NOT LISTED FOR SALE

Arch Street Lofts 1027 Arch St Unit 501 Philadelphia, PA 19107

Chinatown Neighborhood

Estimated Value: $387,785 - $424,000

2 Beds
2 Baths
1,300 Sq Ft
$380/mo HOA Fee

Last Sold November 04, 2019

Last sale price $400,000 $308 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,009/month

40 Days on Market

Highlights

  • Gourmet Kitchen
  • 3-minute walk to 11Th Street
  • Combination Kitchen and Living
  • Open Floorplan
  • Wood Flooring
  • Walk-In Closet

About This Home

As of November 2019

Corner, 5th Floor Condo at the Pitcarin Building. Unit 501 is a 2 bedroom,2 full bath with large windows on 2 sides with South and West views high ceilings, hardwood floors, plenty of closet space, Laundry room, and more. The central location of this building is the best with a high walk score. Terminal Market with restaurants inside , restaurants nearby, shopping and easy access to Septa, Broad Street Line and highway travel.

Last Agent to Sell the Property

Nella Genovese

MGC Real Estate Group License #RS225934L Listed on: 08/12/2019

MGC Real Estate Group

Last Buyer's Agent

Megan Gibson

KW Empower License #RS340347

KW Empower

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,601

Year Built

  • Built in 1900

Lot Details

  • Sprinkler System
  • Historic Home

HOA Fees

  • $380 Monthly HOA Fees

Home Design

  • Brick Front

Interior Spaces

  • 1,300 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • Combination Kitchen and Living
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Electric Dryer
  • Washer

Utilities

  • 90% Forced Air Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 883009820

Community Details

Overview

  • $300 Elevator Use Fee
  • $760 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, management, reserve funds, snow removal, sewer, trash
  • 2 Elevators
  • Mid-Rise Condominium
  • Orens Brothers Management Condos
  • Pitcarin Building Community
  • Center City Subdivision
  • Property Manager

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,601

Year Built

Built in 1900

Lot Details

0

HOA Fees

$380 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Bi-Level
  • Ownership: Condominium
  • Historic: Yes
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2019-08-12
  • Federal Flood Zone: No
  • Year Built: 1900
  • Remarks Public: Corner, 5th Floor Condo at the Pitcarin Building. Unit 501 is a 2 bedroom,2 full bath with large windows on 2 sides with South and West views high ceilings, hardwood floors, plenty of closet space, Laundry room, and more. The central location of this building is the best with a high walk score. Terminal Market with restaurants inside , restaurants nearby, shopping and easy access to Septa, Broad Street Line and highway travel.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Entry Floor: 5
  • Interior Amenities: Kitchen - Gourmet, Floor Plan - Open, Combination Kitchen/Living, Ceiling Fan(s), Sprinkler System, Tub Shower, Walk-In Closet(s), Wood Floors
  • Elevators Count: 2
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1300
  • Living Area Sq Ft: 1300
  • Price Per Sq Ft: 307.62
  • Above Grade Finished Sq Ft: 1300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1027

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 380.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Orens Brothers Management
  • Elevator Use Fee: 300.00
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Reserve Funds, Snow Removal, Sewer, Trash
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 760.00

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Year Assessed: 2019
  • Zoning: RESIDENTIAL CONDO

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 4601.00
  • Assessor Parcel Number: 883009820
  • Tax Year: 2019
  • Close Date: 11/04/2019

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2019
Closed on
Nov 4, 2019
Sold by
Vjs Investments Llc
Bought by
Kennedy Robert and Wang Lin Fan
Seller's Agent
Nella Genovese
MGC Real Estate Group
Buyer's Agent
Megan Gibson
KW Empower
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$403,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,196
Avg. Annual Appreciation
0.49%
Original Mortgage
$364,500
Outstanding Balance
$324,111
Interest Rate
3.6%
Mortgage Type
VA
Estimated Equity
$87,212

Purchase Details

Closed on
Dec 24, 2003
Sold by
1027 Arch Street Development Llc
Bought by
Vjs Investments Llc
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Kennedy Robert $400,000 Associates Land Transfer Co
Vjs Investments Llc $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kennedy Robert $364,500
Previous Owner Vjs Investments Llc $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2019 11/04/19 Sold $400,000 0.0% $308 / Sq Ft
09/22/2019 09/22/19 Pending -- -- --
08/12/2019 08/12/19 For Sale $399,900 0.0% $308 / Sq Ft
12/09/2012 12/09/12 Rented $1,800 0.0% --
12/03/2012 12/03/12 Under Contract -- -- --
11/21/2012 11/21/12 For Rent $1,800 -- --
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 $5,067 $383,700 $53,600 $330,100
2024 $5,067 $383,700 $53,600 $330,100
2023 $5,067 $362,000 $50,600 $311,400
2022 $4,692 $362,000 $50,600 $311,400
2021 $4,692 $0 $0 $0
2020 $4,692 $0 $0 $0
2019 $4,601 $0 $0 $0
2018 $4,601 $0 $0 $0
2017 $4,601 $0 $0 $0
2016 $4,353 $0 $0 $0
2015 $1,277 $0 $0 $0
2014 -- $311,000 $31,100 $279,900
2012 -- $57,920 $11,584 $46,336
Source: Public Records

Agents Affiliated with this Home

  • Nella Genovese

    Seller's Agent in 2019

    Nella Genovese

    MGC Real Estate Group

    (215) 771-7100

    10 in this area

    45 Total Sales

    Section Image
  • Megan Gibson

    Buyer's Agent in 2019

    Megan Gibson

    KW Empower

    (215) 740-1253

    96 Total Sales

    Section Image

  • T

    Seller's Agent in 2012

    Theresa Stigale

    MG Real Estate Group*

  • E

    Buyer's Agent in 2012

    Edward Blackburn

    MGC Real Estate Group

See All Agents

About Arch Street Lofts

Map

Source: Bright MLS

MLS Number: PAPH823194

Bright MLS

APN: 888030536

Pennsylvania Philadelphia County Philadelphia 19107 Chinatown

1027 Arch St Unit 501, Philadelphia, PA

This home is located at 1027 Arch St Unit 501, Philadelphia, PA 19107 since 12 August 2019 and is currently estimated at $403,196, approximately $310 per square foot. This property was built in 1900. 1027 Arch St Unit 501 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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