NOT LISTED FOR SALE

Estimated Value: $911,000 - $1,152,000

4 Beds
4.5 Baths
3,550 Sq Ft
$290/Sq Ft Est. Value

Last Sold March 05, 2024

Last sale price $925,000 $261 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,593/month

38 Days on Market

Highlights

  • Straight Thru Architecture
  • Forced Air Heating and Cooling System
  • 1-minute walk to Columbus Square Park
  • No HOA

About This Home

As of March 2024

Experience refinement and sophistication in the heart of Passyunk Square. This 4 bedroom, 4.5 bath home has a flowing floorplan, generous gathering spaces, multiple outdoor terraces, and is finished with a style and panache that cannot be denied. Rich hardwood floors beckon guests inside, where they are greeted with a warm living room both large and comfortable. A fireplace clad with a marble mantle and surround is a focal point, though the natural light from generous front windows and additional light from a private internal courtyard add to the ambiance. Beyond find space for a large dining room table or create an additional gathering space. The kitchen is a sight to behold, both functional and elegant. An array of spacious 42” cabinets capped with crown molding surround a large Carrara marble island, big enough for the whole family or the perfect setting for welcoming guests with hors d'oeuvres and a glass of bubbly. This heart of the home has a top-of-the-line appliance suite, Carrara marble countertops, backsplash and a pasta water filler. The contemporary overhead light fixture is simply stunning and pairs well with the adjacent dining room chandelier. Kitchen utility is perfectly complimented by an open butler’s pantry just beyond, with additional storage cabinets, stone counters and sink. Ideal for party prep and staging when large gatherings are at hand. A powder room is also found here, elegant and discreet, as well as access to a small rear yard. The main stairs are extra wide, with runner, and are flanked by a beautiful, sealed exposed brick wall. They lead to a second floor with 2 generously sized bedrooms, each with en-suite bath with granite vanity, stone clad baths and stone baseboard, a bit of European flair for sure! The bedroom closets, and all other closets in the home, are fitted with California closet style dividers with dedicated space for hanging items. The second level also includes a central and open gathering space, perfect as a small upstairs family room, homework area or reading space. A laundry room and separate large storage closet for luggage or holiday items are also found on this level. The showstopper of the home however, may well be the third floor. It begins with a petit sitting room with marble topped wet bar with wine fridge and tile backsplash, and accesses the South facing outdoor terrace, which also leads to the roof deck. The other side of the sitting room finds a sumptuous primary suite, large and sublime, equally complimented by a gas fireplace with contemporary slate surround and a private terrace overlooking Columbus Square. The highlights are Centor brand glass terrace doors, these floor to ceiling accordion style doors are as beautiful as they are functional. The ensuite bath includes more marble, a double vanity with raised sinks and a large fully tiled marble shower with bench seat and skylight. On the other side of this level find the spiral stairs to the roof deck and ascend to an unobstructed view from the Center City skyline to the stadiums. A contemporary pergola, built in bench seating, lighting and Bison brand Brazilian hardwood pavers create a modern outdoor escape like no other. This extraordinary home is a delight, with an additional benefit of a fully finished basement that includes a living area with sealed brick accent wall, separate bedroom, full bath and kitchenette. Plus storage! There is also a separate exterior basement entrance door, making it ideal for an in law suite, office and more. The home fronts the serene green space of Columbus Square and is located just steps away from the superb restaurants and shopping along Passyunk Avenue and the convenience and utility of the Broad Street Subway Line. If parking is important, the sellers are providing one year of prepaid parking for TWO spaces located close by. 1202 Reed St has amenities, style, location and more! Come visit and experience everything this special home has to offer.

