Last year in Point Breeze, the group Point Breeze Organizing Committee staged a march and rally on Point Breeze Avenue to protest the real estate community in general and in a disjointed Occupy-style, a “people first” development model to replace it.
Well, I think it’s clear what People First Development means in the eyes of one PBOC anti-gentrification activist.
Dina Yarmus who is believed to be the girlfriend of fellow PBOC activist Gary Broderick purchased 1705 Titan Street, a non-offensive 2-story house with absolutely no gentrifying roofdeck for the small sum of $120K.
Three years to the day after she bought the place, she has now listed it up for sale for $234K, which is 195% of the original sale price.
Dina’s listing agent describes the house:
Beautiful, recently renovated townhome situated on one of the HOT blocks in South Philly’s Point Breeze. This fabulous 3 bedroom or 2 bed/office home features a spacious open main floor layout, a large master bedroom with master bath, bamboo hardwood floors throughout, aesthetic recessed lighting throughout, large eat-in kitchen with lovely wood cabinets, a main floor powder, and a large back patio. Just recently installed: top of the line new granular rubber roof with 15 year warranty, central air, ADT alarm system, and ceiling fans.
To compound the irony further, Ms. Yarmus’ house is a 2 story as is much of the rest of Point Breeze. While the Office of Property Assessment does not compare two story homes against three story homes, they certainly do comparables between adjacent two story homes even if one house is original and the other is a recent renovation.
If Ms. Yarmus settles for $234K or even higher than that upon closing, her sale will certainly have a faint echo on what the value of a Point Breeze two story rowhome actually is, at least one that has been renovated.
Of course, if she does close on that listing price or even higher than that, I am probably certain she’ll react more this way:
Maybe she’ll donate her profit to her neighbors on her block who will eventually get reassessed upwards after she moves out.Tags: Gary Broderick | Point Breeze "Organizing" Committee | Dina Yarmus