A reader gave us the heads up that a hole had appeared on Wharton Street in Pennsport, directly behind four newish construction homes. When we made our way over to 1301 S. Philip St., we noticed that the forms were already in place, indicating that foundations would be getting poured in short order. Here, take a look at what this parcel looked like before:
In the past
And now, for some more current images, snapped yesterday:
Something is definitely cookin'
Slightly closer look
The owner of record for these lots is HB Real Estate LLC, which is also the party that owns three of the four newish construction homes we mentioned above. While you might think that this is the developer, it’s in fact the real estate division of Hyperion Bank, which took both the homes and the Philip St. parcel back from the developer earlier this year. From what we understand, the bank has sold the lots that are currently under construction, and is in the process of selling off the homes. Two of the three bank-owned homes are currently under contract, listed in the mid-$400K’s.
The homes fronting 2nd St.
We’re guessing that the Philip St. lot went to zoning at the same time as the homes on Wharton St., and we’d imagine that the new owners will simply follow the already-approved plans. That means four homes are being built at this location, and each home will have an interior garage space. The homes will have four bedrooms, three full baths, and two half-baths. Expect a little over 2,600 sqft of interior space and a roof deck, with very small rear yards.
Within a two block radius, this area has seen a ton of new residential development in the past several years. To see a new project get underway is encouraging, as several developers struggled to move their properties and others had to delay additional phases to projects. Hopefully, these new homes will sell briskly, just like the houses next door.