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Northern Liberties/ Fishtown : Real Estate Advice

  • All29
  • Local Info8
  • Home Buying8
  • Home Selling1
  • Market Conditions5

Activity 22
Wed Aug 6, 2014
Anna Hess answered:
Wed Jun 5, 2013
Philip J. Cunningham Sr answered:
I don't think you mean an inspector you need to work with a Real Estate Consultant who also is a Broker that can work with you and your team. doing a building from the ground up is more involved then just buying a parcel of land many things must be done depending on the type of building you want to build one of which should be a feasibility study. Please call me if you wish to discuss this in depth

Philip J. Cunningham Sr.
V.I.P. Realty Corporation
7942 Bustleton Ave
Philadelphia, PA 19152
215-725-5700X49
philcunningham2004@yahoo.com
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0 votes 5 answers Share Flag
Mon Jan 21, 2013
Ryan Garrity answered:
Hi Joseph,

I'm not sure you'll be able to get a list customized exactly the way you're hoping considering it's a pretty significant amount of research (you may be able to, and for your sake I hope you can). Trulia provides some of the information that you're looking for, which may be helpful. See the link below:

http://www.trulia.com/real_estate/Northern_Liberties_Fishtown-Philadelphia/5807/market-trends/

I live in Northern Liberties, so if you have any further questions, then please feel free to reach out. Thanks.


Best,

Ryan C. Garrity
U S Spaces, Inc.
2043 Locust St., 1F
Philadelphia, PA 19103
215-829-8850 x208
215-514-9424 (cell)
ryan@usspaces.com
www.usspaces.com
... more
0 votes 5 answers Share Flag
Wed Nov 28, 2012
R. Eric Axelson answered:
Hi, I thought it was a building. Thank you for the address. I will email you my thoughts today. I too work directly with developers and may be able to help you put together a deal.

I am also very skilled at handling contracts/closings where an estate/will is involved. I have references I can give you to call.

Eric Axelson
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0 votes 3 answers Share Flag
Mon Oct 15, 2012
Anna M Brocco answered:
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
http://www.neighborhoodscout.com/
https://www.crimereports.com/
http://www.homefair.com/
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0 votes 6 answers Share Flag
Mon Jul 30, 2012
Dinkm45 answered:
yes for herion addicts, and prostitues that are in rehab.
0 votes 2 answers Share Flag
Tue Jun 26, 2012
Patrick Fields answered:
Hi Marie,

A real estate saleperson (agent/broker) cannot advise a consumer on the safety and security of a home, street, neighborhood, or city.

First, the concept of security and safety is subjective. Second, we deal in, and can provide you with requested information such as crime statistics, that may help you to derive a conclusion for yourself.

If you are working with an agent, ask for specific information or sources for information that will help you to answer the question based on whatever facts you need to do so.
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0 votes 2 answers Share Flag
Sun Aug 28, 2011
Bruce Lang answered:
in a arms length transaction, you may be able to negotiate the chaanges you need to be able to qualify. sometimes in foreclosures, you might need to be willing to pay those changes yourself prior to closing....if the deal is good enough and you have discussed the implications with an atty, you may consider it ... more
0 votes 9 answers Share Flag
Sun Jun 19, 2011
Charles Balducci answered:
Hi Mark,

The Triangle subtended by Girard, Frankford and York provides your renters with a great area ... offering strategic pedestrian access to NLibs & Penn Treaty Park. But do not ignore selected alternate bargain locations.

That being said, what do you mean by an investment property?

Every real estate investment needs a well defined goal and a means to achieve it, so the type of property that you prefer and how you intend to acquire, develop and manage it will be of considerable importance.

Understanding the financial structure and the cash flow metrics, furthermore can be exceedingly helpful

Feel free to contact me for a consultation ... an 'investment property expert'.

Charles Balducci 215.531.2000
CBalducci@cbpref.com

Coldwell Banker Preferred
1401 Walnut St Eighth Floor
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0 votes 5 answers Share Flag
Sat Jun 18, 2011
Bruce Lang answered:
sales are continuing and the old inventory in building one and two is almost cleared out...you should take a look.

bruce lang
coldwell banker pref
2155462700
0 votes 4 answers Share Flag
Fri Jul 16, 2010
Joe White answered:
Wikipedia reports "In recent years Fishtown has experienced moderate gentrification characterized by significant rises in housing prices and the opening of upscale art, entertainment, and dining establishments."

