Sunday, February 22, 2009

Real Estate in Brewerytown and Strawberry Mansion

Brewerytown and Strawberry Mansion are two North Philadelphia neighborhoods situated next to each other. Brewerytown's boundaries, between 23rd Street and the Schuylkill River and Parrish Street and Cecil B. Moore Avenue, overlap Strawberry Mansions' boundaries between 29th and 33rd streets and Oxford Street and Lehigh Avenue.

But geographical boundaries are about the only thing the two neighborhoods have in common. Among the more noticeable differences is real estate.



A well-dressed home in Brewerytown

In Brewerytown, most real estate listings advertise new construction or refurbished buildings. A listing from Prudential Fox & Roach shows a house on the 2900-block of Girard Avenue listed for $369,900 with amenities like granite countertops, cathedral ceilings and a wet bar. The home is back on the market after being purchased for just $24,900 in March 2002.

A second listing, on the 2500-block of Poplar Street, is on the market for $419,000. The triplex features a new roof, is fully carpeted, and has laundry facilities. This property is also being resold by the owner, who purchased it in April 2007.



New housing in Strawberry Mansion

A short walk away at 22nd and Cumberland streets, is a single-family home on a seemingly well-kept block in Strawberry Mansion. The home is on the market for $90,000. But the new kitchen, fireplace and hardwood floors don't sell as well at they would in Brewerytown.

Neither will the corner property at 21st Street and Glenwood Avenue. The freshly painted home with a finished basement and yard is listed at $85,000.

Real estate has always been an up-and-down business, especially during unstable economic times like the one we're experiencing now. But homes in certain areas typically sell for similar prices, given their proximity to each other and likeness in appearance. This is not the case with Brewerytown and Strawberry Mansion.

Though they are separate neighborhoods whose boundaries overlap, they are very different in makeup, which results in the great real estate disparity. Homes in Brewerytown generally sell for more, because buyers are paying for the whole package: neighborhood, neighbors and entertainment.

Real Estate agents in the area did not return requests for comments.

By Ibtisam Abdul Barr, Shannon McDonald and Stephanie Ramirez

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