Real Estate
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Berwyn Home Built Nearly Century Ago for Hires Root Beer Family Hits Market
A Berwyn home built nearly a century ago in the English Cotswold manor style for a member of the Hires Root Beer family has hit the market for $1.425 million, writes Lisa Dukart for the Philadelphia Business Journal. The 5,621-square-foot residence was constructed for Harrison S. Hires, one of the sons of Charles Elmer Hires,…
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Chester County Has the Most Manufactured Home Communities in the Philly Suburbs
Aspiring homeowners are pivoting to single-family or mobile homes throughout The Keystone State, particularly in suburban areas, writes Michaelle Bond for The Philadelphia Inquirer. Demand for a spot in these manufactured-home communities has increased, especially in Philadelphia’s collar counties. Chester County, along with Delaware, Montgomery, and Bucks has 129 of these communities in total.…
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First Bank House of the Week: Stone English Cotswold Manor Full of Color in Berwyn
A colorful stone English Cotswold manor with five bedrooms and four and a half bathrooms is available for sale in Berwyn. . . The home is tucked away from the road for much-coveted privacy and perched high for amazing views. Inside, you are greeted by a center hall with rich hardwood flooring and a grand…
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Wall Street Journal: Phoenixville Realtor Has a Say About Fixer-Uppers
A realtor in Phoenixville has some insight on fixer-upper homes in the market, writes Veronica Dagher for The Wall Street Journal. “Even homes that need renovations are still selling near list price or slightly higher simply because there aren’t enough homes on the market to meet demand,” said Brian Slater, who has been an agent…
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West Chester’s BMW Property Purchased for $30.7 Million by Piazza Auto Group
An auto group in West Chester is dominating Wilmington Pike. Piazza Auto Group recently paid $30.7 million for the BMW of West Chester and Mini of West Chester. The 6.8-acre property, located near Penn Oaks Golf Club, originally opened in 1968, writes Paul Schwedelson for the Philadelphia Business Journal. Piazza purchased Mercedes-Benz of West…
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Downtown Phoenixville Office Building to Soon Be Developed into Apartments
A four-story, 34,000-square-foot office building in downtown Phoenixville along Bridge Street will transform into apartment buildings. The property used to be the headquarters of Customers Bank, which has since relocated to Malvern, writes Paul Schwedelson for the Philadelphia Business Journal. The president of the Rockwell Development Group realized it was the perfect location for…
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Malvern Bank House of the Week: Sleek, Modern Pad in Malvern
A sleek, modern home set on 5.1 gorgeous acres with three bedrooms and two full and two half bathrooms is available for sale in Malvern. This beautiful residence, constructed in 2015 with commercial-grade materials, was built to last. The many stunning details include Marvin Ultrex fiberglass doors and windows as well as radiant floor heat…
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One-Time Schoolhouse in Honey Brook Already Pending Sale After Just Days on Market
A charming one-time schoolhouse in Honey Brook priced at $398,000 is already pending sale, after spending just a few days on the market, writes Tiffani Sherman for the Beaumont Enterprise. “It’s an incredible property,” said Stewart Gross, who is co-listing with Holly Gross, both with BHHS Fox & Roach West Chester. “Part of it is…
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New York Post: Philadelphia House Built in 1728 on Nation’s Oldest Residential Street Available for Sale
A Philadelphia house built in 1728 on Elfreth’s Aly, America’s oldest residential street, with three bedrooms and one bathroom, has hit the market for $500,000, writes Mary K. Jacob for the New York Post. The home last sold three decades ago for $119,000. Constructed when the nation was still a colony, this residence is considered…
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Malvern Bank House of the Week: Spacious European Manor in South Coventry
A spectacular European-inspired manor home with five bedrooms and seven and a half bathrooms is available for sale in South Coventry Township in Pottstown. The home is perfectly nestled on 36.6 acres offering gorgeous views of the surrounding countryside. It also boasts impressive stonework both inside and out. . . Highlights include the stunning two-story…
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Housing Market in Chester County Becomes Even Pricier Due to Continuous Low Inventory
Chester County, which has the priciest housing market in the region, has seen the prices go further up due to the continued low inventory, writes Ryan Mulligan for the Philadelphia Business Journal. In May, house prices in the county went up by eight percent, to a median of $502,500, according to data from real estate…
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Malvern Bank House of the Week: A Crash of Modern and History in West Chester
An enchanting farmhouse on 6.8 gorgeous acres with four bedrooms and three and a half bathrooms is available for sale in West Chester. . . The residence recently underwent an extensive renovation that added modern amenities while preserving the historic charm of the property. Various stunning details throughout the home include beautiful hardwood floors, wooded fixtures,…
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Low and Middle-income Buyers Face Shortage of Affordable Homes in Philadelphia Area
Despite plenty of available homes for sale at high prices, low- and middle-income homebuyers in the Philadelphia metro area are currently facing a shortage of affordable homes, writes Michaelle Bond for The Philadelphia Inquirer. “Ongoing high housing costs and the scarcity of available homes continues to present budget challenges for many prospective buyers, and it’s…
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Custom-Built New Hope Home Dubbed ‘The Gatsby Barn’ Hits Market for $10 Million
A unique home in New Hope that pulled some elements from the famed Waldorf-Astoria Hotel in New York and was modeled after the mansion from “The Great Gatsby” is up for sale for $10 million, writes Ryan Mulligan for the Philadelphia Business Journal. The home boasts six bedrooms and seven bathrooms and spans around 10,000…
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PREIT Faces $1 Billion in Debt, Struggles to Sell Exton Square Mall
Exton Square Mall owner PREIT has a huge bill due at the end of this year. The real estate company accrued $1 billion in debt and was delisted from the New York Stock Exchange last December, writes Jake Blumgart for The Philadelphia Inquirer. Company executives are working on diversifying their portfolio, while also shedding weaker…
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Twin Farmhouses Built a Century Apart in Phoenixville Drew Couples’ Attention
When interior designer Kim Morgan and her husband Kirk were searching for their dream home, they never thought they would find two of them. The couple found their unique property in rural Phoenixville after 15 years of searching, writes Paul Jablow for The Philadelphia Inquirer. “They don’t come on the market very often,” said Morgan.…
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Malvern Bank House of the Week: Timeless Traditional on Landscaped Lot in Devon
A spectacular stone-front traditional home with four bedrooms and four and a half bathrooms is available for sale in Devon. This timelessly designed residence has light-filled, open spaces throughout. . . Nestled on a breathtakingly landscaped acre lot, this home offers a quiet environment that is within walking distance from trains, shops, and excellent restaurants. …
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Malvern Bank House of the Week: Comfortable Manor with Character of European Farmhouse in Avondale
A stunning historic manor set on 5.83 lovely acres with five bedrooms and four and a half bathrooms is available for sale in Avondale. Penn Hollow is a move-in-ready property that offers luxurious living surrounded by the charm and character of a European farmhouse. Five fireplaces are among the many gorgeous details that fill this…
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