A — August 30 - September 12, 2013 — Mid Atlantic Real Estate Journal www.marejournal.com M id A tlantic R eal E state J ournal A uctions Max Spann Real Estate looking for buyers for remaining properties Archdiocese of Philadelphia raises $2.5 million in first-ever multiple site property sale
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HILADELPHIA, PA — The Archdiocese of Philadelphia’s first-
properties, a school and its neighboring convent in North Philadelphia, remain on the market. Here are the detailed auction results: • St. Bartholomew Convent - 5500 Harbison Ave., Phila. 19124 – Sold for $280K • St. Michael Business School - 1504-1506 N. 2nd Street, Phila. 19122 – Sold for $363K • Our Lady of Hope Convent - 3531-3535 N. 19th Street, Phila. 19140 – Sold for $118K • One acre residential parcel - Mill Road Circle, Rydal, PA 19046 – Sold for $357.5K • 48 acre rural residential parcel - 5800 Wismer Rd., Plumstead, Bucks County, PA 18947 – Sold for $860K (sold before auction) • 29.55 acre commercial
parcel - 570 Shelly Rd., Har- leysville, PA 19438 – Sold for $530K (sale completed after the auction) • All Saints School and All Saints Convent - 4623 and 4629-4635 E. Thompson Rd, Phila. 19137 Not sold The Plumstead and Har- leysville properties are owned by the Archdiocese, which will receive the proceeds. The other properties sold are owned by parishes so those proceeds will go directly to the parishes and not the Archdiocese. “We got our asking price on all of the properties sold,” said Deacon Thomas Croke, director for real estate services of the archdiocesan Office for Proper- ty Services. “The properties are finally starting to move. Folks are starting to get an interest in our properties.” n
ever multiple-site property auction (held on July 24th) got off to a fast start when a property in Bucks County sold even before the actual bidding began. A 48-acre rural residential-zoned parcel owned by the Archdiocese at 5800 Wismer Rd. in Plumstead sold for $860,000. Another $1.65 million was raised through the auctioning of five other sites, bringing the total raised to just over $2.5 million. Max Spann Real Estate and Auction Co., which conducted the auction, has agreements on all properties that were placed up for auc- tion with the exception of a final pair of adjoining proper- ties in Philadelphia. Those
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