Last Agent to Sell the Property

Tom Dilsheimer

Compass RE License #RS222491L Listed on: 11/14/2023

Compass RE

Last Buyer's Agent

Brittany Skinner

Keller Williams Main Line

Keller Williams Main Line

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,895

Year Built

  • Built in 1915

Lot Details

  • 1,170 Sq Ft Lot
  • Lot Dimensions are 18.00 x 65.00

Home Design

  • Straight Thru Architecture
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • Property has 3 Levels
  • Finished Basement

Bedrooms and Bathrooms

Parking

  • 2 Parking Spaces
  • Prepaid Parking

Schools

  • Southwark Elementary And Middle School
  • Horace Furness High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association
  • Passyunk Square Subdivision

Listing and Financial Details

  • Tax Lot 385
  • Assessor Parcel Number 012412910

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,895

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Exclusions: Mounted TVs and outdoor furniture are negotiable
  • Inclusions: All appliances and window treatments in "as is" condition
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Year Built: 1915
  • Automatically Close On Close Date: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 3550
  • Living Area Sq Ft: 3550
  • Price Per Sq Ft: 323.73
  • Above Grade Finished Sq Ft: 2950
  • Below Grade Finished Sq Ft: 600
  • Total Below Grade Sq Ft: 600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1202

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Upper Level 2 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Prepaid
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Elementary School: SOUTHWARK SCHOOL
  • Middle School: SOUTHWARK SCHOOL
  • High School: HORACE FURNESS
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200397108
  • School District Source: 3rd Party
  • Elementary School: SOUTHWARK SCHOOL
  • High School: HORACE FURNESS
  • Middle Or Junior School: SOUTHWARK SCHOOL

Lot Info

  • Land Use Code: O50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 18.00 x 65.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1170.00
  • Year Assessed: 2023
  • Zoning: ICMX

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 6527.00
  • Tax Annual Amount: 11895.00
  • Assessor Parcel Number: 012412910
  • Tax Lot: 385
  • Tax Total Finished Sq Ft: 3300
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 03/05/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2023
Closed on
Mar 1, 2024
Sold by
Janke Thomas R and Janke Lois Delspechio
Bought by
Oliver Ryan P and Oliver Jennifer
Seller's Agent
Tom Dilsheimer
Compass RE
Buyer's Agent
Brittany Skinner
Keller Williams Main Line
List Price
$955,000
Sold Price
$925,000
Premium/Discount to List
-$30,000
-3.14%
Views
77
Current Estimated Value
$1,028,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,067
Avg. Annual Appreciation
8.00%
Original Mortgage
$740,000
Outstanding Balance
$728,538
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$307,308

Purchase Details

Listed on
Nov 4, 2013
Closed on
Mar 9, 2014
Sold by
1202 Reed St Associates Inc
Bought by
Delspechio Lois Thomas Rajanke and Delspechio Janke
Seller's Agent
Chris Mattioli
Compass RE
Buyer's Agent
Jodi Papanier
BHHS Fox & Roach-Center City Walnut
List Price
$595,000
Sold Price
$540,000
Premium/Discount to List
-$55,000
-9.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.54%
Original Mortgage
$432,000
Interest Rate
3.56%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 21, 2011
Sold by
1202 Reed Street Associates
Bought by
1202 Reed Street Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
4.15%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Oliver Ryan P $925,000 None Listed On Document
Delspechio Lois Thomas Rajanke $540,000 None Available
1202 Reed Street Associates -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oliver Ryan P $114,000
Open Oliver Ryan P $740,000
Previous Owner Janke Thomas R $452,300
Previous Owner James Thomas R $480,000
Previous Owner Delspechio Lois Thomas Rajanke $432,000
Previous Owner 1202 Reed St Associates Inc $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2024 03/05/24 Sold $925,000 -3.1% $261 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $955,000 +76.9% $269 / Sq Ft
03/10/2014 03/10/14 Sold $540,000 -9.2% $164 / Sq Ft
12/06/2013 12/06/13 Pending -- -- --
11/04/2013 11/04/13 For Sale $595,000 -- $180 / 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 $11,896 $872,500 $174,500 $698,000
2024 $11,896 $872,500 $174,500 $698,000
2023 $5,995 $849,800 $169,960 $679,840
2022 $4,690 $428,299 $169,960 $258,339
2021 $4,690 $0 $0 $0
2020 $4,690 $0 $0 $0
2019 $4,328 $0 $0 $0
2018 $3,889 $0 $0 $0
2017 $5,014 $0 $0 $0
2016 $5,014 $0 $0 $0
2015 $4,800 $0 $0 $0
2014 -- $358,200 $24,336 $333,864
2012 -- $11,200 $1,600 $9,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2295454

Bright MLS

APN: 012412910