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$349,000

Beds
2
Baths
1.0
sq ft
860

12 S Letitia St Unit 403, Philadelphia, PA 19106

12 S Letitia St Unit 403

PHILADELPHIA, PA 19106

  • 83 days on market
    • Price drop $6,000↓
Tucked away on a peaceful street between Chestnut and Market Streets, Letitia Street is home to the Blackhorse Condominiums, a boutique condo building housed in a historic former meat processing facility. Unit #403 offers a bright, spacious, and meticulously maintained living space with hardwood floors throughout. The kitchen features stainless steel appliances and earth-toned stone countertops, while the living area is highlighted by large, divided light windows with custom blinds and a wood-burning fireplace flanked by built-in bookshelves. Both generously-sized bedrooms offer custom closet shelving for maximum storage. The bathroom and kitchen both boast wood cabinetry that complements the hardwood floors. No carpet—just ceramic tile and hardwood throughout the unit. For added convenience, a stackable washer and dryer are located in the bathroom. The walls are painted in a neutral tone, creating an open, airy feel. Additional storage is available in the basement, and residents can enjoy a spacious shared roof deck with furniture and sweeping views of the Ben Franklin Bridge, the Delaware River, and Christ Church Steeple. Just a short stroll away, you'll find some of Philadelphia’s best dining spots and green spaces in America’s most historic square mile. Old City offers a rich cultural lifestyle, featuring spas, parks, art centers, bistros, cafes, and over 80 restaurants and 55 art galleries, making it the birthplace of the Restaurant Renaissance. Whether you're in the mood for fine dining or a classic Philly cheesesteak, you'll find something to suit your taste. The area is constantly evolving, with a pedestrian-friendly renovation of Market Street (between 2nd and 6th) set to complete by 2026. Additionally, a highly anticipated project is underway to cap a section of Interstate 95, creating nearly 12 acres of parkland and a seamless connection to the Delaware River waterfront at Penn’s Landing. Come experience the vibrant life of Old City Philadelphia, where history, culture, art, food, and architecture combine to create an unforgettable atmosphere. This location is easily accessible to all parts of the city, nearby suburbs, New Jersey, and Delaware via bus, subway, train, or airport. Don't miss out on this affordable condo—schedule your appointment today!

Details

Property type

Condominium

Est. home value

$393,277

Lot size

Unknown

Price per sq ft

$406

Year built

1900

Annual property taxes

$5,039

Monthly HOA fee

$297.93

Price History

03/18/2025
Bright

Bright #PAPH2433114

Price change
$349,000
-1.69%
03/06/2025
Bright

Bright #PAPH2433114

Price change
$355,000
-2.74%
01/08/2025
Bright

Bright #PAPH2433114

Listed
$365,000
+7.04%

Schools & Community

Neighborhood: 

Old City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

PHILADELPHIA CITY

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$78,722
Asking price
$349,000
Closing costs (~8% of asking)
-$27,920
Est. remaining loan balance
-$242,358
Cash to seller
$78,722

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

July 2020

Original loan amount

$269,500

Est. remaining balance

$242,358

Interest rate

3.28%

Loan type

New Conventional, 30 year

Seller

Gavin Huang and San Linh Le

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/01/2025 at 6:15 PM

Listing updated: 03/18/2025 at 5:14 PM

Listed by: Lisa Hershock, Engel & Volkers Phone #: (610) 808-9188

MLS: Bright #PAPH2433114

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