Check Availability
$7,250,000
Townhouse - For Sale

1622 LOCUST ST

PHILADELPHIA, PA 19103
bedrooms
Studio
bathrooms
0 Bath
$35,599
Estimated Monthly
$0
HOA / Fees

About This Property

Welcome to 1622 Locust Street, a spectacular and prestigious double wide estate with an expansive rear courtyard situated one block form Rittenhouse Square on a charming, tree-lined block.  Constructed in 1852 as the Isaac Lea House, an elegant and stately private residence, the property has been used for commercial purposes for the last century, and for the last five decades has been owned and occupied by the same family as legal offices.  With the flexibility to be occupied commercially or through a residential conversion -- including the potential for by-right development of the courtyard -- the opportunity for investors, developers and commercial users alike to acquire this type of property truly only presents itself once in a lifetime! The building was designed by noted architect John Notman, who also designed the Athenaeum on Washington Square, as well as Saint Mark's Church directly across Locust Street.  It is one of the first examples in the United States of the Italianate villa style, a distinction which earned the property a Historic designation in Philadelphia in 1967.  The building boasts unparalleled original period detail beginning with the ground floor: an ornate vestibule, rooms with gracious proportions; high ceilings, full height windows and doors; crown molding, chair rail, wainscoting; arched and corbelled openings; marble fireplace mantels and inlay parquet floors. A grand central staircase with ornate, carved wood balustrades connects the building's four stories, capped with a stained glass oval skylight.  In the rear of the property, accessible from a covered porch sits a large and pristine courtyard, lined with wrought iron railings and brick walls, paved with bluestone. Mature trees, manicured gardening and a fountain create the feeling of a secluded urban oasis. The patio backs onto Latimer Street, providing additional light and air. Each floor of 1622 Locust overlooks beautiful and serene views to the north and south. A covered driveway for two cars is accessible from both the building and Latimer Street.
Unit Size
-
Days on Market
355 days
Land Size
0.15 acres
Price per sqft
-
Property Type
Townhouse
Property Taxes
-
HOA Dues
-
Year Built
1854
Listed By
Last updated: 4 months ago (Bright MLS #PAPH2234078)

Price History

Date / Event Date Event Price
May 9, 2023 Listed by MSC Retail, Inc. $7,250,000
Listed by MSC Retail, Inc.

Property Highlights

Air Conditioning
Parking Details
Parking Features: Driveway
Interior Details

Interior Information

Living Area Square Feet Source: Estimated

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
3 Beds
4 Baths
3,622 ft²
$1,965/ft²
$7,115,634 Jun 11, 2020
$7,115,634 Aug 30, 2023
-
Condo
3 Beds
4 Baths
4,713 ft²
$1,704/ft²
$8,032,620 Oct 10, 2019
$8,032,620 Jun 16, 2023
-
Condo
3 Beds
4 Baths
3,622 ft²
$1,765/ft²
$6,394,395 Feb 25, 2022
$6,394,395 Jun 28, 2023
-
Condo
3 Beds
4 Baths
4,652 ft²
$1,764/ft²
$8,207,995 Feb 25, 2022
$8,207,995 Jun 15, 2023
-
Commercial
Loft
-
-
$7,250,000 Apr 3, 2023
-
-
Condo
3 Beds
4 Baths
3,622 ft²
$1,774/ft²
$6,424,995 Jun 20, 2023
-
-
Condo
3 Beds
4 Baths
4,652 ft²
$1,819/ft²
$8,459,995 Aug 25, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

1622 Locust Street 1622 Locust Street, Philadelphia, PA 19103
  • 2 Units for Sale
More about this Building
1622 Locust Street
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About Center City


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