NOT LISTED FOR SALE

1316 N Franklin St Unit 3 Philadelphia, PA 19122

Ludlow Neighborhood

Estimated Value: $420,928 - $470,000

2 Beds
2.5 Baths
1,491 Sq Ft
2,614 Sq Ft Lot

Last Sold October 01, 2021

Last sale price $375,000 $252 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,415/month

Highlights

  • Gourmet Kitchen
  • Wood Flooring
  • Stainless Steel Appliances
  • Open Floorplan
  • Upgraded Countertops
  • 4-minute walk to Cruz Park - Power 99 Parks & Rec

About This Home

As of April 2024

Welcome to 1316 N Franklin, a 5 unit building that was crafted with meticulous attention to detail. This condo building is quiet, centrally located, secured, and outfitted with modern amenities plus 1490 sqft of space to make all your own.
As you step inside unit 3, you are greeted by a ton of natural light from the floor to ceiling windows. The open floor plan 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 center island with waterfall edge. The living room is spacious with a large dining area and a conveniently located half bath. You have 2 sizable bedrooms perfect for a guest room, workout room or home office. The primary bedroom has a walk-in closet and a gorgeous bathroom with a large, glass enclosed shower with bench.
This unit also includes a private balcony with glass railing which is perfect for outdoor entertaining, as well as a brand new in-unit laundry, central AC/heat, an intercom system, and safe, and keyless access into the main entrance.
This location borders the hottest neighborhoods like Fishtown and Northern Liberties, and you are steps away from favorites like Reanimator Coffee, Honey's Sit 'n Eat, Cafe La Maude, Pizzeria Beddia, Acme, North Third, Standard Tap and so many more.
You also have easy access to other parts of the city, with Center City, Brewerytown, and Temple University all being less than a 10 minute drive away. Don't miss this one!

Last Agent to Rent the Property

Erin Larkin

Elfant Wissahickon Realtors License #RS356966 Listed on: 07/20/2023

Last Renter's Agent

Erin Larkin

Elfant Wissahickon Realtors License #RS356966 Listed on: 07/20/2023

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $748

Year Built

  • Built in 2021

Lot Details

  • 2,614

Parking

  • On-Street Parking

Home Design

  • Masonry

Interior Spaces

  • 1,491 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Recessed Lighting
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Intercom

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,150
  • Requires 3 Months of Rent Paid Up Front
  • Tenant pays for all utilities
  • 12-Month Min and 24-Month Max Lease Term
  • Available 7/20/23
  • $50 Application Fee
  • Assessor Parcel Number 888000619

Community Details

Overview

  • Low-Rise Condominium
  • Ludlow Subdivision

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Size Limit
  • Pet Deposit $250

Condo Details

Home Type

Condominium

Est. Annual Taxes

$748

Year Built

Built in 2021

Lot Details

0

Rental Info

  • Date Available: 2023-07-20
  • Application Fee: 50.00
  • Months Rent Up Front: 3.0
  • Pet Deposit: 250.00
  • Pets: Size/Weight Restriction, Case By Case Basis, Pet Addendum/Deposit
  • Pets Allowed: Yes
  • Security Deposit: 2150.00
  • Tenant Pays: Utilities - All
  • Vacation Rental: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • New Construction: No
  • Story List: Main
  • Year Built: 2021
  • Automatically Close On Close Date: Yes
  • Remarks Public: Welcome to 1316 N Franklin, a 5 unit building that was crafted with meticulous attention to detail. This condo building is quiet, centrally located, secured, and outfitted with modern amenities plus 1490 sqft of space to make all your own. As you step inside unit 3, you are greeted by a ton of natural light from the floor to ceiling windows. The open floor plan 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 center island with waterfall edge. The living room is spacious with a large dining area and a conveniently located half bath. You have 2 sizable bedrooms perfect for a guest room, workout room or home office. The primary bedroom has a walk-in closet and a gorgeous bathroom with a large, glass enclosed shower with bench. This unit also includes a private balcony with glass railing which is perfect for outdoor entertaining, as well as a brand new in-unit laundry, central AC/heat, an intercom system, and safe, and keyless access into the main entrance. This location borders the hottest neighborhoods like Fishtown and Northern Liberties, and you are steps away from favorites like Reanimator Coffee, Honey's Sit 'n Eat, Cafe La Maude, Pizzeria Beddia, Acme, North Third, Standard Tap and so many more. You also have easy access to other parts of the city, with Center City, Brewerytown, and Temple University all being less than a 10 minute drive away. Don't miss this one!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Stove, Water Heater
  • Entry Floor: 2
  • Interior Amenities: Floor Plan - Open, Intercom, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1491
  • Living Area Sq Ft: 1491
  • Price Per Sq Ft: 1.24
  • Above Grade Finished Sq Ft: 1491
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1316

