Otto on the Park 1501 N 31st St Unit 312 Philadelphia, PA 19121
Brewerytown Neighborhood
2
Beds
2
Baths
1,037
Sq Ft
$320/mo
HOA Fee
Highlights
- New Construction
- Contemporary Architecture
- 1 Elevator
- Panoramic View
- Terrace
- 1-minute walk to 30th & Jefferson Street Park
About This Home
As of March 2025Only a few units left at Philly's most affordable, new luxury condo development: Otto on the Park. With secure/gated parking (covered and EV charging available for fee), valet-style arrival parking in the front of the building, a luxurious lobby, elevator, rooftop kitchen, lounge + dog run, Otto on the Park provides residents and investors alike with style, comfort and convenience. Optimally positioned in Brewerytown right by Fairmount Park, nearby amenities include Rival Bros Cafe (grand opening next door), Brewerytown Food Hall, Crime & Punishment Brewing, Aldi Grocer, Bagels & Co, Whole Foods, Green Eggs Cafe, and so much more. The Museums District is walkable to the property, featuring world-class institutions like The Barnes, Philadelphia Museum of Art, Rodin Gallery, Calder Gardens, and more. The Schuylkill River and the trail are also walkable from Otto on the Park. Two-bedroom and Three-bedroom units remain available for sale while they last in Phase 2. The building features prominently in the neighborhood—adjacent to a neighborhood playground and park, with dramatic architectural presence and curb appeal, and "green space" views for the east facing unit line. The interiors are fitted out with beautiful fixtures, floors, tile, stone and appliances. Each unit has a private balcony and several units remaining feature their own private penthouse roofdecks! The common rooftop terrace is the ultimate environment to soak up skyline views, fireworks celebrations and park views — all while fostering a sense of community within the building. 10 year tax abatement. Enquire within for remaining unit types and parking availability.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,339
Year Built
- Built in 2024 | New Construction
Lot Details
- Downtown Location
- Property is in excellent condition
HOA Fees
- $320 Monthly HOA Fees
Property Views
- Panoramic
- Park or Greenbelt
Home Design
- 1,037 Sq Ft Home
- Contemporary Architecture
- Vegetated Roof
- Wood Roof
- Steel Siding
- Stick Built Home
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Home Security
- Surveillance System
- Security Gate
- Intercom
- Exterior Cameras
Parking
- 1 Open Parking Space
- 1 Parking Space
- Parking Lot
- 1 Assigned Parking Space
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- Terrace
- Exterior Lighting
- Outdoor Grill
Utilities
- Central Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
Community Details
Overview
- $640 Capital Contribution Fee
- Mid-Rise Condominium
- Built by EQUINOX
- Brewerytown Subdivision, Otto On The Park Floorplan
- Property has 5 Levels
Amenities
- 1 Elevator
Pet Policy
- Pets allowed on a case-by-case basis
Security
- Security Service
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2024
Closed on
Mar 19, 2025
Sold by
Equinox Brewerytown 1501 Llc
Bought by
Sdk Freedom Llc
Seller's Agent
Jim Onesti
KW Empower
Buyer's Agent
Bob Kiziroglou
Long & Foster Real Estate, Inc.
List Price
$375,000
Sold Price
$340,000
Premium/Discount to List
-$35,000
-9.33%
Views
50
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,459
Avg. Annual Appreciation
7.25%
Similar Homes in Philadelphia, PA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $340,000 | None Listed On Document |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Sold | $340,000 | -2.9% | $327 / Sq Ft |
| 01/13/2025 01/13/25 | Pending | -- | -- | -- |
| 12/11/2024 12/11/24 | Price Changed | $350,000 | -2.5% | $337 / Sq Ft |
| 10/29/2024 10/29/24 | Price Changed | $359,000 | -4.3% | $345 / Sq Ft |
| 09/16/2024 09/16/24 | For Sale | $375,000 | +0.8% | $361 / Sq Ft |
| 08/16/2024 08/16/24 | Sold | $372,000 | -2.1% | $359 / Sq Ft |
| 06/17/2024 06/17/24 | Pending | -- | -- | -- |
| 06/17/2024 06/17/24 | For Sale | $380,000 | -- | $366 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,339 | $384,400 | $57,600 | $326,800 |
| 2024 | $4,339 | $384,400 | $57,600 | $326,800 |
| 2023 | $3,725 | $785,000 | $157,000 | $628,000 |
| 2022 | $4,339 | $310,000 | $46,500 | $263,500 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Onesti
Seller's Agent in 2025
Jim Onesti
KW Empower
(215) 709-4242
10 in this area
525 Total Sales
-
Arvind Balaji
Seller Co-Listing Agent in 2025
Arvind Balaji
KW Empower
(267) 815-2016
6 in this area
206 Total Sales
-
Bob Kiziroglou
Buyer's Agent in 2025
Bob Kiziroglou
Long & Foster
(267) 353-4123
4 in this area
108 Total Sales
-
Ryan McManus
Seller's Agent in 2024
Ryan McManus
Keller Williams Liberty Place
(267) 838-5265
22 in this area
148 Total Sales
-
Or Aharon
Seller Co-Listing Agent in 2024
Or Aharon
Keller Williams Liberty Place
(267) 270-6634
14 in this area
42 Total Sales
-
Terry Upshur
Buyer's Agent in 2024
Terry Upshur
Compass RE
(215) 530-6929
3 in this area
121 Total Sales
About Otto on the Park
Map
Source: Bright MLS
MLS Number: PAPH2366896
APN: 888000228
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