Real Estate
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First-Time Homeowners: In Weighing Costs, Make Sure to Consider All of Them
New homebuyers can see a property they like, consider its asking price, account for some negotiable wiggle room, weigh payments against present income, and, finding that it works, figure they’re okay to proceed. They err, however, in failing to consider all the costs associated with purchasing a home and living in it. Home finances go…
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Gwynedd Mercy University Sells 150-Acre Property for $31.5 Million in Montgomery County
Gwynedd Mercy University has announced that an affiliate of Beacon Capital Partners, LLC purchased a 150-acre piece of property that sits adjacent to the University’s Main Campus on Sumneytown Pike for $31.5 million. Marking a significant step toward the university’s vision of becoming the Catholic University leader in professional and healthcare education, a portion of the…
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Meridian Bank House of the Week: Single Family Home in Ottsville That Nature Lovers ‘Ott’ to See
Hey, outdoor fans. If you’re looking to relocate to a site with plenty of breathing room, 1751 Mink Road, Ottsville, is an ideal choice. The four-bedroom home has 11.5 acres of its own. Further, the lot occupies a niche between scenic Lake Nockamixon (with direct trail access to the park) and Tohickon Creek. The home…
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Restored 1912 Radnor Tudor Owned by Daughter of Late Philadelphia Flyers Owner Hits Market for $5 Million
A restored 12,000-square-foot Main Line Tudor revival in Radnor owned by Lindy Snider, daughter of late Philadelphia Flyers owner Ed Snider, recently entered the market for $5 million, writes Lisa Dukart for Philadelphia Business Journal. Her husband, Dr. Larry Kaiser, is the former CEO of Temple University Health System. The eight-bedroom home features a 9,000-bottle…
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Development Deal for Norristown State Hospital Campus to Displace Numerous At-Risk Residents
People with serious mental illness currently living on the Norristown State Hospital campus are set to lose their home and support services in June in a development deal, writes Brett Sholtis for WHYY. While the state said it is working with counties to place the around two dozen patients in other programs, county mental health…
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Penn Community Bank’s Message to First-Time Mortgage Applicants: Know Before You Grow
When a new homebuyer reaches the decision point on financing a property through a mortgage, the transaction starts to get real. The homebuying process leading up to this point — run the numbers, set a budget, visit properties — has all been rather standard. But mortgage options and their impact in the long term are…
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Rising Mortgage Rates Fail to Cool Area’s Hot Residential Real Estate Market
Despite rising mortgage rates (reaching four percent for the first time in two years), home prices locally and nationally continue to soar. Stacker covered the rate’s trending status and its inability to pop the local real estate bubble. Real estate platform ZeroDown put together a weekly real estate market report for Philadelphia using Redfin data…
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Meridian Bank House of The Week: Chic Chalfont Chalet
The former owner of 403 Township Line Road, Chalfont, was an artist, and it’s easy to see how this retreat might spark creativity. The A-frame chalet he or she redesigned has an open floor plan adaptable to fluid arrangements for leisure, dining, and culinary pursuits. . , The newly renovated kitchen has gray cabinetry, white…
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Radnor, Washington Firms Team Up to Buy 12 Industrial Buildings in Berks for $77.6M
A Radnor-based commercial real estate firm is teaming up with a Washington, D.C. firm to purchase 12 industrial buildings in Berks County, writes Andrew Kulp for the Daily Times. Endurance Real Estate Group in Radnor and ASB Real Estate Investments in Washington, D.C. are paying $77.6 million for the buildings. The purchase includes the entire…
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Slice of Lower Frederick Real Estate Creates Mystery for Township
A sliver of Lower Frederick real estate that does not seem to have an owner has created a real mystery for the township, writes Joe Zlomek for the Sanatoga Post. The existence of the property surprised the township solicitor and prompted the Board of Supervisors to consider if it wants to attempt claiming the property.…
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Penn Community Bank Offers Financial Keys to Help Unlock Your Own Front Door
Congratulations! You’ve made the decision to purchase your first home. You’ve run the numbers and gotten all your ducks in a row — now it’s time for you as eager homebuyer to test the market. Finding a house can be relatively easy. Finding a home that fits a budget, the owner’s needs, and his or…
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55+ Housing Proposed for Stone Meadows Farm, County’s ‘Largest Last Remaining Open Space’
The 168 acres of Stone Meadows Farm — Bucks Count’s largest parcel of remaining open space — may end up as a combination of mixed-use housing and preserved easement. Its proposed uses were unearthed by Gregory Vellne for Newsbreak. If the plan submitted by Metropolitan Development Group is approved, the tract on Route 413 in…
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Absent Replenishment, Bucks County’s Residential Real Estate Inventory Would Last About Two Weeks
The Bucks County residential real estate market is still characterized by inadequate supply and rising demand. Michaelle Bond unlocked the economic significance of local housing supply data for The Philadelphia Inquirer. The imbalance is so significant, that the current, in-county housing supply has dropped to 15 days. “Housing supply” is the rate at which available…
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Meridian Bank House of the Week: Quakertown Farmhouse to Which No Horse Lover Could Say Nay
1563 Stoney Garden Road, Quakertown, is all about wide, open spaces. The home, built in 1840, sits on nearly 15 acres of secluded, beautiful land. More, it’s in close proximity to Lake Towhee, Lake Nockamixon State Park, and Haycock Mountain. Its proximity to the trails associated with these Bucks County natural treasures make it ideal…
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Wallingford Home for Sale: Six Bedrooms, Wide Deck, Bomb Shelter
A one-of-a-kind Prairie-style mid-century modern Wallingford home is for sale, writes Sandy Smith for Philadelphia Magazine. The style is a pinch of Mies van der Rohe and a dash of Frank Lloyd Wright at 100 Brent Drive. And there’s a 1962 bomb shelter on the ground floor. The main floor of this Wallingford home has…
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Coventry Mall Owner Plans to Break the Retail Template — and Perhaps a Few Walls — to Ensure Its Survival
Pennmark Management plans to break the traditional template for interior malls to ensure a prosperous future for Coventry Mall in North Coventry Township. Evan Brandt bagged the story for the Daily Local News. “I don’t believe interior malls as we knew them are viable anymore,” said CFO Robert Sichelstiel, of Plymouth Meeting–based Pennmark. Pennmark acquired…
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Local Investment Properties Sold Record Numbers Last Year; Specific ZIP Codes Proved Lucrative
Investment properties sold at record levels nationwide and in the Philadelphia metro area last year, with some areas in Bucks County seeing more interest than others. Kevin Schaul and Jonathan O’Connell reported the shopping trend for The Washington Post. In 2021, investors bought close to one in seven homes sold in the nation’s top metropolitan…
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Meridian Bank House of the Week: Holy Hannah! A Churchville Sanctuary with an Abundance of Blessings
127 Elm Avenue, Churchville, is a six-bedroom Colonial on a 2.2-acre lot in Northampton Township. The family room doesn’t have a cathedral ceiling (as apropos as that would be), however, it was designed with an airy vaulted one. And interestingly enough, there are stained-glass windows accenting the outside views. . . The kitchen is spacious,…
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