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Category Archive for: ‘Coatesville’

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June 2009 Real Estate Market Update for Coatesville, PA 19320 Comments Off

Interpretation for the Coatesville, PA 19320 real estate market update: Coatesville has been the hardest hit area of Chester County, but luckily, the trends are showing some positive numbers. Start with the fact that the average Days On Market down by 16% compared to a year ago. Last month saw a decrease of 17% in the average time it took to sell a home in Coatesville. In addition the number of pendings is up 25% from 2008 and the average settled price saw an increase of 3%. Coatesville isn’t out of the woods yet, but there is some light showing.

Here are some Highlights:

  • All numbers are up, when comparing to last month, with the number of solds being the most significant at 34%
  • DOM are down, for the second month in a row, by 16% from last year
  • Average sale price actually WENT UP by 3% from $206,793 to $212,538
  • Number of pending homes were up by 25%

Here are the details:

June 2009 May 2009 % Ch June 2008 % Ch
Avg DOM 69 68 +1.5% 82 -16%
Orig. List $ $244,419 $230,505 +6% $233,610 +4.6%
Sold List $ $223,113 $216,696 +3.2% $219,986 +1.8%
Avg Settled $ $212,538 $207,479 +2.4% $206,793 +3%
List To Sale Ratio 95% 95.75% +.75% 94% +1%
# Pending 55 49 +11% 44 +25%
# Sold 58 43 +34.8% 59 -1%

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Technorati Tags: 19320, Coatesville, Market Statistics, Market Stats, Statistics

Posted on: 07-10-2009
Posted in: Chester County, Coatesville, Market Update, Monthly Update

South Coatesville looking to fill Planning Commission vacancy Comments Off

The South Coatesville Planning Commission is looking for resident candidates who might like to be appointed to this board. The Planning Commission members meet on the second Monday of each month at 6:30 P.M. to conduct their business. Interested persons may submit their resume to the Borough of South Coatesville at 136 Modena Rd, Coatesville PA 19320.

Source: Daily Local; 6/2/09

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Technorati Tags: 19320, Coatesville, community

Posted on: 06-29-2009
Posted in: Chester County, Coatesville

City OKs plans for The Flats – The Daily Local News : Serving Chester County Comments Off

City OKs plans for The Flats – The Daily Local News : Serving Chester County

This is a view of The Flats at the former G.O. Carlson metal polishing facility off Lincoln Highway. Staff photo by Amy Dragoo

COATESVILLE — City council unanimously approved both projects for The Flats Monday night — Chetty Builders’ proposed 98 townhome development and Mosaic Development Partners planned shopping center.

Prior to the vote on Mosaic’s plan, City Councilman Ed Simpson bluntly told the audience how difficult it has been to attract developers to the site.

“People are not banging down the door. This property has been put out to bid at least twice over the last six years and no one has stepped forward with a plan,” said Simpson.

City Manager Harry Walker agreed.

“Over the last three years, the Redevelopment Authority put together a request for qualified developers and a request for proposals and from that we got one developer. We negotiated for nine months and they were unwilling to pay anything for The Flats,” Walker said.

Mosaic is paying $2 million for the southern half of the 26-acre former G.O. Carlson site just north of West Lincoln Highway and west of Route 82 next to the Brandywine Creek.

Council President Marty Eggleston said he has been one of the biggest skeptics of Chetty Builders.

“We finally go the information we asked for,” Eggleston said following the vote.

Councilwoman Patsy Ray echoed Eggleston’s comments.

“I’m not a big fan of Chetty, but after looking at the research. We need to bring something to Coatesville. One project comes, others will follow,” said Ray.

While Chetty did not give a presentation Monday of his project, the principal owners of Mosaic, Leslie Smallwood-Lewis and Gregory Reaves, presented a plan called Stone Bridge Crossings for the site.

The biggest attraction is a proposed Fresh Grocer supermarket for the site. Officials from Fresh Grocer had visited Coatesville and were interested. One reason for that, said Small-Lewis, is that the company already has a lender for the $26 million project — the nonprofit, Philadelphia-based company Re-Investment Fund.

Simpson questioned the developer what would happen if they got control of the land and were not successful.

With the approval, the developer will give a deposit but there won’t be a deed to the land transferred to them.

“If we find that this doesn’t work, the land will go back to the RDA,” said Smallwood-Lewis.

Many residents who spoke during the public comment period before the vote were suspicious of Mosaic. One citizen said the company had no proven track record and urged council to wait for another developer. Supportive of Chetty Builders were several residents, including Nancy Potts, who lives at Millview, one of Chetty’s developments.

“I want to put my support behind Mr. Chetty,” Potts said, then added that residents at Millview have been waiting years for him to finish the development.

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Technorati Tags: 19320, Coatesville, Real Estate News

Posted on: 06-22-2009
Posted in: Chester County, Coatesville

840 Doe Run Rd, East Fallowfield, Coatesville, PA 19320 Comments Off

840 Doe Run Rd., East Fallowfield, Coatesville, 19320

View more photos & get the details for 840 Doe Run Rd., East Fallowfield, PA 19320!
Own a part of History in this lovely, circa 1835 Historic, 4 Bedroom, 2 bath Colonial Home for sale,  loaded with old world charm and updated to suit modern day living conveniences. Known as the ~John Butler House~, this home has historical links to the ~underground railroad~. This home features 4 Bedrooms and 2 Baths. First floor has a Living Room with a gas fireplace & hardwood floors; Dining Room with gas fireplace & H/W floors; an enclosed porch with double sliders. The updated Eat-in Kitchen with newer cabinets also has H/W floors; a full Bath with stall shower and tile flooring and a newer mudroom with built-in cabinetry and tile flooring. The second floor features a newer master bedroom (currently being used as an office); three additional bedrooms and a shared Hall Bath with classic claw foot soaking tub. Many upgrades and additions including replacement of some of the windows. A detached & oversized two Car Garage that has plenty of room for a workshop, car enthusiast, etc.

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Technorati Tags: Coatesville, East Fallowfield, Home For Sale, Listing

Posted on: 06-11-2009
Posted in: Chester County, Coatesville
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