Philadelphia Condos in Mark‘s Words | CenterCityCondos.com: Recent Episodes
Mark Wade, Philadelphia Condo Market Expert
Philadelphia Real Estate Rants and Raves! Here you can listen to exciting info about Philadelphia Condos, from high-rises to low-rises and everything in between, by Real Estate Professional Mark Wade. A member of the Greater Philadelphia Association of Realtors, Mark is a condominium expert that has been the front lines of The Center City Philadelphia Real Estate Market since 1989 | www.CenterCityCondos.com | 215.521.1523
Welcome to our podcast with Mark Wade of BHHS, Fox and Roach Realtors, CenterCityCondos.com - where we delve into property valuations with regards to condo special assessments. We discuss its implications on contracts of sale, potential negotiables, and how they affect a given building's value and demand.
Discover how the nature of special assessments can influence market behavior. We look at real life examples of buildings such as the Plaza at 1901 Walnut, where their non-visible - but significant - special assessment led to years of stunted growth. Learn about how large, less visible assessments can cause the demand and value of a building to decrease.
The podcast also explores different financial layouts of buildings – from those that plan ahead with significant contributions to their assessment funds, to those that prefer spontaneous collection. Special assessments can influence the market attractiveness of a property and understanding them can be key in making informed purchase decisions.
Lastly, we also differentiate general talk of future improvements from actual assessments. Mark shares the important implication that, unless a future improvement is officially agreed upon and recorded, it cannot be considered a special assessment.
This podcast is essential listening for anyone interested in condo investment, looking to buy a condo, or even anyone curious about how condo special assessments work. If you have any questions or comments, feel free to reach out to Mark Wade at 267-237-3404. Thank you.
In this podcast, Mark from CenterCityCondos.com at BHHS Fox & Roach Realtors discusses the ramifications of a recent lawsuit that the National Association of Realtors has settled and its potential to fundamentally alter the real estate industry starting in July. This podcast touches on the uncertainties around commission procedures, the implications on realtors and buyers, and a forecast of future industry changes.
Mark breaks down the lawsuit results and dives into two crucial outcomes. Firstly, a selling agent can no longer disclose in the Multiple Listing Service the commission a buyer broker will get if they sell a property. Secondly, a buyer broker must secure an agreement on their commission from a buyer before beginning the property search process. He anticipates that these changes will lead to a decrease in the number of Realtrors due to the high costs associated with being a realtor.
Mark also examines potential strategies for buyers and sellers amidst these changes. He suggests some buyers might ask for property rebates to cover their agents' commission costs and anticipates a rise in popularity for open houses. He also foresees a potential shift in the selling paradigm if sellers opt not to pay a buyer's agent's commission.
Looking ahead, Mark predicts that buyers could increasingly hire transactional agents that provide limited representation to help navigate the home buying process, and charge a percentage of the sale price. He also sees potential for real estate commissions to decline, with realtors possibly taking on more roles for less commission. Mark also theorizes about the negative impact on property values if condos stay too long on the market due to commission changes.
Mark acknowledges the real estate industry's future remains uncertain and commits to provide ongoing updates. He wraps up by opening the conversation to listener feedback and thoughts on the evolving landscape.
Welcome to a brand-new podcast episode, hosted by experienced realtor Mark Wade of BHHS Fox and Roach Realtors. Tapping into his rich 35-year experience as a realtor and a resident of Old City for 22 years, Mark provides invaluable insight into different buildings in Old City.
Beginning with 108 Arch, Mark shares that this building has a clean, inviting look with its zinc and brick exterior. He notes only one complaint about the lack of options for a second parking space, but acknowledges such issues come with living in Center City.
Across the street, 101 Arch, while drawing praise for its beautiful facade, is often criticized for its rather dated, worn interior and security concerns with an occasionally unlocked front door. However, on the flip side, Mark mentions the hugely appealing factor of this building is the phenomenal dollar per square footage and its unique units.
The National, another building under spotlight, wins hearts for its underbuilding parking, newness, and loft-like look that seamlessly integrates with Old City's vibe. However, some units have walls that don't extend all the way up to the ceiling, causing noise transference. Mark points out that this issue has been solved in numerous units.
The tour winds down at 102 Church where Mark lauds the building but mentions some concerns about the entranceway and aging hallways. Despite this, the units charm with their unique details.
Mark concludes by inviting listeners to share their thoughts, questions, or comments by contacting him directly at Mark@Centercity.com.
Welcome to a deep-dive episode with Mark Wade, your host from CenterCityCondos.com and BHHS Fox & Roach Realtors. With 35 years experience, Mark is sharing extensive feedback received from buyers across various condo showings within the 19103 zip code.
Mark begins by discussing The Plaza at 1901 Walnut Street, where buyers enjoy the surprise of original pre-war details, a wide variety of unit values and styles, overall cleanliness, attentive staff, and the inclusion of taxes in the association fees due to the building's co-op status.
Next, the Murano: Bathed in appreciation for its cleanliness, value growth, and convenient proximity to Penn, the building overcame initial issues and skyrocketed after 20 units were put on auction.
Moving on, the episode delves into the unassuming 23 South 23rd Street where visitors are pleasantly surprised by a serene interior courtyard and the large, spaces within the units. The welcoming front desk staff and the building's strategic proximity to Penn are other highlights mentioned.
Catch all the nuanced details of the condominiums Mark has shown around the 19103 zip code, enriched by his three-decade professional journey. Have any comments, queries, or concerns? Mark encourages you to call him at 267-237-3404 or email Mark@CenterCity.com.
Welcome to the CenterCityCondos.com podcast with Mark Wade of BHHS Fox & Roach Realtors. In this episode, Mark shares his feedback garnered from years of selling condos, focusing particularly on the surprising delights of the 19122 and 19125 neighborhoods.
Mark discusses how these neighborhoods, previously overlooked by condo buyers, now boast a variety of modern, new-construction buildings, with many featuring tax abatements. The property types available in this area have shifted significantly over the past two decades. Not too long ago, one-bedroom units were predominantly found, but as the neighborhoods have grown and stabilized, larger and pricier condos have made an appearance.
These neighborhoods have become top areas of interest for many buyers, particularly those looking for modern amenities, smaller one-bedroom units with affordability, or simply wanting to live in a hip locale. As these neighborhoods continue to urbanize, with more businesses and restaurants adding to the walkability and livability, Mark sees steady and increasing growth in their value.
Tune in to hear all this and more about the changing face of the Philadelphia condo market, particularly in the 19122 and 19125 neighborhoods. This episode offers valuable insights to both potential buyers and those interested in the growth and development of these up and coming neighborhoods.
Join Mark Wade, esteemed realtor from BHHS Fox & Roach Realtors, and CenterCityCondos.com, as he provides intimate insights gathered over three decades in the real estate business. In this informative podcast, he shares client feedback from numerous buildings in the 19130 zip code area.
