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$229,000

Beds
1
Baths
1.0
sq ft
562

1501 N 31st St Unit 205, Philadelphia, PA 19121

1501 N 31st St Unit 205

PHILADELPHIA, PA 19121

  • <1 day on market
Welcome to the Otto community in the vibrant Brewerytown neighborhood! Step into this true one-bedroom, one-bath condo, where contemporary finishes and an inviting open layout await. Originally a studio, the owner thoughtfully transformed the space into a beautifully flowing one-bedroom home. The spacious living area flows seamlessly into the kitchen, featuring a stylish breakfast bar, dark stone countertops, and stainless steel appliances, including a Samsung smart fridge and gas stove. A private balcony off the living room provides the perfect spot to relax and take in the city views. Enter your spacious bedroom, flooded with natural light from a large window. The full bath offers a tiled stall shower and convenient under-sink storage. The generously sized bedroom also includes a walk-in closet and stacked, full-sized laundry for added ease and comfort. This condo includes 4 years remaining on the tax abatement, making it an incredible opportunity for both investors and first-time buyers. The Otto community offers a secure building with keypad entry and elevator access. Enjoy stunning rooftop views from the resident entertainment area, complete with outdoor kitchen, green roof, pergola and dog run for pet lovers. With low HOA fees and a fantastic location, you’re just steps away from Fairmount Park, Kelly Drive, shopping, entertainment and more. Commuting is a breeze, with close access to I76 and just minutes from Center City Philadelphia. Come visit today!

Details

Property type

Condominium

Lot size

Unknown

Price per sq ft

$408

Year built

2019

Annual property taxes

$424

HOA

No

Price History

02/21/2025
Bright

Bright #PAPH2442204

Listed
$229,000
-11.58%
04/22/2024
BrightMLS

BrightMLS #PAPH2291034

Removed
$259,000
01/02/2024
BrightMLS

BrightMLS #PAPH2291034

Price change
$259,000
-3.72%

Schools & Community

Neighborhood: 

Brewerytown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

PHILADELPHIA CITY

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

$90,990
Asking price
$229,000
Closing costs (~8% of asking)
-$18,320
Est. remaining loan balance
-$119,690
Cash to seller
$90,990

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

Seller’s Loan History

Lender

Amerisave Mortgage Corp

Loan start date

May 2021

Original loan amount

$151,901

Est. remaining balance

$119,690

Interest rate

2.42%

Loan type

New Conventional, 15 year

Seller

Mzisadari Pontrelli

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: 02/22/2025 at 7:25 AM

Listing updated: 02/21/2025 at 5:09 PM

Listed by: Tom S Dilsheimer, Compass RE Phone #: (610) 822-3356

MLS: Bright #PAPH2442204

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