NOT LISTED FOR SALE

Estimated Value: $581,000 - $729,000

2 Beds
2 Baths
1,470 Sq Ft
$992/mo HOA Fee

Last Sold November 04, 2020

Last sale price $550,000 $374 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $5,603/month

21 Days on Market

Highlights

  • Concierge
  • Elevator
  • No Interior Steps
  • Contemporary Architecture
  • 1 Car Direct Access Garage
  • 1-minute walk to Washington Square

About This Home

As of November 2020

Premier corner 2 bedroom 2 bath residence in Independence Place. Delightful views of the Society Hill tree tops and a panoramic view of the eastern sky (Custom House, IM Pei's Society Hill Towers, St Peter's steeple, and the Delaware River fireworks). The lovely balcony offers private outdoor space just above the treetops. The '07 line of units is most desirable; including a split floorplan with two large bedrooms (the Main Suite offers a sitting area, en-suite bath and walk-in closet; and a spacious living and dining area with walls of windows and the balcony showcasing historic Society Hill. Hardwood floors. Ample closet space plus a private storage locker behind the mail room in the lobby. Update the kitchen and baths to create one of the premier condominium residences on Washington Square. Enjoy this ideal residence in its perfect location. NOTE--Independence Place is in the process of a substantial capital improvement project that will serve the new buyer and association as a whole for decades to come, including increased property values. The Seller will pay the associated assessment ($24,621 ) in full so buyer will receive the complete benefit with none of the cost. These capital improvements include redesign and landscaping of the front courtyard into an pleasing, elegant plaza, landscaping of 6th Street retaining wall for greater visual appeal, redesign and upgrade of entrance and lobby, create a much larger and easier accessible bike storage room, create more storage spaces (#607 already includes one of these much-coveted spaces, which are an approximately 4x4x4 locker with key). GARAGE PARKING available in the Independence Place Garage underneath the building.

Last Agent to Sell the Property

Jeff Block

Compass RE License #AB065556 Listed on: 09/09/2020

Compass RE

Last Buyer's Agent

Paul Lipowicz

Compass RE License #RS295133

Compass RE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,123

Year Built

  • Built in 1985

Lot Details

  • 1,481

HOA Fees

  • $992 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • Private Parking
  • On-Site Parking for Rent
  • Secure Parking

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 1,470 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • No Interior Steps

Schools

  • Greenfield Albert Elementary And Middle School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Back Up Electric Heat Pump System

Listing and Financial Details

  • Tax Lot 384
  • Assessor Parcel Number 888054622

Community Details

Overview

  • $1,984 Capital Contribution Fee
  • Association fees include air conditioning, all ground fee, common area maintenance, cook fee, electricity, exterior building maintenance, heat, insurance, management, reserve funds, sewer, snow removal, trash, water
  • High-Rise Condominium
  • Independence Place Condos
  • Independence Place Community
  • Society Hill Subdivision
  • Property Manager