The podcast kickstarts with an overview of 2401 Pennsylvania Avenue, The Philadelphian. Mark details the positive feedback he frequently receives, the speed at which units are sold, and the inclusive condo fees surprisingly many buyers overlook. Next, he moves to 2601 Pennsylvania Avenue, a building that commands high marks for its value, original detail, and quietness between units.
A significant part of the podcast is dedicated to Cityview at 2001 Hamilton. Not only does Mark uncovers pleasant surprises, like the magnificent views and amenities, he also dissects the unique structures of the two buildings and highlights their distinct condo associations and styles. Safe and secure, with ample parking and friendly front desk staff, most buyers feel right at home here.
The last stop on this podcast tour is Tivoli, 1900 Hamilton. With its cleanliness, pleasant front staff, spacious unit layouts, solid doors, and individual HVAC systems, this building leaves buyers pleasantly surprised. The park across the street, its dog-friendly nature, and its proximity to Center City and the business district make it a prime property for potential buyers.
All questions, comments, and concerns are welcomed. Feel free to reach out to Mark@Centercity.com directly to learn more about these incredible locations.
Join Mark Wade from CenterCityCondos.com, BHHS Fox & Roach Realtors as he shares crucial feedback from buyers about the condos dotting the Delaware River expanse. Tune in to learn the attractive points, buyers' impressions, and the not-so-liked aspects related to different buildings such as Waterfront Square, Dockside, and Pier 3 & 5.
Listen as Mark brings out his personal experiences and in-depth familiarity with properties like Waterfront Square where he owns and resides. Learn how the buyers are usually pleasantly taken aback with the amenities they get for their money, views, pool, gym, parking and not to mention, the feel of a secured, gated community.
Understand the evolution of neighborhoods and how connectivity issues, once a pet peeve for buyers, are now seldom raised. Get to grips with buyers' viewpoints on other condominiums like Dockside, with its extensive offerings such as shuttle bus service, facilities floor encompassing a pool, gym, and boardrooms. Hear about a few concerns raised by buyers while also emphasizing on positives such as cleanliness and front-door staff.
Further, discover why Pier 3 and Pier 5 are value buys, with buyers generally thrilled at the substantial square foot they can get for their money. Mark wraps up by pointing out the unique ‘resort-like’ appeal of these riverfront properties, underlining the fantastic views and awe-inspiring amenities.
This episode is a treasure trove of insights and practical tips for both prospective buyers and sellers alike. Dive in to explore more about living on the riverfront with Mark Wade. Contact him directly at Mark@Centercity.com for any questions, comments, or concerns.
Join me, Mark Wade, of BHHS Fox and Roach Realtors and centercitycondos.com, in my latest podcast where I reveal the inside scoop on some of Philadelphia's prime condos in The Society Hill neighborhood. Drawing from my 35 years of experience in the field, I share the feedback, insights, and little-known facts from potential buyers touring these captivating city spaces.
Step into the heart of Society Hill Towers on Locust Street, where visitors are surprised to discover lobbies that are authentic portrayals of the buildings' vintage charm. Although some may be taken aback by the size of the bathrooms, the towers are renowned for their cleanliness, welcoming front door staff, fantastic views, and amenity-rich offerings including a gym and one of the best outdoor pools downtown.
In St. James Court, sandwiched between 5th and 6th Walnut and Locust, unfolds a tale of low-rise townhouses enveloping an idyllic interior courtyard. Visitors revel in the desirability and highly livable layouts of both upper and lower level units. With low condo fees and unexpected parking space availability at nearby Independence Place, these residences continually hold their market value admirably.
Moving on to 410 South Front Street, buyers are frequently surprised by the extraordinary quality of this Toll Brothers unit. Visual stimulation aside, lower noise levels, garage parking, and impressive cleanliness attest to this building's positive reputation.
Finally, we delve into the ever-relevant Hopkinson House, one of Center City's best value-for-money buildings that continuously impresses with its impressive management, spectacular views, and attached square. Find out why buyer feedback remains largely positive and what factors influence the diversity of unit prices within this 50-year-old building.
Connect with me, Mark Wade, at 267-237-3404 for any questions, comments, or concerns or simply visit centercitycondos.com.
In this episode, Mark Wade, a seasoned realtor at CenterCityCondos.com, BHHS Fox & Roach Realtors, shares invaluable insights gleaned from characterizing popular buildings in the 19147 zip code, Philadelphia. With more than three decades of real estate experience at his disposal, Mark dissects the criticisms and compliments he frequently hears from buyers about these sought-after buildings.
Join him as he kicks off his narrative with a detailed overview of Abbotts Square. Despite its distinctive designs and uncommon floor plans that typically pique the interest of buyers, some aspects like the outdated lobby, and the no-pets policy stir negative feedback.
Next, he explores Bella Vista Lofts, talking about the sparse number of units available for sale and the rare opportunity to secure two-car parking. He then dives into the penthouse units' majestic skyline views, making them some of the most eye-catching in the area.
Switching the attention to Hawthorne Lofts, Mark outlines how the well-maintained building leaves buyers marveling over its high-end amenities. Fitzwater Lofts also takes the limelight as he goes over the private parking and the sizable storage spaces provided. Mark outlines the boon this area has enjoyed over the past decade, attracting many more buyers than ever before.
This episode is a goldmine of information for anyone looking to familiarize themselves with the condo landscape in the Bella Vista and Queen Village neighborhoods in Philadelphia. Listen in and gain a leg up in your property purchase journey!
In this podcast, Mark Wade, a seasoned realtor with CenterCityCondos.com, shares feedback he has gathered from buyers who have viewed several condos in the Washington Square West area. With 35 years of experience in selling condos, he offers an insider's view of five properties: The Western Union Building, The Lenox, Center City One, Le Grenier, and the Old Shoe Factory.
After showing The Western Union condos to potential buyers, the feedback tends to be positive, be it on cleanliness, staff friendliness or in-building facilities. The only possible negatives are with limited parking and noise interference from nearby helicopters. The Lenox has buyers charmed by its pre-war details, while Center City One is lauded for its value-for-money element.
Meanwhile, Le Grenier stands out for its modern interior finish and reasonable condo fees. Lastly, buyers visiting the Old Shoe Factory usually rave about the sublime skyline views and its hard-edge loft-like aesthetics, and the only pointed out concern being the single slow elevator.
Stay tuned for future podcasts with more insider insights into other buildings around the area. For more info, reach out to Mark Wade at 267-237-3404 or email Mark@CenterCity.com.
Set adjacent to Rittenhouse Square, many buyers find The Art Museum area a quiet oasis perfect to find a new home. There is a Whole Foods and a Mini-Target in the center of the neighborhood. The Art Museum Area offers easy access to major highways. Of course, the Art Museum, The Oval, The Rodin Museum, loads of shopping, and Fairmount Park are major attractions in the neighborhood, making the area quite a draw. There have been many condo conversions on Green, Wallace, and Mt. Vernon Streets in the Art Museum area and the trend has been growing, increasing the value of newly renovated condominiums in the Art Museum neighborhood!
