Seller's Agent in 2023
Margaux Genovese Pelegrin
Compass RE
(215) 205-2400
23 in this area
338 Total Sales
309 S 3rd St Philadelphia, PA 19106
Society Hill NeighborhoodEstimated Value: $2,551,000 - $3,110,000
4
Beds
7
Baths
7,929
Sq Ft
$353/Sq Ft
Est. Value
Highlights
- Sauna
- 2 Fireplaces
- Patio
- Federal Architecture
- No HOA
- 1-minute walk to Three Bears Park
About This Home
As of May 2023This classic 1864 Federal Style Society Hill mansion captures the soul of historic Philadelphia. Value begins at its almost 26' width, 14' ceilings, original pine floors, restored plaster moldings and a sweeping staircase that rises softly from floor to floor. The home's east/west exposures and large paned windows (3-across) ensure bright natural light throughout the home. The home features 4 bedrooms, an au pair suite with its own private entrance, 4 full baths, 3 half-baths and 1-car parking. The grand Federal proportions offer elegance to any personal style of living or entertaining. Its marbled baths, gas fireplaces, elevator service to all five floors and a Clive Christian kitchen seamlessly deliver the modern luxury you'd expect from this caliber of home. The chandeliered entry foyer gives way to the grand hallway which features an original work of art by White House muralist Zuber & Cie. The hallway is the home's gateway to both its public and private areas. The first floor is home to both formal living and dining rooms; both complete with antique crystal chandeliers and fireplaces. In addition, the hallway provides access to the grand stairs, elevator, powder room and fabulous eat-in chef's kitchen which overlooks a formal garden with fountain and immediate access to your parking. Halfway up the staircase you'll find a family/den/library room for more casual living, complete with custom wood cabinetry and powder room. Up another half floor to the 2nd is the master suite with fireplace, his & her walk-in closets and luxurious marble bathroom with steam shower. This floor also features a private office. Up to the 3rd floor you'll find a guest suite w/ private marbled bath, two additional bedrooms and shared full bath along with storage and more storage. The 4th floor features a custom wet bar, media room, half bath, greenhouse and spectacular views of the city and bridges. The 1,980 sq. ft. lower level is beautifully renovated including a large multipurpose room, dry sauna, and gym.
The City of Philadelphia has completed a real estate tax reassessment, effective January 1, 2023. If you have any questions or concerns about the impact of this reassessment on future real estate taxes, please contact the City of Philadelphia.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $46,795
Year Built
- Built in 1864
Lot Details
- 3,380 Sq Ft Lot
- Lot Dimensions are 25.00 x 133.00
Home Design
- Federal Architecture
- Masonry
Interior Spaces
- 7,929 Sq Ft Home
- Property has 4 Levels
- 2 Fireplaces
- Sauna
- Basement
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
Parking
- 1 Open Parking Space
- 1 Parking Space
- Private Parking
- Parking Lot
- Parking Fee
Utilities
- Central Air
- Hot Water Heating System
- Electric Water Heater
Additional Features
- Accessible Elevator Installed
- Patio
Community Details
- No Home Owners Association
- Society Hill Subdivision
Listing and Financial Details
- Tax Lot 353
- Assessor Parcel Number 051057700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 31, 2006
Sold by
Grasso David and Grasso Liana
Bought by
Murphy Matthew E and Murphy Alexandra
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$873,516
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,795,262
Purchase Details
Closed on
Mar 8, 2005
Sold by
Hecht Saul and Hecht Alicia
Bought by
Grasso David and Grasso Liana
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.75%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Murphy Matthew E | $2,550,000 | None Available | |
| Grasso David | $2,550,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Murphy Matthew E | $1,500,000 | |
| Previous Owner | Grasso David | $1,500,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2023 05/19/23 | Sold | $2,800,000 | -6.5% | $353 / Sq Ft |
| 03/29/2023 03/29/23 | Price Changed | $2,995,000 | -11.9% | $378 / Sq Ft |
| 01/21/2023 01/21/23 | Price Changed | $3,400,000 | -12.6% | $429 / Sq Ft |
| 09/07/2022 09/07/22 | For Sale | $3,888,500 | 0.0% | $490 / Sq Ft |
| 10/01/2020 10/01/20 | Rented | $10,000 | -9.1% | -- |
| 08/01/2020 08/01/20 | For Rent | $11,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $46,795 | $2,906,200 | $581,200 | $2,325,000 |
| 2024 | $46,795 | $2,906,200 | $581,200 | $2,325,000 |
| 2023 | $46,795 | $3,343,000 | $668,600 | $2,674,400 |
| 2022 | $46,795 | $3,343,000 | $668,600 | $2,674,400 |
| 2021 | $46,795 | $0 | $0 | $0 |
| 2020 | $46,795 | $0 | $0 | $0 |
| 2019 | $45,284 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $35,171 | $0 | $0 | $0 |
| 2016 | $35,171 | $0 | $0 | $0 |
| 2015 | $245,506 | $0 | $0 | $0 |
| 2014 | -- | $2,512,600 | $224,063 | $2,288,537 |
| 2012 | -- | $223,424 | $46,622 | $176,802 |
Source: Public Records
Agents Affiliated with this Home
-
Margaux Genovese Pelegrin
-
Fred Manfred
Seller Co-Listing Agent in 2023
Fred Manfred
Compass RE
(215) 687-8687
8 in this area
27 Total Sales
-
John Kuester
Buyer's Agent in 2023
John Kuester
Fusion PHL Realty, LLC
(610) 883-3960
8 in this area
647 Total Sales
-
Alon Seltzer
Seller's Agent in 2020
Alon Seltzer
Compass RE
(215) 915-2000
15 in this area
160 Total Sales
-
Lavinia Smerconish
Seller Co-Listing Agent in 2020
Lavinia Smerconish
Compass RE
(610) 615-5400
1 in this area
372 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2153818
APN: 051057700
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