NOT LISTED FOR SALE

Arch Street Lofts 1027 Arch St Unit 208 Philadelphia, PA 19107

Chinatown Neighborhood

Estimated Value: $361,000 - $380,672

2 Beds
2 Baths
1,257 Sq Ft
$340/mo HOA Fee

Last Sold September 12, 2017

Last sale price $333,750 $266 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,750/month

78 Days on Market

Highlights

  • Wood Flooring
  • 3-minute walk to 11Th Street
  • Living Room
  • Beamed Ceilings
  • Wet Bar
  • En-Suite Primary Bedroom

About This Home

As of September 2017

Loft living is a way of life and this N.Y. style loft will not disappoint. Located in the beautiful & historic Pitcairn Bldg right in the heart of Center City this 2 bed / 2 bath loft boasts 15 ft ceilings, 10 ft. windows facing Arch St and 11th St, exposed heavy timber ceiling, exposed brick, with space ready for you to design your home. Large mezzanine-level bedroom overlooking the main floor; second bedroom on main floor is has a door for privacy and can also be used as den/dining room, etc. Full kitchen (Ultracraft Adriatic Shark cabinetry, black granite countertops, glass backsplash, wine cooler, and dry bar island). Main bathroom has tiled stand-in shower with seemless glass doors. 2 deep built in closets for wardrobes and extra storage. Too many extras to list. There is extra head height in the bi-level section since the 2nd floor units have a concrete ceiling not heavy timber. Entrance from Arch St into spacious & beautiful Terrazzo lobby to modern passenger elevators. Ideally located with Reading Terminal Market directly across the street, Jefferson Station 1 block away, and short distance from restaurants and nightlife. Do not miss out on this amazing loft!!!

Last Agent to Sell the Property

Armin Schmalz

Orens Brothers Real Estate Inc Listed on: 04/18/2017

Last Buyer's Agent

Nancy Lo

Liberty Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,276

Year Built

  • Built in 2004

Lot Details

  • Sprinkler System
  • Property is in good condition

HOA Fees

  • $340 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Bi-Level Home
  • Brick Exterior Construction

Interior Spaces

  • 1,257 Sq Ft Home
  • Wet Bar
  • Central Vacuum
  • Beamed Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Living Room
  • Wood Flooring
  • Laundry on main level

Kitchen

  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Walk-in Shower

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 888030496

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, snow removal, trash, sewer, insurance, management
  • $680 Other One-Time Fees
  • 1027 Arch St Lofts Community
  • Center City Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,276

Year Built

Built in 2004

Lot Details

0

HOA Fees

$340 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Loft, Bi-Level
  • Ownership: Condominium
  • New Construction: No
  • Year Built: 2004
  • Remarks Public: Loft living is a way of life and this N.Y. style loft will not disappoint. Located in the beautiful & historic Pitcairn Bldg right in the heart of Center City this 2 bed / 2 bath loft boasts 15 ft ceilings, 10 ft. windows facing Arch St and 11th St, exposed heavy timber ceiling, exposed brick, with space ready for you to design your home. Large mezzanine-level bedroom overlooking the main floor; second bedroom on main floor is has a door for privacy and can also be used as den/dining room, etc. Full kitchen (Ultracraft Adriatic Shark cabinetry, black granite countertops, glass backsplash, wine cooler, and dry bar island). Main bathroom has tiled stand-in shower with seemless glass doors. 2 deep built in closets for wardrobes and extra storage. Too many extras to list. There is extra head height in the bi-level section since the 2nd floor units have a concrete ceiling not heavy timber. Entrance from Arch St into spacious & beautiful Terrazzo lobby to modern passenger elevators. Ideally located with Reading Terminal Market directly across the street, Jefferson Station 1 block away, and short distance from restaurants and nightlife. Do not miss out on this amazing loft!!!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Refrigerator, Disposal
  • Flooring Type: Wood
  • Interior Amenities: Kitchen - Island, Ceiling Fan(s), Central Vacuum, Sprinkler System, Exposed Beams, Wet/Dry Bar, Stall Shower
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Floors In Unit Count: 2
  • Room List: Living Room, Primary Bedroom, Kitchen, Bedroom 1
  • Basement: No
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 1257
  • Living Area Sq Ft: 1257
  • Net Sq Ft: 1257.00
  • Price Per Sq Ft: 270.41
  • Above Grade Finished Sq Ft: 1257
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1027-31

