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$550,000

Beds
3
Baths
2.0
sq ft
1,980

1429 Germantown Ave Unit 1B, Philadelphia, PA 19122

1429 Germantown Ave Unit 1B

PHILADELPHIA, PA 19122

  • 467 days on market
    • Price drop $29,000↓
Welcome to 1429 Germantown Ave Unit #1B, Philadelphia, PA 19122 in the vibrant Olde Kensington neighborhood! This stunning property offers contemporary living at its finest, boasting a prime location, modern amenities, and a spacious layout spanning three levels. Built just two years ago, this home still has the advantage of an impressive 8-year tax abatement, making it an excellent investment opportunity. Upon entering the main level, you'll be greeted by an inviting open concept floor plan that seamlessly combines the living room and kitchen. The expansive living room provides ample space for entertaining friends and family, while the well-appointed kitchen features sleek cabinetry, high-end stainless steel appliances, and a generous island, perfect for culinary adventures. Ascending to the second level, you'll find two generously sized bedrooms, offering plenty of space for rest and relaxation. A full bathroom and convenient laundry room complete this level, ensuring utmost convenience and functionality. The third level is a true oasis, housing the primary bedroom suite. This private retreat features a spacious layout, allowing for a cozy sitting area or home office space. The attached primary bathroom is a luxurious haven, boasting modern fixtures, a walk-in shower, and a soaking tub for ultimate relaxation. Additionally, a wet bar is located on this level, providing added convenience for entertaining or enjoying a nightcap on the adjoining roof deck. Speaking of the roof deck, prepare to be captivated by the breathtaking panoramic views of the surrounding neighborhood and city skyline. This outdoor space offers the perfect setting for hosting gatherings or simply unwinding after a long day, all while soaking in the sights and sounds of Philadelphia. Located in Olde Kensington, this property places you at the heart of one of Philadelphia's most sought-after neighborhoods. Enjoy a vibrant urban lifestyle with an array of trendy restaurants, cafes, and boutiques just steps away. Commuting is a breeze, thanks to easy access to public transportation and major roadways. Located just half a mile from the heart of Northern Liberties and Fishtown, you are walkable to anything you could ever need The home features high-end features that aren’t wildly common (especially for this development) like custom shades throughout the home (motorized shades in the living room and bedroom), Calacatta countertops, waterfall on the kitchen island, and upgraded dark hardwood flooring throughout. Don't miss this opportunity to own a modern gem in Olde Kensington with the benefit of an 8 year tax abatement. This could be the steal of 2024 now that its' priced below values for a brand new home! Schedule your private tour today and envision yourself living in this exceptional home at 1429 Germantown Ave Unit #1B, Philadelphia, PA 19122. Make offer!

Details

Property type

Townhouse

Property condition

New Construction

Lot size

1 sq ft

Price per sq ft

$278

Year built

2021

Annual property taxes

$967

Monthly HOA fee

$273

Price History

07/15/2024
Bright

Bright #PAPH2244592

Listed
$550,000
07/12/2024
Bright

Bright #PAPH2244592

Pending
$550,000
06/07/2023
Bright

Bright #PAPH2244592

Listed
$550,000

Schools & Community

Neighborhood: 

Old Kensington

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

$166,624
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$339,376
Cash to seller
$166,624

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

July 2021

Original loan amount

$363,689

Est. remaining balance

$339,376

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Andrew Sobey Iii and Amanda M Mccoy

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: 09/16/2024 at 3:35 PM

Listing updated: 08/25/2024 at 11:43 AM

Listed by: Brett L Rosenthal, Compass RE Phone #: (267) 435-8015

MLS: Bright #PAPH2244592

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