6 multimillion-dollar homes for sale on one of Philadelphia's 'most-desired' blocks – Philadelphia Business Journal – The Business Journals
The more than 6,000-square-foot home at 1819 Delancey is listed at $5.75 million.
Listen to this article 17 min
Six multimillion-dollar 19th century homes are for sale on the same block of 18th and Delancey Place, a rare occurrence along one of the most coveted addresses in Philadelphia.
In 40 years both living on and selling real estate along Delancey Place, Mary Genovese Colvin hasn’t seen this many homes for sale clustered on one block. Delancey Place is thought of as the most exclusive and highly sought-after address in Philadelphia. The 1800 block’s proximity to Rittenhouse Square makes it one of the two “most desired” blocks of Delancey, along with the 2000 block, according to Genovese Colvin, a broker with Compass Real Estate.
Three of the six properties — two of which hit the market in the last week — are listed at more than $5 million and span over 6,000 square feet. The other three range from $2.15 million to $3.95 million. Agents say another home on the block recently went under contract after just a few weeks on the market.
If you’re looking for your Delancey mansion, you might have more choices than ever, but you also may have to act quickly. Genovese Colvin, whose On the Square Real Estate has three of the listings, said she’s had follow-up showings on two of the homes this past week.
Lisa Yakulis, an agent with Kurfiss Sotheby’s International Real Estate, has a 6,600-square-foot, $5.4 million listing at 1830 Delancey. She said activity in the city and the luxury market has begun to pick up, which bodes well for Delancey.
“We’ve had really strong activity,” Yakulis said. “I believe my listing will go under contract quickly.”
While two were recently listed, four have been on the market for months. Genovese Colvin attributed that to a more quiet than normal winter market in Rittenhouse between November and January. Now, she’s seeing renewed interest and a market that “has gotten very active.”
Yakulis also noted that some properties could have previously been listed at a high price point to try to capitalize on a strong housing market coming out of the pandemic, didn’t immediately sell, and are now being re-listed in anticipation of a busier spring market.
The six simultaneous listings is part coincidence and part due to the typical lifecycle of a Delancey ownership. Genovese Colvin said that every 25 years or so, properties in Rittenhouse and Delancey begin to turn over. Each of the owners of On the Square Real Estate’s listings are selling for different reasons, according to Genovese Colvin.
She said often on Delancey, older owners will look to sell their five-level homes to reduce their square footage, reduce the number of steps they need to climb, or simply to move to another state or part of the region.
The homes themselves, however, appeal to wide buyer pools and attract various buyer profiles, both Yakulis and Genovese Colvin said. From families in their 30s to empty nesters, the Delancey homes can fit a number of different lifestyles for those who can afford them. Older couples have an appreciation for the elevators in many of the homes, as well as the history that accompanies the neighborhood and its homes. The large footprints and number of bedrooms can appeal to growing families.
Geographically, the homes are attracting buyer pool from the Main Line, other parts of the city and also out of state.
“It’s nice that people have choices, that’s not usually what happens on Delancey,” Genovese Colvin said. “For those lucky people now, they do have choices in price points and layouts.”
The for-sale homes on the 1800 block of Delancey, all built around the 1860s, stretch either 20, 22 or 29 feet wide. The price in large part depends on its width, according to Genovese Colvin. Elevators, five levels, patio space and kitchens with high-end appliances are essentially the norm on Delancey.
At 1815 Delancey, the home spans 29 feet, but is built in an L-shape with a cutout for a New Orleans-style garden in an alcove behind the house. The five-bedroom, five-bathroom property with a five-stop elevator totals about 5,500 square feet and is listed by Genovese Colvin for $5.25 million.
The exterior.
At 1830 Delancey, a 6,600-square-foot home is 22-feet wide and listed for $5.395 million. It has five bedrooms, six bathrooms, eight fireplaces and a five-stop elevator as well. Like many homes on Delancey, it has the “beauty of the original build and structure,” but has been maintained and updated throughout its lifespan, said Yakulis, who has the listing.
The exterior of the home.
A 20-foot wide, six-bedroom, four-bathroom home at 1829 Delancey is on the market for $2.15 million. It last hit the market 35 years ago and spans close to 4,500 square feet.
Across the street at 1818 Delancey is a three-bedroom, six-bathroom, 4,500-square-foot home that has bounced on and off the market over the past year-and-a-half and is now asking $3.225 million.
A five-bedroom, six-bathroom property at 1805 Delancey sits one house in from the corner of 18th and Delancey. It is 22-feet wide and totals over 5,500 square feet. The property is listed by Genovese Colvin at $3.95 million, a slight price cut from the $4.1 million it listed for in September.
The exterior of the home.
The most expensive home on the block is at 1819 Delancey, where an over 6,000-square-foot home is listed for $5.75 million. The 29-foot wide property underwent a renovation in 2020 and is being marketed by Genovese Colvin’s daughter, Margaux Genovese Pelegrin.
Genovese Colvin said that with three listings for On the Square Real estate, her and her daughter can give prospective buyers different options. Buyers often ask to be shown another listing on the block once they see another “for sale” sign a few houses down.
“We’re the Delancey dolls,” Genovese Colvin joked about On the Square Real Estate. “The [homes] are all different, all different price points, but one is going to sell the other.”
