Do you buy in Bustleton and Somerton?
Yes. Bustleton, Somerton, and Fox Chase are some of our better markets in the Northeast — the houses are newer and the repair needs are usually manageable.
Neighborhood · 19111 · 19115 · 19116 · 19136 · 19149 · 19152 · 19154
We buy houses in Northeast Philadelphia.
The Northeast is full of 1950s and 1960s homes owned by longtime Philly families. Most of our Northeast sellers are in their 60s or 70s, ready to downsize or move closer to grandkids. We make it simple for them.
Where & What
About Northeast Philadelphia
Northeast Philadelphia is huge. It covers seven zip codes and includes Bustleton, Fox Chase, Rhawnhurst, Mayfair, Tacony, Holmesburg, Somerton, and a dozen other named neighborhoods. What connects them is the post-WWII housing boom that built most of the Northeast between 1945 and 1970.
These are the neighborhoods where a lot of Philly families moved out of rowhome South Philly and Kensington in the 1950s looking for yards, driveways, and a little more room.
Housing Stock
What the houses look like
Northeast housing is mostly 1940s-1970s split-levels, ranches, and brick twins. Typical sizes run 1,200 to 1,900 square feet. Most have 3 bedrooms, 1-2 baths, a finished or semi-finished basement, and a detached or attached garage.
Condition is often the best of any Philly neighborhood we buy in. Many Northeast homes have been maintained well by the original or second owners. Repair budgets on the Northeast houses we buy usually run $20,000 to $45,000 — updated kitchens, updated baths, new windows, maybe a roof.
Who Calls Us
Common seller situations in Northeast Philadelphia
The dominant Northeast pattern is aging-in-place homeowners ready to downsize. Couples in their 70s who raised kids in a 3-bedroom Mayfair twin and now want a 1-bedroom condo or to move in with a daughter in Jersey.
The second pattern is inherited homes. Parents passed away, and now adult children who moved to the suburbs have a Northeast twin they don't want to manage.
The third pattern is relocation. Northeast homeowners with jobs that moved out of state, or retirees moving south, who need to sell fast.
Offer Math
What we pay in Northeast Philadelphia
Northeast ARVs are higher than most Philly neighborhoods because the housing stock is newer, larger, and usually in better condition. A renovated split-level in Bustleton can hit $400,000. A smaller twin in Mayfair or Tacony might land at $250,000.
Our typical Northeast offer runs $130,000 to $260,000 cash. Because the houses usually need less work, our offers land higher as a percentage of ARV — often 50-55%.
Related
Common situations in Northeast Philadelphia
Nearby
Adjacent neighborhoods
Northeast Philadelphia Questions
Questions we get about Northeast Philadelphia
My house doesn't need much work — are you still the right buyer?
Maybe not. If your Northeast home is in good condition and you can wait 3-4 months, an agent listing will probably net you more money. We'll tell you straight on the call.
Can you close fast if I need to move by a specific date?
Yes. We've closed Northeast houses in 14 days when sellers needed it. Pick the date, we'll make it work.
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