NOT LISTED FOR SALE

Estimated Value: $555,000 - $616,000

2 Beds
2 Baths
1,322 Sq Ft
$805/mo HOA Fee

Last Sold October 22, 2021

Last sale price $539,995 $408 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,286/month

Highlights

  • Fitness Center
  • 24-Hour Security
  • Contemporary Architecture
  • Candlebrook Elementary School Rated A
  • Clubhouse
  • Wood Flooring

About This Home

As of April 2024

Excellent rental opportunity fully furnished with two 60" TV's! Welcome to the 575 South Condos, a recently built boutique community located just steps from the King of Prussia Town Center. This 2-bedroom 2 full bath 5th floor condo is perfect for anyone who is interested in low maintenance living at its best! Unit 502 features upgraded finishes throughout including white oak floors throughout the entire unit, white soft close drawers and door cabinetry in the kitchen, Quartz countertops in the kitchen and master bath, Kitchen Aid oven, microware, dishwasher, refrigerator, Samsung washer & dryer plus balcony with excellent 5th floor views! Residents of 575 South enjoy fantastic on-site amenities to further enhance their busy lifestyle include a rooftop lounge with gorgeous views of Valley Forge Park, movie theater room, golf simulator, billiards table, Starbucks coffee machine, lounge area with dual sided fireplace with wet bar and multiple areas to enjoy with your friends and family after a night out in the Town Center. The images and video speak for themselves! Best of all, the 575 South Condo complex boasts an excellent location for enjoying upscale shopping and dining. The property is within walking distance of 20 restaurants & bars, plenty of shopping and Wegmans supermarket is only blocks away for all your food shopping needs. The community is also convenient to major highways including I-76, I-476, Routes 422, 202, and the PA Turnpike. Additional amenities include a beautiful lobby, state of the art mailroom with Luxor drop boxes & large fridge for grocery deliveries, 3 season room, outdoor patio, gas grilles, fire pit, both private garage & surface parking spaces, bike storage plus a state-of-the-art fitness room with Peloton and Life Fitness Equipment. Deposit and one month's rent due at lease signing. Tenant is responsible to obtain renter's insurance. Pet's allowed with some limitations and additional deposit. Rent then Purchase opportunity available! All "utilities and fees" are included in the rent except for electric! You have to see this property to believe it so call to make an appointment right away!

Last Agent to Rent the Property

Michael Choplin

(610) 291-3056 sold@michaelchoplin.com RE/MAX Services Listed on: 09/18/2023

RE/MAX Services

Last Renter's Agent

Michael Choplin

(610) 291-3056 sold@michaelchoplin.com RE/MAX Services Listed on: 09/18/2023

RE/MAX Services

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,558

Year Built

  • Built in 2020

Lot Details

  • South Facing Home
  • Extensive Hardscape
  • Property is in excellent condition

HOA Fees

  • $805 Monthly HOA Fees

Parking

  • Assigned parking located at #Garage 21- near elevators. Parking Lot 104.
  • Lighted Parking
  • Garage Door Opener
  • Parking Lot
  • 2 Assigned Parking Spaces
  • Secure Parking

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1,322 Sq Ft Home
  • Furnished
  • Recessed Lighting
  • Window Treatments
  • Combination Kitchen and Living
  • Dining Area
  • Intercom

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Terrace
  • Exterior Lighting

Location

  • Suburban Location

Schools

  • Caley Elementary School
  • Upper Merion Middle School
  • Upper Merion High School

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Residential Lease
  • Security Deposit $3,800
  • Requires 1 Month of Rent Paid Up Front
  • Tenant pays for electricity, water, light bulbs/filters/fuses/alarm care, insurance
  • The owner pays for association fees, common area maintenance, lawn/shrub care, management, parking fee, sewer, snow removal, real estate taxes, trash collection
  • Rent includes common area maintenance, community center, furnished, gas, grounds maintenance, hoa/condo fee, HVAC maint, lease special terms, parking, party room, security monitoring, sewer, snow removal, taxes, trash removal
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 10/1/23
  • $39 Application Fee
  • Assessor Parcel Number 58-00-17492-518

