Archive for April, 2011

(Up-to-Date) Five Most Expensive Homes in Philadelphia

Tuesday, April 26th, 2011


In August of 2010, we presented to you the “Five Most Expensive Homes in Philadelphia.” These featured homes included: 1706 Rittenhouse Square- priced at $5,398,200, 228 West Washington Square- priced at $5,485,000, the Barclay Condominium- priced at $5,575,000, thePhiladelphia Real Estate Latimer House- priced at $6,200,000 and the city’s frontrunner, the Bergdoll Mansion- priced at $6,995,000.

But… that’s all in the past. Today, we’d like to present to you the current, five most expensive homes that Philadelphia has to offer. We will count down to the new reigning champ; our city’s most expensive home on the market. We will include property listings, as is, and… price tags. You will see how much the Philadelphia Real Estate Market has changed, in a mere nine months.

So, fasten your money clips… because our countdown begins… right now.

#5 Spot: 130 S. 18th Street 2504, Philadelphia, PA 19103$3,650,000

Listing Says: Largest 3 bedroom 4 .5 bath with full Rittenhouse Square views with wrap-around East, South and West views. Living areas feature Cherry Wood Floors. The kitchen opens to 32 ft. long great room with Juliet Bay windows overlooking Rittenhouse Square- and flooded with sun light. Butler’s pantry features Sub Zero Wine refrigerator with plenty of cabinetry for glassware with additional sink and 2nd dishwasher- wonderful for entertaining. Master suite has stunning views of Rittenhouse Square & striking river views from the East- Also, features his/her baths and 2 walk-in closets and separate library/office. The West Wing of this home features 2 guest bedrooms with in-suite marble baths. RESIDENT AMENITIES: 24 hr Doorman, Concierge, Chauffeur-Driven Mercedes, 10 yr Tax Abatement, Fitness Center, Indoor Pool, Yoga Room, Outdoor Garden, Storage Locker, Guest Suite, 1 CAR PARKING INCLUDED and Room Service by SERAFINA!

#4 Spot: 400-26 S. Broad Street 2008, Philadelphia, PA 19146 - $3,899,000

Listing Says: Dramatic & definitely one-of-a-kind. The ultimate condominium, the city’s premier address. An elegant 5100 square ft. of sophistication spanning the full southern hemisphere of floor 20 at 400-26 South Broad StreetSymphony House. Grand main living area with raised level custom bar with granite, custom stone ledge walls & 60″ plasma. Caribbean rosewood floors, multiple floor-to-ceiling window walls. Custom island kitchen with granite, custom Viking appliances including 6-burner gas cook top, 2 ovens, warming drawer & Subzero. Electric shades, custom window treatments, sound system & designer lighting throughout. Beautiful crown & moldings. Handsome executive office with Venetian-plastered walls, built-in cherry cabinets & desk, 42″ plasma. Owner’s Suite w/sitting area, 42″ plasma, over-sized walk-in closet. Spacious 250 square ft. laundry/utility room with custom-built cherry cabinetry. Separate Au Pair Suite with full kitchen, dining, living, bedroom & full bath has its own entrance connected with the main residence. 3 package spaces/4 balconies/extra storage/tax abatement. A rare opportunity

#3 Spot: 1830 Rittenhouse Square 3A, Philadelphia, PA 19103$3,995,000

Listing Says: The home of Raymond and Miriam Klein is a 5377 square foot apartment located in the architectural masterpiece at 1830 Rittenhouse Square. Known as the “Grande Dame” of the Square. 1830 is acclaimed for its gorgeous extraordinary lobby, bay windows, beautiful iron work, a limestone façade1830 Rittenhouse Square and exquisite canopy. This magnificent condominium residence, located on the south side of Rittenhouse Square, is known for its definitive old world services, including staff-operated elevators and twenty-four hour doormen. The spaces in this residence are elegant and the views into Rittenhouse Square are unparalleled. Living Room, Dining Room and Library all face the square. Ceiling height in this elegant home is 10+ feet high. There is a ballroom that seats 75. The master suite has two baths. There is a large eat in kitchen. There are two additional bedrooms with ensuite baths and two additional powder rooms. This is the only full floor in the building. The best views in the city!

