NOT LISTED FOR SALE

Estimated Value: $1,189,000 - $1,193,216

3 Beds
2.5 Baths
1,700 Sq Ft
$698/mo HOA Fee

Last Sold June 24, 2024

Last sale price $1,150,000 $676 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,395/month

182 Days on Market

Highlights

  • Straight Thru Architecture
  • 2-minute walk to 15Th-16Th & Locust St
  • Property is in excellent condition
  • Forced Air Heating and Cooling System

About This Home

As of June 2024

Welcome to TwoSixTwo, Rittenhouse Square's nicest boutique condo building, located centrally at 16th and Spruce Streets in Center City. Unit 2 at TwoSixTwo is a stunning 3 bedroom, 2.5 bathroom residence spanning three floors of the building and includes multiple levels of private outdoor space. While TwoSixTwo's beautifully designed brick facade aligns perfectly with the cornice edges of the historic buildings that fill the block, the interior is bright and modern, lending a beautiful mix between classic and new. Unit 2 is the definition of privacy, offering city living paired with tranquility. As you enter your front door, you are met with a gorgeous chef's kitchen, equipped with Viking appliances, rich quartz waterfall countertops, tons of custom cabinetry, and Hubberton Forge pendants. Off the open kitchen and living room, you enter your large patio, where you can be free to read a book on your private patio or host your friends for a stylish dinner party. The lower level has two secondary bedrooms, a large, stunning bathroom, ample storage space, and another outdoor patio off of both bedrooms, perfect to hang a TV and watch your favorite movie under the heat lamps as the weather gets crisp. Both exteriors are equipped with outdoor lighting. The primary bedroom, bathroom, and master closet can be found on the top floor, overlooking the open living room. The large Owner's suite is perfectly set up with an incredible bathroom, outfitted with Porcelanosa tile throughout, a free-standing soaking tub, rainfall shower head, double vanity, and heated floors. This home also offers direct access to the building's common roof deck, offering breathtaking panoramic views of the city. The long list of building amenities includes package concierge, cold storage, large temperature-controlled on-site storage, and smart home technology. Most importantly, this home has a 10-year tax abatement! This location can't be beaten, with tons of restaurants, shopping, and Rittenhouse Square Park just steps away. Famous nearby landmarks and eateries include the Kimmel Center, Pennsylvania Academy of the Fine Arts, Lacroix Restaurant at The Rittenhouse, Parc, Rouge, and Via Locusta. There's easy access to surrounding neighborhoods and major roadways via Broad Street, Market Street, and public transportation. Opportunities to own a luxury, new-construction home, in a boutique condo building located in Rittenhouse Square don't come often! Taxes and square footage are the responsibility of the buyer to have verified.

Last Agent to Sell the Property

Jim Onesti

KW Empower Listed on: 10/30/2023

KW Empower

Co-Listed By

Arvind Balaji

KW Empower

Last Buyer's Agent

Dan Giannetto

Compass RE

Compass RE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,827

Year Built

  • Built in 2022

Lot Details

  • Property is in excellent condition

HOA Fees

  • $698 Monthly HOA Fees

Home Design

  • Straight Thru Architecture
  • Masonry

Interior Spaces

  • 1,700 Sq Ft Home
  • Property has 3 Levels
  • Washer and Dryer Hookup
  • Finished Basement

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • Off-Street Parking
  • Parking Fee

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 95
  • Assessor Parcel Number 888800584

Community Details

Overview

  • $1,396 Capital Contribution Fee
  • Association fees include alarm system, common area maintenance, exterior building maintenance, reserve funds, snow removal
  • Low-Rise Condominium
  • Twosixtwo Condos
  • Rittenhouse Square Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,827

