tomo logo

$1,495,000

Beds
4
Baths
4.0
sq ft
3,046

1831 Spruce St, Philadelphia, PA 19103

1831 Spruce St

PHILADELPHIA, PA 19103

  • 472 days on market
    • Price drop $55,000↓
This is a rare opportunity to own a masterfully renovated historic townhouse in the heart of Rittenhouse Square. Completely renovated and updated by Gardner Fox Architects and McCoubrey Overholser with over $900K invested in renovations. CURRENTLY CONFIGURED AS A DUPLEX with two bi-level living spaces, each with outdoor space, Reside in one unit and lease the other unit as an income producing property. Also the perfect set up for multi-generational living or an au pair suite. Or convert into a single-family dwelling. The options are endless! This gorgeous space boasts a gas fireplace with marble surround, wet bar and 2 kitchens by Society Hill Kitchens with granite and marble counter tops, porcelain back splash, stainless steel appliances and cherry cabinets. Throughout the home you will notice many custom details such as the millwork, built-ins, plantation shutters, tray ceilings, Brazilian and bamboo flooring, exposed brick details, solid core doors and custom California closet systems. All new systems including electrical, smart wiring throughout the house and new mechanicals including central air. The 2 lower levels currently offer a versatile floor plan that is conducive to two private living quarters with separate entrances. The lower level has a separate entrance that can be accessed from the rear of the building via an easement from Manning St. and has a full kitchen, full bathroom, living room area, storage and a laundry hook-up. The main level has a family room with gas fireplace, built-ins, an office area, a wet bar/kitchenette with a dishwasher drawer, refrigerator drawers and a microwave. Also on the main level you will find a dressing area with closest with laundry, a make-up vanity with a sink, a bedroom and a full bathroom. This is the perfect set up for an au pair, in-laws or guests. Both of the lower levels can enjoy the flagstone garden patio outback. The upper unit which is comprised of the top two floors offers a spacious bi-level home. The first level consists of a living room with exposed brick wall, top-grade European-style kitchen, a dining area/den/flex space/4th bedroom, that leads to a lovely deck and a full bathroom. Upstairs provides sleeping quarters with 3 bedrooms with custom closets, a full bathroom with a slipper tub/shower combination and laundry. Please note, Unit 1 has incorporated a secondary sleeping area on the lower level in the past. And Unit 2 has been set up with a 4th bedroom in the past, on the main level in the flex room between the kitchen and the deck area. Please see MLS# PAPH2275468 for lease details for both units that are currently tenant occupied.

Details

Property type

Townhouse

Est. home value

$1,389,658

Lot size

1,036 sq ft

Price per sq ft

$491

Year built

1912

Annual property taxes

$11,581

HOA

No

Price History

09/07/2023
Bright

Bright #PAPH2274726

Listed
$1,495,000
+13.22%
08/08/2018
Bright

Bright #1000459232

Sold
$1,320,400

Schools & Community

Neighborhood: 

Rittenhouse

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

$557,286
Asking price
$1,495,000
Closing costs (~8% of asking)
-$119,600
Est. remaining loan balance
-$818,114
Cash to seller
$557,286

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

Seller’s Loan History

Lender

Penn Community Bank

Loan start date

July 2018

Original loan amount

$924,280

Est. remaining balance

$818,114

Interest rate

4.54%

Loan type

New Conventional, 30 year

Seller

Kim Y Ling and Binh Le Trieu

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: 12/22/2024 at 12:55 PM

Listing updated: 12/14/2024 at 9:49 PM

Listed by: Cary Simons, Kurfiss Sotheby's International Realty Phone #: (215) 794-3227

MLS: Bright #PAPH2274726

Bright logo

Recently listed in PHILADELPHIA

$170,000|3 bd|1.5 ba|Townhouse
$265,000|3 bd|2.5 ba|Townhouse
$160,000|3 bd|1.5 ba|Townhouse
$350,000|3 bd|1.5 ba|Townhouse
$600,000|3 bd|2.5 ba|Townhouse
$359,000|3 bd|1.5 ba|Townhouse
$374,900|3 bd|1.0 ba|House