$58,000
SOLD JAN 3, 2025
-- Bed
1 Bath
319 Sq Ft
$501/mo HOA Fee

Recently Sold

$182 Per Sq Ft

32% Below List Price

186 Days on Market

Highlights

  • Fitness Center
  • 2-minute walk to 12Th-13Th & Locust St
  • Central Heating and Cooling System
  • Walk-In Closet
  • Security Service
  • Ceiling Fan

About This Home

As of January 2025

This charming, affordable studio in the Arts Ballroom building is completely turnkey. This unit features hardwood floors throughout the entrance, main room & walk-in closet. The kitchen has tile flooring, modern wood cabinetry and a stainless steel mini-fridge. This is one of the very few units in the building with a walk-in closet. The bathroom of this unit is a classic design of black & white tiles, a bathtub, medicine cabinet & additional built-in storage above the toilet. The building features a grandiose lobby from its days as a luxury hotel, 24/7 security, professional on-site management, maintenance staff, a fitness center, ample laundry facilities, bicycle storage, and a relaxing community area. In addition to all of these amenities, all utilities are also included in the monthly HOA fee: heat, air conditioning, electric, water, sewer, trash & internet! This unit is in an incredible location, right on the Avenue of the Arts and convenient to all Center City has to offer. Hundreds of restaurants, bars & cultural institutions all within a 10 minute stroll out your front door. Additionally, access to the Broad Street Line is at the end of the block that allows quick access to the stadiums & Temple University. PATCO, Market Frankford & Regional Rail stations are also just a short walk away.

Last Agent to Sell the Property

Greg Hiban

Tesla Realty Group, LLC License #1642931 Listed on: 06/08/2024

Tesla Realty Group, LLC

Last Buyer's Agent

Marissa Chimino

KW Empower

KW Empower

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,109

Year Built

  • Built in 1900

HOA Fees

  • $501 Monthly HOA Fees

Home Design

  • Studio
  • Masonry

Interior Spaces

  • 319 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan

Kitchen

  • Kitchenette
  • Cooktop

Bedrooms and Bathrooms

  • Walk-In Closet
  • 1 Full Bathroom

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 140
  • Assessor Parcel Number 888115404

Community Details

Overview

  • $2,506 Capital Contribution Fee
  • Association fees include water, sewer, electricity, air conditioning, heat, management, common area maintenance, health club, exterior building maintenance, snow removal, trash, high speed internet
  • High-Rise Condominium
  • The Arts Condominium Condos
  • Arts Condominiums Community
  • Avenue Of The Arts Subdivision
  • Property Manager

Recreation

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Additional Features

  • Laundry Facilities
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,109

Year Built

Built in 1900

Lot Details

0

HOA Fees

$501 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Refrigerator, window treatments
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: This charming, affordable studio in the Arts Ballroom building is completely turnkey. This unit features hardwood floors throughout the entrance, main room & walk-in closet. The kitchen has tile flooring, modern wood cabinetry and a stainless steel mini-fridge. This is one of the very few units in the building with a walk-in closet. The bathroom of this unit is a classic design of black & white tiles, a bathtub, medicine cabinet & additional built-in storage above the toilet. The building features a grandiose lobby from its days as a luxury hotel, 24/7 security, professional on-site management, maintenance staff, a fitness center, ample laundry facilities, bicycle storage, and a relaxing community area. In addition to all of these amenities, all utilities are also included in the monthly HOA fee: heat, air conditioning, electric, water, sewer, trash & internet! This unit is in an incredible location, right on the Avenue of the Arts and convenient to all Center City has to offer. Hundreds of restaurants, bars & cultural institutions all within a 10 minute stroll out your front door. Additionally, access to the Broad Street Line is at the end of the block that allows quick access to the stadiums & Temple University. PATCO, Market Frankford & Regional Rail stations are also just a short walk away.
  • Washer Dryer Hookups YN: No
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Cooktop, Refrigerator
  • Entry Floor: 5
  • Interior Amenities: Ceiling Fan(s), Kitchenette, Studio, Walk-In Closet(s)
  • Fireplace: No
  • Levels Count: 1
  • Room Count: 1
  • Basement: No
  • Total Sq Ft: 319
  • Living Area Sq Ft: 319
  • Price Per Sq Ft: 203.45
  • Above Grade Finished Sq Ft: 319
  • 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
  • Spa: No
  • 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 Type: Central A/C
  • Heating Type: Central
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 501.21
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Arts Condominium
  • HOA Condo Co-Op Amenities: Fitness Center, Laundry Facilities, Security
  • HOA Condo Co-Op Fee Includes: Water, Sewer, Electricity, Air Conditioning, Heat, Management, Common Area Maintenance, Health Club, Ext Bldg Maint, Snow Removal, Trash, High Speed Internet
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 2506.05

