David Henke Realtor (r) Homes Just West of Philadelphia PA

Welcome to 6 Keno Lane - Danielle's newest upcoming foreclosure in West Grove PA.

Recently, there have been fewer foreclosures in Delaware County PA as the activity appears to have become more concentrated in Philadelphia and down in Delaware. To continue our foreclosure series, this is one of the latest of Danille Mateu's foreclosures that is coming up in Chester County PA.

Located in Penn Township, Keno Lane is a small cul-de-sac off Corby Rd just west of its intersection with Jennersville Rd. This location affords the owner easy access to much of the region. Just north on Route 796, Route 1 provides quick access toward Oxford to the west and West Grove/Kennett and Delaware County to the east. Just to the west, Corby Rd intersects with Route 896 which leads to Lancaster to the northwest and Newark/ Wilmington DE to the southeast.

This is a nice example of newer Chester County ranch home construction from about 29 years ago. Keno Lane itself is a 3 bedroom 1.5 bath one story ranch with a full unfinished basement. The property is located right at the corner of Corby and Keno and the house is situated on the top of a rise over the intersection. The video will provide a better look at the home itself:

The pricing for this house has not yet been set but overall in zip code 19390, there are currently 116 properties on the market with an average list price of $359,000 and 24 are under contract with an average list price of $258,000. As has been seen throughout the area, both the activity and pricing have pulled back recently in this zip. Activity reached a peak in 2006 with 185 closed transaction while the pricing reached a peak in 2007 with an average sales price of $312,00. Both sales and prices have been drifting down for the last couple years resulting in 87 sales so far year to date in 2009 with an average sales price of $263,000.

This appears to be a great opportunity to obtain a home in the area for a good price without being a major fixer. As with all foreclosures any buyer should be prepared to put in money and time into the property before being able to move in. A potential buyer will only be able to perform limited inspections and must be prepared to buy in as-is condition with solid financing.

As always, if you have any questions or would like to be notified when the property can be shown, please do not hesitate to contact me anytime.

Be sure to stop by our Sunday November 22 Open House at 907 Morgan Avenue in the Aronimink section of Drexel Hill Upper Darby PA this Sunday from 1:00- 3:00 to get a better feel for the area! Classic Spanish 4BR/1.5BA Spanish Colonial. Only 4 Blocks to the Trolley!

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In the western portion of Upper Darby Township, the Aronimink section is one of the earliest local developments in Drexel Hill.

The Aronimink section originally was named after the Aronimink golf club. The Aronimink Golf Club (for complete club history, be sure to check out their site's history page) was originally founded in 1896 in southwest Philadelphia and was named either from a alternative spelling of the Indian Chief who had lived in the original clubhouse or after another Indian word. Quickly outgrowing its original site, the club moved in 1907 to a second location in Philadelphia and as it continued to grow it moved to Upper Darby Township in 1913 to 100 acres on a portion of the original Garrett Farm.

As the club grew into its new location, developers began to provide housing adjacent to the course. The Aronimink Golf Estates grew on the area toward the north and the entire area to the north of the original site is now considered Aronimink. By 1926, the club had again outgrown its facilities and moved to 300 acres obtained in Newtown Square. The original site has since been redeveloped as the Drexelbrook Rental Apartment Community and the entire area has been developed into a mostly residential area with a commercial area centered on Burmont as the Aronimink Station Business District.

Today, Aronimink is generally considered the area north of Drexelbrook, south of Township Line Road, and west of Concord Av, although portions of several other developments are also included in this area. The community contains a variety of homes from small apartments to twins to all sizes of single family homes. It continues to be a popular area for both those working in Delaware County and those commuting to Philadelphia. It is conveniently served by the SEPTA 101 Trolley with three area stops at the Aronimink Station (Burmont Rd), the Anderson Ave Station, and Drexelbrook Station (Wildell Rd).

Real estate pricing and activity has held up reasonably well in the immediate area. Today, there are 31 properties on the market with an average list price of $268,000 and an additional 4 properties currently under contract averaging $369,000. In 2009 year to date, 21 properties have sold for an average final price of $245,000. Although down, this has held up better than we have seen in many areas. Activity and pricing peaked with 53 sales averaging $270,000 in 2005. Since then, there have been 43 sales at an average price of $255,000 in 2006, in 2007 - 36 sales at $270,000, and in 2008 - 38 sales averaging $261,000.

