$1,800,000
SOLD DEC 15, 2017
-- Bed
-- Bath
5,480 Sq Ft
2,600 Sq Ft Lot

Recently Sold

$328 Per Sq Ft

9% Below List Price

11 Days on Market

Highlights

  • 0.06 Acre Lot
  • 4-minute walk to Lombard-South
  • Intercom
  • Wood Flooring
  • No HOA
  • Home Security System

About This Home

As of December 2017

1522 PINE HOUSES 4 APARTMENTS AND A FIRST FLOOR OFFICE. THE OFFICE IS USED BY THE SELLERS AND WILL BE VACANT AT SETTLEMENT - 1522 PINE IS OFFERED FOR pure INVESTMENT or OWNER OCCUPIED business and/or residential uses. 1522 PINE STREET reflects the character of the Rittenhouse Square district, the longest continually successful fashionable urban district in Philadelphia's history and notable for the caliber of its architectural features. -------This substantial Italianate Victorian Brownstone 5480+/- Interior SF residential Mansion in Rittenhouse Square originally featured Six Bedroom suites 4.5 baths and was DESIGNED in 1841 by renowned Philadelphia architect, Thomas Ustick Walter, whose notable achievements include Philadelphia City Hall, Girard College Founders Hall, and the Dome of the United States Capitol in Washington, D.C.------Acquired In 2002 as a vacant shell by the current owners, this grand building was repurposed In 2006 to a first floor and lower level business (currently a law) office plus Four beautifully appointed apartment homes. ------1522 PINE STREET WAS COMPLETELY UPGRADED with all new utility services, a five story sprinkler system and some modified room utilizations while preserving most of the original floor plans, the Foyer/Vestibule entrance, the original full 4-story ornate staircase, hardwood floor throughout, 7-original marble mantels, and other hand hewn historically significant features, arches, moldings, and first floor doors from the 1850s Victorian period. ------THE TOP THREE FLOORS WERE REPURPOSED to become 4 fully self-contained condo-quality 1-bdrm flat and 2-bdrm bi-level apartments. THE FIRST FLOOR AND LOWER LEVEL was redesigned for business office uses. The first floor GRAND CONFERENCE ROOM retains all the original lavish appointments from the original 1850s formal living room. TWO CAR GATED PARKING opens onto Waverly Street.------The four spacious one & two bedroom RESIDENTIAL SUITES FEATURE stainless steel appliances (refrigerator, dishwasher, disposal, microwave oven, and gas range), hard wood floors throughout, 7-12ft ceilings, ceramic tile bathrooms, plus original interior doors, moldings, -6-ornate marble mantels and other Victorian features where restoration was possible.

Last Agent to Sell the Property

Alex Chamberlin

Realty World Properties, Inc. License #RM425142 Listed on: 10/20/2017

Last Buyer's Agent

Apple Koonajuk

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,928

Year Built

  • Built in 1852

Lot Details

  • 2,600 Sq Ft Lot
  • Lot Dimensions are 20x130
  • North Facing Home
  • Sprinkler System

Home Design

  • Converted Dwelling
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Stone Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 5,480 Sq Ft Home
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Home Security

  • Home Security System
  • Intercom

Parking

  • 2 Open Parking Spaces
  • Private Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • 200+ Amp Service
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 134
  • Assessor Parcel Number 081073100

Community Details

Overview

  • No Home Owners Association
  • Rittenhouse Square Subdivision

Building Details

  • Electric Expense $639
  • Insurance Expense $5,058
  • Other Expense $1,640
  • Operating Expense $20,579

