NOT LISTED FOR SALE

1316 N Franklin St Unit 1 Philadelphia, PA 19122

Ludlow Neighborhood

Estimated Value: $376,949 - $437,000

2 Beds
2.5 Baths
1,653 Sq Ft
$152/mo HOA Fee

Last Sold December 08, 2021

Last sale price $325,000 $197 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,418/month

31 Days on Market

Highlights

  • New Construction
  • Wood Flooring
  • Eat-In Kitchen
  • Open Floorplan
  • Upgraded Countertops
  • 4-minute walk to Cruz Park - Power 99 Parks & Rec

About This Home

As of December 2021

Only two units remaining. Thoughtfully designed, beautiful bi-level condo in South Kensington ! This 1553 sq ft condo features modern amenities and an open floor plan. The 1st floor features an eat-in kitchen with Quartz counters, white cabinets with soft-close doors and drawers, stainless steel appliances, glass backsplash on a herringbone pattern and a peninsula with waterfall edge. This floor is complete with a spacious family room with floor-to-ceiling windows, dining area, powder room and a private balcony. The lower level features 2 bedrooms, 2 bathrooms and a laundry area and mechanical room. The primary suite feels like a private retreat offering a spacious bedroom, a walk-in closet and a gorgeous master bathroom with a large, glass enclosed shower with bench. There's more: metal railings, white oak floors, intercom system and floor-to-ceiling windows. The FULL 10 year tax abatement has been approved! Low taxes! 1-year builder warranty included. Great location! Enjoy the best of South Kensington, Fishtown and Northern Liberties! These condos are just blocks from all of the shops, restaurants and coffee houses that Frankford Ave, Fishtown and N Libs have to offer. Taxes TBD. *Contact the listing agent regarding the $16,000 credit that this property qualifies for.*

Last Agent to Sell the Property

Keith Adams

Compass RE Listed on: 09/23/2021

Compass RE

Last Buyer's Agent

Benjamin Gemberling-Johnson

Coldwell Banker Realty License #RS353045

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $648

Year Built

  • Built in 2021 | New Construction

Lot Details

  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $152 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Metal Siding
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 1,653 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Recessed Lighting
  • Wood Flooring
  • Intercom
  • Washer and Dryer Hookup
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 31
  • Assessor Parcel Number 141071710

Community Details

Overview

  • $304 Capital Contribution Fee
  • Association fees include common area maintenance, insurance, water
  • Low-Rise Condominium
  • South Kensington Subdivision

Pet Policy

  • Pet Size Limit
  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$648

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$152 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Ownership: Condominium
  • Inclusions: Refrigerator, range, microwave
  • New Construction: Yes
  • Story List: Lower 1, Main
  • Year Built: 2021
  • Automatically Close On Close Date: No
  • Remarks Public: Only two units remaining. Thoughtfully designed, beautiful bi-level condo in South Kensington ! This 1553 sq ft condo features modern amenities and an open floor plan. The 1st floor features an eat-in kitchen with Quartz counters, white cabinets with soft-close doors and drawers, stainless steel appliances, glass backsplash on a herringbone pattern and a peninsula with waterfall edge. This floor is complete with a spacious family room with floor-to-ceiling windows, dining area, powder room and a private balcony. The lower level features 2 bedrooms, 2 bathrooms and a laundry area and mechanical room. The primary suite feels like a private retreat offering a spacious bedroom, a walk-in closet and a gorgeous master bathroom with a large, glass enclosed shower with bench. There's more: metal railings, white oak floors, intercom system and floor-to-ceiling windows. The FULL 10 year tax abatement has been approved! Low taxes! 1-year builder warranty included. Great location! Enjoy the best of South Kensington, Fishtown and Northern Liberties! These condos are just blocks from all of the shops, restaurants and coffee houses that Frankford Ave, Fishtown and N Libs have to offer. Taxes TBD. *Contact the listing agent regarding the $16,000 credit that this property qualifies for.*
  • Washer Dryer Hookups YN: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Appliances: Water Heater, Refrigerator, Oven/Range - Gas, Microwave, Intercom, Disposal, Dishwasher
  • Entry Floor: 1
  • Interior Amenities: Floor Plan - Open, Intercom, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Recessed Lighting, Sprinkler System, Stall Shower, Upgraded Countertops, Tub Shower, Walk-In Closet(s), Wood Floors
  • Fireplace: No
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 1653
  • Living Area Sq Ft: 1653
  • Price Per Sq Ft: 199.03
  • Above Grade Finished Sq Ft: 1653
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1316

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Brick, Metal Siding, Vinyl Siding
  • Construction Completed: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 152.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 304.00

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 302540.00
  • Land Assessed Value: 129660.00
  • Land Use Code: U50
  • Lot Dimensions: 25.00 x 100.50
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: RM1

Rental Info

  • Pets: Breed Restrictions, Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 7211034
  • Assessor Parcel Number: 141071710
  • Tax Lot: 31
  • Tax Total Finished Sq Ft: 3880
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/08/2021

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2021
Closed on
Dec 6, 2021
Sold by
1316-18 North Fransklin Street Llc
Bought by
Librojo Janice Cobin
Seller's Agent
Keith Adams
Compass RE
Buyer's Agent
Benjamin Gemberling-Johnson
Coldwell Banker Realty
List Price
$329,000
Sold Price
$325,000
Premium/Discount to List
-$4,000
-1.22%
Current Estimated Value
$405,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,983
Avg. Annual Appreciation
6.05%
Original Mortgage
$16,250
Outstanding Balance
$15,075
Interest Rate
2.98%
Estimated Equity
$388,569
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
Librojo Janice Cobin $325,000 Historic Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Librojo Janice Cobin $16,250
Closed Librojo Janice Cobin $16,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2021 12/08/21 Sold $325,000 -1.2% $197 / Sq Ft
10/24/2021 10/24/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $329,000 -- $199 / 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 $648 $324,200 $48,600 $275,600
2024 $648 $324,200 $48,600 $275,600
2023 -- $308,800 $46,320 $262,480
Source: Public Records

Agents Affiliated with this Home

  • Keith Adams

    Seller's Agent in 2021

    Keith Adams

    Compass RE

    (215) 605-1027

    14 in this area

    174 Total Sales

    Section Image
  • Benjamin Gemberling-Johnson

    Buyer's Agent in 2021

    Benjamin Gemberling-Johnson

    Coldwell Banker Realty

    (215) 896-7758

    3 in this area

    131 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2033624

Bright MLS

APN: 888000617

Pennsylvania Philadelphia County Philadelphia 19122 Ludlow

1316 N Franklin St Unit 1, Philadelphia, PA

This home is located at 1316 N Franklin St Unit 1, Philadelphia, PA 19122 since 23 September 2021 and is currently estimated at $405,983, approximately $245 per square foot. This property was built in 2021. 1316 N Franklin St Unit 1 is a home located in Philadelphia County with nearby schools including James R. Ludlow School, Penn Treaty School, and Young Scholars Charter School.

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