Six multimillion-dollar homes on one of Philly's most prestigious blocks are for sale. And Philly sheriff sales of tax-delinquent abandoned properties and vacant lots could restart by July.
Just off of Rittenhouse Square sits one of the most prestigious blocks of real estate in Philadelphia.the fancy features they offer.It’s rare for six houses on one of its blocks to be on the market at the same time. But that’s what’s happening on the 1800 block near Rittenhouse Square.
The three-year pause in these sales has increased tax delinquency and left abandoned properties to deteriorate. Potential buyers who want to rehab or redevelop properties aren’t able to. And the city is missing out on millions of dollars that could go to building affordable homes, as noted by Mayor Cherelle L. Parker.
You probably did. But some home sellers complained about being expected to pay high fees and blamed the National Association of Realtors and associated brokerages. So sellers sued NAR. Last Friday, the association announced it had reached a settlement agreement.
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