NOT LISTED FOR SALE

Estimated Value: $389,000 - $523,652

1 Bed
1 Bath
827 Sq Ft
$584/mo HOA Fee

Last Sold August 01, 2016

Last sale price $430,000 $520 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,451/month

90 Days on Market

Highlights

  • Contemporary Architecture
  • 3-minute walk to 15Th-16Th & Locust St
  • Butlers Pantry
  • Wood Flooring
  • Balcony
  • 3-minute walk to Rittenhouse Square

About This Home

As of August 2016

This is a beautifully renovated and upgraded corner condominium in a charming pre-war building just off Rittenhouse Square. This boutique doorman building has just 30 units, with only 1-2 per floor, and it is a hidden gem in the neighborhood. Units in this building do not come up for sale very often (12 in 10 years) and one bedroom units are even rarer since there are only a few. The classically designed lobby and the personal service by the desk staff add to a feeling of stately elegance. The home was fully renovated in 2012 and new hardwood floors were installed in 2016. You enter through a vestibule with a large coat closet and a mirror and console, and then continue into a large living room boasting new hardwood floors, upgraded moldings and large North facing windows with skyline views. The contemporary designer kitchen includes custom cabinets, loads of counter space and name brand appliances. There is a large walk-in pantry closet for added storage and a full sized washer and dryer. The kitchen has a set of double sliding glass doors that lead to a balcony with city and park views. The bedroom is on a corner of the building and has Northern and Western city and park views. The bedroom currently contains a king size bed and a long storage cabinet under the windows. There is a wall of bedroom closets that have been outfitted with closet organizing systems. The bathroom has been fully renovated and there is a hall linen closet. The home comes with a deeded storage locker that sells separately for $12-15,000. The building is meticulously maintained by an association that has established a 15 year capital improvement plan for ongoing building maintenance and improvements. Owners pay into the capital reserve fund monthly to maintain adequate reserves and avoid owner assessments. New buyers make an additional one time payment into the reserve fund. Condominium fees include hot and cold water, Cable TV with premium channels, internet and trash collection. Owners pay for their own electricity usage. There are many short and long term parking options within a block of the building. In summary, this is a wonderful home in one of the best pre-war buildings in the city, and it is just steps from many of the best restaurants and shopping in the city.

Last Agent to Sell the Property

Tom Smitley

Compass RE Listed on: 04/21/2016

Compass RE

Last Buyer's Agent

Joe Pagano

BHHS Fox & Roach-Center City Walnut License #RS311654

BHHS Fox & Roach-Center City Walnut

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,078

Year Built

  • Built in 1926

Lot Details

  • Northwest Facing Home
  • Property is in good condition

HOA Fees

  • $584 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 827 Sq Ft Home
  • Property has 1 Level
  • Ceiling height of 9 feet or more
  • Family Room
  • Living Room
  • Laundry on main level

Kitchen

  • Butlers Pantry
  • Built-In Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • 1 Bedroom
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Association fees include common area maintenance, exterior building maintenance, snow removal, trash, water, sewer, management, alarm system
  • $2,338 Other One-Time Fees
  • Rittenhouse Square Subdivision