To learn more about the Art Museum Area click here: http://www.centercitycondos.com/art.htm
To learn more about Low Rise Condos throughout Center city click here: http://www.centercitycondos.com/low_rises_nav.htm
Mark Wade www.CenterCityCondos.com 215.521.1523 Mark@CenterCity.com
So, you are ready to buy a condo in Philadelphia and you are not sure what to expect. Listen as Mark briefly breaks down the process for you from start to finish. Still have questions? Call 215-521-1523 or shoot us an email at Mark@CenterCity.com.
In the meantime, check out some listings on our website at http://www.centercitycondos.com/just_listed.htm. No pressure...we are here to chat whenever you are ready!
Mark Wade BHHS Fox & Roach Realtors® 530 Walnut St. #480 Philadelphia, PA 19106
Located on the northwest corner of 22nd and Chestnut Streets sits the "pre-war" styled condos of the Coronado building. Just west of the Rittenhouse Square area and with a total of 37 condos in the building, this almost boutique condo building has some very interesting units. Most either have a northern or southern exposure and there is a maximum of 4 units per floors. I think what most of my buyers appreciate is the sense of space that each condo provides. From formal dining rooms to original flooring- The Coronado Condos really give you a feel like each condo is a little ranch house in the sky....they are really home-like in their detailing and layout. Lathe and plaster walls, crown moldings, and five panel solid doors all complete the interior look of each condo. Many units here do NOT have living room/dining room combinations. Most kitchens are galley in style- the saving grace being that most have a door out to a balcony or fire escape which my buyers find refreshing. I think The Coronado is without a doubt one of the BEST values to be found in 19103 for high rise condo living. You are not going to find this kind of space at the prices the building commands. And kudos to the condo association for the ongoing facade work. Most associations ignore this need...but the owners at 2201 Chestnut are putting money into the building to maintain their investments and I think that is a damned good thing! Learn more about The Coronado here: http://centercitycondos.com/mid_rises/coronado.html
It's a life of luxury at Parc Rittenhouse. High-end condominiums with stainless steel kitchens, wood flooring, and a 1500 square foot terrace with skyline views overlooking the pool.
24-hour doorman service, beautiful lobby with fireplace, media room, lounge, fitness center, and outdoor pool with deck area for entertaining. Separate storage units. Pet friendly building.
Known as "The Dorchester", this wonderful building offers studios, one, two, and three bedroom units. The Dorchester Condominiums do offer rental parking for a fee and there is a BEAUTIFUL rooftop pool (membership required).
Wonderfully oversized windows provide great views from almost every unit. Similar to the Wanamaker House condos, the Dorchester is a twenty-four hour doorman building. Dorchester condos are a consistently fabulous buy for those looking for a residence on "The Square".
This Art Museum Area condominium offers breathtaking views of the Philadelphia Skyline!
Amenities include hardwood floors, an on-site fitness center, library, and outdoor pool. Lovely landscaped common areas and parking on-site! Read More about Cityview Condos Here!!
The Tivoli condos (1900 Hamilton St) in Center City Philadelphia are comprised of a high rise building and is accompanied by a low rise set of courtyard condos that face a really nicely manicured enclosed lawn area. Almost all units at The Tivoli condos have parking and the condo association employs a full-time doorman.
Condos range from one bedroom to very large three bedroom condos and are known for having great closet space and lovely open kitchens.
One, Two, and Three-Bedroom Condominiums with a convenient gourmet market, a sidewalk cafe, and fitness center. There is a 24-hour concierge and valet parking as well as high-speed elevators to take you up to your life of luxury including 10-foot ceilings, custom appliances, stone baths, and hardwood flooring!
There are really a number of floorplans at 1101 Locust St. and many units on the higher floors have a value that centers around the balconies/terraces (some are HUGE). The south facing condos on the higher floors have great views and are known for an abundance of natural light. Many of the kitchens in the condo building are the same (style, color, and size) with a butterscotch colored tile backsplash. Bathrooms have ample size as do the walk-in closets. Again- Layout and overall size varies in many units (as does the view) so it may be difficult to compare "apples to apples" when trying to comp the value of the Western Union condominiums. Parking in the lower level is limited and is manned- as many condos have "lifts" and the cars are stacked- so few folks can self-park their car..they would use the valet. The condos do have a smallish gym on the 4th floor-which I have yet to see being used on my visits to 1101 Locust. I think most Philly condo buyers will agree that the location of the Western Union is strong- a very residential locale right in the heart of Washington Square West- and is adjacent to Jefferson Medical Hospital.
The Symphony House Condominiums at Broad and Pine Streets range from one bedroom flats to four bedroom penthouse units (848sq ft- 2232 sq ft). The Symphony House offers on-site parking, 24-hour concierge, as well as on-site pool, gracious gym, and community room areas. With a maximum of nine condominium residences per floor, good ceiling height and some floor to ceiling glass wall windows, the units are bright and cheery and offer a wide range of customization options.
We have always found the staff to be very polite and helpful, and the proximity to cultural activities on the Avenue of the Arts is incomparable. Looking to make some your own new music in a Center City Condominium? Give me a call, and let's see the Symphony House condominiums at Broad and Pine Streets!
Located in the Logan Circle area of Center City (roughly, the mid-North West quadrant of town), sits a quiet almost unnoticed mid/high rise condo buildings, simply known as 2201 Cherry St.
Clad in a white stucco-esque exterior interrupted by a series of windows and small balconies, this 11 story, 44-unit condominium building was first occupied in early 1988. Interestingly enough, almost all units have parking. Penthouse units available as well. Listen now to learn more!
The Murano is probably one of the most striking modern condo buildings in Philadelphia and is a wonderful addition to our skyline.
Some units include parking and additional storage space. One of the largest and nicest amenities floors in town- the 6th floor has a pool, large gym, conference area, and outdoor deck- really smashing. The "02" and "03" units are really groovy in the fact that they have a large curved glass living room..with mostly floor to ceiling windows. Views are lovely and common areas are always clean and well kept.
Mark Wade BHHS Fox & Roach Realtors www.CenterCityCondos.com
Sitting on the south side of Rittenhouse Square at 1806 S. Rittenhouse is the Savoy condos. Known for their fabulous views of our prized city park, these condos in Philadelphia are a truly affordable alternative to some of the pricier Center City real estate options offered in the 19103 area.
Studios, one and two-bed units abound, and the Savoy's rooftop deck is a real treat for owners. The condos on Rittenhouse Square located at 1806 have a pretty good reputation of selling as the building does offer good space, coupled with a doorman building, on the square, with ample "loading zones" in front of the building to conveniently load and unload your car! Call us for more info on condos at the Savoy.
2601 Parkway Condos are a great addition to the Art Museum Area. Amenities include a Center City Shuttle, 24-hour security and staffed front desk, bike room, community room with free wifi, fitness center, and on-site storage lockers just to name a few. Just steps from Kelly Dr., 2601 is situated in a great location for bikers, runners, rowers, and athletes.
