The buyers: Cameron LaFreniere, 29, software engineer
The house: a 1,260-square-foot rowhouse in Point Breeze with three bedrooms and 2½ baths, built in 1925.
The price: originally listed for 350,000; sold for $340,000
The agent: Rachel Shaw, Philly Home Girls
The ask: Cameron LaFreniere was looking for a new city to call home and wanted to escape the stress of renting. Originally from Rhode Island, he considered settling down in Providence, but decided on Philadelphia because “the prices are significantly lower,” he said. It’s also easier to get around without a car, which was important to him.
He wanted a house that could be big enough for a family one day. “Basically something that could be a forever home if I wanted it to be,” he said. His budget was between $275,000 and $400,000, and he was only interested in historic rowhouses.
“I would much rather have an old build that’s well taken care of,” said LaFreniere, “because they’re often much more cost-effective in terms of maintenance.” He wanted something recently updated with multiple bathrooms, space for a home office, and within biking distance of Center City.
The search: LaFreniere began his search in December 2024 and spent months scouring South Philly for the perfect place. “I probably walked at least a third of South Philly,” he said. “I just really wanted to get a feel for the area. It’s one thing to look at something online; it’s another to experience it for yourself.”
Across multiple weekend trips, LaFreniere looked at 25 properties, including eight on the final day of his search. He looked at a few places in Wharton Square and one in Graduate Hospital. He also saw one that was one street over from the house he ultimately bought — it cost $20,000 more. “It had nicer floors and was staged,” he said. As for the house he wanted, “there wasn’t much competition,” LaFreniere said.
Or it may have something to do with its location. “Point Breeze is a balanced market,” said LaFreniere. “There is a good amount of supply and places being fixed up. It’s a first-time buyer’s ideal situation.”
The appeal: LaFreniere liked that the house had been updated in 2017. It has central air and heat and the “quality of the kitchen is fantastic,” he said. At the same time, it still has several of its original features, like the staircase. “It’s the best of both worlds,” said LaFreniere.
The deal: On the afternoon LaFreniere visited, the seller had just dropped the price by $10,000. He decided he wanted it a few hours later and offered the new asking price of $340,000. There weren’t any competing offers, and the seller accepted.
LaFreniere was concerned about the floors, which he described as “a little beat up,” and asked for money to replace them. The seller said no but agreed to cover $3,000 of whatever issues the inspection turned up.
The money: LaFreniere had $30,000 to spend on the purchase of his home. “I saved this from working in a tech career for the past six years,” he said. It wasn’t always easy. He had significant student loans to pay off as well. To help keep costs down, he lived with roommates.
Of that $30,000, LaFreniere used $10,200 for a 3% down payment. Because he lived in an eligible census tract, he qualified for community reinvestment financing through OceanFirst’s HelpingHome loan, which allowed him to skip private mortgage insurance and lowered his interest rate from 7% to 6%. It also covered $6,000 of his closing costs.
The move: LaFreniere didn’t want to lug a bunch of stuff to Philadelphia from Providence, so he donated most of his furniture and half his belongings to local charities and thrift stores. He didn’t hire movers or rent a car. He took the train instead. Come moving day, all he had was a suitcase full of clothes and his bicycle, which he brought with him on the Amtrak. He moved in on June 25.
Any reservations? LaFreniere says he doesn’t have any regrets. “I knew what I was getting into,” he said. Certain parts of homeownership, like “how to do the trash,” were new to him but didn’t take long to figure out. The only thing he has had to contend with since moving in is cockroaches. But that was just once. “No recurrent pest problems,” he said.
Life after move: LaFreniere spent the last of his savings, about $10,000, on furniture. “I basically moved with nothing,” he said, “and then bought everything at Ikea.” He thought about redoing the floors but decided against it. The rugs and furniture cover the imperfections.
Did you recently buy a home? We want to hear about it. Email acovington@inquirer.com.
