Market Conditions in 19122>Question Details

Roel, Other/Just Looking in 19122

2100 Block of Darien St.

Asked by Roel, 19122 Thu Nov 13, 2008

I own a property on the 2100 Block of Darien St - and its only 2 blocks from Temple University Main Campus -but the property value is so low. Does anyone think that there is hope for that part of the 19122 Zipcode?

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Renee Porsia’s answer
Hi Roel,

I know someone who is buying up all properties in that area. A property is valuable to the buyer who wants it. Are you looking to sell it?

Renee Porsia
Associate Broker
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
http://www.reneeporsia.com Where you can get your FREE market snapshot for your home right now. Give it a try.
0 votes Thank Flag Link Thu Nov 13, 2008
There is always hope : )

Old Kensington (19122) is an interesting area and it really depends on the location. The properties that sell for the most are closest to Girard and also be from Front to 6th St.

In your case, your property is in the Northern most point almost of 19122 as you are almost in 19133. In addition, your property is far west as well. So, it is what it is. Your block will sell for the lower range in 19122 but at least it is more than it was 5 years ago !

Is hard to say what will happen 5 to 10 years from now, but probably value will not change much in the next year or two.

As Renee said, the good news for you is that if you decide to sell, there are a decent amount of investors who are buying up properties in the area that have that 5 to 10 year time horizon. So if you did decide to sell it, and you are willing to receive approximately fair market value, it should sell relatively fast.

Feel free to visit our websites for other properties listed in these areas:

Old Kensington - http://www.thesomersteam.com/team-listing.php?zip=19122 .

Investor properties in 19133 http://www.phillyinvestorhub.com

Good luck ! You can contact us through our site.
0 votes Thank Flag Link Fri Nov 14, 2008
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