NOT LISTED FOR SALE

318 N Preston St Unit 2 Philadelphia, PA 19104

West Powelton Neighborhood

Estimated Value: $310,000 - $440,000

2 Beds
2 Baths
800 Sq Ft
$485/Sq Ft Est. Value

Last Sold March 23, 2021

Last sale price $306,888 $384 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,307/month

335 Days on Market

Highlights

  • New Construction
  • 4-minute walk to 40Th Street
  • Forced Air Heating and Cooling System
  • Contemporary Architecture
  • Wood Flooring
  • 5-minute walk to Vidas Athletic Complex

About This Home

As of March 2021

FINAL UNIT AVAILABLE IN BRAND NEW MODERN 318 N PRESTON ST. Approved 10-year tax abatement and low HOA! New 2020 construction 2 bedroom / 2 bathroom low maintenance open-floor plan, bright and airy condo centrally located in University City/West Philadelphia. Close to Penn/Drexel and the University of Pennsylvania Hospital. Just 2 blocks from the 40th St SEPTA train station! Unit 2 is full of designer touches, from acacia hardwood to modern designer light fixtures. This unit includes a chef’s kitchen with, Calacatta Lazza Quartz counters, stainless appliances, including a gas stove, designer tile, and soft-close cabinets. Bathrooms feature waterfall showerheads and slate flooring. The house comes equipped with a NEW Nest thermostat, video doorbell and a full sized, in-unit washer dryer! House is located in UPenn and Drexels Employee Down Payment Assistance programs zone and is next to the safety patrol zone. Tour today!

Last Agent to Sell the Property

Glen Gomez

Real of Pennsylvania Listed on: 03/17/2020

Last Buyer's Agent

Qiao Shen

RE/MAX Plus License #RS351013

RE/MAX Plus

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $612

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 1,568

HOA Fees

  • $160 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Rubber Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 800 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

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

Community Details

  • Association fees include common area maintenance, water, insurance, sewer
  • 318 N Preston Home Owner Association
  • University City Subdivision

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$612

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$160 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Inclusions: All appliances, builder warranty, approved 10-year tax abatement
  • New Construction: Yes
  • Story List: Main
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: FINAL UNIT AVAILABLE IN BRAND NEW MODERN 318 N PRESTON ST. Approved 10-year tax abatement and low HOA! New 2020 construction 2 bedroom / 2 bathroom low maintenance open-floor plan, bright and airy condo centrally located in University City/West Philadelphia. Close to Penn/Drexel and the University of Pennsylvania Hospital. Just 2 blocks from the 40th St SEPTA train station! Unit 2 is full of designer touches, from acacia hardwood to modern designer light fixtures. This unit includes a chef’s kitchen with, Calacatta Lazza Quartz counters, stainless appliances, including a gas stove, designer tile, and soft-close cabinets. Bathrooms feature waterfall showerheads and slate flooring. The house comes equipped with a NEW Nest thermostat, video doorbell and a full sized, in-unit washer dryer! House is located in UPenn and Drexels Employee Down Payment Assistance programs zone and is next to the safety patrol zone. Tour today!
  • Special Features: 4098
  • Property Sub Type: Townhouses

Interior Features

  • Flooring Type: Hardwood
  • Fireplace: No
  • Levels Count: 1
  • Room List: Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2
  • Basement: No
  • Total Sq Ft: 800
  • Living Area Sq Ft: 800
  • Price Per Sq Ft: 386.25
  • Above Grade Finished Sq Ft: 800
  • 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
  • Construction Materials: Brick Veneer, Combination, Masonry, Vinyl Siding
  • Construction Completed: No
  • Roof: Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

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: 160.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Water, Insurance, Sewer
  • HOA Name: 318 N PRESTON HOME OWNER ASSOCIATION
  • HOA: No
  • Senior Community: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: 3rd Party

Lot Info

  • Zoning: RSA 5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2019
  • Close Date: 03/23/2021

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2020
Closed on
Mar 20, 2021
Sold by
Bmr Development Llc
Bought by
Yu Huasheng
Seller's Agent
Glen Gomez
Real of Pennsylvania
Buyer's Agent
Qiao Shen
RE/MAX Plus
List Price
$329,000
Sold Price
$306,888
Premium/Discount to List
-$22,112
-6.72%
Current Estimated Value
$387,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,779
Avg. Annual Appreciation
3.39%
Original Mortgage
$297,681
Outstanding Balance
$270,510
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$85,508
Source: Public Records

Range of Values:

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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
Yu Huasheng $306,888 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yu Huasheng $297,681
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2021 03/23/21 Sold $306,888 -0.7% $384 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
11/12/2020 11/12/20 Price Changed $309,000 -1.6% $386 / Sq Ft
10/11/2020 10/11/20 Price Changed $314,000 -1.6% $393 / Sq Ft
09/10/2020 09/10/20 Price Changed $319,000 -1.8% $399 / Sq Ft
06/18/2020 06/18/20 Price Changed $325,000 -1.2% $406 / Sq Ft
03/17/2020 03/17/20 For Sale $329,000 -- $411 / 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 $612 $306,000 $45,800 $260,200
2024 $612 $306,000 $45,800 $260,200
2023 $612 $291,500 $43,700 $247,800
2022 $612 $43,700 $43,700 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2021

    Glen Gomez

    Real of Pennsylvania

    Section Image
  • Qiao Shen

    Buyer's Agent in 2021

    Qiao Shen

    RE/MAX

    (267) 206-1939

    2 in this area

    80 Total Sales

    Qiao Shen
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH884208

Bright MLS

APN: 888066002

Pennsylvania Philadelphia County Philadelphia 19104 West Powelton

318 N Preston St Unit 2, Philadelphia, PA

This home is located at 318 N Preston St Unit 2, Philadelphia, PA 19104 since 17 March 2020 and is currently estimated at $387,667, approximately $484 per square foot. This property was built in 2020. 318 N Preston St Unit 2 is a home located in Philadelphia County with nearby schools including Alain Locke School, West Philadelphia High School, and Our Mother of Sorrows/St. Ignatius of Loyola Catholic School.

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