Community Details

Overview

  • $300 Elevator Use Fee
  • Association fees include common area maintenance, exterior building maintenance, gas, lawn maintenance, management, parking fee, recreation facility, security gate, sewer, snow removal, trash
  • 62 Units
  • Mid-Rise Condominium
  • Associa Property Management Condos
  • Built by Toll Brothers
  • 575 South Condos Subdivision
  • Property has 6 Levels

Amenities

  • Common Area
  • Game Room
  • Billiard Room
  • Meeting Room
  • Party Room
  • 3 Elevators

Recreation

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Resident Manager or Management On Site

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,558

Year Built

Built in 2020

Lot Details

0

HOA Fees

$805 per month

Parking

1

Rental Info

  • Date Available: 2023-10-01
  • Application Fee: 39.00
  • Furnished: Yes
  • Months Rent Up Front: 1.0
  • Owner Pays: Association Fees, Common Area Maintenance, Lawn/Shrub Care, Management, Parking Fee, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection
  • Pet Deposit: 2000.00
  • Pets: Cats Ok, Dogs Ok, Number Limit
  • Pets Allowed: Yes
  • Rent Includes: Common Area Maintenance, Community Center, Furnished, Gas, Grounds Maintenance, Hoa/Condo Fee, Hvac Maint, Lease Special Terms, Parking, Party Room, Security Monitoring, Sewer, Snow Removal, Taxes, Trash Removal
  • Security Deposit: 3800.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Electricity, Water, Light Bulbs/Filters/Fuses/Alarm Care, Insurance
  • Vacation Rental: No
  • Property Manager: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Lease Link U R L: https://apply.link/3EGU6xo
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Historic: No
  • Inclusions: Washer, dryer, refrigerator, window treatments and (2) wall mounted TV's with acceptable offer. 2 parking spaces. Garage #21 only steps from the elevators and visitor parking lot #104.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2020
  • Assigned Parking Space Numbers: Garage 21- near elevators. Parking Lot 104.
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: Excellent rental opportunity fully furnished with two 60" TV's! Welcome to the 575 South Condos, a recently built boutique community located just steps from the King of Prussia Town Center. This 2-bedroom 2 full bath 5th floor condo is perfect for anyone who is interested in low maintenance living at its best! Unit 502 features upgraded finishes throughout including white oak floors throughout the entire unit, white soft close drawers and door cabinetry in the kitchen, Quartz countertops in the kitchen and master bath, Kitchen Aid oven, microware, dishwasher, refrigerator, Samsung washer & dryer plus balcony with excellent 5th floor views! Residents of 575 South enjoy fantastic on-site amenities to further enhance their busy lifestyle include a rooftop lounge with gorgeous views of Valley Forge Park, movie theater room, golf simulator, billiards table, Starbucks coffee machine, lounge area with dual sided fireplace with wet bar and multiple areas to enjoy with your friends and family after a night out in the Town Center. The images and video speak for themselves! Best of all, the 575 South Condo complex boasts an excellent location for enjoying upscale shopping and dining. The property is within walking distance of 20 restaurants & bars, plenty of shopping and Wegmans supermarket is only blocks away for all your food shopping needs. The community is also convenient to major highways including I-76, I-476, Routes 422, 202, and the PA Turnpike. Additional amenities include a beautiful lobby, state of the art mailroom with Luxor drop boxes & large fridge for grocery deliveries, 3 season room, outdoor patio, gas grilles, fire pit, both private garage & surface parking spaces, bike storage plus a state-of-the-art fitness room with Peloton and Life Fitness Equipment. Deposit and one month's rent due at lease signing. Tenant is responsible to obtain renter's insurance. Pet's allowed with some limitations and additional deposit. Rent then Purchase opportunity available! All "utilities and fees" are included in the rent except for electric! You have to see this property to believe it so call to make an appointment right away!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Dryer, Water Heater
  • Entry Floor: 5
  • Interior Amenities: Carpet, Combination Kitchen/Living, Dining Area, Kitchen - Island, Recessed Lighting, Walk-In Closet(s), Window Treatments, Wood Floors
  • Fireplace: No
  • Elevators Count: 3
  • Floors In Unit Count: 1
  • Levels Count: 6
  • Room Count: 4
  • Room List: Living Room, Bedroom 2, Kitchen, Bedroom 1
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1322
  • Living Area Sq Ft: 1322
  • Price Per Sq Ft: 2.87
  • Above Grade Finished Sq Ft: 1322
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 575

