Address
1324 Locust Street # 521 Philadelphia, PA
Price
$ 96,000
Property Attributes
  • MLS#PAPH909532
  • TypeCondos
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19107
  • NeighborhoodWASHINGTON SQ WEST
  • Zip19107
  • StyleUnit/Flat
  • Year Built1900
  • Taxes1090
  • Price$ 96,000
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage319
Listing Provided Courtesy Of:
Keller Williams Philadelphia
Property Description

This charming, affordable studio in the Arts Ballroom building is completely turnkey, immediately ready for an owner-occupant to move-in or an investor to lease up. This unit features hardwood floors throughout the entrance, main room & walk-in closet. The kitchen has tile flooring, modern wood cabinetry and a stainless steel mini-fridge. This is one of the very few units in the building with a walk-in closet. Most units in this building only have a single reach-in closet, which is hardly enough for most people. The bathroom of this unit is a simple, classic design of black & white tiles, a bathtub, medicine cabinet & additional built-in storage above the toilet. The building features a grandiose lobby (with free wifi) from its days as a luxury hotel, 24/7 security, professional on-site management, maintenance staff, a fitness center, large & ample laundry facilities, bicycle storage, and a relaxing lounge area. In addition to all of these amenities, all utilities are also included in the monthly HOA fee: heat, electric, central air, water, hot water, sewer & Comcast cable TV! This unit is in an incredible location, right on the Avenue of the Arts and convenient to all Center City has to offer. Hundreds of restaurants, bars & cultural institutions all within a 10 minute stroll out your front door. Additionally, access to the Broad Street Line is at the end of the block allows quick access to South Philly & the stadiums or North Philly & Temple University. PATCO, Market Frankford & Regional Rail stations are also just a short walk away. For buyers planning to occupy the unit themselves, they are eligible for the Homestead Exemption, which will reduce the annual property taxes from $1,090 down to $456. For buyers planning to lease out the unit for investment purposes, the unit should rent for around $1100 per month based on recent comps in the building (a 6% cap rate). Listing agent is the owner of this property, as well as the occupant. Can accommodate a quick closing date. Can also be flexible with allowing investor-buyers to conduct rental showings prior to close.

Price History
7/4/2020 Listed $99,900
7/10/2020 2% - $98,900
7/21/2020 1% - $98,000
7/25/2020 2% - $97,000
8/3/2020 2% - $96,000
8/10/2020 3% - $94,000
8/17/2020 3% - $92,000

General Features

Acceptable Financing Cash, Conventional
Accessibility Elevator
Appliances Cooktop, Refrigerator
Architectural Style Unit/Flat
Association Amenities Fitness Center, Laundry Facilities, Security
Association Fee Includes Water, Sewer, Electricity, Cable TV, Air Conditioning, Heat, Management, Common Area Maintenance, Health Club, Ext Bldg Maint, Snow Removal, Trash
Association Y/N No
Building Name ARTS CONDOMINIUMS
Condo/Coop Association Y/N Yes
Construction Materials Masonry
Cool Fuel None
Cooling Central A/C
County PHILADELPHIA
Garage Y/N No
HOA Fee 2 448.00
HOA Fee 2 Frequency Monthly
Heating Central
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
Historic Y/N No
Interior Features Ceiling Fan(s), Kitchenette, Studio, Walk-in Closet(s)
Levels 1
MLS Area 19107 (19107)
New Construction No
Other Structures Above Grade, Below Grade
Ownership Condominium
Possession Immediate
Price Per Sq Ft 300.94
Property Type Residential
Real Estate Owned Y/N No
Senior Community Y/N No
Sewer Public Sewer
Structure Type Unit/Flat/Apartment
Subdivision Name WASHINGTON SQ WEST
Tax Year 2020
Unit Number 521
Vacation Rental Y/N No
Water Access Y/N No
Zoning CMX5

Interior Features

Above Grade Finished Area 319
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Basement Y/N No
Bathrooms Count Main Level 1.00
Bathrooms Full Main Level 1
Below Grade Finished Area Source Assessor
Below Grade Finished Area Unit Type Square Feet
Below Grade Unfin Area Units Square Feet
Below Grade Unfin Sqft Source Assessor
Central Air Y/N Yes
Entry Level 5
Fireplace Y/N No
Full Baths 1
Heating Fuel None
Heating Y/N Yes
Hot Water Other
Living Area 319
Total Baths 1
Total Rooms 1

Exterior Features

Horse Y/N No
Inclusions Refrigerator
Lot Dimensions 0.00 x 0.00
Navigable Water Y/N No
Pool Y/N No Pool
Spa No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19107

Price
AVG $450K
$100K
Taxes
AVG $3,799
$1,090
Visits
AVG 57
74
Year Built
AVG 1927
1900

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