NOT LISTED FOR SALE

Estimated Value: $836,000 - $1,213,000

3 Beds
2 Baths
2,006 Sq Ft
$519/Sq Ft Est. Value

Last Sold April 28, 2018

Last sale price $980,000 $489 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,172/month

42 Days on Market

Highlights

  • Contemporary Architecture
  • 3-minute walk to 5Th Street
  • Eat-In Kitchen
  • Wood Flooring
  • Skylights
  • 3-minute walk to Girard Fountain Park

About This Home

As of April 2018

Presenting 28 N 3rd, one of the finest properties in Old City offering the most discerning a glorious melding of old and new, formal and casual, practical and luxurious. Built in 1857 by architect, Stephen D. Button, this grand marble Italianate was designed for prominent garment merchant, Henry Korn. Added to the Phila Register of Historic Places in 1984, this five-story boutique condo conversion boasts segmental arched window openings, marble Corinthian pilasters, window hoods with delicate carved keystones, bracketed cornices and a marble step to the recessed entrance. The rarely offered penthouse unit showcases a seamless blend of modern luxury and historic charm. Enter the unit and find a long, dramatic hallway begging for a magnificent fine art collection. The hall leads to a grand living room boasting 11.5' ceilings and masterfully refinished hardwood floors. The living space is bathed in sunlight from floor-to-ceiling windows and offers unrivaled sweeping south, west and north views of the city. Custom skylights and built-in modern shelving on a translucent wall allows natural light to dance from the living room to the Master bedroom. The magnificent commercial-grade kitchen is a chef's dream, featuring a Wolf range, Asko dishwasher and Sub-Zero refrigerator. Sage glass subway tile backsplash, top-of-the-line bright white cabinetry and a large granite island are perfect finishing touches. The Master bedroom is open and bright and includes skylights, custom California Closets and a spa-like en-suite bath with Carrera marble floors, a Toto toilet, Duravit sink and Hans Grohe faucets. Two additional bedrooms and a luxurious hall bath round out the unit. The tax abatement remains until 2020 and there is additional storage in the basement. Possibly the best part? This unit offers roof rights which will allow for a roof deck to rival any in the city. Situated in the heart of the neighborhood on bustling 3rd Street, this unit is perfect for the individual who loves the pulse of the city and the quiet of their own private residence. The neighborhood affords easy access to Penn's Landing, some of the best restaurants and local pubs and the most innovative art and fashion hosted by the region's most exciting independently owned shops. Achieve an ideal balance between privacy and the vibrancy of city living in one of the finest examples of 19th century architecture in Philadelphia. *1 year pre-paid parking included.

Last Agent to Sell the Property

Kristin McFeely

Compass RE License #RS288562 Listed on: 02/13/2018

Compass RE

Last Buyer's Agent

Michael McCann

KW Empower License #AB049770L

KW Empower

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,498

Year Built

  • Built in 1875 | Remodeled in 2010

Lot Details

  • Lot Dimensions are 30x131
  • Sprinkler System
  • Property is in good condition

HOA Fees

  • $515 Monthly HOA Fees

Parking

  • 1 Open Parking Space

Home Design

  • Contemporary Architecture
  • Stone Siding

Interior Spaces

  • 2,006 Sq Ft Home
  • Property has 3 Levels
  • Elevator
  • Ceiling height of 9 feet or more
  • Skylights
  • Living Room
  • Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Intercom
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • Old City Subdivision