© 2023 American City Business Journals. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated January 24, 2023) and Privacy Policy (updated December 19, 2023). The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American CityBusiness Journals.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Listen to this article 17 min
Six multimillion-dollar 19th century homes are for sale on the same block of 18th and Delancey Place, a rare occurrence along one of the most coveted addresses in Philadelphia.
In 40 years both living on and selling real estate along Delancey Place, Mary Genovese Colvin hasn’t seen this many homes for sale clustered on one block. Delancey Place is thought of as the most exclusive and highly sought-after address in Philadelphia. The 1800 block’s proximity to Rittenhouse Square makes it one of the two “most desired” blocks of Delancey, along with the 2000 block, according to Genovese Colvin, a broker with Compass Real Estate.
Three of the six properties — two of which hit the market in the last week — are listed at more than $5 million and span over 6,000 square feet. The other three range from $2.15 million to $3.95 million. Agents say another home on the block recently went under contract after just a few weeks on the market.
If you’re looking for your Delancey mansion, you might have more choices than ever, but you also may have to act quickly. Genovese Colvin, whose On the Square Real Estate has three of the listings, said she’s had follow-up showings on two of the homes this past week.
Lisa Yakulis, an agent with Kurfiss Sotheby’s International Real Estate, has a 6,600-square-foot, $5.4 million listing at 1830 Delancey. She said activity in the city and the luxury market has begun to pick up, which bodes well for Delancey.
“We’ve had really strong activity,” Yakulis said. “I believe my listing will go under contract quickly.”
While two were recently listed, four have been on the market for months. Genovese Colvin attributed that to a more quiet than normal winter market in Rittenhouse between November and January. Now, she’s seeing renewed interest and a market that “has gotten very active.”
Yakulis also noted that some properties could have previously been listed at a high price point to try to capitalize on a strong housing market coming out of the pandemic, didn’t immediately sell, and are now being re-listed in anticipation of a busier spring market.
The six simultaneous listings is part coincidence and part due to the typical lifecycle of a Delancey ownership. Genovese Colvin said that every 25 years or so, properties in Rittenhouse and Delancey begin to turn over. Each of the owners of On the Square Real Estate’s listings are selling for different reasons, according to Genovese Colvin.
She said often on Delancey, older owners will look to sell their five-level homes to reduce their square footage, reduce the number of steps they need to climb, or simply to move to another state or part of the region.
The homes themselves, however, appeal to wide buyer pools and attract various buyer profiles, both Yakulis and Genovese Colvin said. From families in their 30s to empty nesters, the Delancey homes can fit a number of different lifestyles for those who can afford them. Older couples have an appreciation for the elevators in many of the homes, as well as the history that accompanies the neighborhood and its homes. The large footprints and number of bedrooms can appeal to growing families.
Geographically, the homes are attracting buyer pool from the Main Line, other parts of the city and also out of state.
“It’s nice that people have choices, that’s not usually what happens on Delancey,” Genovese Colvin said. “For those lucky people now, they do have choices in price points and layouts.”
The for-sale homes on the 1800 block of Delancey, all built around the 1860s, stretch either 20, 22 or 29 feet wide. The price in large part depends on its width, according to Genovese Colvin. Elevators, five levels, patio space and kitchens with high-end appliances are essentially the norm on Delancey.
At 1815 Delancey, the home spans 29 feet, but is built in an L-shape with a cutout for a New Orleans-style garden in an alcove behind the house. The five-bedroom, five-bathroom property with a five-stop elevator totals about 5,500 square feet and is listed by Genovese Colvin for $5.25 million.
The exterior.
At 1830 Delancey, a 6,600-square-foot home is 22-feet wide and listed for $5.395 million. It has five bedrooms, six bathrooms, eight fireplaces and a five-stop elevator as well. Like many homes on Delancey, it has the “beauty of the original build and structure,” but has been maintained and updated throughout its lifespan, said Yakulis, who has the listing.
The exterior of the home.
A 20-foot wide, six-bedroom, four-bathroom home at 1829 Delancey is on the market for $2.15 million. It last hit the market 35 years ago and spans close to 4,500 square feet.
Across the street at 1818 Delancey is a three-bedroom, six-bathroom, 4,500-square-foot home that has bounced on and off the market over the past year-and-a-half and is now asking $3.225 million.
A five-bedroom, six-bathroom property at 1805 Delancey sits one house in from the corner of 18th and Delancey. It is 22-feet wide and totals over 5,500 square feet. The property is listed by Genovese Colvin at $3.95 million, a slight price cut from the $4.1 million it listed for in September.
The exterior of the home.
The most expensive home on the block is at 1819 Delancey, where an over 6,000-square-foot home is listed for $5.75 million. The 29-foot wide property underwent a renovation in 2020 and is being marketed by Genovese Colvin’s daughter, Margaux Genovese Pelegrin.
Genovese Colvin said that with three listings for On the Square Real estate, her and her daughter can give prospective buyers different options. Buyers often ask to be shown another listing on the block once they see another “for sale” sign a few houses down.
“We’re the Delancey dolls,” Genovese Colvin joked about On the Square Real Estate. “The [homes] are all different, all different price points, but one is going to sell the other.”
© 2023 American City Business Journals. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated January 24, 2023) and Privacy Policy (updated December 19, 2023). The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American CityBusiness Journals.
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