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Access To Pool: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 340.14
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Snow Removal, Trash, Sewer, Insurance, Management
  • HOA: No
  • Senior Community: No

Fee Information

  • Other Fees: 680.28
  • Other Fees Frequency: One Time

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Improvement Assessed Value: 265785.00
  • Land Assessed Value: 39715.00
  • Land Use Code: 590
  • Lot Size Units: Square Feet
  • Property Condition: Good
  • Zoning: CMX4

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4570468
  • Tax Annual Amount: 4276.00
  • Assessor Parcel Number: 888030496
  • Tax Year: 2017
  • Close Date: 09/12/2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2017
Closed on
Sep 12, 2017
Sold by
Karam Frank and Karam Diane
Bought by
Cao Yi and Guan Yue Y
Seller's Agent
Armin Schmalz
Orens Brothers Real Estate Inc
Buyer's Agent
Nancy Lo
Liberty Real Estate
List Price
$352,900
Sold Price
$333,750
Premium/Discount to List
-$19,150
-5.43%
Current Estimated Value
$366,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,997
Avg. Annual Appreciation
1.19%
Original Mortgage
$267,000
Outstanding Balance
$225,612
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$140,949

Purchase Details

Closed on
Nov 15, 2004
Sold by
1027 Arch Street Development Llc
Bought by
Karam Frank and Karam Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,440
Interest Rate
2%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cao Yi $333,750 Quest Abstract Corp
Karam Frank $291,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cao Yi $267,000
Previous Owner Karam Frank $233,440
Closed Karam Frank $29,130
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2017 09/12/17 Sold $333,750 -1.8% $266 / Sq Ft
07/05/2017 07/05/17 Pending -- -- --
06/21/2017 06/21/17 Price Changed $339,900 -2.7% $270 / Sq Ft
06/07/2017 06/07/17 Price Changed $349,500 -1.0% $278 / Sq Ft
04/18/2017 04/18/17 For Sale $352,900 -- $281 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,615 $339,500 $47,400 $292,100
2024 $4,615 $339,500 $47,400 $292,100
2023 $4,615 $329,700 $46,100 $283,600
2022 $4,362 $329,700 $46,100 $283,600
2021 $4,362 $0 $0 $0
2020 $4,362 $0 $0 $0
2019 $4,276 $0 $0 $0
2018 $4,276 $0 $0 $0
2017 $4,276 $0 $0 $0
2016 $3,866 $0 $0 $0
2015 $1,134 $0 $0 $0
2014 -- $276,200 $27,620 $248,580
2012 -- $51,584 $10,304 $41,280
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    Armin Schmalz

    Orens Brothers Real Estate Inc

    Section Image

  • N

    Buyer's Agent in 2017

    Nancy Lo

    Liberty Real Estate

    1 in this area

    10 Total Sales

    Section Image
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About Arch Street Lofts

Map

Source: Bright MLS

MLS Number: 1003245835

Bright MLS

APN: 888030496

Pennsylvania Philadelphia County Philadelphia 19107 Chinatown

1027 Arch St Unit 208, Philadelphia, PA

This home is located at 1027 Arch St Unit 208, Philadelphia, PA 19107 since 18 April 2017 and is currently estimated at $367,418, approximately $292 per square foot. This property was built in 2004. 1027 Arch St Unit 208 is a home located in Philadelphia County with nearby schools including General George A McCall Public School, Benjamin Franklin High School, and Folk Arts-Cultural Treasures Charter School.

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