225 Race St Unit 400 Philadelphia, PA 19106
Old City NeighborhoodEstimated payment $5,798/month
Highlights
- Penthouse
- Gourmet Kitchen
- Panoramic View
- Rooftop Deck
- Parking Attendant
- 2-minute walk to Welcome Park
About This Home
Unicorns do exist in real estate. With a 97 Walk Score and 97 Transit Score, you’re just half a block from Philadelphia’s Erewhon—Riverwards Produce Market in Old City. This is a once-in-a-lifetime opportunity to own a truly rare, fully renovated top-floor penthouse loft in a boutique four-story former fabric mill built circa 1860. The building was thoughtfully restored to highlight original architectural elements like exposed brick walls, wood beam ceilings, ductwork, and random-width original hardwood floors, all while incorporating modern upgrades for today's lifestyle. This two-bedroom, two-bathroom condominium combines period charm with contemporary comfort with a Private Roof Deck and Pilot House. It includes off-street parking for one covered valet garage parking space, a gas fireplace, in-unit laundry, home office space, and a private modern elevator that opens directly into the unit. One of the standout features is the private rooftop deck and pilot house, exclusive to this unit, offering stunning 360-degree views of Old City, the Center City skyline, and the Delaware River. The living space is flooded with natural light thanks to large, operable factory windows and skylights on all sides of the unit. The open-concept living, dining, and kitchen areas are ideal for entertaining. The gourmet kitchen features custom 42-inch solid wood cabinetry, a Sub-Zero refrigerator and freezer, Wolf 6-burner gas range with convection oven, built-in microwave and wall oven, Best high-CFM range hood, stone countertops, a custom tile backsplash, LED under-cabinet lighting, a double-bowl undermount sink, disposal, and an oversized pantry. Everything is designed with both form and function in mind. The spacious primary bedroom suite includes a full wall of custom-built closet storage and a luxurious en suite bath. The bath is outfitted with a walk-in stone-tiled shower with multiple heads and body jets, dual sinks, custom wood vanity, stone counters, Kohler fixtures, LED sconces, recessed lighting, and a linen closet. The second full bath features a Kohler bathtub and shower combination, stone wall and floor tile, a wood vanity with stone countertop, LED lighting, and is conveniently located next to the in-unit laundry room. This home has been meticulously upgraded with a high-efficiency AO Smith Pro Line XE gas hot water heater, a Bryant Legacy Line high-efficiency HVAC system, and an upgraded electrical panel dedicated solely to this unit. The original hardwood floors were professionally refinished to maintain their character while offering a modern, lived-in patina. The entire unit has just been professionally painted, and the building’s common hallways and exterior were also recently refreshed. The private rooftop deck, accessible only from this unit, features a Trex deck with railing and a dedicated gas line for grilling—perfect for hosting or simply relaxing above the city. Safety and convenience are top priorities in this well-managed building, which includes a fire suppression sprinkler system throughout and intercom/doorbell systems at both the front and rear entrances. You’ll love living in the heart of historic Old City, known for its beautiful architecture, art galleries, boutiques, restaurants, cafes, and cultural landmarks. You’re also within easy reach of Market and Broad Street lines, I-76, I-95, I-676, 30th Street Station, the Philadelphia Airport, and bridges to New Jersey. This move-in-ready penthouse offers the perfect blend of historic character, modern luxury, and a premier location. With the Philadelphia Homestead Exemption, the estimated property taxes for 2025 are just $6,414. Don’t miss this one-of-a-kind opportunity to own a piece of Philadelphia history with all the amenities of modern living.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,813
Year Built
- Built in 1860
HOA Fees
- $619 Monthly HOA Fees
Parking
- 1 Assigned Subterranean Space
- Assigned parking located at #102
- Heated Garage
- Lighted Parking
- Parking Attendant
Property Views
- River
- Panoramic
- City
Home Design
- Penthouse
- Contemporary Architecture
- Entry on the 4th floor
- Brick Exterior Construction
- Masonry
Interior Spaces
- 1,976 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Built-In Features
- Beamed Ceilings
- Ceiling Fan
- Skylights
- Recessed Lighting
- Screen For Fireplace
- Fireplace Mantel
- Metal Fireplace
- Gas Fireplace
- Double Pane Windows
- ENERGY STAR Qualified Windows with Low Emissivity
- Replacement Windows
- Insulated Windows
- Double Hung Windows
- Palladian Windows
- Atrium Windows
- Casement Windows
- Window Screens
- ENERGY STAR Qualified Doors
- Insulated Doors
- Entrance Foyer
- Living Room
- Dining Room
- Den
Kitchen
- Gourmet Kitchen
- Breakfast Area or Nook
- Built-In Self-Cleaning Oven
- Gas Oven or Range
- Commercial Range
- Six Burner Stove
- Built-In Range
- Range Hood
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
- Wine Rack
- Disposal
Flooring
- Solid Hardwood
- Stone
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- 2 Full Bathrooms
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
- Washer
Improved Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Drainage System
- Sump Pump
- Drain
Home Security
- Home Security System
- Intercom
Eco-Friendly Details
- Energy-Efficient Appliances
- Green Energy Fireplace or Wood Stove
- Energy-Efficient Construction
- Energy-Efficient HVAC
- Energy-Efficient Lighting
- Green Energy Flooring
- Home Energy Management
- ENERGY STAR Qualified Equipment for Heating
Outdoor Features
- Rooftop Deck
- Exterior Lighting
Utilities
- 90% Forced Air Heating and Cooling System
- Back Up Gas Heat Pump System
- 200+ Amp Service
- High-Efficiency Water Heater
- Natural Gas Water Heater
Additional Features
- Accessible Elevator Installed
- Sprinkler System
Listing and Financial Details
- Tax Lot 804
- Assessor Parcel Number 888039120
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, snow removal
- 1 Elevator
- Low-Rise Condominium
- Old City Subdivision
Pet Policy
- Pets Allowed
Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
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 | $7,478 | $558,200 | $78,100 | $480,100 |
2024 | $7,478 | $558,200 | $78,100 | $480,100 |
2023 | $7,478 | $534,200 | $74,800 | $459,400 |
2022 | $7,191 | $534,200 | $74,800 | $459,400 |
2021 | $7,191 | $0 | $0 | $0 |
2020 | $7,191 | $0 | $0 | $0 |
2019 | $1,314 | $0 | $0 | $0 |
2018 | $1,276 | $0 | $0 | $0 |
2017 | $1,276 | $0 | $0 | $0 |
2016 | $870 | $0 | $0 | $0 |
2015 | $833 | $0 | $0 | $0 |
2014 | -- | $407,800 | $40,780 | $367,020 |
2012 | -- | $72,704 | $7,264 | $65,440 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
09/12/2025 09/12/25 | For Sale | $849,900 | -- | $430 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Deed | $600,000 | None Available |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $299,500 | New Conventional | |
Closed | $340,000 | New Conventional | |
Closed | $350,000 | New Conventional | |
Previous Owner | $1,150,000 | Unknown | |
Previous Owner | $150,000 | Unknown |
Source: Bright MLS
MLS Number: PAPH2536968

APN: 888039120
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