Moyer Indoor/Outdoor Set to Demolish Reliance Inn

The HVAC company in Souderton purchased the property in October. The demolition is needed for better truck traffic to its feed mill

Moyer Indoor/Outdoor is set to demolish the Reliance Inn, which was recently purchased by the HVAC and pool maintenance company. According to Theresa Hegel of PhillyBurbs.com, the former restaurant and inn at East Reliance Road and South Fourth Street will be demolished by the beginning of February. Moyer Indoor/Outdoor purchased the property for $290,000 in October, according to Montgomery County records. The reason for demolition: Better truck traffic to Moyer Indoor/Outdoor’s feed mill, according to the article. The three-story building was built in 1882. When Moyer Indoor/Outdoor owner David Moyer was asked by Hegel about preserving the building, Moyer said his company has been around longer, even before Souderton was incorporated. …

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House Hunt

Patch takes a look at your next Home Sweet Home!

2039 Oak Avenue Hatfield, PA 19440 $239,900 MLS 6020176 4 bedrooms, 1 bath Listing Agent:  Connie Schaffer New listing!  Charming brick cape.  Hardwood floors in great condition throughout.  Plaster walls, arched doorways, wooden doors with brass knobs and vintage touches.  Great potential to increase value with a few upgrades such as adding a second floor bath which would be easy to do.  New stainless steel range in eat in kitchen.  Square footage in public records does not include two good-sized second floor bedrooms.  Established trees on a half acre lot.  Oversized garage with opener. Full basement with bilco doors.  Cost saving PP&L electric.  Pretty area with no through streets.  Convenient to train, shopping, etc.   860 Lucon Road …

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Supervisors Agree to $5.5M Seven-Year Reset Loan in 3-1-1 Vote

The loan would be used to finance a property purchased for a future community center

Supervisors voted 3-1-1 this month to accept a financing agreement with Univest for a $5.5 million, 20-year reset loan, at a rate of 2.55 percent fixed for seven years, with the rate resetting every seven years at 67 percent of the prime, in order to finance a $1.5 million property purchased across the street from the administration building that could be the future site of a community center. The financing would also cover the cost of the Zehr property adjacent to William F. Maule Park at Windlestrae, which the township remains in litigation over with the Zehr family. The township purchased the land at Stump Road and Horsham Road a month ago, after it went into foreclosure. The property was owned by Univest. The vote went against the …

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Get Real

Are We at the Bottom Yet?

Getting a great deal on a home is not just about the price of the home, but more about the costs to purchase

You’ve read and heard a boatload of news on current home prices. Each time you hear it you’re wondering whether we’ve reached “the bottom.” Sound the gong!  Someone said “the bottom”!  In our region, many experts believe we are near bottom prices, if not already there.  One of the ways this is determined is to look at the percentage of distressed properties on the market.  A distressed property is defined as a home in foreclosure or that is bank owned. It is these kinds of homes that bring down the value of non-distressed properties. In Pennsylvania, the distressed property rate is 17 percent, as of last month.  We are in better shape than most states.  Only Iowa, New Mexico, South Dakota and Alaska have fewer distressed properties.  That …

Lansdale Parking Authority Realigning Parcel Ownerships

The Lansdale Parking Authority has begun cleaning up property disorganization in the borough

Ever hear of the Lansdale Municipal Authority? Neither has Lansdale Borough Council. Yet Lansdale Municipal Authority owns four properties – three of which are not in Lansdale Borough. According to Montgomery County public land records, the Lansdale Municipal Authority has two addresses: one at 421 W. Main St. and another at 2225 Kriebel Road. The first is the location of District Court 38-1-28 – the former home of Lansdale Borough Hall – and the second is the location of the Upper Gwynedd-Towamencin Municipal Authority in Towamencin Township. Furthermore, the Lansdale Parking Authority owns property that has nothing to do with parking – like White’s Road Park. In converse, Lansdale Borough owns parcels that deal with parking. The real …

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