1522 Locust Street

1522 Locust Street has been categorized by the local assessors in Philadelphia, PA as a office type of property. The building on the property was first built in 1925 and is 99 years old. The building has a total of 3 stories. In addition, 1522 Locust Street has 7,200 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,200 ft and across the front of the lot is 200 ft. The area measurement of the land has been determined as 2,400 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. The exterior walls of the building are made of brick. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1522 Locust Street sold most recently in Jun 2, 2006 for a total of $2,750,000. If you work out the math, that's approximately a cost of $381.94 per sqft. Before that, the property was also sold for $562,500 in Nov 10, 1999. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $30,138 in taxes each year. 1522 Locust Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,153,000. If we break it down further, the land itself was valued at $430,600. Improvements to the property, however, were assessed at a total of $1,722,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.