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2330 Alter Street
Philadelphia, PA 19146
$850,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
2800
Property Description
Introducing 2330 Alter Street, the customizable new construction home with garage parking that you’ve been waiting for. This 2,800 square foot four bedroom, four bathroom home offers an abundance of versatility in its layout and the opportunity to create a luxury home of your real estate dreams. Here, Buyers have the option to select kitchen cabinetry, countertops, backsplash, kitchen appliances, hardwood flooring, bathroom vanities and more. The layout of this home maximizes the use of the square footage and begins with a recessed entryway on the first floor complete with a coat closet. On this first level there is a full bathroom with seamless glass-door walk-in shower, a spacious bedroom with a row of closets and access to a ground floor patio space. This bedroom offers great flexibility of use as it could easily function as a home office or in-law suite. Upstairs, you’ll find an open concept kitchen, dining and living area absolutely flooded with natural light from the oversized front window. The kitchen is a smart design with ample cabinet space, including a seamlessly built-in oversized pantry cabinet. The kitchen features a large island with waterfall quartz countertop that not only provides a stunning design accent but also offers plenty of space for meal preparation and countertop dining. The kitchen has a stainless steel appliance package including a gas stove with hood, counter-depth refrigerator, dishwasher, built-in microwave and wine fridge. There is a sliding glass door off of the kitchen that provides access to a rear balcony that is perfect for summertime grilling and easy outdoor dining. The living area itself easily fits large-scale furniture and is prewired for a wall mounted television. Hardwood floors of your selection will flow throughout all levels of this home. A floating staircase takes you to the third level of this home which features two good-sized guest bedrooms with ample closet space and a full bathroom. A proper laundry room complete with laundry sink is smartly tucked between the guest bedrooms. The third level is devoted to the primary suite which is an urban oasis, with an oversized spa-like bathroom complete with a freestanding soaking tub, massive walk-in shower and a generous walk-in closet that can be fully customized to fit all of your wardrobe needs. A unique feature of the primary suite is the private deck off of the bedroom that provides a secluded spot to retreat for some outdoor relaxation. The top level of this home was made for entertainment with a Northern facing roof deck that provides unobstructed panoramic views of the Philly skyline and is the perfect space to host outdoor gatherings in the warmer months. A full wet bar with wine fridge is located on this top level to make roof top entertaining a breeze. Not to be forgotten, the finished basement of this home has nine foot ceilings, a full bathroom with another walk-in shower and a storage room. The finished area of the basement is expansive and can easily function as a second indoor living space or even be divided to create a fifth bedroom if so desired. This home also includes a video doorbell and is pre-wired for a home security system, Verizon Fios and Comcast services. 10 year tax abatement approved. Located in the Edwin M. Stanton Elementary School catchment. Whether you prefer modern or eclectic design, this home offers the flexibility to tailor the space to your individual style and preferences and is conveniently located less than a block over Washington Avenue in Northern Point Breeze and a short walk to neighborhood favorite businesses including Dock Street South, Breezy’s Deli, Small Oven Pastry Shop and Tuck & Barre Yoga. *Estimated square footage includes finished space above and below grade. Jumbo mortgages with only 5% downpayment are available as well as other low interest rate financing options. Digital renderings are for marketing purposes only and may not portray actual finishes. *
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
PAPH2356204
Location
Address
2330 ALTER STREET
City
PHILADELPHIA
State
PA
Zip Code
19146
County
PHILADELPHIA (SOUTH)
Listing
Provider
Name
Compass
Phone
Office Name
Compass Pennsylvania, LLC
Office Phone
(267) 435-8015
Agent Name
Ashley Lauren Farnschlader

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.