Overall, the Aronimink section of Drexel Hill continues to be one of the prime Philadelphia suburban Delaware County communities. It offers immediate access to Route 1 and I-495 / I-95 to the west, quick access to I-76 north on Township Line Rd, close proximity to much of the Main Line, and easy rail access to the 69th Street Terminal and downtown Philadelphia beyond.

As always, if you need any additional information, have any questions, or may be looking for a home in the area, do not hesitate to contact me anytime.

After five years of review and planning, Newtown Township has approved the revised plans for the development of the Ellis Preserve at Newtown Square.

After years of work, meetings, and evolving plans, the Ellis Preserve Town Center is now closer than ever to fruition. The township will still submit some additional conditions to BPG that must be addressed, and another builder is contesting the approval, but the project looks like it should be proceeding.

The Ellis Preserve at Newtown Square will include a mixture of office, retail and residential uses. The Ellis Preserve Town Center should be a great addition to the township and provide a more traditional town center to the area. In addition to the commercial center concentrated by the intersection of Routes 252 and West Chester Pike, there will also be additional office space along West Chester Pike and various residential options concentrated to the north as you head toward Goshen Road.

For more complete information, be sure to check out the complete Daily Times Article on the meeting itself and the embedded links to take you directly to the developers site.

As always, should you need any additional information, feel free to contact me anytime.

Welcome to the SEPTA 101 Trolley Aronimink Station in Drexel Hill PA.

This station is located on the SEPTA 101 Trolley line running from downtown Media to the 69th Street Terminal. It is just two blocks south of State Rd between Drexel and Morgan Avenue at the intersection of Burmont Rd with Morgan Ave. It is in the center of the Aronimink Station Business District running along Burmont Rd which is currently undergoing some site planning for some redevelopment in the area.

The station itself does have a small shed on the south/ east bound side of the tracks but it does not have any dedicated commuter parking. It is in an ideal location for people commuting to or from the Aronimink located businesses and is within walking distance to most of the commercial area. It is also a convenient station for local residents commuting into both Media and Philadelphia.

It is in the center of the greater Drexel Hill residential area providing a great mix of rental units, row homes, twins, and a wide variety of single family homes throughout the area, but the complete sales statistics will be covered in a separate Aronimink post.

If you need access to the businesses in the Aronimink Station Business District, need a centrally located Drexel Hill pick up or drop off spot, or are considering the commuting options from the Drexel Hill area, this is a prime station to keep in mind. It is centrally located and although it does not have any parking, there is plenty of room on the adjacent streets for picking up or dropping off passengers.

As always if you have any questions or need any additional information, please do not hesitate to contact me anytime.

Also be sure to check out the Sunday Open House at 907 Morgan Ave (just four blocks away!) this Sunday October 25 from 1-3.

Welcome to Ballinahinch in Aston PA.

With well over 400 properties, Ballinahinch is conveniently located just off Pennell Rd / Route 452 in Aston PA. It is south of the intersection of Route 452 with Route 1/ Baltimore Pike and Rt 352/ Middletown Rd. The Granite Run Mall is just east of this intersection and Media Borough is just beyond. The Conchester Highway / Route 322 is to the south of the community providing immediate access to I95 and downtown Philadelphia to the east. Just beyond this intersection, Route 452 provides access to I-95 going south toward Wilmington Delaware.

The real estate pricing and activity has held up very well in the community. Looking only at the condominiums and townhomes, recent activity actually peaked in 2004 with 49 transactions. Since then, the sales pace dropped to 34 homes in 2005 and 26 homes in 2006 to level off at 20 in 2007, 22 in 2008, and 11 so far this year in 2009 with an additional 6 pending. The single family homes have had sales of 1-4 units each year.

Pricing has also leveled off rising from the $165,000 in 2003 to $178,000 in 2004, $206,00 in 2005 and $215,000 in 2006. Since then it has been fairly stable with average prices of $212,000 in 2007, $211,000 in 2008, and $216,000 in 2009 year to date. The average price should ease a bit since those currently under contract have an average list price of $199,000. There are also an additional 6 properties currently on the market with an average list price of $215,000. Pricing for the single family properties have been in the mid $300,000s for the last several years.

With its great location, amenities, and wide variety of housing choices, Ballinahinch should remain a popular housing choice in the area. Activity and pricing never reached the peak seen in other areas which should provide a good cushion for the real estate market going forward.

As always, if you have any questions or need any additional information, please do not hesitate to contact me.

(All statistics are per the TrendMLS System and believed accurate but not guaranteed)