First, there is University City Special Services District. Their website is http://www.ucityphila.org Be sure to examine the 2008 District Report Card.
Second, you are within THe University of Pennsylvania District One which provides special financing and grants to University members when buying a house.
Finally, you are also within the U of P Expanded District. Some incentives also apply.
You are not within the Penn Alexander School Catchment. However, I market homes by emphasizing the positive aspects of these other districts. References available.
I have the precise borders and web links at my office. (I'm writing from home.) Hope this is helpful.
If you do choose to not list with an agent, as I see many investors choosing to market on their own these days, please be sure to email us. I work as an agent (and also live) in University City and I have many clients that are looking for a home in University City, but can't always afford the more expensive ones in the catchment. So they buy just outside the catchment hoping to move into the catchment in a few years when their children start school. This way they can reap all the benefits of University City and look towards the future as far as the catchment goes.
True, you'd probably do better on a price/sq. ft basis if the 400 block of south 48th were in the catchment, but you shouldn't have too much trouble finding a buyer for the property-- I know the block pretty well: I'm assuming sunporch, rear deck, garage, and maybe a finished basement?
If you target Center City buyers who might be considering neighborhoods like the Art Museum Area, Fishtown, or Graduate Hospital, you're project is likely to stand out as offering a bit more value in terms of price/sq. ft, access to public transportation and perhaps even short/long term prospects for appreciation. (Who knows--the catchment area could shift out eventually, or maybe there will be a high school serving a wider geographic area sometime soon?)
Anyway, here's the pitch. (You knew it was coming :) I think Re/Max City Space and I (as a U-City resident) are particularly well prepared to help you accomplish the efficient sale you're looking for.
You can learn a little more about our approach at http://philadelphiarealestatehub.com/cityspace-sells.
Whether you're planning to list with an agent or not, I'd be happy to get a look and offer some feedback on the property sometime soon...
Check out every property currently available in the Penn Alexander Catchment here:
Re/Max City Space
It is hard to count on anything the city may or may not do. Sure there might be consideration. Am curious how that would affect your purchase decision ? A special grant or the like ? What area are you considering ?
Feel free to search all the properties in Philadelphia and University City at our site below.