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, Below Grade
  • Construction Materials: Vinyl Siding, Brick
  • Exterior Features: Extensive Hardscape, Exterior Lighting
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 2
  • Garage: Yes
  • Parking Features: Lighted Parking, Secure Parking, Assigned
  • Garage Features: Garage Door Opener, Inside Access, Built In, Covered Parking
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security, Desk In Lobby, Intercom, Resident Manager
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Cable, Fiber Optic

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 805.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Associa Property Management
  • Elevator Use Fee: 300.00
  • HOA Condo Co-Op Amenities: Billiard Room, Club House, Common Grounds, Elevator, Exercise Room, Extra Storage, Fitness Center, Game Room, Meeting Room, Party Room, Reserved/Assigned Parking, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Gas, Lawn Maintenance, Management, Parking Fee, Recreation Facility, Security Gate, Sewer, Snow Removal, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: UPPER MERION AREA
  • Elementary School: CALEY
  • Middle School: UPPER MERION
  • High School: UPPER MERION
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396617
  • School District Source: Listing Agent
  • Elementary School: CALEY
  • High School: UPPER MERION
  • Middle Or Junior School: UPPER MERION

Lot Info

  • Horses: No
  • Land Use Code: 1203
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1322.00
  • Outdoor Living Structures: Patio(s), Terrace
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL-CONDO
  • Zoning Description: Mid Rise 5-8 Floors

Building Info

  • Builder Name: Toll Brothers

Tax Info

  • Assessor Parcel Number: 58-00-17492-518
  • Tax Total Finished Sq Ft: 1322
  • Tax Data Updated: No
  • Close Date: 04/01/2024

MLS Schools

  • School District Name: UPPER MERION AREA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
Oct 1, 2021
Sold by
Toll Pa Viii Lp
Bought by
Shah Trust
Seller's Agent
Shelby Goodman
Toll Brothers Real Estate, Inc.
Buyer's Agent
Michael Choplin
RE/MAX Services
List Price
$554,995
Sold Price
$539,995
Premium/Discount to List
-$15,000
-2.7%
Current Estimated Value
$584,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,934
Avg. Annual Appreciation
2.48%
Original Mortgage
$431,996
Interest Rate
2.15%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Shah Trust $539,995 None Available
Rekha D Shah Revocable Trust $539,995 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rekha D Shah Revocable Trust $431,996
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2024 04/01/24 Rented $3,200 -15.8% --
03/06/2024 03/06/24 Under Contract -- -- --
02/09/2024 02/09/24 Price Changed $3,800 -5.0% $3 / Sq Ft
09/18/2023 09/18/23 For Rent $4,000 0.0% --
10/22/2021 10/22/21 Sold $539,995 -3.6% $408 / Sq Ft
09/04/2021 09/04/21 Pending -- -- --
03/22/2021 03/22/21 Price Changed $559,995 +0.9% $424 / Sq Ft
03/05/2021 03/05/21 For Sale $554,995 -- $420 / 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 $4,558 $147,900 -- --
2024 $4,558 $147,900 -- --
2023 $4,397 $147,900 $0 $0
2022 $4,208 $147,900 $0 $0
2021 $313 $11,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAMC2084030

Bright MLS

APN: 58-00-17492-518