Real Estate
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Meridian Bank House of the Week: Custom-Built Home with Breathtaking Views of Erwinna’s Rolling Hillsides
A magnificent custom-built home with four bedrooms and four and a half bathrooms is available for sale in Erwinna. This stunning residence is nestled at the top of a private 30.5-acre hillside property that has breathtaking views of the scenic rolling countryside. The French-style home boasts quality craftsmanship and stunning detail throughout, including gleaming wood floors,…
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Arbor Hill Estate in Fort Washington Once Priced at $30M Sells to Local Developer for $5.6M
Arbor Hill estate, formerly owned by ex-Advanta bank chief executive Dennis Alter, has been sold for $5.6 million to Sal Paone, a Montgomery County home developer, writes Katie Park for The Philadelphia Inquirer. Paone partnered with Jenkintown-based Goodman Properties to acquire the house he officially settled on in December. He plans to keep the house…
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Where Bucks County Renters Pay the Most vs. Where They Pay the Lease
Bucks County rents were in the middle of the pack in the Philadelphia area in March, according to a new report by RENTCafé. RENTCafé compiled the report using data on average rents at competitively rented, large-scale, multifamily properties in the Philadelphia area. Data were gathered by Yardi Matrix via telephone survey. Only locales with a statistically relevant stock of large-scale multifamily properties were included. Doylestown had the highest…
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Attention Shoppers: Wegmans’ Second Bucks County Store is Now Cleared for Lower Makefield
Warrington’s Wegmans won’t be the only in-county opportunity to pick up marshmallows and merlot in the same trip. A second store — along with housing and retail sites — is coming to Lower Makefield, writes Chris Ullery for the Bucks County Courier Times. A 4-1 vote from township supervisors paved the way for a mixed-use development across from Shady Brook Farm. …
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Meridian Bank House of the Week: Bucolic Estate Tucked Deep Within Stunning Natural Oasis in Carversville
A gorgeous manor house with four bedrooms and four and a half bathrooms is available for sale in Carversville. This bucolic estate is nestled on 12.66 acres of gorgeous natural oasis above the Panacussing Creek. In addition to the main residence, the property is also home to a two-story barn and a three-car garage with in-law suite above. …
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Nappen & Associates Expands its Portfolio with Amazing New 125,000 sq ft Warehouse in Quakertown
Montgomeryville-based industrial/flex real estate developer, Nappen & Associates is proud to announce the shell completion of its latest addition to its expanding portfolio. With construction beginning in the Summer of 2019, a 125,000 square foot warehouse is now completed at 2525 Milford Square Pike, Quakertown and awaits its first user for a final fit out.…
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First-Time Homeowners Relocating to the Suburbs Show Strong PA Preference over NJ
First time homeowners relocating from the Philadelphia cityscape have a tough choice to make among the “collar counties” that include Bucks County and the neighborhoods of New Jersey, according to a staff report from Houwzer. Analytics from Citydata.com show that 77 percent of fledgling suburban house purchasers prefer this side of the Delaware River to that one, for several reasons. Nature lovers can enjoy nearby forests, valleys, streams and glens, which some find preferable…
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Homebuyers Are Knocking Down Bucks County’s Housing Market Door
With many buyers looking for a home in Bucks County and not enough available inventory, new listings are disappearing in a blink, writes Cynthia Henry for The Philadelphia Inquirer. A typical home for sale in many Bucks County ZIP codes now stays on the market for a week or even less. Still, closure timelines vary, with other neighborhoods seeing transactions taking a…
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Meridian Bank House of the Week: Luxurious Colonial with Breathtaking Views in Perkasie
A luxurious custom colonial home with four bedrooms and four full and two half bathrooms is available for sale in Perkasie. This stunning residence is majestically situated on nearly 90 gorgeous private acres offering breathtaking long-distance views of the rolling hills and fields. . . The house impresses from the moment you step foot inside…
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Meridian Bank House of the Week: Charming Modern Rancher Nestled in the New Hope Woods
A gorgeous contemporary ranch home with three bedrooms and two bathrooms is available for sale in New Hope, writes Sandy Smith for the Philadelphia Magazine. This beautifully renovated home perfectly combines the old-school charm of a mid-1970s rancher with all the amenities of modern living. . . The reclaimed wood-beamed ceilings and matching floors along…
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Meridian Bank House of the Week: Stately Home on 25 Picturesque Acres in Chalfont
A stately home with seven bedrooms and eight full bathrooms (and two half bathrooms) is available for sale in Chalfont. This family estate is set on 25 picturesque acres and includes three residences: the gorgeous stone main home, a second house and a guest house. . . The impressive exterior boasts a professionally manicured landscape, tranquil pond with a…
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Perkasie Tax Abatement Clears Path for Replacing Blighted, Abandoned Gear Factory with Housing
A former Perkasie gear factory, which thrived in the early 20th century but sat dormant since 2007, is about to make way for a development of townhomes and apartments, reports Peg Quann for the Bucks County Courier Times. Bolstering the $20-million plan called The Delbar was a tax abatement arrangement recently approved by the Bucks County Commissioners. The developer, The Moser…
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New Owner of Three Ambler Properties Plans to Raze Them, Make Way for New Mixed-Use Development
Three properties in the heart of Ambler have been purchased by real estate firm Station Partners for $1.15 million from the Daniel G. Ritter Trust, writes Natalie Kostelni for the Philadelphia Business Journal. The new owner plans to raze the structures and erect a new mixed-use development in their place. The three properties total 15,000…
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As Federal Eviction Protections Expire, $37 Million in Assistance becomes Available to Bucks County Renters
Just in time, as federal protection against evicting behind-on-rent tenants runs out March 31, Bucks County announced a $37 million safety net, reports Peg Quann in the Bucks County Courier Times. Word about the Bucks County Emergency Rental Assistance (BERA) spread fast among tenants and landlords. Within hours of the announcement, it already had 900 applicants seeking assistance. “Whether it’s a…
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House of the Week: Beautiful Custom-built Colonial in Newtown
A beautiful custom-built Colonial home on a one-acre lot with five bedrooms and four bathrooms is available for sale in Newtown. This magnificent home is a new construction offering more than 5,000 square feet of living space. The property also features a three-car garage with an additional storage area and a huge walk-out basement. The…
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Societal Shifts in Bucks County Affect New Housing and Commercial Construction
The 2020 annual report of the Bucks County Planning Commission (BCPC) highlighted teetertottering trends that indicate societal shifts in the way we live and work, wrote Fred R. Savana in the Bucks County Herald. Single-family homes are down; multifamily housing is up. Office space is down; warehousing/manufacturing sites are up. Michael Roedig, BCPC Director of Planning Services, said that of the 998 proposed units for 2020, 820 of them were for multiple families. Only 70 detached…
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Levittown Building — Currently Leased by Amazon — Sells for Twice its 2019 Price
A Levittown commercial real estate transaction has payed off so handsomely, it could be likened to holding a winning lottery ticket, wrote Philadelphia Business Journal reporter Natalie Kostelni. The transaction netted $21.13 million, a 61 percent gain over its 2019 price tag of $8.35 million. The 49,180-square-foot building is leased to Amazon.com Inc. through 2033. The increase in value underscores the effect that a powerhouse corporate…
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House of the Week: Beautiful Colonial in Washington Crossing
A beautiful colonial home with four bedrooms and three full and two half bathrooms is available for sale in Washington Crossing. This extraordinarily upgraded residence boasts features that represent the highest standards of craftsmanship. . . The home has an open floor plan that features gleaming hardwood floors and an abundance of windows, reflecting its…
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