Landlord's Agent in 2025
Damon Michels
KW Main Line - Narberth
(610) 668-3400
16 in this area
649 Total Sales
2016 Locust St Philadelphia, PA 19103
Rittenhouse Square Neighborhood
4
Beds
1
Bath
--
Sq Ft
1,320
Sq Ft Lot
Highlights
- Transitional Architecture
- Efficiency Studio
- Bathtub with Shower
- Upgraded Countertops
- Stainless Steel Appliances
- Living Room
About This Home
As of August 2025This studio apartment in the heart of the city features updated kitchen area and full bathroom with bathtub. Laundry specific to the unit is located right outside door. This apartment is located in one of the most desirable neighborhoods in Philadelphia. You are just a couple blocks off from Rittenhouse Square Park. Walk to shops, restaurants and more! Schedule a showing today!
Last Agent to Rent the Property
(610) 668-3400 damon@damonmichels.com KW Main Line - Narberth License #AB067731 Listed on: 02/27/2025
Last Renter's Agent
(610) 668-3400 damon@damonmichels.com KW Main Line - Narberth License #AB067731 Listed on: 02/27/2025
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $15,175
Year Built
- Built in 1800
Lot Details
- 1,320 Sq Ft Lot
- Lot Dimensions are 17.00 x 80.00
Parking
- On-Street Parking
Home Design
- Transitional Architecture
- Entry on the 1st floor
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- Property has 1 Level
- Recessed Lighting
- Living Room
- Efficiency Studio
- Laundry on lower level
- Finished Basement
Kitchen
- Electric Oven or Range
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
Bedrooms and Bathrooms
- 1 Full Bathroom
- Bathtub with Shower
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Residential Lease
- Security Deposit $1,250
- Tenant pays for cable TV, insurance, all utilities
- 12-Month Min and 24-Month Max Lease Term
- Available 4/1/25
- Assessor Parcel Number 082098290
Community Details
Overview
- Rittenhouse Square Subdivision
Pet Policy
- Pets allowed on a case-by-case basis
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 6, 2021
Closed on
Mar 31, 2022
Sold by
2016 Locust Street Llc
Bought by
Michels Damon C
Seller's Agent
Damon Michels
KW Main Line - Narberth
Buyer's Agent
Damon Michels
KW Main Line - Narberth
List Price
$1,699,000
Sold Price
$1,375,000
Premium/Discount to List
-$324,000
-19.07%
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
$45,156
Avg. Annual Appreciation
0.92%
Original Mortgage
$962,500
Outstanding Balance
$789,079
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$631,077
Purchase Details
Listed on
Nov 22, 2016
Closed on
May 16, 2017
Sold by
Myers Charles L
Bought by
2016 Locust St Llc
Seller's Agent
Deborah Solo
Solo Real Estate, Inc.
Buyer's Agent
Damon Michels
KW Main Line - Narberth
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Purchase Details
Listed on
Jul 11, 2014
Closed on
Jan 9, 2015
Sold by
Balderston Richard A and Balderston Claudia F
Bought by
Myers Charles L
Seller's Agent
Shauli David
Elfant Wissahickon-Rittenhouse Square
Buyer's Agent
Deborah Solo
Solo Real Estate, Inc.
List Price
$1,100,000
Sold Price
$915,000
Premium/Discount to List
-$185,000
-16.82%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.85%
Original Mortgage
$915,000
Interest Rate
3.96%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 26, 1984
Bought by
Balderston Richard A and Balderston Claudia F
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Michels Damon C | $1,375,000 | None Listed On Document | |
| 2016 Locust St Llc | $1,000,000 | None Available | |
| Myers Charles L | $915,000 | None Available | |
| Balderston Richard A | $187,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Michels Damon C | $962,500 | |
| Previous Owner | Myers Charles L | $915,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/01/2025 08/01/25 | Rented | $1,280 | +2.4% | -- | |
| 07/18/2025 07/18/25 | Under Contract | -- | -- | -- | |
| 02/27/2025 02/27/25 | For Rent | $1,250 | -2.3% | -- | |
| 05/01/2024 05/01/24 | Rented | $1,280 | +4.5% | -- | |
| 02/15/2024 02/15/24 | Price Changed | $1,225 | -3.9% | -- | |
| 12/22/2023 12/22/23 | For Rent | $1,275 | 0.0% | -- | |
| 04/01/2022 04/01/22 | Sold | $1,375,000 | +1.9% | $448 / Sq Ft | View Prior Sale |
| 02/01/2022 02/01/22 | Pending | -- | -- | -- | |
| 12/14/2021 12/14/21 | Price Changed | $1,350,000 | +8.0% | $440 / Sq Ft | |
| 12/14/2021 12/14/21 | Price Changed | $1,250,000 | -19.4% | $407 / Sq Ft | |
| 09/09/2021 09/09/21 | Price Changed | $1,550,000 | -8.8% | $505 / Sq Ft | |
| 08/06/2021 08/06/21 | For Sale | $1,699,000 | +69.9% | $553 / Sq Ft | |
| 05/15/2017 05/15/17 | Sold | $1,000,000 | -16.7% | $326 / Sq Ft | View Prior Sale |
| 04/24/2017 04/24/17 | Pending | -- | -- | -- | |
| 11/22/2016 11/22/16 | For Sale | $1,200,000 | +31.1% | $391 / Sq Ft | |
| 01/09/2015 01/09/15 | Sold | $915,000 | -16.8% | $298 / Sq Ft | View Prior Sale |
| 11/19/2014 11/19/14 | Pending | -- | -- | -- | |
| 07/11/2014 07/11/14 | For Sale | $1,100,000 | -- | $358 / 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 | $15,175 | $1,367,700 | $273,540 | $1,094,160 |
| 2024 | $15,175 | $1,367,700 | $273,540 | $1,094,160 |
| 2023 | $15,175 | $1,084,100 | $216,820 | $867,280 |
| 2022 | $12,033 | $1,084,100 | $216,820 | $867,280 |
| 2021 | $12,033 | $0 | $0 | $0 |
| 2020 | $12,033 | $0 | $0 | $0 |
| 2019 | $13,998 | $0 | $0 | $0 |
| 2018 | $1,146 | $0 | $0 | $0 |
| 2017 | $9,313 | $0 | $0 | $0 |
| 2016 | $9,313 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $665,300 | $264,000 | $401,300 |
| 2012 | -- | $91,200 | $17,344 | $73,856 |
Source: Public Records
Agents Affiliated with this Home
-
Damon Michels
-
Monika Maj
Buyer Co-Listing Agent in 2024
Monika Maj
KW Main Line - Narberth
(215) 906-7943
2 in this area
12 Total Sales
-
Deborah Solo
Seller's Agent in 2017
Deborah Solo
Solo Real Estate, Inc.
(215) 564-7703
4 in this area
39 Total Sales
-
Shauli David
Seller's Agent in 2015
Shauli David
Elfant Wissahickon-Rittenhouse Square
(215) 605-0917
6 in this area
88 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2450260
APN: 082098290
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