The Philadelphia Real Estate Blog

1 Bedroom Condo Unit for Sale in Old City Philadelphia

Call The Somers 215-400-2620, RE/MAX Access, Northern Liberties, Philadelphia

50 N Front Street 406 - Photo Gallery

This 1 bedroom condo for sale in Old City, is FHA Friendly and located on the 4^th floor (back) of the Historic River Church building (named after Church Street and the DE River).

Conveniently located amongst the nostalgia and culture of the gallery and restaurant district, this beautifully appointed condo offers a modern space with old world charm.

A fully loaded kitchen with granite counters and stainless appliances overlooks the living and dining area.

There is a spacious bedroom with ample closets and a beautiful bath. This condo offers a huge common roof deck with panoramic views of the river, Penn's Landing and the entire Philadelphia and Camden city scape.

Other great features of this condo include:

• Elevator access to each floor
• washer and dryer included
• central air
• video phone system hardwired to the secure entry door

This 1 bedroom condo for sale in Old City offers you the affordability and life-style that can only be found in one of the most progressive districts in Philadelphia. 5 yrs on Tax Abatement. We welcome your visit.

TheSomersTeam.com

215-400-2620

Remax Access, Northern Liberties

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If interested in buying or selling properties in Philadelphia, contact Chris and Stephanie Somers at thesomersteam@yahoo.com or 215-400-2612. For investment properties, check out our new investor site at Philly Investor Hub! If interested in checking out our new office in Northern Liberties, let us know !

The Somers Team - Philadelphia Real Estate

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Areas of specialty include: Northern Liberties, Old City, Center City, Fishtown, Graduate Hospital, Art Museum, Queen Village, Pennsport, Old Kensington, Port Richmond, Bridesburg, Society Hill, Loft District, Spring Garden and more !

Old City is a preserved historic district that contains many of Philadelphia's most famous and widely visited attractions. The area still maintains an urban edge with fashion boutiques and salons, arthouse movie theaters, a thriving community of art galleries and design stores, and an array of dining options. Salons and furniture shops are aplenty. The Franklin Fountain ice cream parlor is an old-fashioned crowd favorite, particularly in the summer. You will find your cheesesteaks, but you will also find acclaimed restaurants such as Zahav and Morimoto.

The riverside neighborhood has access to the Market-Frankford line and is a short walk to the attractions of Northern Liberties. The historic architecture and cobblestone that still remains on many streets give Old City a charming feel. There are many tiny alleys and horse-drawn carriages still populate the streets along with the zippy Mazda 3's and giant SEPTA buses. Old City hosts First Friday at the beginning of every month, for new art exhibitions at the many galleries.

Ready to search for Old City properties?


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New Listing 315 New Street 602 in Old City for $234,900

Welcome to this charming Old City condo in the heart of the Historic, Gallery and Restaurant district.

The condo building has a secure front desk and lobby area that has been recently redecorated and elevators for easy access to each floor. This one bedroom is completely updated and includes a storage room on the same floor.

The property is a one floor, cathedral ceiling design with exposed brick and absolutely breathtaking city views throughout. Soaring factory sized window and plenty of natural light flood the kitchen, living room, and dining area. The kitchen offers a convenient breakfast bar and all of the appliances are included.

Visit the Photo Gallery

Spacious bedroom, convenient hall bath, and expansive closet space are certainly desired features. Showings are very easy and we welcome your visit.

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If interested in buying or selling properties in Philadelphia, contact Chris and Stephanie Somers at thesomersteam@yahoo.com or 215-400-2612 . You can connect with us on Facebook and Twitter .  For investment properties, check out our new investor site at Philly Investor Hub !  If interested in checking out our new office in Northern Liberties, let us know !

The Somers  Team - Philadelphia Real Estate  

Search the MLS Properties Here in Philadelphia

The Philadelphia Real Estate Blog

Click here to receive our Blog updates via email ! 

Areas of specialty include Northern Liberties, Old City, Center City, Fishtown, Graduate Hospital, Art Museum, Queen Village, Pennsport, Old Kensington, Port Richmond, Bridesburg, Society Hill, Loft District, Spring Garden and more !

 Happy Halloween Weekend from Philadelphia !

Both Stephanie and I have been so busy the last week or two we barely have had time for ourselves, let alone a holiday ! Halloween is such a festive and fun holiday we hope everyone took some time to enjoy it. 

