Let’s face it, 2013 is pretty much over. With Christmas falling on a Wednesday and New Year’s Eve and Day following shortly thereafter, there are only about 8 “real” work days left. So, it seems like a perfect time to take a look back at the 2013 real estate market. In particular, let’s take a look at the ultra high-end sales in the market.*
The Philadelphia Metro Area (Philadelphia, Montgomery County, Bucks County, Delaware County & Chester County) had its fair share of heavy hitters this year. In total there were 20 sales over $3,000,000 and there are currently five sales pending over that amount.
Bucks County posted a $3,300,000 sale with the property at 6356 Meetinghouse Road, in New Hope. In this case, the price gets you a 20-year-old, 12, 376 Sq Ft, Colonial situated on 92.78 acres. A perfect little “country” getaway home for New Yorkers.
In the Villanova section of Delaware County there was a $4,000,000 sale at 265 Abrahams Lane. What’s interesting is that price was achieved at auction, down from the original $7,695,000 list price. Looks like a pretty good deal for the 12-year-old, 10,268 Sq Ft, Mansion sitting on 9.90 Main Line acres.
At $4,200,000 cash, the “McIlhenny” Mansion, at 1914-16 Rittenhouse Square was the highest sale in Philadelphia. This mansion faces Rittenhouse Square and is built on five property lots. The 8,600 Sf Ft structure was listed as being “in need of complete restoration.” Kind of pricey for a fixer-upper but, that being said, there is nothing else like it in Philadelphia. New owner Bart Blatstein just received the “go ahead” from the planning commission for renovations to the historic property.
Saddle up! If you like privacy, views and horses, and you happen to have $5,000,000 lying around then you could have purchased the property at 2300 Hilltop View Road, in Chester County. This 27-year-old, 10,061 Sq Ft, Converted Barn sits on 143.70 acres. This is a true equestrian property with 14 stalls, paddocks, indoor riding ring, tack room and abuts 800 acres of preserved land.
The honor of being the most expensive home in the Philadelphia Metro Area for 2013 goes to 648 Creighton Road, in Villanova. This Tudor Mansion is over 80 years old and boasts 13,464 Sq Ft of living space situated on 3.13 acres, in Lower Merion. This is a classic Main Line residence with a $5,700,000 price tag to prove it.
The Coyle Group’s team of Philadelphia appraisers are a leading provider of appraisals for Estate/Probate, Divorce, Bankruptcy and Tax Appeal. If you need a guest speaker at your next sales meeting, please give us a call. We would welcome to opportunity to speak to your group and field any appraisal related questions you may have. For more information please visit our website at www.TheCoyleGroupLLC.com You can also contact The Coyle Group at 215-836-5500 or appraisals@coyleappraisals.com
* Only sales advertised in the MLS were included. No private sales were used. Photos are courtesy of TReND MLS.
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