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Map
$675,272*
●
Multifamily -
Off Market
1601 MOUNT VERNON STREET
PHILADELPHIA, PA 19130
Studio
0 Bath
3800 Sqft
$540,000 - $660,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
Rare opportunity to renovate a historic building on a corner lot
into a state-of-the-art property, currently zoned for up to 5
units. 11' ceilings on the 1st & 2nd floors and a very large rear
patio. 1601 Mt. Vernon, once the home of renowned abolitionist and
Underground Railroad facilitator Robert Purvis, is a shell with
substantial improvements, including meticulously restored front and
side facades, (with some first floor facade work remaining to be
completed); interior and exterior structural stabilization of the
property; newer historically approved windows; new roof and roof
drainage system; new attic joists; new roof decking; and a new
basement foundation. The property used to have a rear ell, facing
16th Street, which the new buyer will have to rebuild as a new
construction addition to the current shell. When complete, you will
have 3,800 sq.ft. of livable space plus 600 sq.ft. of lower level
space plus attic storage--a premier cornerstone property with up to
5-units. This property would also make a spectacular single family
home. Significant amount of new construction on this prime block in
the Spring Garden Neighborhood. An easy walk to everything the Art
Museum area (Whole Foods, Target, great restaurants and coffee
shops) and Center City have to offer. Big south facing windows with
skyline views from 3rd floor plus a skylight in the new roof.
NOTES--The sale of 1601 Mt Vernon MUST BE APPROVED BY THE COURT as
part of an Act 135 conservatorship proceeding. Contact Agent for
more details. A curb-cut for parking would require a variance.
SHOWING NOTES--When showing (or walking by), the rear ell
dimensions are delineated by the dug out rear foundation area. Note
how large this building will be with the rear ell and also how
large the patio space will remain. Also, the temporary
structural walls currently in the property can now be removed as
substantial structural support has been added. This structural work
includes star bolts, rebuilt chimneys, New attic floor. Please
bring a flashlight as there is no electricity. Agent and Buyers
must sign liability waiver before entering. ELIGIBLE FOR 10 YEAR
TAX ABATEMENT.
The manager has listed the unit size as 3800 square feet.
The manager has listed the unit size as 3800 square feet.
Unit Size
3,800Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$158
Property Type
Multifamily
Property Taxes
$236
HOA Dues
-
Year Built
1915
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 26, 2023 | Sold | $455,000 | |
Sold | |||
Oct 27, 2021 | No longer available | - | |
No longer available | |||
Apr 29, 2021 | Relisted | $600,000 | |
Relisted | |||
Apr 28, 2021 | No longer available | - | |
No longer available | |||
Apr 15, 2021 | Price Decreased |
$600,000
↓ $150K
(20%)
|
|
Price Decreased |
Show More
Property Highlights
Fireplace
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
3
Beds
2
Baths
-
$595,000
Aug 8, 2005
$595,000
Jul 31, 2006
$558/mo
Active
Townhouse
3
Beds
2.5
Baths
3,584 ft²
$187/ft²
$669,000
Jan 9, 2023
-
$664/mo
Active
Townhouse
5
Beds
4
Baths
3,000 ft²
$183/ft²
$550,000
Feb 16, 2023
-
$680/mo
In Contract
Condo
1
Bed
1.5
Baths
1,091 ft²
$545/ft²
$595,000
Jan 13, 2023
-
$688/mo
Active
Condo
1
Bed
1
Bath
1,058 ft²
$496/ft²
$525,000
Feb 2, 2023
-
$559/mo
Active
Townhouse
4
Beds
2.5
Baths
2,484 ft²
$209/ft²
$519,900
Dec 29, 2022
-
$582/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/09/2020
|
|
Studio
|
-
|
3800 ft²
|
$750,000
Studio
-
3800 ft²
|
-
-
|
-
|
Jeff City Block
Compass
|
Building Info
About North Philadelphia
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