There is also a popular playground across the street. This high-rise also has a laundry room, dry cleaning service, and hair salon on-site! Isabel, a BYOB Mexican restaurant is located just to the left of the main lobby.
1706 Rittenhouse Square offers a life of ultra-luxury. These 31 full floor residences feature direct elevator access, floor-to-ceiling windows, granite countertops, stainless steel appliances, hardwood floors, and balconies with unrivaled views.
Additional amenities include a fully automated parking system, fitness center, pool, sauna, hot tub, garden with Koi pond, conference room (with charming garden views), and 24-hour concierge!
These wonderful Philadelphia Condominiums have soaring 10-foot ceilings and oversized yet energy-efficient, fully operational windows. Most units have spectacular city views. Ample storage and closet space in every unit.
The building offers a state-of-the-art fitness center and spa as well as a 24-hour concierge and maintenance. We like The Ellington because it offers a wonderfully urban setting, in the Rittenhouse Square area, and has become very popular with those looking for a modern, newly constructed high rise condominium in Rittenhouse Square area with lovely finishes.
This former Daily News Building at 2200 Arch St. sat empty for many years as a blight on The Philadelphia skyline. Thanks to the developer for rehabilitating this historical building into a wonderful condo loft building at an awesome location in Logan Square.
These condos feature LARGE windows with river or skyline views, open floor plans with gourmet kitchens, generous closets, and garage parking. They sit just a few blocks from the Murano. A few of these Center City condos even have balconies (Penthouse condo units have really bodacious roof decks! The condos for sale at 2200 Arch St. in the 19103 zip code area have proven to be great buys as the space in each unit is wonderful!
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1352 South St Lofts is comprised of 72 contemporary, edgy condos in an exceedingly handsome modern exterior, coupled with really handsome interiors, and 88 garage parking spaces. The building of 1352 is bold an modern- every unit making a nice statement.
These contemporary Philadelphia Condominiums have large private balconies, high ceilings, and luxury baths. Additionally, each unit has spectacular hardwood floors and gourmet kitchens.
Located just south of 23rd and Market Streets is 23 S. 23rd St. condos- a previous garage that was cored out and developed into condos. The most interesting thing about 23 S. 23rd is the fact that the developer did a smashing job on the courtyard/interior facing condos- a quiet reserve of condominiums that come to life every spring with some really nice landscaping and many of the condos have nice balconies that overlook the space.
Most of the units are flats- though most of the penthouse condos are bi-level. Indoor parking exists for most condos, and there is a 24-hour doorman. 83 total condos ranging in size from 783 sq ft to the large penthouses- the largest condo is 4477 sq ft.
This Washington Square West condominium building, which was once our nation's first advertising agency, features 24-hour concierge service, valet parking, and an on-site chauffer driven Mercedes Sedan.
Several units at The Ayer offer a private balcony with a stunning view. There are also 11 foot high ceilings, high-end kitchen appliances, floating custom cabinetry, and pure white imported marble in bathrooms.
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Known informally as "220", this elegant Center City condominium building is located on the west side of Rittenhouse Square. With over eighty units and 25 stories tall, 220 has quite a presence on "The Square". Some fabulous penthouses top the building, and a public library is located on the first floor.
One, two and three bedroom units are found in this building. Though most of these condos on Rittenhouse Square are known as flats, some bi-level luxury penthouse units do sit atop 220 W. Rittenhouse Square. If you are looking to purchase real estate in Philadelphia, specifically in the 19103 zip code, you might find what you are looking for at these condos at 19th and West Rittenhouse Sq. Streets, as a fair number of these condominiums, face our prized Center City park.
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Located at 210 W. Rittenhouse Square, "The Rittenhouse" is probably my favorite condo building in town. I think values in the building are heavily dependent upon whether you face Rittenhouse Square or otherwise, as the views of the square are fabulous and command a premium.
The location speaks for itself. I recently named the building one of my TEN BEST in Center City and if my other half would allow, we would move into the building tomorrow. The Penthouse units are interesting at 210 W. Rittenhouse Square because they all have oversized balconies and fireplaces and the views are nothing short of spectacular.
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The Phoenix Condos feature high ceilings, beautiful millwork, & expansive windows. Flooring includes hardwood, pristine porcelain, & designer Berber carpets. Elegant bathrooms feature large vanities with granite counters.
We really like this Philadelphia condo conversion building! Each unit is outfitted with a washer & dryer and is wired for digital cable, phone, and high-speed internet access as well as individually controlled heating & A/C. Building features include spa, restaurant, & coffee shop. Others amenities include 24-hour concierge/doorman, Fitness center, a rooftop terrace, private conference room, dining facilities, private storage rooms, & onsite parking.
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1920 Chestnut Street condominiums house just 2 units per floor, with some floors containing only one unit. A Very modern, hip piece of Philadelphia real estate, 1920 Chestnut has a restaurant on the first floor, is just off Rittenhouse Square, and is located in the 19103 zip code area.
Very modern finishes throughout in a grand pre-war condo building. All units at 1920 are flats. Converted to condos around 2000, with nearby rental parking, and close to great shopping and 30th Street station. These condos in Philly are of close proximity to the University of Penn as well!
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There are 96 units in this Philadelphia condominium building- some with balconies! Rivers Edge Condos are located on the corner of 23rd and Cherry Streets, just a short walk from all the attractions of Center City Philadelphia on the banks of the Schuylkill River- Including 30th Street station and the University of Pennsylvania.
If you were to buy one of these condos in Philadelphia, you would be nearby the high-rise office complexes of Market Street West- the high rise office district! Sitting in the 19103 zip code area, 2301 Cherry (Rivers Edge condos) has an on-site garage and for the exercise enthusiasts, you're steps away from the just-completed Schuylkill River Park that has a lovely walking and biking trail that leads to Fairmount Park. Almost all Rivers Edge units have parking, and there is a wonderful rooftop deck that is common for all condo buyers at 2301. This particular piece of Philadelphia real estate offers great views on some of the higher floors! Rivers Edge condos are considered by many to be a great Philly condo buy!
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250 S. 17th St. is a Pre-war doorman condo building just off Rittenhouse Square. Beautiful one bedroom, two and three bedroom condominium flats, most with new kitchens, and baths. Most 250 S. 17th St. condo units have access to balcony/fire escape- some with a view of lovely Rittenhouse Square.
A doorman building, located in the 19103 zip code with charm and a wonderful location, 250 S. 17th is just across the street from the exciting new condos at 1706 Rittenhouse and next to the condominiums at The Warwick. Luxury Penthouse units feature views in all four directions! A great choice for those looking to buy real estate in Philadelphia that is just steps to Rittenhouse Square Park.
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Located at 237 S. 18th Street, The Barclay condos are a beautiful Rittenhouse Square landmark that has undergone a major renovation in the past few years Elegant and stately, this Pre-War style Rittenhouse Square condo building has a very large variety of unit sizes available, the Barclay exemplifies the luxury of a by-gone era.