Amenities

  • Concierge
  • Elevator
  • Community Storage Space

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,123

Year Built

Built in 1985

Lot Details

0

HOA Fees

$992 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: No Stairs
  • Ownership: Condominium
  • Exclusions: Black modern wall sconce in living room.
  • Inclusions: All appliances, storage locker behind mail room in lobby.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-09-16
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Remarks Public: Premier corner 2 bedroom 2 bath residence in Independence Place. Delightful views of the Society Hill tree tops and a panoramic view of the eastern sky (Custom House, IM Pei's Society Hill Towers, St Peter's steeple, and the Delaware River fireworks). The lovely balcony offers private outdoor space just above the treetops. The '07 line of units is most desirable; including a split floorplan with two large bedrooms (the Main Suite offers a sitting area, en-suite bath and walk-in closet; and a spacious living and dining area with walls of windows and the balcony showcasing historic Society Hill. Hardwood floors. Ample closet space plus a private storage locker behind the mail room in the lobby. Update the kitchen and baths to create one of the premier condominium residences on Washington Square. Enjoy this ideal residence in its perfect location. NOTE--Independence Place is in the process of a substantial capital improvement project that will serve the new buyer and association as a whole for decades to come, including increased property values. The Seller will pay the associated assessment ($24,621 ) in full so buyer will receive the complete benefit with none of the cost. These capital improvements include redesign and landscaping of the front courtyard into an pleasing, elegant plaza, landscaping of 6th Street retaining wall for greater visual appeal, redesign and upgrade of entrance and lobby, create a much larger and easier accessible bike storage room, create more storage spaces (#607 already includes one of these much-coveted spaces, which are an approximately 4x4x4 locker with key). GARAGE PARKING available in the Independence Place Garage underneath the building.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 6
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1470
  • Living Area Sq Ft: 1470
  • Price Per Sq Ft: 399.66
  • Above Grade Finished Sq Ft: 1470
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 233

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: No
  • Parking Features: On-Site - Rent, Private, Secure Parking
  • Garage Features: Inside Access
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Multi Units, Zoned
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump - Electric Backup, Zoned
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 992.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Independence Place
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Extra Storage
  • HOA Condo Co-Op Fee Includes: Air Conditioning, All Ground Fee, Common Area Maintenance, Cook Fee, Electricity, Ext Bldg Maint, Heat, Insurance, Management, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 1984.00

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Elementary School: GREENFIELD ALBERT
  • Middle School: GREENFIELD ALBERT
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397108
  • School District Source: Listing Agent
  • Elementary School: GREENFIELD ALBERT
  • Middle Or Junior School: GREENFIELD ALBERT

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 516500.00
  • Land Assessed Value: 63800.00
  • Land Use Code: 590
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2020
  • Zoning: CMX4

Rental Info

  • Pets: Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 1425244
  • School Tax: 4457.00
  • Tax Annual Amount: 8123.00
  • Assessor Parcel Number: 888054622
  • Tax Lot: 384
  • Tax Total Finished Sq Ft: 1470
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/04/2020

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2020
Closed on
Oct 24, 2020
Sold by
Kilgemian Don and Estate Of Bernice Kllgerman
Bought by
Schwartz Mitchell and Schwartz Leslie
Seller's Agent
Jeff Block
Compass RE
Buyer's Agent
Paul Lipowicz
Compass RE
List Price
$587,500
Sold Price
$550,000
Premium/Discount to List
-$37,500
-6.38%
Current Estimated Value
$712,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,382
Avg. Annual Appreciation
5.44%
Original Mortgage
$412,500
Outstanding Balance
$371,837
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$335,868

Purchase Details

Closed on
Jul 22, 2019
Sold by
Cressy G Robert
Bought by
Jeshar Llc

Purchase Details

Closed on
Mar 13, 1987
Bought by
Kligerman Jerome L and Kligerman Bernice
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
Schwartz Mitchell $550,000 None Available
Jeshar Llc $625,000 None Available
Kligerman Jerome L $156,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwartz Mitchell $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2020 11/04/20 Sold $550,000 -6.4% $374 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
09/09/2020 09/09/20 For Sale $587,500 -- $400 / 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 $8,123 $603,500 $66,300 $537,200
2024 $8,123 $603,500 $66,300 $537,200
2023 $8,123 $580,300 $63,800 $516,500
2022 $7,493 $535,300 $63,800 $471,500
2021 $8,123 $0 $0 $0
2020 $8,123 $0 $0 $0
2019 $7,886 $0 $0 $0
2018 $7,511 $0 $0 $0
2017 $7,511 $0 $0 $0
2016 $6,873 $0 $0 $0
2015 $6,506 $0 $0 $0
2014 -- $521,000 $21,800 $499,200
2012 -- $61,152 $2,079 $59,073
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH932350

Bright MLS

APN: 888054622