Wednesday, January 3, 2018

A Lone Log Cabin in the Middle of Philly Attracts All Kinds of Attention

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As one of America’s oldest cities, Philadelphia is no stranger to the Colonial era. However, the housing stock of modern, glossy condos and townhouses in the center of the City of Brotherly Love don’t necessarily reflect the town’s history—except for a lone log cabin that just went on the market.

Listing for $639,000 with listing agent Lisa Silveri of Agency Real Estate Partners, the one-bedroom, one-bath cabin was built in 1985 by local artist Jeff Thomas. Silveri says listing photos of the home are scant to maintain the artist’s privacy and added that the home’s being sold as is.

Located in the Northern Liberties neighborhood, where the median listing price is $489,900, properties for sale on the same street run considerably less (listing prices are between $252,000 and $638,000, with most under $400,000).

The Edgar Poe House is a few blocks to the south. “Many $900,000 townhouses now surround it,” says Silveri. According to the Philadelphia Inquirer, the cabin’s square footage is a tiny 1,000 square feet, but there’s room to expand on the 2,500-square-foot lot.

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Given Philly’s pedigree—after all, this was once the country’s capital and its history dates to 1682—are there other log cabins in the city?

“No, not even close,” says Silveri when we inquired about any other rustic housing stock lurking in the city. “This is a real log cabin. When (the owner) built it, he had a vision. I believe it embodies his connection to nature. Both (he and the home) have a calm, creative vibration. The house is much more than a curious dwelling. It is a testament to having a vision.

“He had the logs brought in,” says Silveri, and learned from his experience building a log cabin in West Virginia. “He wanted to replicate that feeling (from the first house). He is a very forward-thinking man, and that comes across in his art, too.” Included in the home are two wood-burning stoves, running water, and electric baseboard heating.

Thomas, who currently resides in the cabin, “is at a point in his life that he wants to transition and this makes it easier,” says Silveri. “He understands it as an opportune time to sell.”

Silveri has received a lot of interest in the property, despite the lack of photos and detailed information in the listing. One reason is the precious real estate the property sits on. The neighborhood used to be “a fringe area,” she says, but is being revitalized. “From the first tour, I have been bombarded with investors from all over,” she says.

The post A Lone Log Cabin in the Middle of Philly Attracts All Kinds of Attention appeared first on Real Estate News & Insights | realtor.com®.



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