True Penthouses exist, though rarely available, in the fine piece of Philadelphia real estate. Though most all units are flats, a few bi-level condominium units do exist in the building. Sitting on the corner of 18th and Rittenhouse Streets, the Barclay is grand in its stately appearance. Many of the Barclay condos have been combined, and some of the largest condos on Rittenhouse Square can be found in this lovely apartment building, which is located on the east side of the square- not far from shopping and many cultural attractions.
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Most buyers view the condo fees as being high- but almost all utilities included. Nearby parking (rental). Easy access to highways. You will get a lot for your money at 1100 Vine in terms of the size of the units- most buyers impressed with that fact. Med students seem to flock to the 550 sq ft one bedroom units. Doorman building.
1100 Vine was smart in deciding to limit the number of rentals in the building- somewhere around 25% max. Keeps the building "easy to finance". Hallways a bit neutral- and washer/dryers are common and in the hallways (coin-op)- but can be installed inside units at owners expense. Basement storage. A smart buy for the space!
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An elegant, modern styled Rittenhouse Square high-rise, known simply as "1820". Two units per floor (two large units per floor!), each (generally) having a tremendous view of "The Square". Parking on premises, this elegant building boasts one of the most prestigious addresses in the city. Rarely available, 1820 is wonderfully situated on the south side of the square. 24-hour doorman.
Known simply to Philadelphia folks as "1820", 1820 Rittenhouse Condominium sits on the south side of Rittenhouse Square and was the first building back in the late 1980's to garner a sale price of $1M. A total of 31 units...an overwhelming majority are 3217 sq ft in size- and are divided up in between east and west units..simply mirror images of one another.
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Listen to Mark discuss the Philadelphia rental market with our rental specialist, Jaime Hyman.
Finding a rental in Philadelphia may seem daunting to some, however, we have the knowledge, resources, and motivation to help make it the easiest possible process for you! There are a number of different elements to consider when looking for a rental that can be confusing and overwhelming. With our help, we can narrow it down for you and really focus on what areas and realistic budgets you should be considering.
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Known simply by Philadelphians as "1830", the condominium building sits on the south of Rittenhouse Square and was the first high-rise to appear on the Square back in the mid-1920's. Originally an apartment building- this Beaux Art styled building is hailed as one of the finest examples of pre-war architecture amongst the condo set here in Philadelphia. The condos at 1830 Rittenhouse are unique in the fact that very few- if any of the condos in the building are alike...having been broken up and added onto over the years.
What few know is that there are two penthouse units here- and both are only accessible by taking the elevator to the 18th floor- then walking up a flight of stairs to reach those two condos....when built- these were the maid's quarters/apartments for the "help" in the building....and 1830 is the last remaining condominium building in town that have elevator attendants. The condos range in size from 1000 sq ft one bedroom units to entire floor condos which are over 5000 sq. ft. in size. I believe there may even be a few bi-level condos in the building....but I am pulling that from a shaded memory from years ago. The condos at 1830 Rittenhouse do not offer parking, but other options around Rittenhouse Sq. do exist. The doormen at 1830 are nothing short of kind and helpful. I have sold a few units in the building over the years- just know that there are not a lot of units in the building (41 total). A really fantastic groovy pre-war condo building with lots of cache and some terrific views of Rittenhouse Square.
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Known as Center City One, this Philadelphia condo building has a great reputation for being a solid Center City real estate building. A mix of studio, one and two bedroom units, Center City One is graced with on-site parking (some owned, some rental) and has wonderful city or south facing, sun-drenched views from many of the balconies.
These Washington Square West condos are located in the 19107 zip code, and all units at Center City One are flats- no loft condo units at 1326 Spruce exist. Near the center of Philadelphia, these condos at Broad and Spruce Streets have great views- either offering nice city views or wonderfully bright southern views. We find many Philly real estate buyers delighted with what they can buy for their money here at Center City One!
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Mark Wade www.CenterCityCondos.com
I love the Ritz. Love. I think the fit and finish, along with the pricing structure, location and staff are nothing short of top notch. The amenities floor includes a large pool, huge gym, hot tub and one of the most comfortable and actually usable community rooms I have seen in town- and guess what- owners actually use it (rare for these rooms to get good use, but this one is so comfy that it actually gets used). Great outdoor space off the community room as well. The A and G units face south, and they are both two bedroom condos- and I think a terrific value- I have sold two of these units in my day and my clients LOVE living at 1414 S. Penn Square. The B units are the only stack with balconies. I also find the F units to be very popular with many of my buyers. Though to be honest, I don't think my clients would turn their nose up at any unit here if the unit happened to fall into their price range.
Units all have high-end finishes with floor to ceiling windows. Bathrooms are oversized and spacious. You have to palettes to choose from in terms of finishes, and I don't see a whole lot of difference between the two- meaning my buyers tend to like both options. Parking and extra storage are available at an additional price. Owners of condos at the Ritz Carlton have access to the Towncar to take them around town. The penthouses are nothing short of stunning... and you may have an opportunity to buy them raw and finish them to your liking. The building is a very attractive blue glass and from the curb, provides an interesting look and feel to the neighborhood.
Mark Wade www.CenterCityCondos.com
The Philadelphian is the largest condo building in the state of PA with over 700 units. The building has a restaurant, grocery store, bank, pharmacy, and two pools...just to name a few! There are no pets...however, service animals are allowed and are always welcome.
The Philadelphian houses a variety of units from large studios to some of the largest penthouse units in town. Great condo association! 2401 recently replaced all windows and sliding glass doors throughout the entire building. Click play below to listen and learn more now!
Mark Wade www.CenterCityCondos.com
Listen to Mark talk about our new listing at 1905 Green St. Unit 3! Gorgeous flat with secure private parking, outdoor patio and hardwood flooring throughout! Asking $484,900
Two bedroom, two bathroom condo that shows well with high ceilings, one level living, nice organized closet space and windows on North, south and west sides of this low-rise condo building. Lovely paint scheme mixed with crown molding and an open kitchen concept allows the condo to flow nicely with the oversize living/dining room combination. Unit contains it's own HVAC system, hot water tank and full size stack washer/dryer. Low condo fees! Located on one of the prettiest blocks in the Art Museum area!
Located within one of the hottest areas of 19103 is the Belgravia Condominiums at 1811-19 Chestnut. Also known as Peale House, is a historic building in Philadelphia, Pennsylvania. It was added to the National Register of Historic Places in 1982.
Visually elegant curb appeal, the Belgravia is a pet-friendly, doorman building with a gym. Steps from Rittenhouse Sq. A total of 53 condo units on a total of 8 floors.
Mark Wade www.CenterCityCondos.com
Click play to listen as Mark speaks in a conversational tone about what he knows and believes to be true about the condos located at 2429-41 Locust St. in the Fitler Square neighborhood of Center City Philadelphia, known as Locust Point.
