SoPhilly Spotlight: Newbold Value edition

Sure, this place leaves a lot to be desired cosmetically. But if you can deal with drop ceilings and garish carpet for a while, this place would make a great investment.

Situated at 1924 S. 17th St., this 4-bedroom, 2.5-bathroom row has a finished basement, huge back yard, 1,400 square feet and amazing potential. Realtor Michael Giordano at Century 21 Forrester just reduced the asking price by $10k to $154,900. It’s been on the market since July, so low ball the hell out of this sucker.

Granted, 17th and Mifflin is still a bit on the fringe, but if you’re willing to take on a long-term project to wipe the old lady from this house, imagine what it could be worth in 10 years. It’s also only a couple blocks from South Philly Tap Room, and a couple more from East Passyunk, so it’s well-located. And if that ReNewbold project at 16th and Mooreever gets built, it will bring some new cache to the neighborhood. So go for it. And forgive the weird panoramic pictures from the listing.

Yep, we’re wandering into Newbold. Anything you’re curious about over there? Tell us,

4 thoughts on “SoPhilly Spotlight: Newbold Value edition

  • December 14, 2012 at 4:04 pm

    I live right around here. It’s not on the fringe. Newbold extends to 18th Street. That’s a pretty decent block. And you have Brunic’s right there for delicious, greasy luncheonette food.

  • December 14, 2012 at 7:11 pm

    That’s a great location. House is way overpriced though. You can buy a rehabbed home there for 150-160k.

  • December 22, 2012 at 4:46 pm

    “wipe the old lady from this house”?

    Really, that’s tasteless. Someone’s daughter, someone’s mom … someone with a history.

    Have a little respect.

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