NOT LISTED FOR SALE

Estimated Value: $224,000 - $279,139

1 Bed
1 Bath
715 Sq Ft
$358/mo HOA Fee

Last Sold April 26, 2024

Last sale price $250,000 $350 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,086/month

11 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Community Storage Space
  • 3-minute walk to Welcome Park

About This Home

As of April 2024

Welcome to this awesome loft condo in Philadelphia's Old City Neighborhood. The Wireworks condo community is in the heart of Old City and the entry is tucked away off Race Street in an idyllic well-manicured courtyard. This loft-style condominium exudes character with its tall wood-beamed ceilings, expansive windows, light wood flooring, and exposed brick walls and ductwork. Just off the elevator on the 4th floor of a five-story building, this 700-square-foot residence is a true urban oasis.Step inside to discover an inviting kitchen adorned with white cabinetry, neutral countertops, and a suite of essential appliances including an electric oven, dishwasher, refrigerator, freezer, and built-in microwave. The kitchen's brick wall seamlessly transitions into the spacious living and dining area, creating an atmosphere of rustic charm.The theme of architectural charm continues into the bedroom, where timber-beamed ceilings and a generous double wall closet, plus a 2nd closet within the bedroom, create a cozy retreat.A tastefully appointed bathroom completes the home, featuring a modern vanity and a convenient tub and shower combination just steps away from the bedroom.Practical amenities abound, including an in-unit washer and dryer, pull-down stair access for additional storage within the condo, an outfitted closet in the hallway, plus a dedicated storage locker and bicycle storage on the courtyard level. The building's attentive management and meticulous maintenance ensure peace of mind for residents. With low condo fees and a pet-friendly policy (1-Pet Per Condo with a weight limit), The Wireworks offers convenience and flexibility. Recent upgrades to the common areas enhance the overall appeal of this exceptional property.Experience the vibrant pulse of Old City living with easy access to local dining, shopping, and cultural attractions. From cherished eateries like Cafe Ole and Race Street Cafe to historic landmarks like Independence Mall and The Liberty Bell, every corner of this neighborhood tells a story.Convenient transportation options, including the Market Street line, make exploring the city a breeze. Whether you're strolling through Franklin Square Park or immersing yourself in the rich history of Elfreth's Alley, Old City offers endless possibilities for exploration and discovery.Step into the past while embracing the comforts of modern living at The Wireworks building, where historic allure meets contemporary convenience in the heart of Old City. FHA & VA financing accepted.

Last Agent to Sell the Property

Stephen Ferguson

Compass RE License #RS271804 Listed on: 03/15/2024

Compass RE

Last Buyer's Agent

Jamie Quinn

Keller Williams Main Line License #RS326137

Keller Williams Main Line

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,345

Year Built

  • Built in 1870

Lot Details

  • 697

HOA Fees

  • $358 Monthly HOA Fees

Home Design

  • Masonry

Interior Spaces

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

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 514
  • Assessor Parcel Number 888056306

Community Details

Overview

  • $716 Capital Contribution Fee
  • Association fees include exterior building maintenance, snow removal, sewer, insurance, all ground fee, common area maintenance, management, pest control, trash
  • Mid-Rise Condominium
  • Old City Subdivision