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,928

Year Built

Built in 1852

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: Officefurniture, Conferenceroomchandileer, Decorations/Oil Paintings P
  • Inclusions: All Appliances And Equipment Used In And For Apartment/Office Mainten
  • New Construction: No
  • Other Expense: 1640.00
  • Year Built: 1852
  • Remarks Public: 1522 PINE HOUSES 4 APARTMENTS AND A FIRST FLOOR OFFICE. THE OFFICE IS USED BY THE SELLERS AND WILL BE VACANT AT SETTLEMENT - 1522 PINE IS OFFERED FOR pure INVESTMENT or OWNER OCCUPIED business and/or residential uses. 1522 PINE STREET reflects the character of the Rittenhouse Square district, the longest continually successful fashionable urban district in Philadelphia's history and notable for the caliber of its architectural features. -------This substantial Italianate Victorian Brownstone 5480+/- Interior SF residential Mansion in Rittenhouse Square originally featured Six Bedroom suites 4.5 baths and was DESIGNED in 1841 by renowned Philadelphia architect, Thomas Ustick Walter, whose notable achievements include Philadelphia City Hall, Girard College Founders Hall, and the Dome of the United States Capitol in Washington, D.C.------Acquired In 2002 as a vacant shell by the current owners, this grand building was repurposed In 2006 to a first floor and lower level business (currently a law) office plus Four beautifully appointed apartment homes. ------1522 PINE STREET WAS COMPLETELY UPGRADED with all new utility services, a five story sprinkler system and some modified room utilizations while preserving most of the original floor plans, the Foyer/Vestibule entrance, the original full 4-story ornate staircase, hardwood floor throughout, 7-original marble mantels, and other hand hewn historically significant features, arches, moldings, and first floor doors from the 1850s Victorian period. ------THE TOP THREE FLOORS WERE REPURPOSED to become 4 fully self-contained condo-quality 1-bdrm flat and 2-bdrm bi-level apartments. THE FIRST FLOOR AND LOWER LEVEL was redesigned for business office uses. The first floor GRAND CONFERENCE ROOM retains all the original lavish appointments from the original 1850s formal living room. TWO CAR GATED PARKING opens onto Waverly Street.------The four spacious one & two bedroom RESIDENTIAL SUITES FEATURE stainless steel appliances (refrigerator, dishwasher, disposal, microwave oven, and gas range), hard wood floors throughout, 7-12ft ceilings, ceramic tile bathrooms, plus original interior doors, moldings, -6-ornate marble mantels and other Victorian features where restoration was possible.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood
  • Interior Amenities: Sprinkler System
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Washer In Unit
  • Total Sq Ft: 5480
  • Living Area Sq Ft: 5480
  • Price Per Sq Ft: 360.40
  • Above Grade Finished Sq Ft: 5480
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1522

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Stone
  • Exterior Features: Sidewalks
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Private

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Expense: 639.00
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Security: Security System, Intercom
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1314.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Improvement Assessed Value: 596470.00
  • Land Assessed Value: 255630.00
  • Land Use Code: U70
  • Lot Size Acres: 0.06
  • Lot Dimensions: 20X130
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2600.00
  • Zoning: RM1

Green Features

  • Green Remarks: Except for Apt#2F, originally the current owners unit, EACH UNIT IS SEPARATELY METERED for gas and electric utilities, with gas heat, central A/C, in unit laundry equipment and hot water paid by the residents. Just cold water, sewer and hallway-public li

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 132000.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 924679
  • Tax Annual Amount: 11928.00
  • Assessor Parcel Number: 081073100
  • Tax Lot: 134
  • Tax Year: 2017
  • Close Date: 12/15/2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2017
Closed on
Dec 14, 2017
Sold by
R B Realty Llc
Bought by
Pine Street Properties Llc
Seller's Agent
Alex Chamberlin
Realty World Properties, Inc.
Buyer's Agent
Apple Koonajuk
Coldwell Banker Realty
List Price
$1,975,000
Sold Price
$1,800,000
Premium/Discount to List
-$175,000
-8.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$1,350,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2002
Sold by
Thelma B Mallas Trust
Bought by
R & B Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,500
Interest Rate
6.02%
Mortgage Type
Commercial
Source: Public Records

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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
Deed $1,800,000 The Abstract Co
Deed $525,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,871,000 New Conventional
Closed $1,350,000 Commercial
Closed $1,350,000 Commercial
Previous Owner $1,181,500 Future Advance Clause Open End Mortgage
Previous Owner $1,113,000 Commercial
Previous Owner $772,500 Commercial
Closed $120,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2025 06/11/25 Price Changed $1,850,000 -5.1% $338 / Sq Ft
05/31/2025 05/31/25 For Sale $1,950,000 0.0% $356 / Sq Ft
10/01/2020 10/01/20 Rented $1,300 -7.1% --
10/01/2020 10/01/20 Under Contract -- -- --
10/01/2020 10/01/20 For Rent $1,400 -39.1% --
04/06/2018 04/06/18 Rented $2,300 0.0% --
03/25/2018 03/25/18 Under Contract -- -- --
12/27/2017 12/27/17 For Rent $2,300 0.0% --
12/15/2017 12/15/17 Sold $1,800,000 -8.9% $328 / Sq Ft
11/30/2017 11/30/17 For Sale $1,975,000 0.0% $360 / Sq Ft
10/20/2017 10/20/17 For Sale $1,975,000 -- $360 / 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 $21,059 $1,600,000 $320,000 $1,280,000
2024 $21,059 $1,600,000 $320,000 $1,280,000
2023 $21,059 $1,504,400 $300,880 $1,203,520
2022 $19,653 $1,504,400 $300,880 $1,203,520
2021 $19,653 $0 $0 $0
2020 $19,653 $0 $0 $0
2019 $19,019 $0 $0 $0
2018 $11,928 $0 $0 $0
2017 $11,928 $0 $0 $0
2016 $11,170 $0 $0 $0
2015 $10,693 $0 $0 $0
2014 -- $852,100 $185,361 $666,739
2012 -- $140,800 $32,000 $108,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003976127

Bright MLS

APN: 081073100