We were meandering around the neighborhood earlier this week and happened upon some construction on the 400 block of Sigel Street, with the promise of more to come. For whatever reason several lots on this block have sat vacant for a number of years, but now the lots at 431 and 433 Sigel St. are seeing new homes get built. Both homes were listed for sale, one for $315K and the slightly wider one for $325K, but they were taken off the market about a month ago.
Though public record indicates that different parties own these two properties, the coinciding construction would seem to indicate that it's the same developer working on both. Also the withdrawn listings showed identical photos and the same description, further supporting the theory that this is indeed the same developer. Incidentally, these guys also built 412 Sigel St., the most contemporary home on the block. That home sold a couple months back for just over $280K- perhaps the developers are shooting for a higher price for the homes currently under construction because they lack a silly third story setback.
But that's not all for this block. At 427 Sigel St., there's a zoning notice for another single family home. That project has gone to the ZBA twice, but was continued both times. Perhaps the owners are looking to avoid a third floor setback, which we can certainly appreciate. Though we're unclear on what it will look like, we're conifdent something will get built here soon.
We're not as confident on the south side of the street, where you can find three vacant lots in a row. One of them was bought by developers in 2014, so it could soon get redeveloped. The lot next door is owned by the City, and the final lot has been owned by the same investor for a decade. Hey, one out of three ain't bad.