Amenities

  • Common Area

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,345

Year Built

Built in 1870

Lot Details

0

HOA Fees

$358 per month

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
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-03-16
  • Year Built: 1870
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to this awesome loft condo in Philadelphia's Old City Neighborhood. The Wireworks condo community is in the heart of Old City and the entry is tucked away off Race Street in an idyllic well-manicured courtyard. This loft-style condominium exudes character with its tall wood-beamed ceilings, expansive windows, light wood flooring, and exposed brick walls and ductwork. Just off the elevator on the 4th floor of a five-story building, this 700-square-foot residence is a true urban oasis. Step inside to discover an inviting kitchen adorned with white cabinetry, neutral countertops, and a suite of essential appliances including an electric oven, dishwasher, refrigerator, freezer, and built-in microwave. The kitchen's brick wall seamlessly transitions into the spacious living and dining area, creating an atmosphere of rustic charm. The theme of architectural charm continues into the bedroom, where timber-beamed ceilings and a generous double wall closet, plus a 2nd closet within the bedroom, create a cozy retreat. A tastefully appointed bathroom completes the home, featuring a modern vanity and a convenient tub and shower combination just steps away from the bedroom. Practical amenities abound, including an in-unit washer and dryer, pull-down stair access for additional storage within the condo, an outfitted closet in the hallway, plus a dedicated storage locker and bicycle storage on the courtyard level. The building's attentive management and meticulous maintenance ensure peace of mind for residents. With low condo fees and a pet-friendly policy (1-Pet Per Condo with a weight limit), The Wireworks offers convenience and flexibility. Recent upgrades to the common areas enhance the overall appeal of this exceptional property. Experience the vibrant pulse of Old City living with easy access to local dining, shopping, and cultural attractions. From cherished eateries like Cafe Ole and Race Street Cafe to historic landmarks like Independence Mall and The Liberty Bell, every corner of this neighborhood tells a story. Convenient transportation options, including the Market Street line, make exploring the city a breeze. Whether you're strolling through Franklin Square Park or immersing yourself in the rich history of Elfreth's Alley, Old City offers endless possibilities for exploration and discovery. Step into the past while embracing the comforts of modern living at The Wireworks building, where historic allure meets contemporary convenience in the heart of Old City. FHA & VA financing accepted.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 4
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 715
  • Living Area Sq Ft: 715
  • Price Per Sq Ft: 349.65
  • Above Grade Finished Sq Ft: 715
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 301

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full 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

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 358.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Extra Storage, Storage Bin
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Snow Removal, Sewer, Insurance, All Ground Fee, Common Area Maintenance, Management, Pest Control, Trash
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 716.00

Schools

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

Lot Info

  • Land Use Code: 590
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: CMX3

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • School Tax: 1835.00
  • Tax Annual Amount: 3345.00
  • Assessor Parcel Number: 888056306
  • Tax Lot: 514
  • Tax Total Finished Sq Ft: 715
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/26/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2024
Closed on
Apr 24, 2024
Sold by
Kahan Michael
Bought by
Mcreynolds Samuel V
Seller's Agent
Stephen Ferguson
Compass RE
Buyer's Agent
Jamie Quinn
Keller Williams Main Line
List Price
$250,000
Sold Price
$250,000
Total Days on Market
11
Views
83
Current Estimated Value
$258,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,285
Avg. Annual Appreciation
2.98%
Original Mortgage
$242,500
Outstanding Balance
$240,156
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$18,129

Purchase Details

Closed on
Jul 12, 2004
Sold by
Fanjoy William H
Bought by
Kahan Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,800
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 21, 2003
Sold by
Lieberman David
Bought by
Fanjoy William H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
3.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 8, 2002
Sold by
Creamer Richard
Bought by
Lieberman David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,525
Interest Rate
5.5%

Purchase Details

Closed on
May 14, 2002
Sold by
Hairston Felicia
Bought by
Creamer Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,525
Interest Rate
5.5%

Purchase Details

Closed on
Apr 25, 1997
Sold by
Sovereign Realty 1982 Vii
Bought by
Hairston Felicia
Source: Public Records

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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
Mcreynolds Samuel V $250,000 None Listed On Document
Kahan Michael $222,000 --
Fanjoy William H $215,000 Lawyers Title Ins
Lieberman David $139,500 --
Creamer Richard $93,500 Lawyers Title Insurance Corp
Hairston Felicia $73,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcreynolds Samuel V $242,500
Previous Owner Kahan Michael $196,400
Previous Owner Kahan Michael $198,000
Previous Owner Kahan Michael $45,000
Previous Owner Kahan Michael $199,800
Previous Owner Fanjoy William H $172,000
Previous Owner Lieberman David $132,525
Previous Owner Creamer Richard $84,150
Closed Fanjoy William H $21,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $250,000 0.0% $350 / Sq Ft
03/15/2024 03/15/24 For Sale $250,000 -- $350 / 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 $3,346 $249,700 $37,400 $212,300
2024 $3,346 $249,700 $37,400 $212,300
2023 $3,346 $239,000 $35,800 $203,200
2022 $2,479 $194,000 $35,800 $158,200
2021 $3,109 $0 $0 $0
2020 $3,109 $0 $0 $0
2019 $3,019 $0 $0 $0
2018 $2,599 $0 $0 $0
2017 $3,019 $0 $0 $0
2016 $2,296 $0 $0 $0
2015 $2,198 $0 $0 $0
2014 -- $194,000 $37,200 $156,800
2012 -- $19,680 $3,988 $15,692
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2330478

Bright MLS

APN: 888056306