Listing and Financial Details

  • Tax Lot 239
  • Assessor Parcel Number 888057966

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,498

Year Built

Built in 1875 | Remodeled in 2010

Lot Details

0

HOA Fees

$515 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Exclusions: Jonathan Adler Chandelier In Dining Room
  • Inclusions: Armoire In Back Bedroom, Bracket For Tv, Refrigerator
  • New Construction: No
  • Year Built: 1875
  • Year Renovated: 2010
  • Remarks Public: Presenting 28 N 3rd, one of the finest properties in Old City offering the most discerning a glorious melding of old and new, formal and casual, practical and luxurious. Built in 1857 by architect, Stephen D. Button, this grand marble Italianate was designed for prominent garment merchant, Henry Korn. Added to the Phila Register of Historic Places in 1984, this five-story boutique condo conversion boasts segmental arched window openings, marble Corinthian pilasters, window hoods with delicate carved keystones, bracketed cornices and a marble step to the recessed entrance. The rarely offered penthouse unit showcases a seamless blend of modern luxury and historic charm. Enter the unit and find a long, dramatic hallway begging for a magnificent fine art collection. The hall leads to a grand living room boasting 11.5' ceilings and masterfully refinished hardwood floors. The living space is bathed in sunlight from floor-to-ceiling windows and offers unrivaled sweeping south, west and north views of the city. Custom skylights and built-in modern shelving on a translucent wall allows natural light to dance from the living room to the Master bedroom. The magnificent commercial-grade kitchen is a chef's dream, featuring a Wolf range, Asko dishwasher and Sub-Zero refrigerator. Sage glass subway tile backsplash, top-of-the-line bright white cabinetry and a large granite island are perfect finishing touches. The Master bedroom is open and bright and includes skylights, custom California Closets and a spa-like en-suite bath with Carrera marble floors, a Toto toilet, Duravit sink and Hans Grohe faucets. Two additional bedrooms and a luxurious hall bath round out the unit. The tax abatement remains until 2020 and there is additional storage in the basement. Possibly the best part? This unit offers roof rights which will allow for a roof deck to rival any in the city. Situated in the heart of the neighborhood on bustling 3rd Street, this unit is perfect for the individual who loves the pulse of the city and the quiet of their own private residence. The neighborhood affords easy access to Penn's Landing, some of the best restaurants and local pubs and the most innovative art and fashion hosted by the region's most exciting independently owned shops. Achieve an ideal balance between privacy and the vibrancy of city living in one of the finest examples of 19th century architecture in Philadelphia. *1 year pre-paid parking included.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Flooring Type: Wood
  • Interior Amenities: Kitchen - Island, Skylight(s), Sprinkler System, Elevator, Intercom, Kitchen - Eat-In
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 2006
  • Living Area Sq Ft: 2006
  • Net Sq Ft: 2006.00
  • Price Per Sq Ft: 498.45
  • Above Grade Finished Sq Ft: 2006
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 28

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stone
  • Access To Pool: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 515.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Improvement Assessed Value: 219142.00
  • Land Assessed Value: 102200.00
  • Land Use Code: 570
  • Lot Dimensions: 30X131
  • Lot Size Units: Square Feet
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: CMX3

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1419234
  • Tax Annual Amount: 4498.00
  • Assessor Parcel Number: 888057966
  • Tax Lot: 239
  • Tax Year: 2018
  • Close Date: 04/28/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2018
Closed on
Apr 21, 2018
Sold by
Massey Anthony and Boyd Linda
Bought by
Cohen David and Ulrich Karen
Seller's Agent
Kristin McFeely
Compass RE
Buyer's Agent
Michael McCann
KW Empower
List Price
$1,020,000
Sold Price
$980,000
Premium/Discount to List
-$40,000
-3.92%
Current Estimated Value
$1,040,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,961
Avg. Annual Appreciation
2.00%

Purchase Details

Listed on
Mar 1, 2013
Closed on
May 15, 2013
Sold by
Murphy Lorraine
Bought by
Boyd Linda and Massey Anthony
Seller's Agent
Noah Ostroff
KW Empower
Buyer's Agent
Kristin McFeely
Compass RE
List Price
$790,000
Sold Price
$790,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.47%
Original Mortgage
$632,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 20, 2009
Sold by
28 North 3Rd Street Llc
Bought by
Narberth Property Acquisition Llc

Purchase Details

Closed on
Nov 2, 2006
Sold by
28 North 3Rd Street Llc
Bought by
Murphy Lorraine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$796,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Cohen David $980,000 En Title Ins Co
Cohen David $980,000 Entitle Ins Co
Boyd Linda $790,000 Title Services
Narberth Property Acquisition Llc -- None Available
Murphy Lorraine $995,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boyd Linda $632,000
Previous Owner Murphy Lorraine $211,384
Previous Owner Murphy Lorraine $796,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2018 04/28/18 Sold $980,000 -2.0% $489 / Sq Ft
03/27/2018 03/27/18 Pending -- -- --
03/12/2018 03/12/18 Price Changed $999,900 -2.0% $498 / Sq Ft
02/13/2018 02/13/18 For Sale $1,020,000 +29.1% $508 / Sq Ft
05/24/2013 05/24/13 Sold $790,000 0.0% $316 / Sq Ft
05/06/2013 05/06/13 Pending -- -- --
03/24/2013 03/24/13 Pending -- -- --
03/01/2013 03/01/13 For Sale $790,000 -- $316 / 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 $11,824 $946,000 $132,300 $813,700
2024 $11,824 $946,000 $132,300 $813,700
2023 $11,824 $844,700 $118,200 $726,500
2022 $11,480 $844,700 $118,200 $726,500
2021 $11,480 $0 $0 $0
2020 $5,053 $0 $0 $0
2019 $4,813 $0 $0 $0
2018 $4,498 $0 $0 $0
2017 $4,498 $0 $0 $0
2016 $2,571 $0 $0 $0
2015 $2,461 $0 $0 $0
2014 -- $443,400 $44,340 $399,060
2012 -- $66,112 $13,216 $52,896
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000150014

Bright MLS

APN: 888057966