Values have been consistent. The average Philadelphia $350,000 house purchased in 2008 has declined in vale BUT not in Fishtown. (courtesy zillow)
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0 votes 6 answers Share Flag
Mon Jul 5, 2010
Carmel Archdekin answered:
Hey Mike
My husband and I are agents at Coldwell Banker Preferred in Old City and live in Fishtown. This area is a good bet for appreciation for so many reasons...there are tons of new businesses and restaurants, galleries and shops that have opened up in Fishtown recently, it is close to the major highways and public transportation is easy, sales have spiked here within the last few years, but the best news is that prices have not skyrocketed. You can definitely find a home in Fishtown within your range. (It may be a little closer to top, unless you are willing to do some work).

If you are of the investor mentality for the long-term, the house you buy in Fishtown may also be a good rental when you decide to move.

Contact me for listings in Fishtown, I have some great ones.

Carmel Archdekin
Coldwell Banker Preferred
223-225 Market Street
Philadelphia, PA 19125
215.680.5998
carmel@cbpref.com
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0 votes 7 answers Share Flag
Fri Mar 19, 2010
Gita Bantwal answered:
Agents sell homes every where and their job is to market the home . You may like a neighborhood and someone else may not like it. It depends on the price range and amenities you are looking for. It will also depend on how close to the bridge you want to be.
The Somers have written many great posts about Philadelphia and all that it has to offer.You can drive by the areas of interest to you.
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0 votes 6 answers Share Flag
Fri Jul 25, 2008
Chris & Stephanie Somers answered:
We help many of our clients rent their properties in Fishtown, Northern Liberties, Old Kensington, Old City and Port Richmond. We are not a rental company nor do we specialize in rentals. We specialize in Listing Homes for sale.

That being said it is easy to see how we have had success helping some of our higher-end rentals get rented. As listing agents we have the marketing infrastructure in place which gets your home in front of the right people. We pull credit for a nominal fee and sometimes free and draw up leases that are protective to both landlord and tenant.

We do not manage the rental. That would be up to you. Our fee is 1 month rent of which we split with a cooperating agent if they bring the tenant.

If you would like our assistance, feel free to contact us.
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0 votes 7 answers Share Flag
Sun Apr 27, 2008
Chris & Stephanie Somers answered:
I help a lot of buyers and sellers in Fishtown. It is a great area. To answer you question, would need to know the block. Prices in Fishtown range dramatically, from "the heart of fishtown", "riverside fishtown", "fringes of fishtown", etc... Also, the property values will change dramatically north of York St and West of Frankford ave even though the zip code is still 19125.

Feel free to contact us for more info.

Also, visit our website at www.thesomersteam.com and visit our fishtown section.

Good luck !

Chris Somers
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0 votes 2 answers Share Flag
Sun Mar 9, 2008
Chris & Stephanie Somers answered:
That is a good question. My wife and I live in Northern Liberties and specialize in all of the Riverfront areas. I personally believe that all of Northern Liberties (19123), Old Kensington (19122) and Fishtown (19125) will continue to do well and thrive. There is so much going on in these areas in terms of new development, arts and culture, dining and that will just continue. The quality of life is constantly improving.

From an investment standpoint, I would tend to believe that 19122 and 19125 will out perform Northern Liberties due to the fact that there is more growth potential and also that No Libs shot up in price too fast and furious. Thus, the other areas are attracting more interest. Further, many buyers are now priced out of No Libs so they want to be close to the area and are purchasing in these other areas fueling demand. Of course, the areas on the fringes or borders per se also will be a bit more speculative as well and thus a little more risky if by chance our market runs into a brick wall. With falling prices, people that would purchase would then come back to No Libs instead or Old City. I just do not think that there is much risk for our market hitting a wall, would tend to believe that it will be stable for another year or so and then start to pick back up again.

I know there is much debate over the borders and what is what so I think it comes down to personal preference and what you really like, what you can afford and what you are comfortable with. If you posted this same question on the Northern Liberties message board, I know you would get many many responses as well... as there is always debate about the borders and the surrounding areas.

I have heard that those units are quite nice as well. I wish you luck in your decision. For area residents, you will probably get 10 different opinions for the same question - is an interesting one : )

Good luck !
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0 votes 1 answer Share Flag
Sun Mar 2, 2008
Chris & Stephanie Somers answered:
email us at thesomersteam@yahoo.com

You can also browse for properties at our website at www.thesomersteam.com . We live in No Libs and specialize in all the Riverfront areas (Old City, No Libs, Old Kens, Fishtown, Port Richmond...etc). ... more
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