The other night, after a tasty adult beverage at the Industry, we noticed a construction site nearby. The next day, we zoomed back to Pennsport to take a closer look. What we discovered at 1327 E. Moyamensing Ave. is a new single family homes that’s been framed out in recent months.
Developer Dottie Properties, builders of two homes we covered in Francisville several months ago, purchased this lot for under $100K a few months ago. Now, they’re well on their way to completing a three bedroom, three-and-a-half bathroom home with three car parking and over 4,000 sqft of living space. From what we can tell, two of the parking spaces will be in front of the house with the third in the garage. Check out the rendering and floor plan we pulled from Trend:
The home is currently listed for $575K- a high price for sure, but considering the size, the three parking spaces, and the fact that new construction homes in the area with only one parking spot have sold in the $500K range, it’s not totally out of left field. And with the Industry pretty much right across the street, Herron Park more or less in the backyard, and Federal Donuts a short jaunt away, you can’t really argue with the location.
We’ll be interested to see if the developers get a buyer that’s in the ballpark of their asking price. Wouldn’t come as a surprise…