Prime development parcel in Germantown, one of the fastest-growing submarkets in Philadelphia, Pennsylvania. This site is fully entitled (all plans and permits included) to build 46 market-rate apartments atop 750 SF of ground floor commercial space and 10 parking spaces with a panoramic rooftop terrace showcasing views of the Wissahickon Woods. 6 studios, 32 1bd and 8 2bd units create a diverse unit mixture. The total building size is 43,245 SF throughout 5-storeys. There are multiple new developments progressing along the Avenue and local favorites Weavers Way Grocery and Ultimo Coffee are just a short stroll away, as is the Chelten Avenue Septa regional rail line (Chestnut Hill West) which connects directly into Center City and University City. Jefferson University, Germantown Friends School and William Penn Charter (3 highly- esteemed local schools) are each less than 5 minutes away. The area is exploding with positive growth driven by surging rental, retail and investment demand. Enquire within for PPP (plans, pro forma, permits).
FROM LINCOLN DRIVE TURN ONTO WISSAHICKON AVENUE THEN TURN ONTO CHELTEN AVENUE. PROPERTY IS ON RIGHT HAND SIDE APPROX. 2.5 BLOCKS NORTH.
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Philadelphia Housing Market Report
Sold Prices For All Homes in Philadelphia
The Median Sold Price for All Homes in Philadelphia is $273.6K
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What type of housing is available in East Oak Lane, Philadelphia?
In East Oak Lane, about one third of dwellings are townhouses, but large apartment buildings, small apartment buildings, and single detached homes are also present in the housing stock. This part of Philadelphia offers mainly two bedroom and three bedroom homes. Around two thirds of the population of this neighborhood own their home while the remainder are renters. Most of the housing growth in this part of Philadelphia happened pre-1960.
Is East Oak Lane, Philadelphia a good place to live?
The character of East Oak Lane is exemplified by its calm environment. This part of Philadelphia is quiet, as there are usually low levels of noise from traffic. Finally, it is easy to reach green spaces from most locations within the neighborhood since there are a few of them nearby for residents to relax in.
Are things conveniently located in East Oak Lane, Philadelphia?
In this neighborhood, locals will usually be able to access both primary and secondary schools by walking. At the elementary level, both public and private schools can be found. When it comes to food, it is usually feasible for house buyers in this part of the city to purchase their groceries on foot. Likewise, there are a fair number of choices in close proximity for those who care about restaurants and cafes.
What does the transportation in East Oak Lane, Philadelphia look like?
East Oak Lane provides house buyers with several alternative methods of transportation. This part of the city features a very good public transit infrastructure due to a few nearby bus lines. Commuting by car is also easy in this area because finding a place to park isn't generally too bothersome. East Oak Lane is especially conducive to walking; most common errands can be run without the use of a car, and many businesses are reasonably nearby.
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Frequently Asked Questions About 226 W Chelten Ave, Philadelphia, PA, 19144
What is the listing price of this property?
The listing price of 226 W Chelten Ave property is $1,900,000.
What type of property is this?
The property 226 W Chelten Ave is land located in Philadelphia, Pennsylvania, 19144.
Is this property for sale now?
Active Listing: 226 W Chelten Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 226 W Chelten Ave are: James R. Lowell Elementary School: GreatSchools Rating 2/10Grover Washington, Jr. Middle School: GreatSchools Rating 3/10Samuel Fels High School: GreatSchools Rating 1/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,669 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 26, 2021 for $69,000. (source: MLS/tax record).
This home is located at 226 W Chelten Ave in Philadelphia, PA and zip code 19144 in the East Oak Lane neighborhood. This home sits on a 0.29 acre lot. It has been listed on Rocket Homes since September 22, 2022 and is currently priced at $1,900,000. The neighbors living near this home have an average income of $38,929.
The number of listings in Philadelphia, PA increased by 24% between July 2022 and August 2022. Listings spent 32 days on the market in August 2022, and had a median list price of $273,682 during the same period. Philadelphia, PA housing market in August 2022 saw over 306 listings sold above listed price, more than 294 sold at listed price and over 613 sold below. The majority of Philadelphia, PA residents have income between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
From Rocket Homes Real Estate and based on county public records data.