Earlier in Northern Liberties, while looking at a property, we experienced a fun and festive Halloween crowd !  It was great to be a part of it and see all of the smiles, the costumes and the families.  The energy alone gave us inspiration to go out to dinner at Jones- one of our favorite, trendy spots in Center City / Old City.

The filet mignon was incredible and the service and ambiance was exquisite.  We even came home in time to have not missed a pitch from game 3 of the World Series since it was delayed.  As I am writing this, the game is just about to begin.

This is a reminder that no matter how busy you are, it is so important to take a moment and enjoy !  Smile !  Life is beautiful !!

We just sold one of the condos in the Pier 3 Condominium building as settlement was this past week ! Pier 3 is located at Penns Landing, which is the most visited river front location in Philadelphia.  The Pier 3 Condos are literally built on a pier that stretches out into the Delaware River.  It offers amazing views of the river as well as the Ben Franklin Bridge.  Inside includes a 24 hour doorman, a wonderful indoor pool and a fitness center.

It is not easy getting these types of properties sold in this market.  But with the right Realtor on your side providing intensive Internet marketing and advertising for your property, it certainly can help !

Below are a couple of photos of the Pier 3 Condominium Building - the first one being a photo of Chris out front of Pier 3 being proud of the recent settlement !

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If interested in buying or selling properties in Penns Landing, contact Chris and Stephanie Somers at thesomersteam@yahoo.com or 215-400-2612 . You can connect with us on Facebook and Twitter .  For investment properties, check out our new investor site at Philly Investor Hub !

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Areas of specialty include Northern Liberties, Old City, Penns Landing, Center City, Fishtown, Graduate Hospital, Art Museum, Queen Village, Pennsport, Old Kensington, Port Richmond, Bridesburg, Society Hill, Loft District, Spring Garden and more !

Old City Parkominium in Philadelphia

Most Realtors and appraisals will value parking in Center City Philadelphia for up to $40,000 to $50,000.  Here is a chance to own parking for $25,000 in an established building where there is 24/7, 365 days a year valet, climate controlled floors, ATM machine and an immediate walking distance to thousands of residences and commercial stores.  This is one of the most desirable parts of Philadelphia !

We have been marketing the Old City Parkominium and its interest is starting to grow.   The location is one of the premier parts of Philadelphia as can be seen to the left.  This is an excellent opportunity for both residents to own parking and investors to invest in Old City without having to buy a $300,000 condo !

The Parkominium has covered parking listed for $25,000.  The prices are expected to increase in July 2009.  The parking is either used for residents or local business owners as well as investors who rent them out.  The current rents are $175.  What investors love about the opportunity is that the investment is maintenance free and there is rarely any vacancies due to the great demand of tenants.  No evictions either !

The building offers 24/7, 365 days a year valet and 24/7 secured parking that is climate controlled.   The valet attendents will always bring the cars up and down one of the 2 elevators.  There are also spots available on the ground floor.

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For more info, contact Chris and Stephanie Somers  at 215-400-2612 or thesomersteam@yahoo.com .  Special financing options and programs are available !

Old City Real Estate - 2br / 2.5 baths, over 2,000 sq ft, short sale for $435,000 !

Pier 5 in Old City offers luxury living on the Delaware River atPenns Landing. This 2 bedroom 2.5 bath property is over 2,000 sq feet and has a nautical feel. 

Experience 2 delightful exterior spaces, one courtyard patio just off of the eat-in kitchen and one located right on the water.

The patio has plenty of room for furniture for outdoor entertaining. Tastefully painted and a dynamic bi-level floor plan with fireplace will be a perfect setting for your furniture. There is a formal dining room, a living room, and a family room, in addition to the 2 bedrooms. The master bedroom offers spectacular bridge views and the master bath offers a jacuzzi style tub, a stand up stall shower, and double sinks.

There are incredible views of the Delaware river and the Ben Franklin bridge that will offer you inspiration year round !

There is a 24/7 doorman and indoor garage parking.  Experience one of the finest locations in all of Old City Philadelphia and Penns Landing !

Listing price of $435,000 represents a substantial value as the property is a short sale.  Act now as this property will not be availble for long !

If interested in this property or interested in buying or selling real estate in Old City, contact Chris and Stephanie Somers at thesomersteam@yahoo.com or 215-400-2612 . 

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Old City Real Estate - Chris and Stephanie Somers

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Old City Real Estate - To stage or not to stage ?

Studies and statistics show that staged properties will sell not only faster than non-staged properties but also sell for a higher amount than non-staged properties ! With those facts alone, I'm sold !

