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$375,000

Beds
1
Baths
1.0
sq ft
780

23 S 23rd St Unit 2K, Philadelphia, PA 19103

23 S 23rd St Unit 2K

PHILADELPHIA, PA 19103

  • 2 days on market
Looking for a pied-a-terre? Medical resident, hospital fellow, or student with little time for the upkeep of a large home? First-time homebuyer? Investor seeking positive cash flow without the worry of vacancy? Presenting 23 Condominiums, one of Philadelphia's finest examples of adaptive reuse situated in Rittenhouse Square, a coveted neighborhood immersed in culture, fine dining and creativity. Originally a garage built in 1900, the building was reimagined into condos in 2005 and now stands tall with sleek glass panels, Italian limestone, and serious curb appeal. This seven-story mid-rise building features 83 units with 24/7 secure concierge, glass elevators with atrium views, terraces, a community garden, and a roof deck that gives you sweeping city views. Unit 2K is a contemporary second-floor loft with a sun-drenched, well-organized floor plan and unique live/work flexibility for the creative-seeking individual. Architectural elements include hardwood floors, recessed lighting, 11' ceilings and a lovely balcony perfect for a morning cup of coffee or an evening cocktail. The clean and bright kitchen boasts an island for food prep, Viking stainless steel appliances, granite countertops, a subway tile backsplash, and a built-in desk to keep your WFH away from your relaxing space. An elevated loft bedroom makes the layout very comfortable and manageable. A tiled bath with tub and an in-unit laundry closet round out the space. Located just blocks from Philadelphia's celebrated Rittenhouse Square, the location is second to none. The prized square dates back to the late 17th century as one of the five original open space parks designed by William Penn. Its lush grass, canopy of trees, and benches serve as a gathering spot during all seasons and the Paul Cret designed entrances and fountain are works of art. Located in the prestigious Greenfield School District, this building is within walking distance to the best the city has to offer. Across the street find the Fitler Club, one of the most luxurious private clubs in the city. Head north to the Art Museum and the Benjamin Franklin Parkway (with an obligatory stop at Trader Joe’s on the way), south to Fitler Square and the beautiful Schuylkill River Park, and west to University City, home of UPenn, Drexel, and CHOP. 30th Street Station is a stone’s throw away for a weekend escape or a part-time NYC commuter. This unit is a dream come true for the discerning urban dweller who wants to be in the center of it all, and for the smart investor who knows that real estate in a prime location is the best investment, perhaps now more than ever. * Seller will offer pre-paid parking through the end of September giving the buyer the opportunity to renew the lease.

Details

Property type

Condominium

Est. home value

$408,185

Lot size

Unknown

Price per sq ft

$481

Year built

1900

Annual property taxes

$4,935

HOA

No

Price History

03/31/2025
Bright

Bright #PAPH2462518

Listed
$375,000

Schools & Community

Neighborhood: 

Rittenhouse

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

$103,795
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$241,205
Cash to seller
$103,795

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

April 2022

Original loan amount

$255,000

Est. remaining balance

$241,205

Interest rate

3.92%

Loan type

New Conventional, 30 year

Seller

Caitlin F Merley

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: 04/02/2025 at 7:15 PM

Listing updated: 03/31/2025 at 5:31 PM

Listed by: Kristin McFeely, Compass RE Phone #: (267) 435-8015

MLS: Bright #PAPH2462518

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