety of green concepts efficiencies.
 Lots More R5 Realty Photos of the Project

Cranes lift and place modules forming the Main House. Plans for incorporating original remnant are TBD.

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Saturday, December 3, 2011

Main Line Rental Update: House Prices in Narberth, Lower Merion, Radnor Townships Autumn 2011

Nearly 50 single-family, twin, or row-style Houses were Broker-Rented from $1000-$3000 during October and November in Narberth, Lower Merion and Radnor Townships.
For more details or assistance renting a property (tenants & landlords) call Ted 610.348.7972

Street AddressTownTwp.Rented BedsBathAsked 
38 Holland AveArdmoreLM $1,200 41$1,350
33 Chatham RdArdmoreLM $1,990 31$1,990
408 Bala AveBala CynwydLM $1,450 21.1$1,495
130 Edgehill RdBala CynwydLM $1,750 31.1$1,750
202 Marywatersford RdBala CynwydLM $2,000 53$2,000
20 Montgomery Ave DBala CynwydLM $2,100 32.1$2,100
29 Bryn Mawr AveBala CynwydLM $2,100 53.1$2,150
102 Bryn Mawr AveBala CynwydLM $2,400 43.1$2,400
836 Lindy LnBala CynwydLM $3,000 34$3,000
503 Old Lancaster RdHaverfordLM $1,400 31$1,450
555 Barrett AveHaverfordLM $1,600 41$1,600
204 Stoneway LnMerionLM $1,600 32$1,600
41 Merion RdMerionLM $2,400 42.1$2,400
408 Merwyn RdMerionLM $2,900 42.1$3,000
516 Latmer RdMerionLM $2,900 43.1$2,900
1750 Oakwood Ter 17EPenn ValleyLM $1,875 22$1,875
1750 Oakwood Ter 10 KPenn ValleyLM $1,900 22$1,900
1217 N Woodbine AvePenn ValleyLM $2,300 42.1$2,300
51 Franklin AveRosemontLM $1,550 31$1,550
300 Clairemont RdVillanovaLM $2,800 43$3,000
244 Harrogate RdWynnewoodLM $1,540 31.1$1,680
1409 Greywall LnWynnewoodLM $1,700 32$1,700
1318 Sussex RdWynnewoodLM $2,500 32$2,650
1355 W Indian Creek DrWynnewoodLM $2,600 53.1$2,700
317 Hampden AveNarberthNarb/LM$1,300 21$1,350
235 Iona AveNarberthNarb/LM$1,550 31$1,550
109 Chestnut AveNarberthNarb/LM$2,400 52.1$2,500
239 Williams RdBryn MawrRadnor $1,175 31$1,175
714 Moore AveBryn MawrRadnor $1,600 31.1$1,600
115 Montrose AveBryn MawrRadnor $1,800 31.1$2,000
138 Montrose Ave 11Bryn MawrRadnor $1,950 32.1$1,950
116 Montrose Ave GBryn MawrRadnor $1,975 22.1$2,100
200 S Roberts Rd D1Bryn MawrRadnor $2,000 32.1$2,100
145 Eachus AveBryn MawrRadnor $2,000 42.1$2,000
714 S Roberts RdBryn MawrRadnor $2,300 42.1$2,300
9 Beatrice DrBryn MawrRadnor $2,700 31.1$2,800
602 Heather LnBryn MawrRadnor $2,800 42.1$2,800
106 Petrie AveBryn MawrRadnor $2,850 43.1$2,850
209 Barren Rd,Newtown SqRadnor $1,775 32$1,825
538 Conestoga RdVillanovaRadnor $3,000 42.1$3,200
264 N Aberdeen AveWayneRadnor $1,275 21$1,275
303 Pennsylvania AveWayneRadnor $1,500 31.1$1,525
591 S Devon AveWayneRadnor $1,900 42$1,900
325 Liberty LnWayneRadnor $2,000 32.1$2,000
431 Eagle RdWayneRadnor $2,200 43.1$2,400
37 Greythorne WoodsWayneRadnor $2,550 32.1$2,550