However, when I first started in real estate, I was not as sold since the market was stronger.  And often times, properties did not need to be staged since the supply / demand factors greatly benefited the seller.  However, when the market started to turn, I began to learn from my wife Stephanie Somers the importance of having a staged property (neat and clean as a whistle) or at least have a property that was free of clutter.

So in the spring, when we sold one of our condos, it was a no-brainer to get it staged.  Sure enough, we sold it fast and for a great price.  And now, we just listed another condo in Old City.   We have some before and after photos of the property vacant and the property staged.  The vacant does not look too bad but all and all, the pictures really tell the story.

I will report back and say how long it took to go under contract and what the percentage of the selling price will be to the listing price.  Or if we could not sell it at all and we ended up renting it.

The staging was done by Karen Miller - please check out her site - Karen Miller Transformations !  And her Active Rain blog !   Also, before it was staged, we had the property cleaned by Tidy Dwellings .  They do a great job !

BEFORE PHOTOS

AFTER PHOTOS

The next time you have a property to stage, what will you do ?

If interested in buying or selling a property in Old City or in Philadelphia, contact Chris and Stephanie Somers at 215-400-2612 or thesomersteam@yahoo.com .

Philadelphia Real Estate - Chris and Stephanie Somers

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19106  makes up Old City - Old City Market Statistics

Contact Chris and Stephanie Somers at thesomersteam@yahoo.com for more information and market statisitcs and trends regarding Old City and the Old City real estate market.

From January 2008 though October 2008, there were 576 units listed, of which 171 went pending and 175 sold.

The average listing price was $467,264 and the average days on market is 88.

For the properties that have sold in Old City, the average listing price was $411,648 and the average sold price was $381,993.

The current inventory is 230 properties.  With the average being 17.5 properties selling per month, there are 13 months of inventory on the market.

Outlook:  A lot of inventory remains on the market in Old City (230 properties).   The differential is now at 92 percent of the listing price.  With inventory on the rise and the days on market creeping above the average in the last 10 months, prices will probably start to drift down.  For example, the average days on market in Sept and Oct 2008 were 134 and 152.   Some of these listings are from new construction and developers that will either need to bring prices down or rent out some of their units instead.  Is an excellent time for a buyer in this area as the location is prime within Philadelphia.

If you would like a free market evaluation of your home or are interested in purchasing in Old City contact Chris or Stephanie Somers at RE/MAX Affiliates  at 215-400-2612 or email thesomersteam@yahoo.com.   Also, view our Old City listings.  Look up 1000s of listings on our website  as well as learning more about us.  Also, please visit our blog !

Chris and Stephanie Somers   Philadelphia Real Estate   Philadelphia Real Estate Blog

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Old City Condo - Bi-Level 1br/ 1.5 bath Condo for $325,000

A wonderful affordable bi-level condo with river views in Historic Old City. River Church condos are located close to everything for your convenience such as theaters, restaraunts, galleries, shopping and more. 5 minutes and you are in Center City.

Remodeled historic building w/ contemporary style. The 4th floor entrance leads you to the gourmet inspired kitchen w/ custom wood cabinetry, powder room, granite & designer finishings & fixtures, & a convenient breakfast bar that seats 4.Some of the finishings also include exposed brick stair way, hardwood floors throughout, exposed beams, & views of the Delaware River & Ben Franklin Bridge from the bedroom & living room.

The 2nd floor bedroom suite can be entered through the 5th floor.This suite is flooded with natural light w/ 2 incredibly unique window nooks, skylight, laundry room, walk in closet, & exposed beams. The master bath is expertly tiled w/rainfall shower, floating sink, & a seperate deep soaking tub.This unit is incredibly functional with sleeping quarters upstairs & living & entertaining downstairs. Total square footage is 996 so price per sq ft is $325, one of the best values in Old City ! The large community roof deck is available for year round panoramic city views and front seats to the fireworks displays. Deeded garage parking at 2nd & Race (Old City Parkominium) can be purchased w/the unit. 10-yr tax abatement!

 River Church Condominium in Old City - more photos can be seen here

River Church Condominium in Old City - more photos can be seen here

If you are interested in this condo in Old City, or if you are interested in purchasing or selling a property in Old City, contact Chris and Stephanie Somers at 215-400-2612 or thesomersteam@yahoo.com .

Chris and Stephanie Somers - Old City Real Estate

Philadelphia Real Estate - The Somers Team

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