tomo logo

$242,000

Beds
1
Baths
1.0
sq ft
789

1420 Locust St Unit 8G, Philadelphia, PA 19102

1420 Locust St Unit 8G

PHILADELPHIA, PA 19102

  • 106 days on market
    • Price drop $4,500↓
    • Open house Sep 22
Welcome to unit 8G at The Academy House, this one-bedroom condo is just off of Broad St -perfectly located for anyone looking to be in the heart of desirable Center City. Situated on the eighth floor, this light filled unit invites you in with a bright foyer that features plenty of closet space. The galley-style kitchen has plenty of counter space and storage, outfitted with white cabinets, terracotta tiled floors, and stainless-steel appliances, including a refrigerator and dishwasher. The seller has installed a brand new electric stove for the next owner, too! A charming peekaboo window connects the kitchen to the dining area, where three large east-facing windows and a modern pendant light fixture illuminate the spacious living and dining areas, perfect for hosting gatherings, unwinding from a log day with TV or using the space as a work zone. The generous bedroom features three windows and two walk-in closets, one equipped with customizable shelving. Adjacent to the foyer, discover a coat closet and a full bathroom boasting a neutral tiled bathtub with glass enclosure, vanity, and tri-view medicine cabinet with vanity lighting. Additional conveniences include a linen closet and IN-UNIT washer and dryer within the bathroom. Constructed in 1977, The Academy House stands tall as a 37-story edifice housing over 570 residences. Amenities abound, including a 24-hour doorman, a newly renovated fitness center with a lap pool, hot tub, a communal area with kitchen facilities, and a verdant courtyard, ensuring a lifestyle of comfort and luxury.

Details

Property type

Condominium

Est. home value

$265,129

Lot size

Unknown

Price per sq ft

$307

Year built

1977

Annual property taxes

$3,143

Monthly HOA fee

$711.1

Price History

09/16/2024
Bright

Bright #PAPH2362868

Price change
$242,000
-1.83%
08/08/2024
Bright

Bright #PAPH2362868

Price change
$246,500
-1.4%
06/07/2024
Bright

Bright #PAPH2362868

Listed
$250,000

Schools & Community

Neighborhood: 

Rittenhouse

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

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

$61,067
Asking price
$242,000
Closing costs (~8% of asking)
-$19,360
Est. remaining loan balance
-$161,573
Cash to seller
$61,067

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

January 2021

Original loan amount

$175,875

Est. remaining balance

$161,573

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Jose Jimenez

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: 09/21/2024 at 3:35 AM

Listing updated: 09/19/2024 at 10:16 PM

Listed by: David Snyder, KW Empower Phone #: (215) 627-3500

MLS: Bright #PAPH2362868

Bright logo