Philadelphia’s Queen Village, A Neighborhood Of Reinvention

English: Map of Philadelphia County highlighti...

English: Map of Philadelphia County highlighting planning districts (Photo credit: Wikipedia)

Way back when, Queen Village was the place to buy a house if you couldn’t afford Society Hill.

Joseph P. Fanelli Jr., who moved from the suburbs in 1985, readily acknowledges that Queen Village was his second choice.

“But looking at it today,” says Fanelli, president and CEO of Quaker City Manufacturing Co., the new townhouse in the 100 block of Catharine Street he bought 28 years ago for $175,000 “was a great buy.”

It was a lot of money in 1985, especially when you could buy what veteran real estate agent and Queen Village native Kathy Conway calls “a grandmom house” for $50,000.

Twenty years later, Fanelli sold the townhouse and its two secure parking spaces for $575,000. (He moved to a house on Bainbridge Street that his new wife, Katie, an IBM executive, bought when she transferred to Philadelphia.)

Read more: http://www.philly.com/philly/classifieds/real_estate/town-by-town/20130421_Town_By_Town___Queen_Village__By_the_Numbers.html