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • 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
  • 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
  • Security: Security System, Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2512.00
  • Zoning: RM1

Tax Info

  • Assessor Parcel Number: 888000619
  • Tax Total Finished Sq Ft: 1491
  • Tax Data Updated: No
  • Close Date: 04/01/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2021
Closed on
Sep 27, 2021
Sold by
1316-18 North Franklin Street Llc
Bought by
Valmikinathan Chandra and Varanasi Spileicha
Seller's Agent
Christopher Somers
KW Empower
Buyer's Agent
Rani Saba
KW Empower
Sold Price
$2,200
Current Estimated Value
$443,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,188
Avg. Annual Appreciation
4.79%
Original Mortgage
$300,000
Outstanding Balance
$275,936
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$173,665
Source: Public Records

Range of Values:

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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
Valmikinathan Chandra $375,000 Historic Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valmikinathan Chandra $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Rented $1,750 -5.4% --
10/24/2023 10/24/23 Price Changed $1,850 -7.5% $1 / Sq Ft
10/09/2023 10/09/23 Price Changed $1,999 -7.0% $1 / Sq Ft
09/05/2023 09/05/23 Price Changed $2,150 -2.3% $1 / Sq Ft
08/04/2023 08/04/23 Price Changed $2,200 -2.2% $1 / Sq Ft
07/20/2023 07/20/23 For Rent $2,250 +2.3% --
11/01/2021 11/01/21 Rented $2,200 0.0% --
10/23/2021 10/23/21 Under Contract -- -- --
10/06/2021 10/06/21 For Rent $2,200 0.0% --
10/01/2021 10/01/21 Sold $375,000 -1.1% $252 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $379,000 -- $254 / 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 $748 $374,100 $56,100 $318,000
2024 $748 $374,100 $56,100 $318,000
2023 -- $356,300 $53,445 $302,855
Source: Public Records

Agents Affiliated with this Home

  • E

    Landlord's Agent in 2024

    Erin Larkin

    Elfant Wissahickon Realtors

    (215) 622-5122

    62 Total Sales

    Section Image
  • Christopher Somers

    Seller's Agent in 2021

    Christopher Somers

    KW Empower

    (267) 987-4443

    8 in this area

    622 Total Sales

    Section Image
  • Keith Adams

    Seller's Agent in 2021

    Keith Adams

    Compass RE

    (215) 605-1027

    14 in this area

    174 Total Sales

    Section Image

  • R

    Seller Co-Listing Agent in 2021

    Rani Saba

    KW Empower

    (215) 284-1760

    2 in this area

    57 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2259434

Bright MLS

APN: 888000619

Pennsylvania Philadelphia County Philadelphia 19122 Ludlow

1316 N Franklin St Unit 3, Philadelphia, PA

This home is located at 1316 N Franklin St Unit 3, Philadelphia, PA 19122 since 20 July 2023 and is currently priced at $445,643. This property was built in 2021. 1316 N Franklin St Unit 3 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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