NOT LISTED FOR SALE

1601 Locust St Unit 1500 Philadelphia, PA 19102

Rittenhouse Square Neighborhood

Estimated Value: $1,972,000 - $2,526,788

3 Beds
2.5 Baths
3,446 Sq Ft
$2,748/mo HOA Fee

Last Sold April 30, 2014

Last sale price $2,150,000 $624 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $17,292/month

Highlights

  • Colonial Architecture
  • 1-minute walk to 15Th-16Th & Locust St
  • En-Suite Primary Bedroom
  • 1 Fireplace
  • Living Room
  • 4-minute walk to Rittenhouse Square

About This Home

As of April 2014

Occupying the entire 15th floor of The Lanesborough - one of the city's most exclusive condo buildings - this spectacular home offers breathtaking 360 degree views and is exquisitely appointed. Guests are welcomed by a dramatic Reception Hall & Gallery w/ a series of arches, marble flooring & Rotunda. Brightened by 2 walls of windows, the spacious LR has a coffered ceiling, fireplace & mosaic tiled wall, while the DR is adorned with coved ceiling detail & bar. The gourmet eat-in Kit features a center island, limestone slate counters, lapis glass tile backsplash & top-of-the line appliances. A stone wet bar highlights the FR which provides access to the Balcony & fireplace. The expansive Master Suite includes a tiled wall, built-in day bed/window seat,2 walk-in closets & ultra-luxurious Bathroom. 2 additional Bedrooms share a Bathroom with oversized shower/tub, granite counter & marble wainscoting. Other features include Brazilian walnut floors & programmable HAI lighting/security/entertainment system.

Last Agent to Sell the Property

Robin Gordon

(610) 246-2281 robin@robingordon.com BHHS Fox & Roach-Haverford License #AB049690L Listed on: 02/17/2014

BHHS Fox & Roach-Haverford

Last Buyer's Agent

Eric Fox

(267) 625-4504 eric@efoxhomes.com Compass RE

Compass RE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,502

Year Built

  • Built in 1930

HOA Fees

  • $2,748 Monthly HOA Fees

Home Design

  • Colonial Architecture

Interior Spaces

  • 3,446 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Parking

  • Parking Lot
  • Rented or Permit Required

Utilities

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

Community Details

  • $5,496 Other One-Time Fees

Listing and Financial Details

  • Tax Lot 229
  • Assessor Parcel Number 888035530

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,502

Year Built

Built in 1930

Lot Details

0

HOA Fees

$2,748 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Colonial
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1930
  • Remarks Public: Occupying the entire 15th floor of The Lanesborough - one of the city's most exclusive condo buildings - this spectacular home offers breathtaking 360 degree views and is exquisitely appointed. Guests are welcomed by a dramatic Reception Hall & Gallery w/ a series of arches, marble flooring & Rotunda. Brightened by 2 walls of windows, the spacious LR has a coffered ceiling, fireplace & mosaic tiled wall, while the DR is adorned with coved ceiling detail & bar. The gourmet eat-in Kit features a center island, limestone slate counters, lapis glass tile backsplash & top-of-the line appliances. A stone wet bar highlights the FR which provides access to the Balcony & fireplace. The expansive Master Suite includes a tiled wall, built-in day bed/window seat,2 walk-in closets & ultra-luxurious Bathroom. 2 additional Bedrooms share a Bathroom with oversized shower/tub, granite counter & marble wainscoting. Other features include Brazilian walnut floors & programmable HAI lighting/security/entertainment system.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Dining Area
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Floors In Unit Count: 15
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Family Room, Bedroom 1
  • Basement: No
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 3446
  • Living Area Sq Ft: 3446
  • Net Sq Ft: 3446.00
  • Price Per Sq Ft: 652.93
  • Above Grade Finished Sq Ft: 3446
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1601

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Access To Pool: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 2748.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: No

Fee Information

  • Other Fees: 5496.00
  • Other Fees Frequency: One Time

Schools

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

Lot Info

  • Improvement Assessed Value: 37182.00
  • Land Assessed Value: 149530.00
  • Land Use Code: 590
  • Lot Size Units: Square Feet
  • Zoning: C5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4570666
  • Tax Annual Amount: 2502.00
  • Assessor Parcel Number: 888035530
  • Tax Lot: 229
  • Tax Year: 2014
  • Close Date: 04/30/2014

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2014
Closed on
Apr 30, 2014
Sold by
Cohen Benjamin and Cohen Ruthi
Bought by
Barg Stanley A and Barg Frances K
Seller's Agent
Robin Gordon
BHHS Fox & Roach-Haverford
Buyer's Agent
Eric Fox
Compass RE
List Price
$2,250,000
Sold Price
$2,150,000
Premium/Discount to List
-$100,000
-4.44%
Current Estimated Value
$2,256,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,596
Avg. Annual Appreciation
0.42%
Original Mortgage
$1,100,000
Outstanding Balance
$838,015
Interest Rate
4.32%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,418,581

Purchase Details

Closed on
Apr 23, 2009
Sold by
Harper Kevin
Bought by
Cohen Benjamin and Cohen Ruthi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
4.93%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 27, 2006
Sold by
Adr 1601 Locust Lp
Bought by
Harper Kevin
Source: Public Records

Range of Values:

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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
Barg Stanley A $2,150,000 None Available
Cohen Benjamin $2,050,000 None Available
Harper Kevin -- Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barg Stanley A $1,100,000
Closed Barg Stanley A $512,500
Previous Owner Cohen Benjamin $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2014 04/30/14 Sold $2,150,000 -4.4% $624 / Sq Ft
04/02/2014 04/02/14 Pending -- -- --
02/17/2014 02/17/14 For Sale $2,250,000 -- $653 / 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 $32,503 $2,322,000 $209,000 $2,113,000
2024 $32,503 $2,322,000 $209,000 $2,113,000
2023 $32,503 $2,322,000 $209,000 $2,113,000
2022 $27,076 $2,322,000 $209,000 $2,113,000
2021 $27,076 $0 $0 $0
2020 $27,076 $0 $0 $0
2019 $27,076 $0 $0 $0
2018 $21,977 $0 $0 $0
2017 $2,530 $0 $0 $0
2016 $2,614 $0 $0 $0
2015 $2,502 $0 $0 $0
2014 -- $1,495,300 $149,530 $1,345,770
2012 -- $376,416 $50,088 $326,328
Source: Public Records

Agents Affiliated with this Home

  • Robin Gordon

    Seller's Agent in 2014

    Robin Gordon

    BHHS Fox & Roach

    (610) 246-2281

    11 in this area

    1,294 Total Sales

    Robin Gordon
    Section Image
  • Eric Fox

    Buyer's Agent in 2014

    Eric Fox

    Compass RE

    (267) 625-4504

    12 in this area

    218 Total Sales

    Eric Fox
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003624623

Bright MLS

APN: 888035530

Pennsylvania Philadelphia County Philadelphia 19102 Rittenhouse Square

1601 Locust St Unit 1500, Philadelphia, PA

This home is located at 1601 Locust St Unit 1500, Philadelphia, PA 19102 since 17 February 2014 and is currently estimated at $2,256,596, approximately $654 per square foot. This property was built in 1930. 1601 Locust St Unit 1500 is a home located in Philadelphia County with nearby schools including Albert M Greenfield School, Benjamin Franklin High School, and Philadelphia Electrical & Tech Charter High School.

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