$1,500,000

Estimated payment $8,906/month

Total Views 6,566
2 Beds
2 Baths
1,407 Sq Ft
$1,066 Price per Sq Ft

Highlights

  • Forced Air Heating and Cooling System
  • 1 Car Garage
  • 2-minute walk to 15Th-16Th & Locust St

About This Home

Welcome to Unit 7 at 262 South 16th Street, a rare full-floor condominium offering over 1,400 square feet of refined living space in the heart of Rittenhouse Square. This two-bedroom, two-bath residence blends timeless elegance with modern comfort, featuring soaring 10.5-foot ceilings and expansive windows that bathe the home in natural light.
Step off the private elevator directly into the home, where an open-concept layout invites effortless living and entertaining. The spacious living and dining area flows seamlessly onto a large private balcony, perfect for indoor-outdoor entertaining or enjoying a quiet city moment. At the heart of the home is a chef’s dream kitchen, showcasing custom cabinetry, designer appliances, and a grand center island with waterfall quartz countertops.
A private roof deck crowns the home, offering panoramic city views—an exceptional space for dining al fresco, sunbathing, or evening relaxation.
Finishing the home is the opulent primary suite comprised of a large bedroom with floor-to-ceiling windows, a walk-in closet, and an indulgent, spa-like en-suite adorned with a free-standing soaking tub, rainfall shower-heads, and a double vanity. The second bedroom is generously sized and served by a sleek full bathroom, offering flexibility for guests, work-from-home, or additional living space.
Additional highlights include central air, hardwood floors throughout, in-unit laundry, and six years remaining on the tax abatement, ensuring long-term value. Seller is offering 1 year prepaid parking at 1500 Locust St Parking Garage (1 Block away)
Perfectly positioned just steps from the lush greenery of Rittenhouse Square, this home is surrounded by acclaimed restaurants, boutique shops, and cultural landmarks—making it a rare offering for those seeking luxurious, low-maintenance living in one of Philadelphia’s most prestigious neighborhoods.

Listing Agent

Ben Hooson-Jones

(610) 368-9041 ben@mccannteam.com KW Empower License #RS341171 Listed on: 06/14/2025

KW Empower

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,235

Year Built

  • Built in 2020

HOA Fees

  • $715 Monthly HOA Fees

Parking

  • Prepaid Parking
  • Assigned Parking Garage Space

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,407 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed

Utilities

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

Listing and Financial Details

  • Tax Lot 95
  • Assessor Parcel Number 888000326

Community Details

Overview

  • $1,430 Capital Contribution Fee
  • Association fees include exterior building maintenance, reserve funds, snow removal
  • Mid-Rise Condominium
  • Rittenhouse Square Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,235

Year Built

Built in 2020

Lot Details

0

HOA Fees

$715 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Inclusions: Outdoor Furniture
  • New Construction: No
  • Story List: Main
  • Expected On Market: 6/14/2025 12:00:00 AM
  • Year Built: 2020
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 5
  • Foundation Details: Other
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1407
  • Living Area Sq Ft: 1407
  • Price Per Sq Ft: 1066.10
  • Above Grade Finished Sq Ft: 1407
  • Above Grade Finished Area Units: Square Feet

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: Mixed
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Prepaid
  • Garage Features: Covered Parking
  • 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
  • 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: 715.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Reserve Funds, Snow Removal
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 1430.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: CMX3

Rental Info

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

Tax Info

  • School Tax: 1723.00
  • Tax Annual Amount: 3234.94
  • Assessor Parcel Number: 888000326
  • Tax Lot: 95
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2026 $3,142 $1,541,100 $231,100 $1,310,000
2025 $3,142 $1,541,100 $231,100 $1,310,000
2024 $3,142 $1,541,100 $231,100 $1,310,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2025 11/13/25 Price Changed $1,500,000 -6.0% $1,066 / Sq Ft
09/08/2025 09/08/25 Price Changed $1,595,000 -0.3% $1,134 / Sq Ft
07/29/2025 07/29/25 Price Changed $1,600,000 -3.0% $1,137 / Sq Ft
07/07/2025 07/07/25 Price Changed $1,650,000 -5.7% $1,173 / Sq Ft
06/14/2025 06/14/25 For Sale $1,750,000 +11.1% $1,244 / Sq Ft
10/22/2021 10/22/21 Sold $1,575,000 -3.1% $1,119 / Sq Ft View Prior Sale
08/20/2021 08/20/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $1,625,000 -- $1,155 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $1,575,000 Great American Abstract
Source: Public Records

Source: Bright MLS

MLS Number: PAPH2492060

Bright MLS

APN: 888001300