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Old 08-27-2014, 08:45 AM
 
Location: Pittsburgh, PA (Morningside)
14,098 posts, read 15,552,005 times
Reputation: 12064

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Quote:
Originally Posted by Goodjules View Post
Excellent points. Prices are going up in Crafton, but home prices are still about half what you'd pay for a similar home in the trendier parts of the East End.
If I was going to buy outside the city, and geography wasn't an issue, I'd look at Bellvue/Avalon. There's simply so many incredible houses up there for cheap with gorgeous original features. This one in particular has me drooling. Even the kitchen is original.
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Old 08-27-2014, 08:50 AM
 
Location: Crafton via San Francisco
3,463 posts, read 4,413,562 times
Reputation: 1595
Quote:
Originally Posted by eschaton View Post
If I was going to buy outside the city, and geography wasn't an issue, I'd look at Bellvue/Avalon. There's simply so many incredible houses up there for cheap with gorgeous original features. This one in particular has me drooling. Even the kitchen is original.
Me too! I wanted to buy there, but there wasn't much available when I was looking. I saw an awesome one about a month ago in Bellevue for $99,000 just a few blocks from Lincoln. I was tempted!
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Old 08-27-2014, 09:29 AM
 
Location: Pittsburgh, PA
618 posts, read 652,402 times
Reputation: 842
Quote:
Originally Posted by eschaton View Post
If I was going to buy outside the city, and geography wasn't an issue, I'd look at Bellvue/Avalon. There's simply so many incredible houses up there for cheap with gorgeous original features. This one in particular has me drooling. Even the kitchen is original.
Those kitchen cabinets and the built-ins are incredible. Looks like a busy street and it's flanked by some pretty large apartment buildings. Those two along with Brighton Heights are definitely worth a look. I'm wondering if that foursquare with the plastic cherubs ever sold...

Another favorite non-budget option: Link
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Old 08-27-2014, 09:48 AM
 
281 posts, read 321,036 times
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Quote:
Originally Posted by eschaton View Post
The very quick flip of Upper Lawrenceville over the last year or so is the most shocking to me. Not that long ago, I wondered if it was going to "turn." Then I became sure it would, but saw that prices there were still more reasonable. All of a sudden this year it broke the $300,000 mark, and you have homes like this, this, this, and this for sale. The first two are okay, but the third seems like it's had little if anything done, and the last looks like a very cheap/generic flip.

The second one, on Holmes Street, was completely original inside until the present owners/flippers did their thing.
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Old 08-27-2014, 09:54 AM
 
1,653 posts, read 1,502,763 times
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I liked the second one the most of the lot, it looked the least remuddled. What did they do?
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Old 08-27-2014, 09:56 AM
 
Location: Stanton Heights
778 posts, read 792,023 times
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I'm hoping the Upper Lawrenceville prices start to creep up to Stanton Heights. I'm going to be trapped in that neighborhood forever (not that I don't love it, but our family is outgrowing our tiny house) unless my house starts to appreciate a little soon.

(Hello, I am new, I've been stalking these threads for a while. Life long East Ender with some brief boomeranging in my mid-20s and early-30s, but I am now here to stay.)
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Old 08-27-2014, 10:22 AM
 
Location: Awkward Manor
2,576 posts, read 2,923,324 times
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Quote:
Originally Posted by Der Schwabe View Post
Those kitchen cabinets and the built-ins are incredible. Looks like a busy street and it's flanked by some pretty large apartment buildings. Those two along with Brighton Heights are definitely worth a look. I'm wondering if that foursquare with the plastic cherubs ever sold...

Another favorite non-budget option: Link
HOLY SMOKE that one at the link!
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Old 08-27-2014, 10:29 AM
 
Location: Pittsburgh, PA (Morningside)
14,098 posts, read 15,552,005 times
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Quote:
Originally Posted by Der Schwabe View Post
I'm wondering if that foursquare with the plastic cherubs ever sold...
See here. Near the top end of Brighton Heights prices, but it should have been. It's an amazing house. I can almost forgive the painted trim in the dining room.

Quote:
Originally Posted by aw_now_what View Post
The second one, on Holmes Street, was completely original inside until the present owners/flippers did their thing.
How sad. I always try to pretend these were remuddled mid-century wrecks before flipping, but I know in some cases that can't be true. I'm glad they at least didn't cover the old pine floors. But why the hell did they bother to remove all the original fireplaces?
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Old 08-27-2014, 10:34 AM
 
Location: 15206
1,860 posts, read 2,444,054 times
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Prices in Stanton Heights are slowly going up, but they aren't going to reach Lawrenceville levels until Suburbs become trendy again. Right now people want convenience and walkability. Stanton Heights and Morningside have definitely benefited from development in Lawrenceville, East Liberty and Highland Park. They just never hit rock bottom in order to call for houses being gutted and totally rebuilt.

A prime example of how crazy Lawrenceville's market has become is the 49th St development that Botero / Moss Architects did. A house over there that sold for high 200's was listed for 90k more a few weeks ago. It had multiple offers and sold for over asking from what I understand.

That's almost 20% appreciation for 2 years straight.

Some houses are selling close to or slightly above 200k in Garfield. East Liberty has a lot of sales in the 300's, flips coming on the market in the 400's and new construction starts that are over 500k. Highland Park has been steady with houses in the 300's, 400's and 500's without a problem. Morningside and Stanton Heights have been struggling to get over 200k except for a few outliers that don't fit the typical architecture in those areas. Friendship has been steady with limited inventory, but houses in the 300's and sometimes the 400's selling rather quickly. Bloomfield's inventory limits the pricing (1/3rd of it is called Friendship), but 200's are no problem there.
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Old 08-27-2014, 10:36 AM
 
Location: Pittsburgh, PA
618 posts, read 652,402 times
Reputation: 842
Quote:
Originally Posted by eschaton View Post
See here. Near the top end of Brighton Heights prices, but it should have been. It's an amazing house. I can almost forgive the painted trim in the dining room.
Agree
Quote:
Originally Posted by eschaton View Post
How sad. I always try to pretend these were remuddled mid-century wrecks before flipping, but I know in some cases that can't be true. I'm glad they at least didn't cover the old pine floors. But why the hell did they bother to remove all the original fireplaces?
It seems like the floors were left out of convenience. Heartbreaking to know that just about every other detail was torn out. While it looks OK on the whole, $350k in Upper Lawrenceville to have glass block in the shower? $40k sale price in 2012. Give me a break.

I don't know why, but to me the kitchen looks especially cheap as well. (I think it's the glossy cabinets and cheap-o looking gray granite)
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