tomo logo

$625,000

Beds
3
Baths
3.0
sq ft
2,005

1516 Cambridge St Unit B, Philadelphia, PA 19130

1516 Cambridge St Unit B

PHILADELPHIA, PA 19130

  • 34 days on market
***SPECIAL FINANCING*** Get an interest rate that's one full percentage point below the market (in the 5s instead of the 6s); put as little as 3% down without being charged Mortgage Insurance (PMI); and if you're a first-time homebuyer, receive a $6000 credit towards your closing costs. Welcome to 1516 Cambridge St #B, a meticulously designed luxury condo in Francisville. No detail was overlooked. This three bedroom and three full bathroom home has high-end finishes throughout, two outdoor spaces (including stunning skyline views!), and multiple options for living, lounging, working, and entertaining. With approximately five+ years left on the FULL (not step down) 10 year tax abatement, you’ll enjoy the benefits of a brand new construction home without having to wait! Schedule your showing today!

Details

Property type

Condominium

Est. home value

$585,972

Lot size

Unknown

Price per sq ft

$312

Year built

2019

Annual property taxes

$1,142

HOA

No

Price History

03/05/2025
Bright

Bright #PAPH2449958

Listed
$625,000
+4.18%
05/03/2022
Bright

Bright #PAPH2085018

Sold
$599,900
+7.12%
07/15/2020
Bright

Bright #PAPH894024

Sold
$560,000

Schools & Community

Neighborhood: 

Francisville

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

$147,766
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$427,234
Cash to seller
$147,766

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

Seller’s Loan History

Lender

Hometown Lenders Inc

Loan start date

May 2022

Original loan amount

$449,925

Est. remaining balance

$427,234

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Jason Scott Priest

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: 04/01/2025 at 6:10 PM

Listing updated: 03/20/2025 at 12:36 PM

Listed by: Gregg Kravitz, OCF Realty LLC - Philadelphia Phone #: (215) 735-7368

MLS: Bright #PAPH2449958

Bright logo

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