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$339,000

Beds
3
Baths
3.0
sq ft
1,317

2616 Federal St Unit 1, Philadelphia, PA 19146

2616 Federal St Unit 1

PHILADELPHIA, PA 19146

  • 99 days on market
    • Price drop $10,999↓
Motivated Seller! 2616 Federal Street is a 3 bedroom, 3 full bath condo home in the Point Breeze neighborhood of Philadelphia. Newly built in 2019, there are 5 years left on the valuable Tax Abatement! Enjoy the sleek, modern facade of this exclusive 4-unit building. The main level features an open concept living room & kitchen, with access to the charming back patio with privacy fence, a sought-after outdoor space. You will love the on-trend kitchen that showcases white shaker cabinets, white quartz countertops, GE stainless appliances, subway tile backsplash, and pendant lights over the breakfast bar with seating for 3. You will also find a bedroom and full bathroom on this floor. The lower level has two more bedrooms, and two more full en-suite bathrooms, as well as a convenient laundry area. The bathrooms have beautiful tile work, and frameless glass shower doors. Dark hardwood floors run throughout both levels, and there are crisp modern amenities such as extra high ceilings, two-panel doors, oversized trim, and recessed lighting. Enjoy a convenient, low-maintenance lifestyle as the management company takes care of exterior building maintenance and covers the water bill. This fresh condo home has everything you need, and nothing you don't. Prime location, huge savings from the tax abatement, and a lovely outdoor space. Offering 1% INTEREST RATE BUYDOWN for the 1st year at ZERO cost to the homebuyer for a primary residence when using the preferred lender. Ask us for more info and Schedule a private tour today!

Details

Property type

Condominium

Est. home value

$318,294

Lot size

Unknown

Price per sq ft

$258

Year built

2019

Annual property taxes

$545

HOA

No

Price History

10/24/2024
Bright

Bright #PAPH2386688

Price change
$339,000
-3.14%
09/12/2024
Bright

Bright #PAPH2386688

Price change
$349,999
-9.09%
08/20/2024
Bright

Bright #PAPH2386688

Listed
$385,000
+40.19%

Schools & Community

Neighborhood: 

Grays Ferry

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

$77,016
Asking price
$339,000
Closing costs (~8% of asking)
-$27,120
Est. remaining loan balance
-$234,864
Cash to seller
$77,016

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

October 2019

Original loan amount

$261,934

Est. remaining balance

$234,864

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

Alexandra Kirchner

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: 11/22/2024 at 10:50 AM

Listing updated: 10/24/2024 at 1:54 PM

Listed by: Tandra Bowers, Keller Williams Main Line Phone #: (610) 520-0100

MLS: Bright #PAPH2386688

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