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$299,000

Beds
1
Baths
1.0
sq ft
715

301 Race St Unit 503, Philadelphia, PA 19106

301 Race St Unit 503

PHILADELPHIA, PA 19106

  • 52 days on market
Here is your opportunity to live in one of the most sought after neighborhoods of Philadelphia. This newly renovated spacious 1 bedroom is located in Old City surrounded by art galleries, shops, cafes, and amazing restaurants. The WireWorks building stands timeless with its red brick exterior. The main entrance has a pristine kept garden terrace and covered walkway. Bright natural light illuminates the spacious living area and calls attention to the ultimate open floor plan that allows for plenty of options depending on your lifestyle. Design one large living area or designate space for a dining area - the opportunities are endless. The newly renovated kitchen overlooks the living space and features everything you need to prepare the perfect meal, including ample cabinet space, quartz countertops, and modern stainless steel amenities. The character of the residence continues into the bedroom, where elevated ceilings, tons of space, and beautiful natural light make this the ultimate retreat. (The virtual tour shows a corner screen from a previous tenant, which once removed opens up the bedroom space.) The bathroom is newly renovated, clean and contemporary, and includes a spacious vanity sink and shower. Just outside the bathroom is the brand new washer and dryer. The Condo has large windows allowing sunlight to flood the space highlighting the character of the exposed brick walls. The Wireworks provides secured entry off a private courtyard. Residents have a private driveway, perfect for loading and unloading. There is a parking garage across the street for a monthly fee or permit parking from the city for street parking at very low annual cost (consult PPA for details). Bike storage is available in the courtyard level as well as storage in the ceiling within the condo. Conveniently located just steps from Sassafras Market, Cafe Ole, Race Street Cafe and loads of unique restaurants, boutiques and art galleries. Stroll down to the exciting new attractions along the waterfront which include: Race Street Pier, Cherry Street Pier, Harbor Park, Blue Cross River Rink. Book your tour now as this chance to own in one of Philadelphia's most premier buildings will not be around for long! Please note, the HOA limits 1 pet per unit and a max of 60 pounds. Photos are from previous occupant and some photos are virtually staged.

Details

Property type

Condominium

Est. home value

$282,020

Lot size

Unknown

Price per sq ft

$419

Year built

1870

Annual property taxes

$3,404.31

HOA

No

Price History

10/01/2024
Bright

Bright #PAPH2404362

Listed
$299,000
07/01/2024
Bright

Bright #PAPH2308646

Removed
$299,000
06/07/2024
Bright

Bright #PAPH2308646

Price change
$299,000
-5.08%

Schools & Community

Neighborhood: 

Old City

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

$77,452
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$197,628
Cash to seller
$77,452

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

Seller’s Loan History

Lender

Amres Corporation

Loan start date

October 2021

Original loan amount

$212,000

Est. remaining balance

$197,628

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Daniel L Fedorovsky and Roman Fedorovsky

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 6:00 AM

Listing updated: 11/15/2024 at 10:19 PM

Listed by: John DeWitt Kuester III, Fusion PHL Realty, LLC Phone #: (215) 977-9777

MLS: Bright #PAPH2404362

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