Listing and Financial Details

  • Tax Lot 310
  • Assessor Parcel Number 888086894

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,078

Year Built

Built in 1926

Lot Details

0

HOA Fees

$584 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Exclusions: Vestibule Console & Mirror
  • Inclusions: Refrigerator, Washer, Dryer, Closet Organizing System
  • New Construction: No
  • Year Built: 1926
  • Remarks Public: This is a beautifully renovated and upgraded corner condominium in a charming pre-war building just off Rittenhouse Square. This boutique doorman building has just 30 units, with only 1-2 per floor, and it is a hidden gem in the neighborhood. Units in this building do not come up for sale very often (12 in 10 years) and one bedroom units are even rarer since there are only a few. The classically designed lobby and the personal service by the desk staff add to a feeling of stately elegance. The home was fully renovated in 2012 and new hardwood floors were installed in 2016. You enter through a vestibule with a large coat closet and a mirror and console, and then continue into a large living room boasting new hardwood floors, upgraded moldings and large North facing windows with skyline views. The contemporary designer kitchen includes custom cabinets, loads of counter space and name brand appliances. There is a large walk-in pantry closet for added storage and a full sized washer and dryer. The kitchen has a set of double sliding glass doors that lead to a balcony with city and park views. The bedroom is on a corner of the building and has Northern and Western city and park views. The bedroom currently contains a king size bed and a long storage cabinet under the windows. There is a wall of bedroom closets that have been outfitted with closet organizing systems. The bathroom has been fully renovated and there is a hall linen closet. The home comes with a deeded storage locker that sells separately for $12-15,000. The building is meticulously maintained by an association that has established a 15 year capital improvement plan for ongoing building maintenance and improvements. Owners pay into the capital reserve fund monthly to maintain adequate reserves and avoid owner assessments. New buyers make an additional one time payment into the reserve fund. Condominium fees include hot and cold water, Cable TV with premium channels, internet and trash collection. Owners pay for their own electricity usage. There are many short and long term parking options within a block of the building. In summary, this is a wonderful home in one of the best pre-war buildings in the city, and it is just steps from many of the best restaurants and shopping in the city.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Range, Dishwasher, Refrigerator, Disposal
  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Butlers Pantry
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Foyer
  • Floors In Unit Count: 11
  • Levels Count: 1
  • Room Count: 3
  • Room List: Living Room, Primary Bedroom, Kitchen, Family Room
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 827
  • Living Area Sq Ft: 827
  • Net Sq Ft: 827.00
  • Price Per Sq Ft: 555.02
  • Above Grade Finished Sq Ft: 827
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 250

Beds/Baths

  • Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1

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: Electric
  • Heating Type: Electric, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 584.41
  • HOA Fee Frequency: Monthly
  • Additional Association Fees: Hot Water
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Snow Removal, Trash, Water, Sewer, Management, Alarm System
  • HOA: No
  • Senior Community: No

Fee Information

  • Other Fees: 2337.64
  • Other Fees Frequency: One Time

Schools

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

Lot Info

  • Improvement Assessed Value: 262170.00
  • Land Assessed Value: 29130.00
  • Land Use Code: 590
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Property Condition: Good
  • Zoning: RM4

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1429738
  • Tax Annual Amount: 4078.00
  • Assessor Parcel Number: 888086894
  • Tax Lot: 310
  • Tax Year: 2016
  • Close Date: 08/01/2016

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2016
Closed on
Aug 1, 2016
Sold by
Marzluf Eric S
Bought by
Lauff Michael J and Hauler Glenn E
Seller's Agent
Tom Smitley
Compass RE
Buyer's Agent
Joe Pagano
BHHS Fox & Roach-Center City Walnut
List Price
$459,000
Sold Price
$430,000
Premium/Discount to List
-$29,000
-6.32%
Current Estimated Value
$441,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,663
Avg. Annual Appreciation
0.30%

Purchase Details

Closed on
Jan 31, 2001
Sold by
Two Fifty Rittenhouse Corp
Bought by
Marzluf Eric S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.13%
Source: Public Records

Range of Values:

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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
Lauff Michael J $430,000 None Available
Marzluf Eric S -- --
Marzluf Eric S $177,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lauff Michael J $100,000
Closed Lauff Michael J $26,000
Previous Owner Marzluf Eric S $154,000
Previous Owner Marzluf Eric S $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2016 08/01/16 Sold $430,000 -6.3% $520 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
04/21/2016 04/21/16 For Sale $459,000 -- $555 / 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 $5,574 $418,100 $41,700 $376,400
2024 $5,574 $418,100 $41,700 $376,400
2023 $5,574 $398,200 $39,800 $358,400
2022 $4,437 $353,200 $39,800 $313,400
2021 $5,067 $0 $0 $0
2020 $5,067 $0 $0 $0
2019 $14 $0 $0 $0
2018 $4,607 $0 $0 $0
2017 $4,607 $0 $0 $0
2016 $4,078 $0 $0 $0
2015 $3,903 $0 $0 $0
2014 -- $291,300 $29,130 $262,170
2012 -- $20,480 $4,096 $16,384
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002418122

Bright MLS

APN: 888086894