Schools

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

Lot Info

  • Horses: No
  • Land Use Code: 590
  • Lot Dimensions: 0.00 x 0.00
  • Zoning: CMX5

Rental Info

  • Lease Considered: No
  • Pets: Number Limit, Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 1108.65
  • Assessor Parcel Number: 888115404
  • Tax Lot: 140
  • Tax Year: 2024
  • Close Date: 01/03/2025

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2024
Closed on
Dec 31, 2024
Sold by
Hiban Kathleen M
Bought by
Horne Nicole
Seller's Agent
Greg Hiban
Tesla Realty Group, LLC
Buyer's Agent
Marissa Chimino
KW Empower
List Price
$84,900
Sold Price
$58,000
Premium/Discount to List
-$26,900
-31.68%
Views
233
Current Estimated Value
$63,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,555
Avg. Annual Appreciation
15.11%

Purchase Details

Closed on
Oct 13, 2020
Sold by
Hiban Gregory M and Hiban Kathleen M
Bought by
Hiban Kathleen M

Purchase Details

Listed on
Jul 31, 2017
Closed on
Oct 30, 2017
Sold by
Skaisky Michelle L
Bought by
Hiban Gregorey M and Hiban Kathleen M
Seller's Agent
Ariel Morgenstein
JG Real Estate LLC
Buyer's Agent
Greg Hiban
Tesla Realty Group, LLC
List Price
$104,500
Sold Price
$94,000
Premium/Discount to List
-$10,500
-10.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.91%

Purchase Details

Closed on
Oct 26, 2007
Sold by
Arts Tower Development Lp
Bought by
Skalsky Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,350
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Special Warranty Deed $58,000 None Listed On Document
Interfamily Deed Transfer -- Tohickon Settlement Svcs Inc
Deed $94,600 None Available
Special Warranty Deed $111,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,350 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2025 01/03/25 Sold $58,000 -10.6% $182 / Sq Ft
12/11/2024 12/11/24 Pending -- -- --
11/21/2024 11/21/24 Price Changed $64,900 -7.2% $203 / Sq Ft
10/17/2024 10/17/24 Price Changed $69,900 -6.7% $219 / Sq Ft
08/13/2024 08/13/24 Price Changed $74,900 -6.3% $235 / Sq Ft
07/09/2024 07/09/24 Price Changed $79,900 -5.9% $250 / Sq Ft
06/08/2024 06/08/24 For Sale $84,900 -9.7% $266 / Sq Ft
11/16/2017 11/16/17 Sold $94,000 -10.0% $295 / Sq Ft
10/03/2017 10/03/17 Pending -- -- --
07/31/2017 07/31/17 For Sale $104,500 0.0% $328 / Sq Ft
07/20/2016 07/20/16 Rented $975 0.0% --
07/11/2016 07/11/16 Under Contract -- -- --
06/20/2016 06/20/16 For Rent $975 0.0% --
07/15/2015 07/15/15 Rented $975 0.0% --
07/06/2015 07/06/15 Under Contract -- -- --
07/01/2015 07/01/15 For Rent $975 -- --
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 $1,109 $79,200 $7,100 $72,100
2024 $1,109 $79,200 $7,100 $72,100
2023 $1,109 $79,200 $7,100 $72,100
2022 $1,109 $79,200 $7,100 $72,100
2021 $1,090 $0 $0 $0
2020 $1,090 $0 $0 $0
2019 $1,069 $0 $0 $0
2018 $1,039 $0 $0 $0
2017 $1,039 $0 $0 $0
2016 $924 $0 $0 $0
2015 $884 $0 $0 $0
2014 -- $66,000 $5,100 $60,900
2012 -- $5,312 $1,056 $4,256
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2362138

Bright MLS

APN: 888115404