NOT LISTED FOR SALE

531 Spruce St Unit 4 Philadelphia, PA 19106

Society Hill Neighborhood

Estimated Value: $651,000 - $686,000

2 Beds
2 Baths
1,566 Sq Ft
$430/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $569,350 $364 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,575/month

242 Days on Market

Highlights

  • Contemporary Architecture
  • Forced Air Heating and Cooling System
  • 2-minute walk to Washington Square
  • Wood Flooring
  • North Facing Home

About This Home

As of March 2023

Great location in historic Washington Square in Philly! 531 Spruce St unit 4 offers 2 beds and 2 baths that are spread across a comfortable 1,566 finished sq ft.that has just been painted . Inside this contemporary brick home is a beautiful blend of modern and classic style with high ceilings, recessed lighting, parquet flooring, and an open floor plan that lends it self for entertaining. The two story living room is filled with great natural light from 20 ‘ floor to ceiling windows. The kitchen filled with plentiful countertop space, solid wood cabinets for storage. As you walk past the kitchen to find a full bath with a glass door shower and a spacious first-floor bedroom. The primary suite encompasses the entire second floor including an ensuite bath with shower and tub combo, generously sized closets, and a private office overlooking located on a landing overlooking the living room. There is a private balcony off the primary bedroom with a view of the neighborhood. This home is in the perfect location being minutes from Washington Square Park, independence Hall, Spruce St Harbor, and fine dining ! Grocery shopping is convenient with Acme being less than a block away!

There was an 24 month special assessment started March 1.2022 & will go through Feb 2024 . The assessment is $3,420 with monthly payments of $142.50 . The purpose of the assessment was to replace the roof shingles in March 2022
There is a capital contribution of .5% of sale price to be paid by buyer at settlement
There is a special arrangement the HOA has with Independence Place / Philadelphia Sports Club that the cost for parking for one car is $340 monthly fee paid to garage .Overall, this contemporary home is a fantastic place to live! Book an appointment today!

Last Agent to Sell the Property

Paul Colletti

(917) 325-6700 pcolletti@serhant.com BHHS Fox & Roach Wayne-Devon License #RS297547 Listed on: 06/06/2022

BHHS Fox & Roach Wayne-Devon

Co-Listed By

Andrea Desy Edrei

(917) 968-7848 andreasellsnyc@gmail.com SERHANT PENNSYLVANIA LLC License #RS279858

SERHANT PENNSYLVANIA LLC

Last Buyer's Agent

Andrea Desy Edrei

(917) 968-7848 andreasellsnyc@gmail.com SERHANT PENNSYLVANIA LLC License #RS279858

SERHANT PENNSYLVANIA LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,548

Year Built

  • Built in 1971

Lot Details

  • North Facing Home

HOA Fees

  • $289 Monthly HOA Fees

Parking

  • Public Parking

Home Design

  • Contemporary Architecture
  • Masonry

Interior Spaces

  • 1,566 Sq Ft Home
  • Property has 3 Levels

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

Utilities

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

Community Details

  • Association fees include all ground fee, exterior building maintenance, snow removal
  • $143 Other Monthly Fees
  • Washington Square East Condo #2 HOA
  • Washington Sq Subdivision
  • Property Manager

Listing and Financial Details

  • Tax Lot 175
  • Assessor Parcel Number 888055075

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,548

Year Built

Built in 1971

Lot Details

0

HOA Fees

$289 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Inclusions: Washer , dryer
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-06-06
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Remarks Public: Great location in historic Washington Square in Philly! 531 Spruce St unit 4 offers 2 beds and 2 baths that are spread across a comfortable 1,566 finished sq ft.that has just been painted . Inside this contemporary brick home is a beautiful blend of modern and classic style with high ceilings, recessed lighting, parquet flooring, and an open floor plan that lends it self for entertaining. The two story living room is filled with great natural light from 20 ‘ floor to ceiling windows. The kitchen filled with plentiful countertop space, solid wood cabinets for storage. As you walk past the kitchen to find a full bath with a glass door shower and a spacious first-floor bedroom. The primary suite encompasses the entire second floor including an ensuite bath with shower and tub combo, generously sized closets, and a private office overlooking located on a landing overlooking the living room. There is a private balcony off the primary bedroom with a view of the neighborhood. This home is in the perfect location being minutes from Washington Square Park, independence Hall, Spruce St Harbor, and fine dining ! Grocery shopping is convenient with Acme being less than a block away! There was an 24 month special assessment started March 1.2022 & will go through Feb 2024 . The assessment is $3,420 with monthly payments of $142.50 . The purpose of the assessment was to replace the roof shingles in March 2022 There is a capital contribution of .5% of sale price to be paid by buyer at settlement There is a special arrangement the HOA has with Independence Place / Philadelphia Sports Club that the cost for parking for one car is $340 monthly fee paid to garage .Overall, this contemporary home is a fantastic place to live! Book an appointment today!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring Type: Ceramic Tile, Hardwood
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 1566
  • Living Area Sq Ft: 1566
  • Price Per Sq Ft: 382.50
  • Above Grade Finished Sq Ft: 1566
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 531

