NOT LISTED FOR SALE

Estimated Value: $1,315,000 - $1,496,275

3 Beds
3.5 Baths
2,046 Sq Ft
$2,874/mo HOA Fee

Last Sold March 25, 2024

Last sale price $1,475,000 $721 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $12,043/month

21 Days on Market

Highlights

  • Concierge
  • 1-minute walk to 15Th Street
  • Clubhouse
  • Fitness Center
  • Transportation Service
  • 2-minute walk to Dilworth Park

About This Home

As of March 2024

Priced to Sell! Welcome to the epitome of luxury living at the prestigious Ritz-Carlton Residences in Philadelphia. This stunning turnkey unit, 1414 S Penn Sq 14B, has undergone a complete renovation, offering an exquisite living space that exceeds expectations. Boasting a coveted balcony along the B-Line, this unit stands out as one of the most desirable in the building. Prepare to be captivated by the striking views, featuring historic City Hall and art-filled Dilworth Plaza, creating a picturesque backdrop that will leave you in awe. This ultra-luxurious residence features three bedrooms, one of which has been transformed into a lavish office space, providing versatility that can easily be converted back into a full bedroom. With three and a half bathrooms, every convenience and comfort has been meticulously considered. One of the standout features of this unit is the inclusion of one car parking, ensuring convenience and eliminating the hassle of finding parking in the city. As you step inside, the hardwood floors guide you through the space, complementing the abundance of natural light that floods the rooms. The entertainment area boasts a sleek and modern design, creating a sophisticated atmosphere for hosting guests. The gourmet kitchen, complete with a breakfast nook overlooking the city, is a haven for culinary enthusiasts. Floor-to-ceiling windows showcase breathtaking panoramic views, while each bedroom offers an en-suite marble bath and ample closet space. Every detail has been carefully crafted to provide a luxurious and comfortable living experience. Living in the Ritz-Carlton Residences grants you access to unparalleled amenities. Enjoy the state-of-the-art fitness facility, which overlooks City Hall and Dilworth Plaza, providing a remarkable backdrop for your workouts. Take a dip in the indoor pool, relax in the spa, or rejuvenate in the sauna. The private Yoga room allows for peaceful reflection, while the new Resident Lounge with outdoor balconies and a theater room offers a space to unwind and socialize. This pet-friendly building ensures that your furry friends are welcomed into your new home. Additionally, residents have the luxury of utilizing the exclusive resident-only Mercedes S Class, providing a safe and convenient means of transportation throughout the city. Situated in a prime location, you'll find yourself just steps away from the finest restaurants, retail shops, and parks. Immerse yourself in the vibrant city lifestyle, exploring all the cultural and entertainment offerings that Philadelphia has to offer. The seller is open to entertaining a lease buyback, offering flexibility to potential buyers. Don't miss the opportunity to own this exquisite property at 1414 S Penn Sq 14B. Schedule your private showing today and experience the pinnacle of luxury living in Philadelphia.

Last Agent to Sell the Property

John Bolaris

KW Empower Listed on: 02/02/2024

KW Empower

Last Buyer's Agent

Keri Bernstein

KW Empower

KW Empower

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $17,739

Year Built

  • Built in 2009

HOA Fees

  • $2,874 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space

Home Design

  • Contemporary Architecture
  • Masonry

Interior Spaces

  • 2,046 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Accessible Home Design

  • Accessible Elevator Installed

Utilities

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

Listing and Financial Details

  • Tax Lot 272
  • Assessor Parcel Number 888095026

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, gas, water, cook fee, health club, management, pool(s), recreation facility, security gate
  • High-Rise Condominium
  • Residences At The Ritz Carlton Condos
  • Ritz Carlton Residences Community
  • Center City Subdivision

Amenities

  • Concierge
  • Transportation Service
  • Common Area
  • Game Room
  • Community Center
  • Party Room