#2 Spot: 210 W. Washington Square 10E, Philadelphia, PA 19106 - $5,200,000

Listing Says: Prestigiously Located in The Ayer Condominium. This Meticulously-Detailed residence features 3 bedrooms, 3.5 baths. A Grand Gallery entrance perfect for the Art Connoisseur opens into the living room featuring stunning views & an abundance of natural light on 3 sides. A bulthaup Kitchen boasts quartz countertops w/Miele stainless steel appliances, 2 Ovens & dishwasher, huge Island w/double sink & storage & an Integrated Subzero refrigerator. Soaring 11.5 Foot Ceiling Heights enhance the sense of volume in your Living Spaces. 4000 square feet, facing historic Washington Square & the river. East- West-North & South Exposures. The Master suite has all the modern luxuries one desires–large walk –in closets, sitting area, his & her baths, Views of the historic Park & River, Extraordinary Wesley Wei Architect Designed Home office, meditation room with koi pond & media room, Large Balcony, Chauffeured Driven Lexus, Fitness center, Valet Parking, 24 hr Concierge service, doormen. Storage and 2 garage parking spaces.

The winner, our #1 Spot: 1706 Rittenhouse Square 2101, Philadelphia, PA - $5,249,600

Listing Says: Incomparable full floor residence with 360 degree river to river views! Private elevator, 4200 sq ft, 2 balconies, high ceilings, one car garage parking, lush garden and koi pond, fitness center with sauna and lap pool. Live effortlessly with unparalleled service and convenience.

Philadelphia Real EstatePhiladelphia Real Estate

Check-In at Graduate Hospital

Thursday, April 14th, 2011

If you’ve been browsing the Philadelphia real estate section lately, you’ve undoubtedly come across the area coined “Graduate Hospital.”This buzz worthy neighborhood, also known as “G-Ho,” has experienced Philadelphia Real Estatean explosive real estate development, and has certainly won our undivided attention.

“Although the actual institution is now history, the conceptual “Graduate Hospital” will live on.” At the moment, G-Ho area is boxed in by South Street to the north, Broad Street to the east, Washington Avenue to the south and Grays Ferry Avenue to the west (Wikipedia). However, due to its’ relentless success, many predict expansion on the map in the near future.

The socially and economically diverse neighborhood consists primarily of 19th and 20th century row homes, corner stores, churches and some architectural landmarks. Recently, hundreds of single family homes and condominium units have been built or refurbished- driving a variety of new businesses to flourish- and creating a united and invigorated community (Wikipedia).

The rejuvenated G-Ho offers many restaurant and bar hotspots. Its’ most celebrated establishment is Grace’s Tavern, which was ranked #1 in Philadelphia Weekly’s Top 50 Bars list. Other noteworthy establishments include Pub & Kitchen, Sidecar Bar & Grille, Lazaro’s Pizzeria, Cafe L’Aube, Ants Pants Cafe, Dmitri’s, Govinda’s, Divan Turkish Kitchen and Resurrection Ale House- just to name a few (Philadelphia Weekly).

The Graduate Hospital boom has gained a lot of attention, and as a result, the area’s desirability has increased. According to Trulia, a real estate search engine and community, “the median sales price for homes in Graduate Hospital for Jan 11 to Mar 11 was $282,450 based on 26 sales. Compared to the same period one year ago, the median sales price decreased 0.9%, or $2,550, and the number of sales decreased 64.4%. Average price per square foot for Graduate Hospital was $211, a decrease of 8.7% compared to the same period last year. There are currently 215 resale and new homes in Philadelphia on Trulia, including 14 open houses, as well as 33 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Graduate Hospital was $403,475 for the week ending Apr 06, which represents an increase of 0.7%, or $2,855, compared to the prior week (Trulia).”

The success of G-Ho is inviting, and its’ bright future is even more alluring. As the Philadelphia real estatePhiladelphia Real Estate market continues to improve, be sure to keep Graduate Hospital in mind- because this thriving area is a place to invest both your precious time and money in.

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