NOT LISTED FOR SALE

1405 Frankford Ave Unit 507 Philadelphia, PA 19125

Fishtown Neighborhood

Estimated Value: $386,000 - $445,000

2 Beds
2 Baths
847 Sq Ft
$303/mo HOA Fee

Last Sold August 27, 2021

Last sale price $440,000 $519 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,582/month

Highlights

  • Eat-In Gourmet Kitchen
  • Contemporary Architecture
  • Stainless Steel Appliances
  • Open Floorplan
  • Wood Flooring
  • 3-minute walk to Palmer Park

About This Home

As of August 2021

Welcome to this Gorgeous, sun dappled, 2 bed, 2 full bath condominium with deeded garage parking, 7.5+ years of tax abatement remaining and SPECTACULAR city views on the top floor of Penn Treaty Residences at 1405 Frankford Avenue. This Amazing condominium is located at the very heart of Prime Fishtown, Philadelphia's most dynamic, vibrant and sought-after neighborhood! Situated directly behind Fishtown's historic, and newly remodeled, Rose Garden, enter this barely 2.5 year old, 30 unit building and enjoy your urban oasis to the fullest. Entering #507 you will find rich, white oak  flooring throughout, a convenient coat closet, then your first, oversized, full bathroom. Each spacious bedroom offers city views and large, carpenter built closets with the primary bedroom boasting an en suite ultra-modern designed bathroom with Italian tile flooring and wrap-around,oversized fully tiled shower and beautiful porcelain vanity. Down the hallway find an ideally located laundry closet on the way to your open concept kitchen/living room offering PANORAMIC center city views. Note the double thick quartz countertops , high end GE stainless steel appliances including a double wall oven, cooktop stove and French door refrigerator, complete with an electric fireplace This beautifully maintained building's amenities include a spacious common roof deck with spectacular 360 views including Center City and the Ben Franklin Bridge, deeded storage bins for each unit, bike room in the basement, secure key fob entry and of course an elevator. Mere steps from La Columbe, Suraya, WM Mulherin's & Sons,  Kensington Quarters, Ramona Susan's Bake Shop, Heffe Tacos, City Fitness gym and a myriad of other bars, restaurants, bakeries, souperies, specialty shops, nail salons, boutique clothiers and so much more. This is why Forbes magazine called Fishtown America's Hottest "New" Neighborhood in 2018 and it's only gotten better since. A 5 minute walk to the EL or multiple bus lines, easy access to I-76 & I-95, Walk & Bike Scores of 94 ("Paradise") so what are you waiting for? Make it yours today!

Last Agent to Sell the Property

Chris Baker

(267) 255-2253 chrisbaker@compass.com Compass RE License #1968660 Listed on: 05/25/2021

Compass RE

Last Buyer's Agent

Christopher Somers

(267) 987-4443 thesomersteam@gmail.com KW Empower License #RS278328

KW Empower

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $590

Year Built

  • Built in 2018

Lot Details

  • Sprinkler System

HOA Fees

  • $303 Monthly HOA Fees

Parking

  • 1 Assigned Parking Garage Space
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Masonry

Interior Spaces

  • 847 Sq Ft Home
  • Open Floorplan
  • Recessed Lighting
  • Electric Fireplace
  • Wood Flooring
  • Stacked Gas Washer and Dryer

Kitchen

  • Eat-In Gourmet Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Dual Flush Toilets

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 36 inches wide or more

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 235
  • Assessor Parcel Number 888181886

Community Details

Overview

  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, fiber optics available, insurance, management, snow removal, trash
  • Mid-Rise Condominium
  • Penn Treaty Residences Condos
  • Fishtown Subdivision
  • Property Manager
  • Property has 5 Levels

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Additional Features

  • Community Storage Space
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$590

Year Built

Built in 2018

Lot Details

0

HOA Fees

$303 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: 36"+ Wide Halls, Elevator
  • Ownership: Condominium
  • Inclusions: Window treatments. Light fixtures in primary bedroom.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2018
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer - Front Loading, Dryer - Gas, Dual Flush Toilets, Energy Efficient Appliances, Exhaust Fan, Microwave, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Washer/Dryer Stacked
  • Entry Floor: 5
  • Interior Amenities: Floor Plan - Open, Kitchen - Gourmet, Kitchen - Table Space, Recessed Lighting, Sprinkler System, Wood Floors
  • Window Features: Energy Efficient
  • Fireplace Features: Electric
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 5
  • Basement: No
  • Total Sq Ft: 847
  • Living Area Sq Ft: 847
  • Price Per Sq Ft: 542.98
  • Above Grade Finished Sq Ft: 847
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