Originally built as a warehouse, Locust Point was converted to apartments in the 1980s and then converted to condos in 2007. These condos happen to be one of the strongest buys in the 19103 zip code for those either looking to be close to the University of Pennsylvania or for folks simply looking to be in a strong location near the Schuylkill River jogging trail.
Click here to read more about Locust Point Condos on our website.
Mark Wade
BHHS Fox and Roach Realtors
CenterCityCondos.com
215.521.1523 | Mark@CenterCity.com
Tops the list in town of Philadelphia condo buildings in terms of resale ability. The building sits right on the south side of Washington Square.
All units have either a northern (park view) or southern (sunny) exposure! Roof top swimming pool and rental garage parking occupy the roof and the basement .
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Listen as Mark speaks casually about his experience and knowledge of the condominiums known as Hawthorne Lofts. Originally built from the Nathaniel Hawthorne school in the 19147 zip code, these lofts offer a lot of amenities for the money.
Location is strong and most units have parking and I honestly believe there is a sense of community at 712 S. 12th St. due to the configuration of the common elements- from the roof deck to the pool room to the gym. Nicely done!
Mark Wade
BHHS Fox and Roach Realtors
CenterCityCondos.com
215.521.1523
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Fitler Square is the Westernmost neighborhood in Center City Philadelphia. Located just east of the Schuylkill River and adjacent to Rittenhouse Square, it is a quiet, historic, tree-lined neighborhood.
Most condos are low-rises, although there are a few wonderful high rise condos located in Fitler Square. There is generally high demand and low supply in the neighborhood.
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Rittenhouse Square has always had its share of cache. Though much of the surrounding neighborhood area is known as The "Rittenhouse Square area", the square itself is a highly sought after location for many searching for condos in Philadelphia. A wonderfully urban housing area, Rittenhouse Square is one of the premier destinations for Philadelphia home buyers.
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Located between Society Hill and the Rittenhouse areas, Washington Square West houses a significant number of historic town homes, cobblestone streets, lofts, and brownstone conversion condominium projects.
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Mark lived in Old City for 24 years...it is one of his favorite neighborhoods in town. There has been substantial growth in Old City over the years. You can find very unique condo living ranging from old warehouse conversions to new construction high rises.
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2015 Philly Condo Market information broken down into 3 segments: Low-Rise, Mid-Rise, and High-Rise condominiums.
Low-rises are generally made up of brownstones and lofts...they come in many different styles and sizes and most of these condos possess one-of-a-kind character. Mid-rises are generally 5-10 story buildings with no doorman, may or may not have an elevator, and usually do not have many on-site amenities, which keeps the condo fees a bit lower than that of a high rise. High-rises are much larger buildings and generally the condo fees are higher that that of a mid- or low-rise condo because of the amenities and staff on-site. You can generally find an elevator, doorman, parking, a fitness center, pool, and possibly on-site management in these larger buildings. The units available are usually a little more cookie-cutter as well, meaning unit 901 is probably identical to unit 2801 and so forth and so on. Click play button below to listen now and learn more!
Questions that come up very often from my buyers:What is a tax abatement?What happens when my tax abatement expires? What happens to the value of my condo when the abatement expires? Will my Tax Abatement transfer with title? What will my new taxes be? Can my taxes go up if my property is abated?
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I know every condo building in Center City Philadelphia, and I chose to buy and live at Waterfront Square condos at 901 N. Penn St.
From the parking, to the pool, to the value and views- I really love living at “WFS”. The building is located in a quiet section of Center City and offers a great deal of value for the money. I think the quality of life is high and the values strong for everything the condo buildings offer. Three buildings in all- The Regatta, The Peninsula, and the Reef all offer varying floor plans, prices and finishes.
Mark Wade CenterCityCondos.com 215.521.1523
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A really Groovy mix of old urban contemporary chic and soft loft living. Enter into a two story open vestibule with grand staircase. MASSIVE open living room, dining room, and kitchen combination with large vaulted ceilings and skylights...a rambling great room with fireplace and hardwood floors. Large kitchen with Viking appliances, beautiful cabinetry and stainless backsplash, granite counters and a large island area... the kind of kitchen that is open and large and really makes you want to go cook something. Honest. Two large sized bedrooms and one small den/play room as well as two and a half large baths with great elbow room. Gracious oversize closets and laundry area. Included is one car garage parking and private storage area. Please see the photos- this place will put a smile on your face. Oh yeah... and its 2590 sq. ft. and the place shows like a gem. $865,000 Click play below to listen now!
Is it time to be a seller??
So where are we in terms of value retention and return? Have we fully recovered from our last downturn? Just What Can We Expect For 2015? Click play below to listen now!
Mark speaks casually about his thoughts on the newest addition to Rittenhouse Square- Ten Rittenhouse (aka- 10 Rittenhouse). These condominiums are located at 130 S. 18th St. in the 19103 zip code. Strong fit and finish, a variety of sized units and a very strong address make Ten Rittenhouse a premier destination for those looking to live in the heart of the Center City Philadelphia condo district.
Mark Wade BHHS Fox and Roach Realtors CenterCityCondos.com 215.521.1523
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My two cents on one of the most desirable condo buildings in the City of Philadelphia- The Residences at The Ritz Carlton at 1414 S. Penn Sq. across from city hall.
Located in the 19102 zip condo of Center City, The Ritz Carlton condos offer a variety of sizes and price ranges. One of the hottest selling condo buildings in town...and for good reason.
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A new construction high rise condo building as of 2005, the condominiums at The Murano offer a variety of sizes and price ranges.
The Murano is located within the 19103 zip code and demand has proven to be strong over time for condos at the Murano in Philadelphia.
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Waterfront Square and Ten Rittenhouse Square are holding their own in the Philadelphia Condominium market in terms of sales this fall 2012!
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Mark talks about the ups and downs of pricing policies, such as "fixed pricing models" that have been seen in some Philadelphia Condos...two examples are Locust Point at 25th and Locust and Hawthorne Loft Condos at 712 S. 12th St. A lot of buyers are used to negotiating so they may have a tough time getting used to fixed pricing models, but if you know your market you will realize that fixed prices are always aggressive and generally are not inflated. Click Play Below to Listen Now!
A lot of folks think there needs to be fighting and drama to be a winner when it comes to a Philadelphia Real Estate transaction. This isn't necessarily the case. Generally speaking, condo buyers always want to pay less and sellers think they deserve more, but when it is all said and done, there is usually no reason for drama when purchasing a Philly condo!
This isn't to say that it never happens. There is always that occasional Philadelphia Condo seller or buyer that picks apart every line of the agreement of sale...these are not my favorite deals but we get through them only to realize there was no need to get our panties in a bunch after all! Click Play Below to Listen Now!
Every Philadelphia condominium agreement of sale comes with a home inspection contingency. Every home inspection reveals some sort of defect...be it a double tap, water stain, burner that doesn't ignite, etc...most Philadelphia condos for sale are used and have been lived in. There is no such thing as perfection.
If you have the option of taking a credit, or having the seller repair items- GO FOR THE CREDIT. Because more often than not, you or your contractor may not like the way the seller does the repair. Then we all have a problem….