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper 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
  • Parking Features: Public

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • 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

  • HOA Fees: 289.49
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Ext Bldg Maint, Snow Removal
  • HOA Name: WASHINGTON SQUARE EAST CONDO #2
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Other Fees: 142.50
  • Other Fees Frequency: Monthly

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 531400.00
  • Land Assessed Value: 79300.00
  • Land Use Code: 570
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Year Assessed: 2023
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 1425539
  • School Tax: 4690.00
  • Tax Annual Amount: 8548.00
  • Assessor Parcel Number: 888055075
  • Tax Lot: 175
  • Tax Total Finished Sq Ft: 1566
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 03/10/2023

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2022
Closed on
Mar 6, 2023
Sold by
Mccleary Mary B
Bought by
Romanowicz Michael
Seller's Agent
Paul Colletti
BHHS Fox & Roach Wayne-Devon
Buyer's Agent
Andrea Desy Edrei
SERHANT PENNSYLVANIA LLC
List Price
$599,000
Sold Price
$569,350
Premium/Discount to List
-$29,650
-4.95%
Views
12
Current Estimated Value
$673,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,026
Avg. Annual Appreciation
6.64%
Original Mortgage
$427,012
Outstanding Balance
$413,606
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$259,770

Purchase Details

Closed on
Jun 4, 1990
Bought by
Mccleary Mary B
Source: Public Records

Range of Values:

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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
Romanowicz Michael $569,350 Go Abstract Services
Mccleary Mary B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romanowicz Michael $427,012
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/10/2023 03/10/23 Sold $569,350 -4.9% $364 / Sq Ft
02/04/2023 02/04/23 Pending -- -- --
12/10/2022 12/10/22 For Sale $599,000 +5.2% $383 / Sq Ft
12/09/2022 12/09/22 Off Market $569,350 -- --
10/18/2022 10/18/22 Price Changed $599,000 -6.3% $383 / Sq Ft
07/31/2022 07/31/22 Price Changed $639,000 -3.2% $408 / Sq Ft
06/06/2022 06/06/22 For Sale $660,000 -- $421 / 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 $8,549 $638,100 $82,800 $555,300
2024 $8,549 $638,100 $82,800 $555,300
2023 $8,549 $610,700 $79,300 $531,400
2022 $7,003 $565,700 $79,300 $486,400
2021 $7,633 $0 $0 $0
2020 $7,633 $0 $0 $0
2019 $7,341 $0 $0 $0
2018 $0 $0 $0 $0
2017 $6,802 $0 $0 $0
2016 $5,136 $0 $0 $0
2015 $4,916 $0 $0 $0
2014 -- $396,900 $39,690 $357,210
2012 -- $44,992 $4,598 $40,394
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Paul Colletti

    BHHS Fox & Roach

    (917) 325-6700

    1 in this area

    25 Total Sales

    Paul Colletti
    Section Image
  • Andrea Desy Edrei

    Seller Co-Listing Agent in 2023

    Andrea Desy Edrei

    SERHANT PENNSYLVANIA LLC

    (917) 968-7848

    1 in this area

    62 Total Sales

    Andrea Desy Edrei
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH2117936

Bright MLS

APN: 888055075

Pennsylvania Philadelphia County Philadelphia 19106 Society Hill

531 Spruce St Unit 4, Philadelphia, PA

This home is located at 531 Spruce St Unit 4, Philadelphia, PA 19106 since 06 June 2022 and is currently estimated at $673,376, approximately $429 per square foot. This property was built in 1971. 531 Spruce St Unit 4 is a home located in Philadelphia County with nearby schools including General George A McCall Public School, Benjamin Franklin High School, and Mastery Charter High School Lenfest Campus.

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