V2 Properties Newsletter Volume 10, Issue 7

July 2020
Exponential Insights

Properties At A Glance

  • 3
    Currently Under Contract
  • 25
    Awaiting Building Permits
  • 11
    Sold In Last 30 days
  • 0
    Scheduled To Sell In Next 30 days

Looking Forward to the 3rd & 4th Quarters—2020

Much more to accomplish in 2020

It’s hard to believe we are already into the second half of 2020. I think just about everyone would agree the first half of 2020 is one we are happy to put behind us, with that being stated we are looking forward to a challenging and very productive 2nd half of 2020.

We are already off to a good start, over the past 30 days we put another eleven houses under contract and leased out three of our rental units. We are getting close to putting a few more houses under contract as well.

The real estate market continues it’s strong recovery since the shutdown ended. As everyone knows, interest rates remain at an all time low and housing inventories remain very low as well. There are definitely a lot of people looking for new homes and we are in a great position to capitalize on the demand for housing in the second half of the year.

While we are excited about the opportunities in front of us, we know there will be challenges ahead. We are all still dealing with the daily impacts of the COVID crisis and how that will impact us as a society in the coming months.

There are also changes coming to the Philadelphia tax abatement process which are still scheduled to be implemented in January 2021. We are working hard to get as many building permits approved by the city in 2020 as possible which will allow our future home buyers to take advantage of the full current tax abatement structure.

Vince Viney, Founder and President

Press links

Featured project: 2444 Ingersoll Street

Neighborhood

Sharswood

Listing Price

$335,000

Features

  • 9’ ceilings in master
  • 8’ ceilings in basement
  • 9’ ceilings in main living area
  • Upgraded wide trim package
  • Technology package
  • Tax abatement
  • Tiled kitchen backsplash
  • Upgraded lever style interior door knobs
  • Kitchen island
  • Kitchen undercabinet lighting
  • High energy efficient HVAC system
  • Quartz Counter Tops in Kitchen
  • Premium wood laminate floors throughout
  • Gas hot water heater
  • Laundry room
  • Pre-wired sound system on roof deck
  • Fiberglass roof deck
  • Brick façade
  • Fenced rear yard
  • Ceiling fans in all bedrooms
  • Master bedroom trey ceiling with ambient lighting
  • Beds
  • Frameless shower door in master bath
  • Bath tub
  • Baths
  • Double vanity in master bath room
  • Optional 4th bedroom / recreational room
  • Full finished basement
  • Wet bar
  • Gas fired heating system

Description

1,900 sq. ft. new construction home with approved 10-year tax abatement. Built by V2 Properties, Philadelphia’s Premier Home Builder. Some spectacular features include a rooftop deck with wet bar on the landing, rear yard, granite kitchen, hardwood floors throughout, great technology and more. Wide trim package through home, elegantly tiled baths, a full 3rd floor master suite spacious closets, and private spa-inspired bathroom. This home also has a finished lower level with tile flooring perfect for a 4th bedroom or 2nd living room. The front facade is brick with a designer standing seam metal sided accent panels and iron railing. The exquisite kitchen which has beautiful cabinets, granite counters, granite island with pendant lighting above, a tile backsplash and quality stainless steel appliances! All of the bathroom vanity counter-tops are granite or quartz. The master bedroom includes a trey ceiling with crown molding illuminated with accent lighting. Tech includes: built in speakers, video doorbell, nest thermostat, alarm system, and full home automation compatibility. Top quality new construction home at a very reasonable price, built by the city's premier home builder! Super low taxes. Also, Builder warranty included by a builder with proven reputation of standing behind their warranty!!

Where Are Our Projects

0
In the Pipeline
1
Phase 1 - Foundation & Framing
2
Phase 2 - Mechanicals & Insulation
3
Phase 3 - Final Finishes
4
On the Market
4
Under Contract

Phase 1

Phase 2

Phase 3

Under Contract

On The Market

In The Pipeline
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