A City Address With All The Cachet, Less Of The Cost

Posted: October 11, 1991


Chestnut Hill section

of Philadelphia

Phone: 215-242-0333

Robin Karman, president of Mid-Atlantic Sales & Marketing Inc., said that although the location was ideal - the area has the lowest car-insurance rates in Philadelphia, is among the safest city neighborhoods, and is within walking distance of two train stations and a shopping center - there were other reasons that 26 homes already had been sold at The Cobblestones.

Price is one reason. The 1,600- to 2,000-square-foot, two-story units cost $95,990 to $108,990, with all allowable closing costs paid by the seller. The association fee is $79 or $83 per month, depending on the model. But, for agreements signed by Nov. 27, the seller will pay three years of condominium fees, Karman said.

The condominium fee covers snow and trash removal, landscaping, exterior maintenance and insurance, as well as water and sewer costs.

Another reason for looking into The Cobblestones is an abundance of features. Standard in each home is a refrigerator/freezer, a dishwasher and garbage disposal, and a full-size washer and dryer (located on the first floor of the three-bedroom model and on the second floor of the two-bedroom). About three-quarters of the homes include a fireplace as standard.

The homes also have both front and back exterior doors.

Topping off every home is a pressure-treated wooden roof deck. Depending on the model, the decks provide 192 or 287 square feet of extra, private space for sunning and relaxing.

The windowed landing leading to the roof deck in the two-bedroom Essex model opens to the cathedral-ceilinged master bedroom, providing another source of natural light for the bedroom. In the three-bedroom Regency, Bedrooms Two and Three have the advantage of cathedral ceilings and light from the landing.

The Cobblestones, built about 12 years ago as condominiums, became rental properties about 10 years ago, Karman said. She added that Mast Property Inc. recently gutted the 64 homes on the 4.5-acre site and completely rebuilt the interiors.

Mast Property, which has its headquarters in New York, is building residences in New York and Florida as well as shopping centers all over the country, according to Karman. The Cobblestones at Chestnut Hill is Mast's first residential venture in Pennsylvania.

Half of the homes will have two bedrooms and 1 1/2 baths, and the rest will have 3 bedrooms and 2 1/2 baths.

Name: The Cobblestones at Chestnut Hill.

Type of housing: Condominium townhouses.

Builder: Mast Property Inc.

Number of units: 64.

Price range: $95,990 to $108,990.

Styles: Contemporary.

Bedrooms: Two and three.

Baths: 1 1/2 to 2 1/2.

Construction: Frame on slab; masonry walls between units; stucco siding.

Heating: Gas hot-air.

Air conditioning: Central.

Fireplace: Standard in 60 percent of the units.

Garage: None. On-site, off-street parking.

School district: Philadelphia.

Estimated taxes: $1,008 to $1,368.

Insulation*: Walls, R-14; ceiling, R-14.

Floors: Wall-to-wall carpet in living areas; no-wax sheet vinyl in kitchen and powder room; ceramic tile in baths.

Extra-cost options: Marble fireplace (where applicable); upgraded flooring, cabinets and appliances; enclosed roof deck; tile and paper wall treatments.

Shopping: Shopping center with market and shops of Chestnut Hill, in walking distance.

Public transportation: Chestnut Hill East and Wyndmoor train stations, in walking distance.

Hours: 10 a.m. to 5 p.m. Monday through Friday; 11 a.m. to 6 p.m. Saturday and Sunday.

Directions: From Center City, take the Schuylkill Expressway west to Lincoln Drive. Go 3.4 miles to Emlen Street and turn left. Go 1.6 miles to The Cobblestones - about 0.5 miles past Germantown Avenue. (Emlen Street becomes Cresheim Valley Road at some point.)

* Recommended insulation standards for this area are: R-30 ceiling and R-19 walls. The higher the R factor, the better the insulation.

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