$520,000
SOLD AUG 21, 2024
4 Beds
3 Baths
2,150 Sq Ft
623 Sq Ft Lot

Recently Sold

$242 Per Sq Ft

2% Below List Price

199 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Engineered Wood Flooring
  • River View
  • Traditional Architecture
  • 1-minute walk to Growing Home Community Gardens

About This Home

As of August 2024

NOW COMPLETED 6/7/2024 Introducing 505 Mercy St., a 2,150 sq. ft., 3-bedroom, 3-bathroom high-quality custom-built new construction nestled on a serene block in Dickinson Narrows. No expense was spared in the creation of this exquisite home, where meticulous attention to detail is evident throughout. Offering convenience with easy access to Center City, I-95, the Sports Complex, and South Jersey, this home is also conveniently located near Passyunk Ave restaurants and all the vibrant offerings of Pennsport. Step into the open concept living area adorned with stunning engineered hardwood floors. The kitchen boasts custom cabinetry, a spacious island seating 4, and top-of-the-line GE Café appliances. Step out from the kitchen to a fenced-in private backyard, ideal for gatherings with loved ones. The second floor welcomes you with two bedrooms featuring ample closet space, a laundry room, and a luxurious full bathroom with a glass-enclosed shower and custom-made vanity. Ascend to the master suite where a deluxe wet bar, expansive bedroom, and spa-like bathroom with a makeup counter and custom-built double vanity await. Head up to the full-sized TPO rooftop deck w/ floating tile and plenty of exterior lighting access to water and electric to enjoy the panoramic views of downtown Center City & the stadiums. The basement, with an open floor plan, includes a full bathroom and the flexibility for an optional 4th bedroom or office space. This unique property in Dickinson Narrows, complete with a charming community garden, promises a one-of-a-kind living experience. Additionally, this property comes with an approved 10-year tax abatement, a one-year builder's warranty, and a 25-year warranty on the TPO rooftop deck w/ floating tile. Contact the listing agent for further details and to schedule a viewing of this exceptional home.

Last Agent to Sell the Property

Mitchel Mullen

KW Empower License #RS350946 Listed on: 12/15/2023

KW Empower

Last Buyer's Agent

KENDAL GUIZADO O'RILEY

Keller Williams Real Estate Tri-County

Keller Williams Real Estate Tri-County

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,006

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 623 Sq Ft Lot
  • Backs To Open Common Area
  • Wood Fence
  • Back Yard
  • Property is in excellent condition

Property Views

  • River
  • City
  • Park or Greenbelt

Home Design

  • Traditional Architecture
  • Bump-Outs
  • Slab Foundation
  • Tile Roof
  • Vinyl Siding
  • Brick Front

Interior Spaces

  • 2,150 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • Paneling
  • Beamed Ceilings
  • Ceiling height of 9 feet or more
  • Dining Area
  • Efficiency Studio
  • Flood Lights
  • Laundry on upper level
  • Finished Basement

Kitchen

  • Self-Cleaning Oven
  • Built-In Range
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Tile or Brick
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Parking

  • Free Parking
  • On-Street Parking
  • Off-Site Parking
  • Unassigned Parking

Accessible Home Design

  • Halls are 36 inches wide or more
  • More Than Two Accessible Exits

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • Building Winterized
  • Dickinson Narrows Subdivision

