1506 N 7th St Unit 1 Philadelphia, PA 19122
Ludlow NeighborhoodEstimated payment $2,057/month
Highlights
- Forced Air Heating System
- Dogs and Cats Allowed
- 2-minute walk to Cruz Park - Power 99 Parks & Rec
About This Home
**Perfect Opportunity for First-Time Buyers & Savvy Investors!**
Start building your real estate portfolio in 2025 with this beautifully maintained two-bedroom, one-bathroom condo—an ideal blend of comfort, convenience, and location. With over two years remaining on the tax abatement and having been owner-occupied since 2017, this home has been lovingly cared for and is move-in ready.
Step inside to an open-concept main level featuring a bright and spacious kitchen, living, and dining area—perfect for everyday living or entertaining. Downstairs, you’ll find two generously sized bedrooms and a full bathroom offering a private and quiet retreat.
Not the DIY type? No problem—this condo is low-maintenance, with all exterior upkeep and maintenance covered by the HOA.
Commuters will appreciate the quick access to Temple University, the Market-Frankford Line, and multiple bus routes—making travel throughout Philly a breeze.
Located at the crossroads of Fishtown and Northern Liberties, you're steps away from some of the city’s best dining, nightlife, and entertainment. Enjoy neighborhood favorites like Cafe La Maude, Eeva, Frankford Hall, Philadelphia Distillery, International Bar, LMNO, Middle Child Clubhouse, Urban Village, and countless other restaurants and breweries popping up all the time.
Whether you're looking to live in or rent out, this gem offers unbeatable value in one of Philly’s most vibrant neighborhoods. Don’t miss out—schedule your showing today!
Listing Agent
(267) 258-7014 ramon.enriquez@longandfoster.com Long & Foster Real Estate, Inc. License #RS343163 Listed on: 04/04/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,954
Year Built
- Built in 2017
HOA Fees
- $300 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Masonry
Interior Spaces
- 1,286 Sq Ft Home
- Property has 1 Level
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Natural Gas Water Heater
- Public Septic
Listing and Financial Details
- Assessor Parcel Number 888200692
Community Details
Overview
- Association fees include water, snow removal
- Low-Rise Condominium
- Ludlow Subdivision
Pet Policy
- Dogs and Cats Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $385 | $211,000 | $31,600 | $179,400 |
| 2024 | $385 | $211,000 | $31,600 | $179,400 |
| 2023 | $385 | $183,500 | $27,500 | $156,000 |
| 2022 | $367 | $27,500 | $27,500 | $0 |
| 2021 | $367 | $0 | $0 | $0 |
| 2020 | $367 | $0 | $0 | $0 |
| 2019 | $350 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $561 | $0 | $0 | $0 |
| 2016 | $168 | $0 | $0 | $0 |
| 2015 | $161 | $0 | $0 | $0 |
| 2014 | -- | $12,000 | $12,000 | $0 |
| 2012 | -- | $512 | $512 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/25/2025 09/25/25 | For Sale | $274,999 | -3.5% | $214 / Sq Ft |
| 09/04/2025 09/04/25 | Price Changed | $284,999 | -3.4% | $222 / Sq Ft |
| 08/28/2025 08/28/25 | Price Changed | $294,998 | 0.0% | $229 / Sq Ft |
| 07/10/2025 07/10/25 | Price Changed | $294,999 | 0.0% | $229 / Sq Ft |
| 06/04/2025 06/04/25 | Price Changed | $295,000 | -1.7% | $229 / Sq Ft |
| 04/19/2025 04/19/25 | Price Changed | $299,999 | -7.7% | $233 / Sq Ft |
| 04/04/2025 04/04/25 | For Sale | $325,000 | +75.7% | $253 / Sq Ft |
| 10/31/2017 10/31/17 | Sold | $185,000 | 0.0% | -- |
| 03/19/2017 03/19/17 | Pending | -- | -- | -- |
| 02/07/2017 02/07/17 | For Sale | $185,000 | 0.0% | -- |
| 12/10/2016 12/10/16 | Pending | -- | -- | -- |
| 10/27/2016 10/27/16 | For Sale | $185,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $185,000 | None Available | |
| Deed | $257,572 | None Available | |
| Deed | $250,000 | None Available | |
| Deed | $215,000 | None Available | |
| Deed | $90,000 | Noble Abstract Co | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $175,750 | New Conventional | |
| Previous Owner | $244,600 | New Conventional | |
| Previous Owner | $172,000 | New Conventional |
Source: Bright MLS
MLS Number: PAPH2466292
APN: 888200686
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