Real Estate
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Jersey Shore Mansion Built by Former Owner of Downingtown Motor Inn on Market for $13.9M
A 15-bedroom, 16-and-a-half-bathroom Jersey Shore mansion built by late Philadelphia banker and hotelier Daniel Tabas, former owner of Downingtown Motor Inn, has hit the market for $13.9 million, writes Ryan Mulligan for the Philadelphia Business Journal. The 10,500-square-foot home sits on a 125-foot by 125-foot lot and features abundant outdoor terrace space, an elevated pool,…
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First Bank House of the Week: a Media French Contemporary
A majestic French contemporary home that rests on a lovely 2.76 acres has four bedrooms and three and a half bathrooms, and is available for sale in Media. This beautiful residence overlooks the Springton Reservoir and offers spectacular views from its spacious wraparound veranda. Highlights include a spacious entrance hall with gleaming hardwood floors and…
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Home Sales Slow, Staying on Market Longer in Delaware County
In August, half of Redfin home listings in Delaware County still hadn’t found a buyer after 60 days, indicating a slowing real estate market, writes Michaelle Bond for The Philadelphia Inquirer. This comes after years of record low mortgage rates and fierce competition. Current conditions locally are what real estate brokers call “extra stale,” with…
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Temple University Acquires Shopping Center on North Broad Street for $8.2 Million
Temple University recently bought a North Broad Street shopping center near Temple’s health system campus for $8.2 million, writes Paul Schwedelson for the Philadelphia Business Journal. Temple paid the millions to Wynnewood-based Overbrook Investment Properties for the 45,290-square-foot retail strip. Aside from an 11,447-square-foot former Rite Aid store, the site is fully occupied. Temple’s health…
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Couple Restores Widener 1925 Home in Haverford
Ty and Lexie Peltzman wanted a house with history and they found it in stately, 10-acre property in Haverford, a 1925 Georgian Revival house, reports Architectural Digest, as reprinted at msn.com. The home was designed by Horace Trumbauer, a Gilded Age architect who created residential manors for affluent city dwellers. The six-bedroom home with six…
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N.C. Wyeth’s Former Needham Home Is Now Up for Sale
The former home of NC Wyeth, the renowned Chadds Ford painter and illustrator and father of painter Andrew Wyeth, is on the market in Needham, Massachusetts, where he lived prior to moving to Chester County, writes Madeline Bilis for BOSTON.com. Wyeth was born in the house adjacent to the property for sale. He left Needham…
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Bucks County Couple Find Perfect Vacation Sanctuary for Entire Family in Ocean City Beach Home
Bucks County residents Chuck and Linda Ormsby found the perfect getaway place for their family of 17 in an oceanfront Ocean City house, writes Terri Akman for The Philadelphia Inquirer. The couple bought the home in 2018, when their realtor insisted they see it before it was even listed. The Ormsbys already owned a smaller…
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First Bank House of the Week: Inviting Brick Colonial in Broomall
An inviting brick colonial home on 0.43 lovely acres with five bedrooms and four full and two half bathrooms is available for sale in Broomall. This impeccably maintained residence perfectly blends classic charm and contemporary amenities. The home welcomes you with its spacious grand two-story foyer with beautiful curved staircase. Other highlights include a light-filled…
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Yeadon Warehouse’s Value Is Up 41 Percent From Two Years Ago
A Yeadon warehouse, one of the largest industrial buildings in Delaware County, recently sold for $59 million, a 41 percent increase in value since it was purchased two years ago, writes Paul Schwedelson for Philadelphia Business Journal. The 468,000 square-foot building at 6250 Baltimore Ave. had been bought two years ago by Velocity Venture Partners.…
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George Washington Wood Bed & Breakfast, a 142-Year-Old Victorian Hits the Market
The historic George Washington Wood Bed & Breakfast in Conshohocken is now on the market for $3.2 million, reports Emma Dooling for the Philadelphia Business Journal. The three-story, 142-year-old Queen Anne Victorian building features six bedrooms, each with its own bathroom, and is being sold fully furnished, along with the bed and breakfast business. Owner…
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First Bank House of the Week: Crisp Colonial with Plenty of Decorative Potential in Lansdowne
A beautiful colonial home on a 6,098-square-foot lot with five bedrooms and two bathrooms is available for sale in Lansdowne. . . This attractive, fully updated residence perfectly blends character with modern amenities and features an open floor plan that is ideal for entertaining. Highlights include a large living room with cozy wood fireplace, a…
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Bucks County Breaks Record for Biggest Real Estate Transaction Ever, But Sale Wasn’t to Who Was Rumored
A recent sale of more than 100 acres in Plumstead broke the record for the biggest residential real estate sale in Bucks County’s history, writes Joe Ciavaglia for Philly Blurbs. While rumors swirled that Taylor Swift purchased the property, the superstar singer confirmed she did not. While it’s currently unknown who the buyer and new…
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Delaware County and Philadelphia Saw Greatest Increase in Income Required to Buy House
According to a new Redfin analysis, the income needed to purchase a typical home in Philadelphia and Delaware counties went up by nearly six percent, the highest increase recorded among the 50 most populous metro areas in the United States, writes Michaelle Bond for The Philadelphia Inquirer. To be able to afford the $300,000 cost…
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Mike Schmidt’s Delaware County Home Up for Sale at $4.9M
A Delaware County home once belonging to Philadelphia Phillies legend Mike Schmidt is up for sale at $4.975 million, writes Ryan Mulligan for Philadelphia Business Journal. The 12,000-square-foot home in Media has seven bedrooms and six-and-a-half baths. It’s just off the Springton Reservoir on Providence Road. … … Schmidt bought the home in November 1979…
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This Delaware County Community Was Named 3rd Safest in Pennsylvania
Property Club, a New York City property listing site, has listed a Delaware County community as the third safest community in Pennsylvania. The site posted information to people relocating to Pennsylvania and identified Swarthmore in a listing of the state’s safest communities. Swarthmore ranked just below Murrysville and above West Mifflin. Swarthmore has a population…
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First Bank House of the Week: Gorgeous Chadds Ford Colonial for Sale
A gorgeous colonial home on 2.12 attractive acres with four bedrooms and two and a half bathrooms is available for sale in Chadds Ford. This lovely residence boasts a completely remodeled exterior with James HardiePlank siding and a two-tiered deck and features a great open floor plan. It welcomes you with a two-story foyer with…
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Upper Makefield Mansion with Extensive Outdoor Space Hits Market for Millions
An almost 16,000-square-foot home with extensive outdoor space in Upper Makefield close to Jericho National Golf Club in New Hope has recently hit the market for $7.25 million, writes Ryan Mulligan for the Philadelphia Business Journal. The current owners purchased the home six years ago and spent the next two years renovating the property, noted…
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Long Beach Island Beachfront Parcel Hits Market for $21M
A 2.5-acre beachfront parcel on Long Beach Island has hit the market for $21 million, presenting an amazing opportunity for developers, writes Ryan Mulligan for the Philadelphia Business Journal. According to listing agent Jeffrey Childers of Childers Sotheby’s International Realty, the property is one of the largest residential oceanfront parcels in New Jersey. The site…
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