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 Spaces: 1.00
  • Garage: No
  • Garage Features: Garage Door Opener, Inside Access
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 302.73
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Penn Treaty Residences
  • HOA Condo Co-Op Amenities: Elevator, Reserved/Assigned Parking, Security, Storage Bin
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Fiber Optics Available, Insurance, Management, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Assessed Value: 42120.00
  • Lot Dimensions: 0.00 x 0.00
  • Zoning: CMX2

Rental Info

  • Pets: Cats Ok, Dogs Ok, Number Limit, Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 21942377
  • School Tax: 324.00
  • Tax Annual Amount: 590.00
  • Assessor Parcel Number: 888181886
  • Tax Lot: 235
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2021
Closed on
Aug 18, 2021
Sold by
Zmich John and Mccartby Zmich Anne
Bought by
1405 Frankford 507 Llc
Seller's Agent
Chris Baker
Compass RE
Buyer's Agent
Christopher Somers
KW Empower
List Price
$467,500
Sold Price
$440,000
Premium/Discount to List
-$27,500
-5.88%
Current Estimated Value
$423,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,910
Avg. Annual Appreciation
-0.94%

Purchase Details

Closed on
Mar 3, 2021
Sold by
Zmich John and Mccarthy Zmich Anne
Bought by
Zmich Andrew and Zmich Katelyn

Purchase Details

Listed on
Jun 12, 2018
Closed on
Nov 29, 2018
Sold by
Frankford Owners Llc
Bought by
Mccarthy Zmich John and Mccarthy Zmich Anne
Seller's Agent
Gene Zilberman
Trinity Realty Services
Buyer's Agent
Jeffrey Carpineta
Solo Real Estate, Inc.
List Price
$370,000
Sold Price
$370,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.95%
Original Mortgage
$328,000
Interest Rate
4.8%
Mortgage Type
New Conventional
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
1405 Frankford 507 Llc $440,000 Go Abstract Services Llc
Zmich Andrew -- None Available
Mccarthy Zmich John $410,000 Knights Abstract Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccarthy Zmich John $328,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2021 08/27/21 Sold $440,000 -4.3% $519 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/07/2021 07/07/21 Price Changed $459,900 -1.6% $543 / Sq Ft
05/25/2021 05/25/21 For Sale $467,500 +26.4% $552 / Sq Ft
11/15/2018 11/15/18 Sold $370,000 0.0% -- View Prior Sale
06/12/2018 06/12/18 Pending -- -- --
06/12/2018 06/12/18 For Sale $370,000 -- --
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
2026 $643 $408,900 $49,100 $359,800
2025 $643 $408,900 $49,100 $359,800
2024 $643 $408,900 $49,100 $359,800
2023 $643 $382,200 $45,900 $336,300
2022 $590 $45,900 $45,900 $0
2021 $590 $0 $0 $0
2020 $590 $351,000 $42,120 $308,880
2019 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Baker

    Seller's Agent in 2021

    Chris Baker

    Compass RE

    (267) 255-2253

    16 in this area

    82 Total Sales

    Chris Baker
    Section Image
  • Christopher Somers

    Buyer's Agent in 2021

    Christopher Somers

    KW Empower

    (267) 987-4443

    66 in this area

    591 Total Sales

    Christopher Somers
    Section Image

  • P

    Buyer Co-Listing Agent in 2021

    Phillip Rubin

    KW Empower

    (215) 391-8259

    2 in this area

    16 Total Sales

    Phillip Rubin
    Section Image

  • G

    Seller's Agent in 2018

    Gene Zilberman

    Trinity Realty Services

    (215) 820-1623

    11 Total Sales

    Gene Zilberman
    Section Image
  • Jeffrey Carpineta

    Buyer's Agent in 2018

    Jeffrey Carpineta

    Solo Real Estate, Inc.

    (215) 833-6720

    10 in this area

    90 Total Sales

    Jeffrey Carpineta
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH1021882

Bright MLS

APN: 888181886

Pennsylvania Philadelphia County Philadelphia 19125 Fishtown

1405 Frankford Ave Unit 507, Philadelphia, PA

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