Year Built

Built in 2022

Lot Details

0

HOA Fees

$698 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Straight Thru
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 2022
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to TwoSixTwo, Rittenhouse Square's nicest boutique condo building, located centrally at 16th and Spruce Streets in Center City. Unit 2 at TwoSixTwo is a stunning 3 bedroom, 2.5 bathroom residence spanning three floors of the building and includes multiple levels of private outdoor space. While TwoSixTwo's beautifully designed brick facade aligns perfectly with the cornice edges of the historic buildings that fill the block, the interior is bright and modern, lending a beautiful mix between classic and new. Unit 2 is the definition of privacy, offering city living paired with tranquility. As you enter your front door, you are met with a gorgeous chef's kitchen, equipped with Viking appliances, rich quartz waterfall countertops, tons of custom cabinetry, and Hubberton Forge pendants. Off the open kitchen and living room, you enter your large patio, where you can be free to read a book on your private patio or host your friends for a stylish dinner party. The lower level has two secondary bedrooms, a large, stunning bathroom, ample storage space, and another outdoor patio off of both bedrooms, perfect to hang a TV and watch your favorite movie under the heat lamps as the weather gets crisp. Both exteriors are equipped with outdoor lighting. The primary bedroom, bathroom, and master closet can be found on the top floor, overlooking the open living room. The large Owner's suite is perfectly set up with an incredible bathroom, outfitted with Porcelanosa tile throughout, a free-standing soaking tub, rainfall shower head, double vanity, and heated floors. This home also offers direct access to the building's common roof deck, offering breathtaking panoramic views of the city. The long list of building amenities includes package concierge, cold storage, large temperature-controlled on-site storage, and smart home technology. Most importantly, this home has a 10-year tax abatement! This location can't be beaten, with tons of restaurants, shopping, and Rittenhouse Square Park just steps away. Famous nearby landmarks and eateries include the Kimmel Center, Pennsylvania Academy of the Fine Arts, Lacroix Restaurant at The Rittenhouse, Parc, Rouge, and Via Locusta. There's easy access to surrounding neighborhoods and major roadways via Broad Street, Market Street, and public transportation. Opportunities to own a luxury, new-construction home, in a boutique condo building located in Rittenhouse Square don't come often! Taxes and square footage are the responsibility of the buyer to have verified.
  • Washer Dryer Hookups YN: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Fireplace: No
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1700
  • Living Area Sq Ft: 1700
  • Price Per Sq Ft: 852.94
  • Above Grade Finished Sq Ft: 1700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 262

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Parking Fee
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 698.25
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: TwoSixTwo
  • HOA Condo Co-Op Fee Includes: Alarm System, Common Area Maintenance, Ext Bldg Maint, Reserve Funds, Snow Removal
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 1396.00

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: SC
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: CMX3

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 1551.00
  • Tax Annual Amount: 2827.00
  • Assessor Parcel Number: 888800584
  • Tax Lot: 95
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 06/24/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2023
Closed on
Jun 19, 2024
Sold by
Liss Renee C
Bought by
Knox Dean and Lee Hueiyu
Seller's Agent
Jim Onesti
KW Empower
Buyer's Agent
Dan Giannetto
Compass RE
List Price
$1,550,000
Sold Price
$1,150,000
Premium/Discount to List
-$400,000
-25.81%
Views
143
Current Estimated Value
$1,185,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,776
Avg. Annual Appreciation
2.72%
Original Mortgage
$150,000
Outstanding Balance
$15,397
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$1,170,379
Source: Public Records

Range of Values:

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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
Knox Dean $1,150,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Knox Dean $150,000
Open Knox Dean $766,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2024 06/24/24 Sold $1,150,000 -20.7% $676 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
03/04/2024 03/04/24 Price Changed $1,450,000 -3.3% $853 / Sq Ft
12/14/2023 12/14/23 Price Changed $1,500,000 -3.2% $882 / Sq Ft
10/30/2023 10/30/23 For Sale $1,550,000 -- $912 / 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 $2,828 $955,900 $143,400 $812,500
2024 $2,828 $955,900 $143,400 $812,500
2023 $18,847 $1,346,400 $202,000 $1,144,400
2022 $18,847 $1,346,400 $202,000 $1,144,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2292534

Bright MLS

APN: 888800584