Tinicum Recognized as Great Spot for Millennials Buying Their First Home

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Properties like this at 304 Massasoit Street in Tinicum are the reason why the township is a good destination for first-time home buyers. Photo courtesy of Trend.

A recent report in the Philadelphia Inquirer plugged Tinicum as a great spot for millennials looking to buy their first home.

Tinicum, which comprises Essington and Lester, is home to slightly more than 4,000 people.

Real estate agents in this part of the region usually note the distance to I-95 and the airport when they are marketing houses, writes Alan Heavens of the Inquirer. SEPTA’s Airport Line is easily accessible from the township’s neighborhoods.

According to Barbara M. Mastronardo, associate broker at Weichert Realtors in Media, who sold her first house in Essington 25 years ago, Tinicum is not a big residential real estate market.

The median sale price there in the last three months is $80,500 (half the houses sold for more, half for less).

“Good housing stock for an investor-type environment,” Mastronardo told Heavens – and for millennials looking for a first house, despite concerns of equity and financial readiness. A lot of the single homes in Tinicum have been converted to duplexes and triplexes over the years.

“Along Corinthian Avenue, there are nothing but duplexes that are well-received when they go on the market,” Mastronardo said.

According to Heavens, the price range of the 11 houses that have settled in the last 90 days is $36,000 to $177,000.

The township boasts a number of mom-and-pop restaurants: Lehman’s for steaks, Mel’s Diner, Big Joe’s, Monaghan’s Irish Pub, Kelly’s Corner, McBride’s Bar and Grill, and Romano’s Stromboli Pizzeria,

Tinicum is a part of the Interboro School District.

Click here to read more about Tinicum in the Philadelphia Inquirer.

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