Price of 7 houses at 1840 S. Camac St. spiked about $100k in the last year – and they’re not even built yet
A seven-home development called Passyunk Point, which is replacing the demolished Mancini catering hall at 1840 S. Camac St., has gone on the market with pre-construction prices of $459,000 to $525,000.
Back in July 2013, here’s what we reported when developer Steven Savitz proposed the project to the East Passyunk Crossing Civic Association’s zoning committee:
Prices for the new houses haven’t been set yet, but Savitz predicted the range to be $325,000-$475,000.
Not too shabby, huh? In the meantime, we were able to get a hold of some renderings of the project.
![This is the view from Iseminger Street.](https://passyunkpost.com/wp-content/uploads/2014/09/1840-Camac-640x364.jpg)
![And the view from Camac](https://passyunkpost.com/wp-content/uploads/2014/09/1840-Camac2-640x437.jpg)
Only one of the houses will front Camac, two others will front Iseminger Street at the back, and the four remaining will be accessed by a communal walkway that cuts through the development. The homes range from 2,157 to 2,800 square feet, and the two facing Iseminger include a garage.
Quite a change over the dated catering hall that had been there:
![This place used to be a nuisance, with parties going past midnight on Sundays](https://passyunkpost.com/wp-content/uploads/2013/07/Mancini-2-640x426.jpg)
![What used to be on the Iseminger side](https://passyunkpost.com/wp-content/uploads/2013/07/mancini-1840-artisan-004-640x426.jpg)
And here’s a taste of how far along they are:
![View from Camac](https://passyunkpost.com/wp-content/uploads/2014/09/1840-S.-Camac-St-4.jpg)
![Again from Camac, a little closer](https://passyunkpost.com/wp-content/uploads/2014/09/1840-S.-Camac-St-3.jpg)
![And a couple from Iseminger.](https://passyunkpost.com/wp-content/uploads/2014/09/1840-S.-Camac-St-2.jpg)
For some more information, check out the listings for Unit B (a middle unit) and Unit F (the biggest).
The ones facing Iseminger Alley are gonna have a pretty dumpy view unless they clean up the backs of those businesses too. There is a ton of unruly wires, graffiti, etc. I wonder if the developer will be working on that?
So the developer thinks they will sell for 100,000 more why? They aren’t even built yet and a house is only worth what someone is willing to pay. In comparison to the comps this sounds like a pipe dream