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$75,000

Beds
Unknown
Baths
1.0
sq ft
342

1324 Locust St Unit 1017, Philadelphia, PA 19107

1324 Locust St Unit 1017

PHILADELPHIA, PA 19107

  • 217 days on market
    • Price drop $15,000↓
Priced to sell. Unheard of opportunity to own two units in the historic Arts Condominium Building. Selling 2 studio units (#1017 PAPH2357460) & (#1209 PAPH2357464 ) together or individually. The numbers really do make sense. This classic building boasts all of the most desirable amenities, plus it’s Center City location is a stone’s throw from some of the best restaurants the City of Philadelphia has to offer, world class performance spaces like the Kimmel Center, Suzanne Roberts Theater, and The Academy of Music, nationally ranked Jefferson Hospital and Pennsylvania Hospital located minutes from the door, with Drexel and University of Pennsylvania an easy commute away. Transportation is a breeze with NJ PATCO trains across the street, SEPTA's subway is nearby, the bus system is extensive and a plethora of shops, cafes, taverns are within easy walking or biking distance. The perks of this condo are undeniable, with 24 hour front desk attendant, a state of the art fitness center, newly renovated lobby and community space, on-site laundry facility, free Comcast wireless. On site bicycle parking for additional fee. Pet friendly building (1 cat or 1 dog; 40 lb limit). No utility expenses for the owner, utilities are included in the rent.

Details

Property type

Condominium

Est. home value

$108,963

Lot size

Unknown

Price per sq ft

$220

Year built

1900

Annual property taxes

$1,373

HOA

No

Price History

09/28/2024
Bright

Bright #PAPH2357460

Price change
$75,000
-16.67%
08/05/2024
Bright

Bright #PAPH2357460

Listed
$90,000
06/08/2024
Bright

Bright #PAPH2357460

Pending
$90,000

Schools & Community

Neighborhood: 

Washington Square

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

$15,489
Asking price
$75,000
Closing costs (~8% of asking)
-$6,000
Est. remaining loan balance
-$53,511
Cash to seller
$15,489

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

Seller’s Loan History

Lender

Huntingdon Valley Bank

Loan start date

May 2015

Original loan amount

$67,500

Est. remaining balance

$53,511

Interest rate

3.78%

Loan type

New Conventional, 30 year

Seller

Cynthia Ritter and Michael W Simpson

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: 12/25/2024 at 3:55 PM

Listing updated: 09/27/2024 at 9:15 PM

Listed by: Dawn Evans, EXP Realty, LLC Phone #: (888) 397-7352

MLS: Bright #PAPH2357460

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