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$254,500

Beds
2
Baths
1.0
sq ft
898

1324 Locust St Unit 207, Philadelphia, PA 19107

1324 Locust St Unit 207

PHILADELPHIA, PA 19107

  • 137 days on market
    • Price drop $10,500↓
Rare 2 bedroom condo located in Center City, downtown Philadelphia steps off Broad St. and well-known Avenue of the Arts. Live within walking distance to City Hall, Love Park, Reading Terminal and numerous other top destinations and landmarks. This is a 10/10 location that has every amenity of city-living. Enjoy the building's onsite fitness center located on the Lower Level of the building, secure bike room, 24/7 front desk concierge, newly remodeled common area, secure building with restricted entry, laundry facilities, onsite fitness center, mail room, business center, freight elevator. Unit 207 is well-maintained with natural light from the oversized windows. Two full bedrooms and a full bathroom with tub shower located outside of both bedrooms at the end of the hall. Renovated kitchen includes stainless steel appliances, modern granite bar top that opens up into the living room. Plenty of storage in the kitchen and closets throughout the unit. Condo fee includes utilities and use of building amenities and leases must be 6+ months so there are no vacation rentals in the building. Subway metro stations, shuttle, SEPTA buses steps away, parking garages and surface lots across the street, short walk to Suburban and Jefferson Stations where you can get on the MFL or Broad Street subway, Regional Rail lines, Airport Metro Line. 100/100 Walk Score and 100/100 Transit Score! PRIME Center City location. Golden opportunity for an owner-occupant to rent hack, or for investors looking to acquire a low maintenance, turn key rental property in a premier Philadelphia location surrounded by world-class restaurants, trendy shops, hospitals and universities, and dozens of theaters and performance venues. Request a tour or schedule virtual tour today. Rental comps and investment analysis available upon request.

Details

Property type

Condominium

Est. home value

$271,019

Lot size

Unknown

Price per sq ft

$284

Year built

1900

Annual property taxes

$3,101

HOA

No

Price History

11/01/2024
Bright

Bright #PAPH2374032

Price change
$254,500
-3.96%
07/24/2024
Bright

Bright #PAPH2374032

Price change
$265,000
-3.64%
07/08/2024
Bright

Bright #PAPH2374032

Listed
$275,000
+14.58%

Schools & Community

Neighborhood: 

Washington Square

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

SOUTH PHILADELPHIA

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

$70,813
Asking price
$254,500
Closing costs (~8% of asking)
-$20,360
Est. remaining loan balance
-$163,327
Cash to seller
$70,813

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

July 2020

Original loan amount

$180,000

Est. remaining balance

$163,327

Interest rate

3.18%

Loan type

New Conventional, 30 year

Seller

Edward Alexander Aryee and Synara Okyne Aryee

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: 11/22/2024 at 5:40 AM

Listing updated: 11/01/2024 at 7:49 PM

Listed by: Elizabeth D. Rogers, OCF Realty LLC - Philadelphia Phone #: (215) 735-7368

MLS: Bright #PAPH2374032

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