Listing and Financial Details

  • Tax Lot 65
  • Assessor Parcel Number 392054100

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,006

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Accessibility Features: 2+ Access Exits, 36"+ Wide Halls
  • Ownership: Fee Simple
  • Exclusions: W/D
  • Inclusions: Ten Year Tax Abatement & One Year Builders Warrranty, 25 Year warranty on TPO
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Federal Flood Zone: No
  • Year Built: 2024
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: NOW COMPLETED 6/7/2024 Introducing 505 Mercy St., a 2,150 sq. ft., 3-bedroom, 3-bathroom high-quality custom-built new construction nestled on a serene block in Dickinson Narrows. No expense was spared in the creation of this exquisite home, where meticulous attention to detail is evident throughout. Offering convenience with easy access to Center City, I-95, the Sports Complex, and South Jersey, this home is also conveniently located near Passyunk Ave restaurants and all the vibrant offerings of Pennsport. Step into the open concept living area adorned with stunning engineered hardwood floors. The kitchen boasts custom cabinetry, a spacious island seating 4, and top-of-the-line GE Café appliances. Step out from the kitchen to a fenced-in private backyard, ideal for gatherings with loved ones. The second floor welcomes you with two bedrooms featuring ample closet space, a laundry room, and a luxurious full bathroom with a glass-enclosed shower and custom-made vanity. Ascend to the master suite where a deluxe wet bar, expansive bedroom, and spa-like bathroom with a makeup counter and custom-built double vanity await. Head up to the full-sized TPO rooftop deck w/ floating tile and plenty of exterior lighting access to water and electric to enjoy the panoramic views of downtown Center City & the stadiums. The basement, with an open floor plan, includes a full bathroom and the flexibility for an optional 4th bedroom or office space. This unique property in Dickinson Narrows, complete with a charming community garden, promises a one-of-a-kind living experience. Additionally, this property comes with an approved 10-year tax abatement, a one-year builder's warranty, and a 25-year warranty on the TPO rooftop deck w/ floating tile. Contact the listing agent for further details and to schedule a viewing of this exceptional home.
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Exhaust Fan, Oven - Self Cleaning, Range Hood, Refrigerator, Stainless Steel Appliances
  • Entry Floor: 1
  • Flooring Type: Engineered Wood, Tile/Brick, Luxury Vinyl Tile
  • Interior Amenities: Combination Kitchen/Dining, Combination Kitchen/Living, Combination Dining/Living, Dining Area, Efficiency, Floor Plan - Open, Kitchen - Island, Pantry, Wet/Dry Bar, Walk-In Closet(s), Upgraded Countertops, Tub Shower
  • Wall Ceiling Types: Dry Wall, 9'+ Ceilings, High, Beamed Ceilings, Paneled Walls
  • Foundation Details: Slab
  • Floors In Unit Count: 4
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Fully Finished
  • Laundry Type: Upper Floor
  • Total Sq Ft: 2150
  • Living Area Sq Ft: 2150
  • Price Per Sq Ft: 246.51
  • Above Grade Finished Sq Ft: 2150
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 505

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Brick Front, Vinyl Siding
  • Construction Completed: Yes
  • Exterior Features: Bump-Outs, Exterior Lighting, Flood Lights
  • Roof: Tile
  • View: City, Park/Greenbelt, River
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned, Free
  • Type Of Parking: On Street, Off Site

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Fencing: Wood
  • Land Use Code: SR
  • Lot Features: Rear Yard, Backs - Open Common Area
  • Lot Size Acres: 0.01
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 623.00
  • Outdoor Living Structures: Roof
  • Property Condition: Excellent
  • Zoning: RSA5
  • Zoning Description: RSA5

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 552.00
  • Tax Annual Amount: 1006.00
  • Assessor Parcel Number: 392054100
  • Tax Lot: 65
  • Tax Year: 2023
  • Close Date: 08/21/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2023
Closed on
Oct 2, 2023
Sold by
Chase Capital One Llc
Bought by
505 Mercy Llc
Seller's Agent
Tom Wang
Philly Real Estate
Buyer's Agent
Mitchel Mullen
KW Empower
List Price
$125,000
Sold Price
$90,000
Premium/Discount to List
-$35,000
-28%
Views
53
Current Estimated Value
$565,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,516
Avg. Annual Appreciation
174.52%

Purchase Details

Closed on
Mar 10, 2022
Sold by
Sheriff Of The County Of Philadelphia
Bought by
Chase Capital One Llc

Purchase Details

Closed on
Jun 6, 2018
Sold by
Astra Developments Iinc
Bought by
Vj Assets Llc

Purchase Details

Closed on
Jun 2, 1966
Bought by
Astra Development Inc
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 Type Sale Price Title Company
Deed $90,000 First American Title
Sheriffs Deed $111,000 Land Title
Quit Claim Deed $3,300 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $286,600 Construction
Previous Owner $85,000 Construction
Previous Owner $70,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2024 09/09/24 For Rent $3,200 0.0% --
08/21/2024 08/21/24 Sold $520,000 -1.9% $242 / Sq Ft
06/07/2024 06/07/24 Price Changed $530,000 0.0% $247 / Sq Ft
06/07/2024 06/07/24 For Sale $530,000 +1.0% $247 / Sq Ft
04/17/2024 04/17/24 Off Market $525,000 -- --
12/15/2023 12/15/23 For Sale $525,000 +483.3% $244 / Sq Ft
10/02/2023 10/02/23 Sold $90,000 -28.0% --
03/17/2023 03/17/23 For Sale $125,000 -- --
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 $1,006 $458,900 $91,780 $367,120
2024 $1,006 $458,900 $91,780 $367,120
2023 $1,006 $71,900 $71,900 --
2022 $1,006 $71,900 $71,900 $0
2021 $507 $0 $0 $0
2020 $507 $0 $0 $0
2019 $507 $0 $0 $0
2018 $507 $0 $0 $0
2017 $507 $0 $0 $0
2016 $133 $0 $0 $0
2015 $127 $0 $0 $0
2014 -- $9,500 $9,500 $0
2012 -- $1,280 $1,280 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2288130

Bright MLS

APN: 392054100