1 /
19
Map
$7,250,000
●
Townhouse -
For Sale
1622 LOCUST ST
PHILADELPHIA, PA 19103
Studio
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
Exterior Details
Property Information
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
Foundation Details: Stone
Other Structures: Above Grade, Below Grade
Structure Type: Interior Row/Townhouse
Construction Materials: Masonry
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 58.00 x 126.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $2,431,500
Financial Details
City Town Tax: $15,359
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $2,431,500
Tax Year: 2023
Tax Annual Amount: $34,036
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Heat Pump(s)
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
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
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
-
Active
Condo
3
Beds
4
Baths
3,622 ft²
$1,774/ft²
$6,424,995
Jun 20, 2023
-
-
Active
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