I am always shocked when I go on a listing appointment and a seller rants and raves about how low their Philadelphia condo fees are, and how fabulous and wonderful that is...If all your condo fees are paying for is water, sewer, the 6 light bulbs in the hallway, and master insurance...and you folks are not putting money away for repairs, upgrades, and maintenance...this is killing the resale value of your condominium.
If the front door doesn't close properly, the hallways are dirty, there are warped boards on roof deck, and peeling paint on the exterior windows, buyers will think your condo is a piece of crap! You get what you pay for... Like children, cars, and nice clothes, your Philly condo needs maintenance to retain it's value. My advice is to get on the board and vote to raise those condo fees to put money into your building because a buyer's first impression is made before they even walk into your unit.
There is an interesting phenomenon in Philadelphia real estate called "REO's" aka Relo's" aka "corporate owned" properties. In the 1980's I specialized in Real Estate Owned Philadelphia condos. This is bank inventory that can be acquired in a number of ways. REO's are a close cousin to foreclosures. An example of how a Philadelphia condo can become an REO is when "Suzie" works for a company such as IBM. IBM says, "Suzie, we want to promote you and move you to another state." So, IBM buys her condo and sells it through a third party intermediary . IBM (or whatever company may be relocating their employee) is not in the business of owning condos so they hire a 3rd party to get rid of it. These Philadelphia condos are usually very competitively priced and generally sell for less than asking price. Now, of course, every sale is an anomaly, but generally, corporate owned properties are owned by people that have no emotional contact to the property and therefore, they just want to get rid of their inventory as quickly as possible. If you come across one of these condos in Philadelphia, you can get a phenomenal deal! They are generally priced competitively. I've been selling these for 20 years. Buying an REO is a great way to snag a property that may have been out of your reach. I always push my buyers to look into these and they end up singing and dancing in the street!
Located in the Old City/Society Hill section of Center City Philadelphia, these condos are new(er) construction condo that were built around 2005. One unit per floor with a huge two story luxury penthouse!
All condos have parking and most condos have 360 degree views! Learn more about this fabulous Philadelphia Condominium by checking out our Center City Condo's Beaumont Page. Click play button below to listen now!
The Rittenhouse Plaza is The only real pre-war high-end co-op building in town. Sits on the north side of Rittenhouse Square and was built in the late 1920's and retains many nods to the Art-Deco style inside and out. Value per square foot is not negatively affected by the fact that it is a "co-op" instead of a condo and taxes are included in the monthly fee.
No parking at the building but tons of garages nearby...Such a wonderful variety of units in this building and phenomenal Penthouses! Click Play Below to Listen Now!
Mark discusses the results of the auction of 40 units at The Phoenix Condominiums in 2010.
UPDATE: The long-term results were nothing short of a huge win for the condominium association as a whole, and the Phoenix is now one of the hottest selling condo buildings in town. By reducing unsold inventories, the association has taken shape, and the building is not subject to future price reductions - there would be no need with demand strong.If we look at the resale market Phoenix in the past year, I think it indicates some stability- the units don't sit on the market for long, and have sold well. Click PLAY below to Listen Now!
Located on the corner of Washington Avenue and 11th Street in the Bella Vista section of Center City Philadelphia, The Lofts at Bella Vista are a wonderful addition to this thriving neighborhood! Just two blocks from the Italian Market, BV Lofts offer a wide range of condominium sizes, shapes, and designs. Impressive penthouse units, and MIND BLOWING Villa units, which sit atop this historic building, are a real Must-See for those entering the Philadelphia condo market!
Indoor garage parking, high ceilings, and modern common areas make this building very attractive and desirable for all price ranges for many Philly condo buyers. High end modern and attractive finishes like polished concrete floors, along with a tax abatement, 24-hour door person, and wonderful city views all add up to a strong mix which should pique the interest of a wide variety of Center City condominium buyers!
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Two buildings (233 S. 6th and 241 S. 6th)- Most buyers comment on the great light, generous balconies, and love the location on Washington Square. Rental parking in basement of condo isn't cheap, but is available. Common areas viewed as kinda' modern- not dated at all. Resales are good in terms of ability to sell- if priced right. Popular with med students (the one bedroom condos). Bi-level penthouses can be huge in size. potential buyers comment often on great views, ease of guest parking and willing front door staff. Pool adjacent is not a part of these apartments for sale- but proximity is great to that PSC gym. Click Play Below to Listen Now!
Listen to Mark discuss what it's like to live in two desirable Center City neighborhoods: Rittenhouse Square and Fitler Square.
Fitler Square is actually a pocket neighborhood situated in the Rittenhouse Square Area. Popular, groovy neighborhoods...2 very neat places to live in town. Wide variety of condos and townhouses available. Very urban, densely populated neighborhoods close to restaurants, theater, and shopping.
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The Academy House Condominiums are located in a very central residential location.
Rental parking in the lower levels, and 24 hour doorman. A fair number of units have outside balconies. A non-smoking building.
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Located in Old City, 108 Arch is a modern, newer construction building with some very strong urban styled finishes. All buyers are wowed by the decor, style and quality finishes. Units include parking (except one, and we just sold that unit), and building is pet-friendly. Part time doorman- Condo fees are not cheap, but the building is very well cared for and it shows. Most buyers sense the feeling of quality here. One bedroom units face north and have no balconies. All others have balconies...and not cramped little condo balconies either!
A beautiful, newly rehabbed high-rise at 15th and Locust. These residences include a 24-hour concierge, a pet spa, fitness center, and a business and media center. There is also a spectacular residents' lounge with a private dining room and an accommodating hotel suite for guests. This condominium possesses the true meaning of luxurious living.
The Aria was an office building when built and sits on the northeast corner of 15th and Spruce Streets. Some folks refer to the address at 225 S. 15th, but actually it is 1425 Locust- though the entrance sits on 15th street. The condominiums at the Aria have no parking- but there are no less than 4 large garages that can be rented within a block of 1425 Locust St. The Aria condos are actually divided into 3 "parts" (of the ONE building)...and all 3 parts offer various floor plans.
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Listen to Mark talk about 2 great Center City Philadelphia Neighborhoods: Queen Village and Bella Vista!
The Queen Village neighborhood in Philadelphia is a very desirable location for buyers. Queen Village is convenient to 1-95 and just a few blocks from Center City's dining and shopping. Spanning from Front to 6th, South to Washington, you can find everything from small homes, to huge townhouses, to a variety of condos in this area.
There has been real growth in Queen Village thanks in part to friendly, green, relaxed atmosphere. Lovely cobblestone streets and pocket parks are scattered throughout this neighborhood. Click play below to listen now!
Bella Vista is a well-populated and well-maintained neighborhood very close to Center City...A walk-able neighborhood with access to public transportation that has a very welcoming feeling with parks and tree-lined streets. You can get a lot for your money in Bella Vista. Click Play Below to Learn More.
Mark talks about the differences between low rise and high rise condo living in Philadelphia!
