$117,500
SOLD MAY 30, 2025
-- Bed
1 Bath
402 Sq Ft
$520/mo HOA Fee

Recently Sold

$292 Per Sq Ft

10% Below List Price

23 Days on Market

Highlights

  • Concierge
  • 3-minute walk to 12Th-13Th & Locust St
  • Elevator
  • Fitness Center
  • Efficiency Studio
  • Forced Air Heating and Cooling System

About This Home

As of May 2025

Welcome to 1324 Locust St Unit #1232 in the sought after Arts Condominium Building. 1232 is the model unit (when first sold) that boasts a built in kitchen as well as storage, a tiled bath, and built in workspace in the charming open concept space. An end unit with just one neighbor, this is the largest studio in the building. This unit is perched in a prime center city location with spectacular views of the city and amenities paired with walkability that make it a MUST SEE. The building holds many amenities including a secured Lobby with 24/7 attendant on duty. The Arts Condominium Building is an elevator, hi-rise building that contains free WIFI in the lobby and community room areas. There is also a fitness center in the building for resident use. Your condo fee includes heat, water, electric, wifi, building insurance, fitness room, and community room. This location is convenient to Jefferson, Independence Hall, Reading terminal, NJ PATCO high speed line, public transit, as well as many other entertainment venues, restaurants, and shops. Don't delay. Schedule your tour today!

Last Agent to Sell the Property

Dustin Seltzer

VRA Realty Listed on: 03/25/2025

VRA Realty

Last Buyer's Agent

Tony Alicea

RE/MAX Centre Realtors

RE/MAX Centre Realtors

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,640

Year Built

  • Built in 1900

HOA Fees

  • $520 Monthly HOA Fees

Home Design

  • Studio
  • Masonry

Interior Spaces

  • 1 Full Bathroom
  • 402 Sq Ft Home
  • Property has 1 Level
  • Efficiency Studio
  • Basement
  • Laundry in Basement
  • Washer and Dryer Hookup

Parking

  • Public Parking
  • On-Street Parking
  • Unassigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 140
  • Assessor Parcel Number 888115832

Community Details

Overview

  • $2,600 Capital Contribution Fee
  • Association fees include common area maintenance, electricity, gas, heat, high speed internet, management, snow removal, trash, water, exterior building maintenance
  • $350 Other One-Time Fees
  • High-Rise Condominium
  • Avenue Of The Arts Subdivision
  • Property Manager

Amenities

  • Concierge
  • Laundry Facilities
  • Elevator

Recreation

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,640

Year Built

Built in 1900

Lot Details

0

HOA Fees

$520 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1900
  • Automatically Close On Close Date: Yes
  • Remarks Public: Welcome to 1324 Locust St Unit #1232 in the sought after Arts Condominium Building. 1232 is the model unit (when first sold) that boasts a built in kitchen as well as storage, a tiled bath, and built in workspace in the charming open concept space. An end unit with just one neighbor, this is the largest studio in the building. This unit is perched in a prime center city location with spectacular views of the city and amenities paired with walkability that make it a MUST SEE. The building holds many amenities including a secured Lobby with 24/7 attendant on duty. The Arts Condominium Building is an elevator, hi-rise building that contains free WIFI in the lobby and community room areas. There is also a fitness center in the building for resident use. Your condo fee includes heat, water, electric, wifi, building insurance, fitness room, and community room. This location is convenient to Jefferson, Independence Hall, Reading terminal, NJ PATCO high speed line, public transit, as well as many other entertainment venues, restaurants, and shops. Don't delay. Schedule your tour today!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 12
  • Interior Amenities: Studio, Efficiency
  • Fireplace: No
  • Levels Count: 1
  • Basement: Yes
  • Laundry Type: Common, Basement, Shared
  • Total Sq Ft: 402
  • Living Area Sq Ft: 402
  • Price Per Sq Ft: 323.13
  • Above Grade Finished Sq Ft: 402
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1324

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full 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: Unassigned, Public
  • 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: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 520.01
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Concierge, Exercise Room, Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Electricity, Gas, Heat, High Speed Internet, Management, Snow Removal, Trash, Water, Ext Bldg Maint
  • HOA: No
  • Senior Community: No

Fee Information

  • Other Fees: 350.00
  • Other Fees Frequency: One Time
  • Capital Contribution Fee: 2600.00

Schools

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

Lot Info

  • Land Use Code: 590
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2025
  • Zoning: CMX5

Rental Info

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

Tax Info

  • School Tax: 918.00
  • Tax Annual Amount: 1640.00
  • Assessor Parcel Number: 888115832
  • Tax Lot: 140
  • Tax Total Finished Sq Ft: 402
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 05/30/2025

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2025
Closed on
May 23, 2025
Sold by
Blakemore Jesse S
Bought by
Alsharqi Mushriq and Alrawi Musaika
Seller's Agent
Dustin Seltzer
VRA Realty
Buyer's Agent
Tony Alicea
RE/MAX Centre Realtors
List Price
$129,900
Sold Price
$117,500
Premium/Discount to List
-$12,400
-9.55%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
228.65%
Original Mortgage
$92,800
Outstanding Balance
$92,800
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$33,395

Purchase Details

Closed on
Jul 16, 2007
Sold by
Arts Tower Development Lp
Bought by
Blakemore Jesse S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,400
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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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 Type Sale Price Title Company
Special Warranty Deed $117,500 Professional Group Abstract
Special Warranty Deed $160,422 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $92,800 New Conventional
Previous Owner $147,912 New Conventional
Previous Owner $152,400 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $117,500 -9.5% $292 / Sq Ft
03/25/2025 03/25/25 For Sale $129,900 -- $323 / 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 $1,641 $117,200 $10,500 $106,700
2024 $1,641 $117,200 $10,500 $106,700
2023 $1,641 $117,200 $10,500 $106,700
2022 $1,610 $117,200 $10,500 $106,700
2021 $1,610 $0 $0 $0
2020 $1,610 $0 $0 $0
2019 $1,564 $0 $0 $0
2018 $1,475 $0 $0 $0
2017 $1,475 $0 $0 $0
2016 $1,176 $0 $0 $0
2015 $1,126 $0 $0 $0
2014 -- $84,000 $6,400 $77,600
2012 -- $6,752 $1,344 $5,408
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2460112

Bright MLS

APN: 888115832