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Market Conditions in Drexel Hill : Real Estate Advice

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Activity 6
Tue Feb 18, 2014
fatimasenh asked:
This question was asked from http://www.trulia.com/property/3130079836-3900-Dennison-Ave-Drexel-Hill-PA-19026
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Mon Jan 20, 2014
Daniel Bernie answered:
That is a great question but it may be the wrong question to ask. Most of the Drexel Hill area is in Upper Darby. (Some in Haverford Township). If you are an investor you should also be looking at the local tax structures. it is true that Drexel Hill has good rental income but it also has some of the highest real estate tax structures in the county. You may receive higher rental income but it may be erased by the higher taxes. the secondary effect is that the appreciation rates may also be lower due to the real estate taxes.

It makes sense to consider all of the factors and to calculate the return on your investment based on many other factors, age of property, deferred repairs, real estate taxes, access to public transportation, potential for resale, subsidized rental availability, vacancy rates and a host of other considerations.

I have managed many properties in Drexel Hill. It is a great area for income but income is only one leg of the stool.
... more
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Sun Nov 3, 2013
Tamara Johnson answered:
The area is good. Many of the residents in certain areas are older and are either are down sizing or passed away and the families are quickly selling the properties. I am from West Philadelphia and am not impressed with anything in the city. But if you are single or a newly married couple Philadelphia may work. However, if you want a starter home, within a quiet area, and will be in the area for 5 years or so then look at Drexel Hill. I am a renter in this area, and was skeptical, but I have had nothing but a good experience since I lived here. I found, that if you are friendly, and introduce yourself to the people in your neighborhood you will get a much better experience than being an introvert. Also visit the blocks that you wish to reside in and interview the people, if they had a bad experience I usually ask them to elaborate on incident(s) to see if it was isolated or a growing problem. ... more
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Mon Feb 16, 2009
patricia o'malley answered:
Andy,
Just got your phone message, I will contact you later, I know you are on California time.
Tish
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Mon Mar 10, 2008
Charlotte answered:
Hi,

I live on Turner Ave and I have a house that is under contract. many of the homes on this street have already sold- despite it being a "buyers market". The reason for the sales are various- couples get a divorce, empty nesters selling their family home, relocation etc... I also know of a few houses that were recently "flipped." If you check back in a month or two, you will see that all of these for sale properties are gone. It is a great street and many of the houses were sold at great (low) prices due to the market. We are selling only becuase we want to move into the city. ... more
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