Real Estate Trends in UC -Condos Here Too? - Page 5 - PhillyBlog

odragon · #41 (**permalink**) 03-18-2005, 03:00 PM

Quote:

Originally Posted by gap27

Its a lot of money for sure, but I have no doubt that place will be nice. Actually, the most expensive house for sale in Philadelphia is University City
http://www.prufoxroach.com/search/se...amp;startrow=1

Its listed as commercial, but I'm guessing thats based on the fact that there are some apartments within this behemoth of a home. Granted, 4.9 million is absolutely ridiculous, especially considering the fact that this particular home is only two blocks away from Mantua, and also based on the fact that no house in this neighborhood has ever sold for more than $700,000. If someone is willing to pay that much, its not my problem.

Yeah, I've seen that place for a while and wish I had enough money to offer like 1/5 of what they want. It appears like it will be a LOT of work to fix up. However, it's a really nice place.

seand · #42 (**permalink**) 03-18-2005, 03:13 PM

Quote:

Originally Posted by gap27

Its a lot of money for sure, but I have no doubt that place will be nice. Actually, the most expensive house for sale in Philadelphia is University City
http://www.prufoxroach.com/search/se...amp;startrow=1

Its listed as commercial, but I'm guessing thats based on the fact that there are some apartments within this behemoth of a home. Granted, 4.9 million is absolutely ridiculous, especially considering the fact that this particular home is only two blocks away from Mantua, and also based on the fact that no house in this neighborhood has ever sold for more than $700,000. If someone is willing to pay that much, its not my problem.

Do you know anything abut the history of this place? Is it one of the Beer Baron Mansions that Powelton was once famous for?

chrissayer · #43 (**permalink**) 03-18-2005, 04:43 PM

Quote:

Bui It 1892. Medieval style two-and-one-half story Building with
three-story crenellated tower addressing corner of Baring and
North 36th Streets. Victorian wood porch, two-story crenellated tower projecting .from front. gabled bay with coping. Second gable and porch front North 36th Street. Architect: Wilson Brothers. --- Contributing.

http://www.swarthmore.edu/Humanities...ry/baring.html

Interesting listing of buildings in Powellton on Swarthmore site.

And six years ago, UC Histroical Society gave the owner an award for his restoration of the stone . . . as well as for building garages using the same materials.

Quote:

Milton Mitoulis at 3512 Baring Street for sensitive, elegant restoration of his stone apartment house, with special appreciation for his efforts to construct new garages using granite materials which compliment the original stone of the house

http://www.uchs.net/Awards/awards.html

And, it is known as the McManus Residence:
http://www.philadelphiabuildings.org...lay.cfm/277240

greg · #44 (**permalink**) 03-21-2005, 02:39 PM

Quote:

chrissayer wrote:
How far out does the Penn home-ownership program go, these days?

Someone was in my office the other day and said that, as of October 2004, it had been extended to 52nd Street. Wow, pretty soon, Penn program will be in Overbrook Farms.

The "Guaranteed Mortgage Progam" has included pretty much all of West Philadelphia in the 8 or so years I've lived here. No down payment needed and up to 120% with 5% for closing costs and 15% for home improvements

Quote:

It has been enlarged significantly. Beyond going to 52nd, its interesting to note how far north of Market the borders currently go to.

http://www.business-services.upenn.e...nhancedMp.html

Drat. I can't link directly to the map itself. Go to the link above and then click on the EMPII Map link on the left to see the map.

The northern border is Haverford ave., not City Ave.

The "Enhanced Mortgage II" program is the program that has expanded to include Powelton Village and up to 52nd St with non repayable incentives reduced from $15,000 to $7,500.

odragon · #45 (**permalink**) 07-19-2005, 10:27 PM

Quote:

Originally Posted by chrissayer

How far out does the Penn home-ownership program go, these days?

Enhanced Mortgage

GUARANTEED MORTGAGE PROGRAM

TheGoodReverend · #46 (**permalink**) 07-19-2005, 10:41 PM

It's interesting that the smaller Enhanced Mortgage boundaries include an area between Woodland and the Schuylkill not included in the huge Guaranteed Mortgage boundaries.

odragon · #47 (**permalink**) 07-19-2005, 10:44 PM

Quote:

Originally Posted by TheGoodReverend

It's interesting that the smaller Enhanced Mortgage boundaries include an area between Woodland and the Schuylkill not included in the huge Guaranteed Mortgage boundaries.

My guess is they don't feel those areas need to be improved on Penn's money. (That's essentially the only difference between the two plans!)

wysong · #48 (**permalink**) 07-20-2005, 10:28 AM

there's really not many people that live in that extra area. it's mostly industrial, institutional, and bombed-out residential.

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