Price Reduction - Views
Address
241 Chestnut Street # D Philadelphia, PA
Price
$ 1,149,000
Property Attributes
  • MLS#PAPH999570
  • TypeCondos
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19106
  • NeighborhoodOLD CITY
  • Zip19106
  • StyleBi-level
  • Year Built1900
  • Taxes1510
  • Price$ 1,149,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage3021
Listing Provided Courtesy Of:
BHHS Fox & Roach-Center City Walnut
Data Source:
Bright MLS
Property Description

Rarely does an opportunity present itself to build your dream home in the middle of the most historic neighborhood in the country. Presently unfinished, this spacious bi-level home has over 3,000 sf of interior space, and an enormous 575 sf outdoor terrace with hot tub and pergola. Visitors exiting from the elevator directly into the unit will be immediately awed by soaring ceilings, huge windows with magnificent views, original brick throughout, and a loft style second floor. There is great potential here for the most discerning owner occupants and investors. The buyer can easily rebuild this unit as an extremely spacious 2-bedroom, 2.5-bathroom residence by simply reinstalling framing in accordance with existing drawings – or reconfigure it as a 3-bedroom home. This historic building has just undergone a complete $4.5 million gut-renovation. Upgrades and replacements too numerous to describe include a new roof, new steel bracing, new modern elevator, new gas lines, new HVAC lines, new major plumbing, new major electric, other new mechanicals, new security, fire alarm and sprinkler systems, a new lobby and all other common areas completely redone. There is virtually nothing left from the original building constructed in 1847 but the unique character of its historic brick exterior. Positioned directly across from the Museum of the American Revolution and amidst national parks and landmarks, you are within short walking distance to Independence Hall, Penn's Landing, The Liberty Bell, nationally acclaimed restaurants like Zahav, Morimoto, Amada and Buddakan and dozens of other well-known gourmet restaurants, in a terrific school district, and surrounded by trendy boutiques and galleries. The soon to come I-95 “Over-cap Park” will be just two blocks away. In another unique opportunity, this unit may be combined with the adjacent Unit C, a 2,200+ sf loft with 2 bedrooms and 2 bathrooms, which is also for sale, and can be easily joined with this Unit D through a shared wall. Use Unit C as a large and luxurious in-law suite or to enlarge Unit D into a magnificent 5,200+ sf residence with 4-6 bedrooms and 5-6 bathrooms. Carrying costs for any buyer will be very low for a long time. Because everything in the building is brand new, it has no deferred maintenance and extremely low condo fees. Taxes have been reduced to only $1,500 per year (!) due to the building overhaul, and the buyer will enjoy a full 10-year tax abatement if renovations begin in 2021.

Price History
3/31/2021 Listed $1,199,000
4/29/2021 5% - $1,149,000

General Features

Accessibility None
Architectural Style Bi-level
Association Amenities None
Association Fee Includes None
Association Y/N No
Bathrooms Count Main Level 3.00
Bathrooms Full Main Level 3
Condo/Coop Association Y/N Yes
Construction Materials Masonry
Cool Fuel Electric
Cooling Central A/C
County PHILADELPHIA
Days on Market 33
Garage Y/N No
HOA Fee 2 0.00
HOA Fee 2 Frequency Monthly
Heating Forced Air
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
Levels 2
MLS Area 19106 (19106)
New Construction No
Other Structures Above Grade, Below Grade
Ownership Condominium
Patio/Porch Features Terrace
Possession Settlement
Price Per Sq Ft 380.34
Property Type Residential
Senior Community Y/N No
Sewer Public Sewer
Structure Type Unit/Flat/Apartment
Subdivision Name OLD CITY
Tax Annual Amount 1510.0
Tax Lot 154
Tax Year 2021
Total Units 1
Unit Number D
Vacation Rental Y/N No
Water Access Y/N No
Zoning CMX3

Interior Features

Above Grade Finished Area 3021
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Basement Y/N No
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 1
Full Baths 3
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 3021
Main Level Bedrooms 3
Total Baths 3
Total Bedrooms 3

Exterior Features

Lot Dimensions 0.00 x 0.00
Navigable Water Y/N No
Pool Y/N No Pool
Type of Parking On Street
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 55+
  • 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 19106

Price
AVG $740K
$1.15M
Taxes
AVG $6,498
$1,510
Visits
AVG 86
15
Year Built
AVG 1957
1900
Walkscore
AVG 97
99
Data Provided by Walkscore ® not using MLS data

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