Mark has lived in both high and low rise condominiums in Philly and in this podcast he shares what he loves most about each. Whether you are looking for low condo fees or the unique floorplans or location in a low rise, or amenities such as a pool, fitness center, and doorman in a high rise, Mark has the experience to show you the best of both worlds. Click Play Below to Listen Now!
Mark discusses what condominium builders and developers in Center City Philadelphia need to do to set their product apart.
The Center City Condo buyer's wants and needs differ from those of a buyer in the suburbs. For example, large tubs and large kitchens are usually an inappropriate fit for condos in Philadelphia. Builders and developers should really tailor to the needs of the center city buyer by being more modern, hip, urban, and original...while not lacking in functionality.
To capture the attention of the Philly condo buyer, developers could perhaps invest in groovy designs (even hire an interior designer) to really build to their taste, capture their attention, and give them what they want!
Or Liberty 2 Condos as some folks call them. The highest elevation condos in Center City Philadelphia. Luxury penthouse units all with stunning views of the city.
Condos range in size from 1200 - 5000 sq ft +/-.
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Located on the south side of Rittenhouse Square, these Philadelphia pre-war condos are elegant and the demand outweighs supply.
Living on Rittenhouse Square - A much sought-after address. 1900 Rittenhouse condos are a lovely example of elegant living in downtown Philadelphia. Located in the 19103 section of Center City. Lovely condos...lovely!
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Located at 200, 210 and 220 Locust St. Philadelphia, Pa. 19106- these three towers have long been the anchor of the Society Hill condo set. From studio to three bedroom combination condos, the property is known to be very well managed.
Lovely landscaping surrounding the condos doesn't hurt either. Great condos values with great views as well!
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The Lenox Condominiums are a great value and should be considered for a long term hold!
A pre-war condo close to Jefferson that has undergone many recent upgrades and improvements!
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UPDATE! The Reef building is now 95% sold out and will be fully sold out in mid to early 2015. The condos have been performing well in terms of sale prices in all 3 condominium buildings and prices are on the rise.
Lovely water front living with amenities galore. Listen and discover why 901 N. Penn St. Condos are the deal to be had in the Philadelphia condo marketplace!
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Fabulous Art Museum Area condominiums in Philadelphia!
Spread out over four buildings, all units at Greenshire on the Park come with Parking!
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Mark talks about a great condo building in Old City at 315 New St.
A truly lovely warehouse loft building in Old City Philadelphia. With 121 units, Bridge View offers a doorman, with studios, one and two bedroom units. Over-sized windows, exposed brick, and a loft like feel make Bridgeview Place, which is located at 3rd and New Streets in the Old city (19106) section of Center City Philadelphia, a desirable address for those looking to live in a historic setting.
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These Philadelphia condos at 11th and Spruce Streets offer sleek and contemporary condominium units in a very desirable Washington Square West location - a five minute walk from Center City shopping, dining, and nightlife and a short walk to Jefferson University Medical Hospital! 1034 Spruce Street is an elevator building with a modern lobby and attractive common hallways throughout. Bicycle storage is offered in the basement. Most units offer wood floors and large bright windows. Boutique in nature, Le Grenier houses a limited number of flats on each floor and every condo unit in the building has a buffer between units- be it a staircase or elevator. A wonderful addition to the Philadelphia real estate set, these Washington Square West condos show very well, have great light, and the upper level units have fantastic Philadelphia skyline views!
Mark talks about the ups and downs of purchasing a foreclosed condo in Center City Philly!
In certain segments and/or neighborhoods in Center City Philadelphia, the available condominium supply currently on the market is limited...
There are some really great opportunities out there if you are interested in purchasing a foreclosure in Center City Philly!
Listen to Mark discuss different types of condos available throughout Center City Philadelphia from High Rise to Low Rise condominiums.
Listen to Mark explain why condition beats location in the center city Philadelphia Real Estate Market.
In many urban condominium markets like Philadelphia, the adage of "Location, Location, Location" may not be as important as "Condition, Condition, Condition". And many segments of any Philadelphia condo market will often attract buyers that have no special home renovation skills, no tools, and no time to perform routine upgrades. Click play below to listen now!
There are many different loft styles throughout the Center City Philadelphia Condominium market! Styles may vary depending on price, neighborhood, floor height, etc. You can find lofts throughout Old City and Bella Vista, and most true lofts are located in the Loft District around the area of 12th and Callowhill Streets. Not many lofts are available in Rittenhouse Square as the area has never housed many warehouses. There are different styles ranging from soft to hard lofts. The biggest characteristics of a loft are the exposed brick, exposed duct work, large windows, open floor plans and warehouse style. Click play below to listen now!
Center City Philadelphia gated communities are worth a look!
There are really only two Philadelphia condominium buildings that I believe qualify as being gated: WaterFront Square at 901 N. Penn St: I live here and I love it. I have lived in town for 24 years, and I know every condo building like the back of my hand. I choose the building because it sits on 13 manicured acres with tons of parking, pool, deck onto the river, etc. And being gated (and a doorman building), it takes the security equation right out of the picture- in my mind. If I forget to lock my condo door- WHO GIVES A CRAP?! I live in a gated community with a doorman to boot. Naval Square: Gated and sits on something like 20+ acres…gorgeous setting. And again, takes the security equation right out of the picture. Ample parking, pool, and lots of space for the dog, the kids, even bike riding. These are qualities that are generally lacking in a non-gated urban community. I love Naval Square, and think that the HUGE variety of styles and sizes are fantastic. And the tax abatement doesn't hurt either. Many units are single level/one story styled condos. CLICK PLAY BUTTON BELOW TO LISTEN NOW!
The 2011 Philadelphia Real Estate Market is moving right along...listen to Mark discuss!
When buying a condo in Philadelphia, you get a 5 day review period to read your condo documents...read them!!
Here are a few things that you may not have known are pretty standard in condo docs in Center City: 1) Almost all associations charge 2 months capital contribution- means you pay 2 months condo fees to the association- not the owner, but the association- Helps build the kitty.
2) You better check the pet policy- A few years back a young woman bought a Philadelphia condo at Locust Point, then had to sell because she ignored the pet policy- her dog was too big. And she of course wasn't parting with the dog, so she parted with the condo.
3) Rental Restrictions- Becoming more and more common in condo docs and their rules and regs- which can be a huge value-preserving tool for the association.
4) Future Assessments- Will tell you if any assessments have been approved for the future. Not “discussing assessments” but real approved assessments. There is a difference.
5) The Budget- This is a biggie. You may want to see how much $$ is on hand for future improvements- should correspond to building size and age. New buildings have little reserve- and often, they don’t need them- there is no differed maintenance beyond cosmetic often.
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Listen to Mark talk about marketing points for getting maximum exposure and maximum sale price for your Center City condo.
Whether you plan on selling your Old City condo, your Rittenhouse Square condo- or anywhere in between, we can help you sell today or whenever you are ready! Click Play below to listen now!