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$399,000

Beds
2
Baths
2.5
sq ft
1,406

1220 W Ritner St, Philadelphia, PA 19148

1220 W Ritner St

PHILADELPHIA, PA 19148

  • Pending
    • Price drop $16,000↓
Welcome to 1220 W Ritner Street! This beautifully restored gem is just steps away from Jefferson Methodist Hospital, public transportation, and the lively Passyunk Avenue, known for its fantastic restaurants, shops, and outdoor cafes. Inside, an open-concept living and dining area with soaring ceilings and wide-plank oak floors floods with natural light. The chef’s kitchen features stainless steel appliances, Snow Leopard Quartz countertops, subway tile backsplash, and Tribeca slow-close cabinets. It flows seamlessly into a powder room and a private yard, perfect for relaxing or entertaining. Upstairs, two spacious bedrooms await, including a primary suite with a luxurious ensuite bath—double sinks, a large shower with custom sliding doors, and plenty of storage. A second full bath and convenient laundry room round out the upper level. The finished basement offers flexible space for an office, gym, or studio, plus ample storage. Enjoy modern updates throughout, including new electric wiring, high-efficiency HVAC, Pex plumbing, and a 50-gallon hot water tank, all installed between 2019-2020. Plus, benefit from a tax abatement until 2029. Don't miss out on this stunning home in one of Philly's vibrant neighborhoods!

Details

Property type

Townhouse

Est. home value

$398,512

Lot size

1,042 sq ft

Price per sq ft

$284

Year built

1940

Annual property taxes

$3,228

HOA

No

Price History

10/03/2024
Bright

Bright #PAPH2374510

Pending
$399,000
09/26/2024
Bright

Bright #PAPH2374510

Price change
$399,000
-3.86%
09/11/2024
Bright

Bright #PAPH2374510

Price change
$415,000
-2.35%

Schools & Community

Neighborhood: 

Lower Moyamensing

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

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

$45,306
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$321,774
Cash to seller
$45,306

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

April 2020

Original loan amount

$355,500

Est. remaining balance

$321,774

Interest rate

3.29%

Loan type

New Conventional, 30 year

Seller

Brooke Gattens

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: Pending/Under Contract

Tomo last checked: 11/03/2024 at 8:00 AM

Listing updated: 10/03/2024 at 9:06 AM

Listed by: Renee M Ryan, KW Greater West Chester Phone #: (610) 436-6500

MLS: Bright #PAPH2374510

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