tomo logo

$315,000

Beds
2
Baths
2.0
sq ft
1,107

2514 Frankford Ave Unit 1, Philadelphia, PA 19125

2514 Frankford Ave Unit 1

Philadelphia, PA 19125

  • 57 days on market
    • Price drop $15,000↓
LEASE SIGNED 5/31/24 /// OFFERS CONSIDERED BUT SALE IS SUBJECT TO NEW LEASE TERM ENDING JUNE 30, 2025 //////// Welcome home to Residence One, a contemporary two-bedroom condo with a private backyard steps from “America’s Hottest New Neighborhood” (Forbes). Featuring a remaining TAX ABATEMENT and LOW CONDO FEES, the affordability is as appealing as the modern interior. Enter into a large and open entertaining space featuring wood flooring, 10’ ceilings, and abundant natural light. The living room continues straight into the windowed kitchen featuring stainless steel appliances, granite countertops, and plenty of counter space. Beyond the kitchen is the private fenced-in backyard which is generous in size and offers the perfect space to host friends for al-fresco dinners during the warmer months! Back inside, the first floor houses a sizable bedroom as well as a full hallway bathroom. The bathroom is wonderfully done, with sophisticated wall and floor tile selections, a dual sink vanity, overhead tube sconces, and a tub/shower enclosure. An interior stairwell leads to the property’s lower level. Here, an open living area is set before an additional hallway bathroom and the second large bedroom. A laundry closet with a washer and dryer completes this level. With an open living space, bedroom, and bathroom on each floor, this condo is conducive to a variety of living and layout arrangements! Located along Frankford Avenue and near some of the city’s best restaurants, shops, and cafes, the new owner will be in the center of it all!

Details

Property type

Condominium

Est. home value

$358,187

Lot size

Unknown

Price per sq ft

$285

Year built

2017

Annual property taxes

$1,036

Price History

04/30/2024
BrightMLS

BrightMLS #PAPH2339650

Price change
$315,000
-4.55%
04/06/2024
BrightMLS

BrightMLS #PAPH2339650

Listed
$330,000

Schools & Community

Neighborhood: 

East Kensington

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

Tracey, Home Search Advisor
Tracey
Home Search Advisor

How can I help? Hi, I’m Tracey, your real estate expert. Send me your questions about this listing or about shopping for homes.

Response time: 20 min or less

or text or call (404) 738-5385

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

$105,955
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$183,845
Cash to seller
$105,955

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

January 2018

Original loan amount

$210,400

Est. remaining balance

$183,845

Interest rate

3.9%

Loan type

New Conventional, 30 year

Seller

Christopher Michael and Hemant Chavan

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?

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Status: Active

Tomo last checked: 06/02/2024 at 6:50 PM

Listing updated: 05/31/2024 at 4:12 PM

Listed by: Evan Frisina, Compass RE Phone #: (267) 435-8015

MLS: BrightMLS #PAPH2339650

BrightMLS logo

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