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$385,000

Beds
2
Baths
2.0
sq ft
1,245

1501 N 31st St Unit 204, Philadelphia, PA 19121

1501 N 31st St Unit 204

PHILADELPHIA, PA 19121

  • 88 days on market
    • Price drop $5,000↓
Stunning Modern Condo with Parking! Welcome to The Residences at Otto! With new development popping up on every corner, 5 years left on tax abatement, deeded parking, private balcony, roof deck with spectacular skyline views; this condo will be everything you need and more! Upon entering the community, make your way up the elevator to the 2nd floor to access #204. Welcoming you inside is the grand open floor plan filled with REAL oak hardwood flooring throughout, high ceilings, an abundance of natural light and neutral tones. The main living space features large windows and recessed lighting leaving an abundance of space for your sectional, tv, and more. Just off the living area is the formal dining space complete with screen door for private balcony access. The beautiful chef style kitchen features gorgeous white cabinetry, a wide oversized island with breakfast bar seating, subway tiled backsplash, stainless steel appliances, and plenty of prep/storage space. Venturing further inside you will find 2 great sized bedrooms with natural light illuminating the rooms and great closet space. Both bathrooms are sleek and modernly designed. One features a his and hers sink with an extra-large tiled stall shower. The other with a single vanity and stall/tub shower. Not to mention, the unit has a stand-up washer/dryer and great storage. Now for the shared roof deck. The amazing roof deck offers residents a kitchenette, grill, skyline views, dog park, and space to entertain. Located across the street is Revival Brothers Coffee, you are also nearby everything Fairmount has to offer including the beautiful Schuylkill River Trail, Boathouse Row, and Philadelphia Zoo. Does this sound like your new home? Come see this amazing unit for yourself today!

Details

Property type

Condominium

Lot size

Unknown

Price per sq ft

$310

Year built

2019

Annual property taxes

$677

Monthly HOA fee

$400.03

Price History

09/04/2024
Bright

Bright #PAPH2367428

Price change
$385,000
-1.28%
07/24/2024
Bright

Bright #PAPH2367428

Price change
$390,000
-2.5%
06/20/2024
Bright

Bright #PAPH2367428

Listed
$400,000
+8.18%

Schools & Community

Neighborhood: 

Brewerytown

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

$56,049
Asking price
$385,000
Closing costs (~8% of asking)
-$30,800
Est. remaining loan balance
-$298,151
Cash to seller
$56,049

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

Seller’s Loan History

Lender

Wilmington Savings Fund Society Fsb

Loan start date

October 2021

Original loan amount

$336,000

Est. remaining balance

$298,151

Interest rate

2.87%

Loan type

New Conventional, 20 year

Seller

Mark Joseph Lowrey

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 4:30 PM

Listing updated: 09/03/2024 at 9:56 PM

Listed by: Suzanne M Swisher, Coldwell Banker Realty Phone #: (215) 923-7600

MLS: Bright #PAPH2367428

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