tomo logo

$399,900

Beds
2
Baths
2.0
sq ft
1,296

1501 N 31st St Unit 405, Philadelphia, PA 19121

1501 N 31st St Unit 405

PHILADELPHIA, PA 19121

  • 19 days on market
Introducing Otto on the Park #405! This impressive condo offers secure, off-street parking, tax abatement, private balcony, and is located across the street from Rival Bros Coffee! Open floor plan features hardwood floors and abundant natural light. The spacious living area includes large windows, recessed lighting, and ample space for entertaining. A dining area with balcony access compliments the chef-style kitchen equipped with white cabinetry, a generously sized island, subway tile backsplash, and stainless steel appliances. This unit offers 2 amply-apportioned bedrooms with oversized closets. Convenient to Fairmount Park, Schuylkill River Trail, Philadelphia Museum of Art, I-76, and Center City Philadelphia. Schedule your private showing today!

Details

Property type

Condominium

Lot size

Unknown

Price per sq ft

$309

Year built

2019

Annual property taxes

$800

Monthly HOA fee

$400

Price History

02/05/2025
Bright

Bright #PAPH2441104

Listed
$399,900
+2.88%
04/23/2020
Bright

Bright #PAPH866214

Sold
$388,700

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

$88,219
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$279,689
Cash to seller
$88,219

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

April 2020

Original loan amount

$310,960

Est. remaining balance

$279,689

Interest rate

3.29%

Loan type

New Conventional, 30 year

Seller

Ranganathan M Ramachandran and Sumita Ranganathan

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 3:05 PM

Listing updated: 02/12/2025 at 2:34 PM

Listed by: Scott Frith, Compass RE Phone #: (267) 435-8015

MLS: Bright #PAPH2441104

Bright logo

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