Recreation

  • Dog Park

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$17,739

Year Built

Built in 2009

Lot Details

0

HOA Fees

$2,874 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 2009
  • Automatically Close On Close Date: Yes
  • Remarks Public: Priced to Sell! Welcome to the epitome of luxury living at the prestigious Ritz-Carlton Residences in Philadelphia. This stunning turnkey unit, 1414 S Penn Sq 14B, has undergone a complete renovation, offering an exquisite living space that exceeds expectations. Boasting a coveted balcony along the B-Line, this unit stands out as one of the most desirable in the building. Prepare to be captivated by the striking views, featuring historic City Hall and art-filled Dilworth Plaza, creating a picturesque backdrop that will leave you in awe. This ultra-luxurious residence features three bedrooms, one of which has been transformed into a lavish office space, providing versatility that can easily be converted back into a full bedroom. With three and a half bathrooms, every convenience and comfort has been meticulously considered. One of the standout features of this unit is the inclusion of one car parking, ensuring convenience and eliminating the hassle of finding parking in the city. As you step inside, the hardwood floors guide you through the space, complementing the abundance of natural light that floods the rooms. The entertainment area boasts a sleek and modern design, creating a sophisticated atmosphere for hosting guests. The gourmet kitchen, complete with a breakfast nook overlooking the city, is a haven for culinary enthusiasts. Floor-to-ceiling windows showcase breathtaking panoramic views, while each bedroom offers an en-suite marble bath and ample closet space. Every detail has been carefully crafted to provide a luxurious and comfortable living experience. Living in the Ritz-Carlton Residences grants you access to unparalleled amenities. Enjoy the state-of-the-art fitness facility, which overlooks City Hall and Dilworth Plaza, providing a remarkable backdrop for your workouts. Take a dip in the indoor pool, relax in the spa, or rejuvenate in the sauna. The private Yoga room allows for peaceful reflection, while the new Resident Lounge with outdoor balconies and a theater room offers a space to unwind and socialize. This pet-friendly building ensures that your furry friends are welcomed into your new home. Additionally, residents have the luxury of utilizing the exclusive resident-only Mercedes S Class, providing a safe and convenient means of transportation throughout the city. Situated in a prime location, you'll find yourself just steps away from the finest restaurants, retail shops, and parks. Immerse yourself in the vibrant city lifestyle, exploring all the cultural and entertainment offerings that Philadelphia has to offer. The seller is open to entertaining a lease buyback, offering flexibility to potential buyers. Don't miss the opportunity to own this exquisite property at 1414 S Penn Sq 14B. Schedule your private showing today and experience the pinnacle of luxury living in Philadelphia.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 14
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 2046
  • Living Area Sq Ft: 2046
  • Price Per Sq Ft: 725.81
  • Above Grade Finished Sq Ft: 2046
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1414

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 3
  • 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: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: 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: 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: 2873.94
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: RESIDENCES AT THE RITZ CARLTON
  • HOA Condo Co-Op Amenities: Club House, Common Grounds, Community Center, Concierge, Dog Park, Elevator, Exercise Room, Fitness Center, Game Room, Party Room, Pool - Indoor, Security, Transportation Service
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Gas, Water, Cook Fee, Health Club, Management, Pool(s), Recreation Facility, Security Gate
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Indoor

Schools

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

Lot Info

  • Land Use Code: 591
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: CMX5

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 9734.00
  • Tax Annual Amount: 17739.00
  • Assessor Parcel Number: 888095026
  • Tax Lot: 272
  • Tax Total Finished Sq Ft: 2046
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 03/25/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
Mar 18, 2024
Sold by
Dhanota Arsh S and Bajwa Hania
Bought by
Feldman Stephen M and Feldman Mary B
Seller's Agent
John Bolaris
KW Empower
Buyer's Agent
Keri Bernstein
KW Empower
List Price
$1,485,000
Sold Price
$1,475,000
Premium/Discount to List
-$10,000
-0.67%
Views
31
Current Estimated Value
$1,411,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,431
Avg. Annual Appreciation
-0.99%

Purchase Details

Closed on
Nov 6, 2020
Sold by
Clay Christina Marie
Bought by
Thanota Arsh S and Bajwa Hania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 26, 2014
Closed on
Jul 14, 2014
Sold by
Agc Partners Lp
Bought by
Clay Christina Marie
Seller's Agent
Curt Bosson
Kurfiss Sotheby's International Realty
Buyer's Agent
Andy Oei
BHHS Fox & Roach At the Harper, Rittenhouse Square
List Price
$1,517,000
Sold Price
$1,380,000
Premium/Discount to List
-$137,000
-9.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.47%
Original Mortgage
$1,120,000
Interest Rate
4.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Feldman Stephen M $1,475,000 World Wide Land Transfer
Thanota Arsh S $1,250,000 None Available
Clay Christina Marie $1,380,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thanota Arsh S $1,125,000
Previous Owner Clay Christina Marie $1,120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2024 03/25/24 Sold $1,475,000 -0.7% $721 / Sq Ft
02/02/2024 02/02/24 For Sale $1,485,000 +7.6% $726 / Sq Ft
07/14/2014 07/14/14 Sold $1,380,000 -9.0% $664 / Sq Ft
06/26/2014 06/26/14 Pending -- -- --
06/26/2014 06/26/14 For Sale $1,517,000 -- $730 / 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 $17,740 $1,267,300 $101,300 $1,166,000
2024 $17,740 $1,267,300 $101,300 $1,166,000
2023 $17,740 $1,267,300 $101,300 $1,166,000
2022 $17,740 $1,267,300 $101,300 $1,166,000
2021 $17,740 $0 $0 $0
2020 $17,740 $0 $0 $0
2019 $15,840 $0 $0 $0
2018 $1,102 $0 $0 $0
2017 $1,102 $0 $0 $0
2016 $308 $0 $0 $0
2015 $295 $0 $0 $0
2014 -- $820,000 $22,000 $798,000
2012 -- $66,464 $9,088 $57,376
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2318192

Bright MLS

APN: 888095026