NOT LISTED FOR SALE

1706 Locust St Philadelphia, PA 19103

Rittenhouse Square Neighborhood

Estimated Value: $2,310,362

-- Bed
-- Bath
4,180 Sq Ft
$553/Sq Ft Est. Value

Last Sold March 30, 2016

Last sale price $1,962,500 $469 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $13,735/month

Highlights

  • No HOA
  • 3-minute walk to 15Th-16Th & Locust St
  • Heating System Uses Gas
  • En-Suite Primary Bedroom
  • Central Air
  • 3-minute walk to Rittenhouse Square

About This Home

As of March 2016

Once in a lifetime, Rittenhouse Square opportunity for the savy investor located block from Rittenhouse Square. Commercial space is located on the first floor and has access to the basement. Year 3 of 10 year NNN lease with two 5 year options. NOI 100,000+/-. The recently renovated apartment upstairs take up 3 level (2nd/3rd/4th floors) that features 3 beds, 3 baths, high end finishes, washer/dryer, two living and dining areas, full kitchen and much, much more!

Last Agent to Sell the Property

Frank DeFazio

(610) 636-4364 frank@centercityteam.com BHHS Fox & Roach-Center City Walnut Listed on: 01/04/2016

BHHS Fox & Roach-Center City Walnut

Last Buyer's Agent

Franz Rabauer

(610) 304-8861 franz@kurfiss.com Kurfiss Sotheby's International Realty License #RS216905L

Kurfiss Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,553

Year Built

  • Built in 1916

Lot Details

  • 1,936 Sq Ft Lot
  • Lot Dimensions are 20x90

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 4,180 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 110
  • Assessor Parcel Number 871072900

Community Details

Overview

  • No Home Owners Association
  • Rittenhouse Square Subdivision

Building Details

  • Operating Expense $16,804

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,553

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 4180
  • Living Area Sq Ft: 4180
  • Price Per Sq Ft: 469.50
  • Above Grade Finished Sq Ft: 4180
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1706

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

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

  • Land Use Code: S70
  • Lot Size Acres: 0.04
  • Lot Dimensions: 20X90
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1936.00
  • Zoning: CMX3

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 120000.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 17553.00
  • Assessor Parcel Number: 871072900
  • Tax Lot: 110
  • Tax Year: 2016
  • Close Date: 03/30/2016

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2016
Closed on
Mar 3, 2016
Sold by
1706 Locust Llc
Bought by
Locust 17 Llc
Seller's Agent
Frank DeFazio
BHHS Fox & Roach-Center City Walnut
Buyer's Agent
Franz Rabauer
Kurfiss Sotheby's International Realty
List Price
$2,499,999
Sold Price
$1,962,500
Premium/Discount to List
-$537,499
-21.5%
Current Estimated Value
$2,310,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,862
Avg. Annual Appreciation
1.27%
Original Mortgage
$1,400,000
Outstanding Balance
$1,123,126
Interest Rate
3.65%
Mortgage Type
Commercial
Estimated Equity
$1,089,890

Purchase Details

Closed on
Nov 8, 2011
Sold by
Sailor Joshua E and Sailor Matthew G
Bought by
1706 Locust Llc
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
Locust 17 Llc $1,962,500 None Available
1706 Locust Llc $1,300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Locust 17 Llc $1,400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2016 03/30/16 Sold $1,962,500 -21.5% $469 / Sq Ft
03/14/2016 03/14/16 Pending -- -- --
01/04/2016 01/04/16 For Sale $2,499,999 0.0% $598 / Sq Ft
06/01/2013 06/01/13 Rented $3,300 +10.0% --
05/15/2013 05/15/13 Under Contract -- -- --
03/04/2013 03/04/13 For Rent $3,000 -- --
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 $18,402 $1,270,700 $254,140 $1,016,560
2024 $18,402 $1,270,700 $254,140 $1,016,560
2023 $18,402 $1,314,600 $262,920 $1,051,680
2022 $16,457 $1,314,600 $262,920 $1,051,680
2021 $16,457 $0 $0 $0
2020 $16,457 $0 $0 $0
2019 $16,295 $0 $0 $0
2018 $15,821 $0 $0 $0
2017 $17,553 $0 $0 $0
2016 $17,093 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $1,254,000 $360,000 $894,000
2012 -- $112,000 $51,461 $60,539
Source: Public Records

Agents Affiliated with this Home

  • Frank DeFazio

    Seller's Agent in 2016

    Frank DeFazio

    BHHS Fox & Roach

    (610) 636-4364

    10 in this area

    260 Total Sales

    Frank DeFazio
    Section Image
  • Franz Rabauer

    Buyer's Agent in 2016

    Franz Rabauer

    Kurfiss Sotheby's International Realty

    (610) 304-8861

    3 in this area

    43 Total Sales

    Franz Rabauer
    Section Image
  • Susan DiCicco

    Buyer's Agent in 2013

    Susan DiCicco

    Keller Williams Real Estate-Doylestown

    (215) 852-2325

    2 Total Sales

    Susan DiCicco
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002372730

Bright MLS

APN: 871072900

Pennsylvania Philadelphia County Philadelphia 19103 Rittenhouse Square

1706 Locust St, Philadelphia, PA

This home is located at 1706 Locust St, Philadelphia, PA 19103 since 04 January 2016 and is currently estimated at $2,310,362, approximately $552 per square foot. This property was built in 1916. 1706 Locust St is a home located in Philadelphia County with nearby schools including Albert M Greenfield School, Benjamin Franklin High School, and Freire Middle School.

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