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2342 Watkins Street
Philadelphia, PA 19145
$269,900
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1091
Property Description
Welcome home to 2342 Watkins Street, a charming 3-bedroom and 2-bathroom townhouse nestled just off of Point Breeze Avenue, positioning the owner right in the middle of two prime retail hubs — Center City & South Philadelphia! Step up from the sidewalk and enter into the first floor’s inviting open layout, from the front living room to the spacious dining area and contemporary kitchen. The kitchen is outfitted with elegant brown shaker cabinets, a sleek stacked slate backsplash, stainless steel appliances, and granite countertops. A breakfast bar and 5-burner gas range add to the allure. Featuring wood floors, a modern chandelier, and daylight from three exposures, the entertaining level is light, airy, and perfectly inviting! At the back of the house, situated behind a character barn door with matte hardware, is a full bathroom featuring a glass-enclosed shower, floating vanity, and washer/dryer. Lovely light gray tiling leads to the back patio, the perfect spot for summertime grilling! The second floor is home to three bedrooms and a full bathroom. The primary bedroom is positioned at the front of the house and enjoys incredible closet space — 5 bi-fold closet doors complete with upper storage shelves, ideal for seasonal wear and general storage! The primary bedroom additionally features a desirable bay window bump-out and wooden ceiling beam. Two additional windowed bedrooms offer the owner some versatility; these rooms can certainly be used as bedrooms but could also function well as space for an office, gym, or nursery. A tiled hallway bathroom with a convenient pocket door, neutral tiling, floating vanity, tub/shower enclosure, interior linen shelving, and adjacent linen closet in the hallway complete the second floor. Before leaving, don't miss the opportunity to explore the large basement, a clean and versatile space that houses the property’s utilities and offers impressive storage space. Additional amenities include central air & heating, an electronic thermostat, stairwell niche shelving, and recessed lighting! This property has been freshly painted and is ready to welcome a new owner! With its thoughtful design, stylish finishes, and convenient location, 2342 Watkins Street offers the perfect blend of modern living and urban convenience in the heart of South Philadelphia. | This property is located in a geographic area which may result in the buyer being eligible for special loan programs that may provide additional financial assistance to buyers. Contact the listing agent for information on BUYER GRANTS. | Disclaimer: The buyer and buyer’s agent are responsible for confirming the accuracy of square footage and tax estimates. A Homestead Exemption may offer tax savings for eligible owner-occupants. Select photos have been virtually staged which may result in slight deviations from the actual space; the buyer is encouraged to review the non-staged photos for the most accurate representations of the property.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1925
MLS Number
PAPH2308776
Location
Address
2342 WATKINS STREET
City
PHILADELPHIA
State
PA
Zip Code
19145
County
PHILADELPHIA (SOUTH)
Listing
Provider
Name
Compass
Phone
Office Name
Compass Pennsylvania, LLC
Office Phone
(267) 435-8015
Agent Name
Evan Frisina

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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.