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Map
$850,000
●
Condo -
Off Market
241-43 CHESTNUT ST #C
PHILADELPHIA, PA 19106
2 Beds
3 Baths,
1
Half Bath
2217 Sqft
$936,450
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
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 2,200 sf
of interior space that can be configured as a 2-bedroom or a
3-bedroom layout. Visitors exiting from the elevator directly
into the unit will be immediately awed by the breathtaking size and
style of the four new windows in the living room overlooking
Chestnut Street, and the open 2-story loft layout that begs to be
utilized for amazing modern living. The full-width interior balcony
overlooking the 2-story living room has a stunning view through the
living room's windows. 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, 2.5-bathroom
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 D, a 3,000+ sf home with 2-3 bedrooms and 2.5
bathrooms, which is also for sale, and can be easily joined with
this Unit C through a shared wall. Buy the two units and you will
have an absolutely one-of-a-kind 5,200+ sf residence with 4-6
bedrooms and 5-6 bathrooms, or renovate Unit D for yourself and
turn this Unit C in the world's best in-law suite. 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 $1,200 (!) per year due to the building overhaul, and the
buyer will enjoy a full 10-year tax abatement if renovations begin
in 2021.
Unit Size
2,217Ft²
Days on Market
267 days
Land Size
-
Price per sqft
$383
Property Type
Condo
Property Taxes
$100
HOA Dues
-
Year Built
-
Last updated: 10 months ago (Bright MLS #PAPH999484)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 23, 2021 | Sold | $850,000 | |
Sold | |||
Mar 31, 2021 | Listed by BHHS Fox & Roach-Center City Walnut | $850,000 | |
Listed by BHHS Fox & Roach-Center City Walnut |
Property Highlights
Air Conditioning
Parking Details
Parking Features: On Street
Interior Details
Bedroom Information
Bedrooms on Main Level: 2
Interior Information
Living Area Square Feet Source: Assessor
Exterior Details
Property Information
Ownership Interest: Condominium
Year Built Source: Estimated
Building Information
Other Structures: Above Grade, Below Grade
Structure Type: Unit/Flat/Apartment
Construction Materials: Masonry, Other
Unit Building Type: Garden 1 - 4 Floors
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 0.00 x 0.00
Land Information
Land Assessed Value: $85,700
Above Grade Information
Finished Square Feet: 2217
Finished Square Feet Source: 2217
Financial Details
City Town Tax: $541
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $85,700
Tax Year: 2021
Tax Annual Amount: $1,200
Year Assessed: 2021
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: None
HOA/Condo/Coop Amenities: None
Condo/Coop Fee: $0
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
2
Beds
2
Baths
2,181 ft²
$386/ft²
$842,500
Mar 2, 2023
$842,500
May 15, 2023
-
Condo
2
Beds
2
Baths
2,064 ft²
$339/ft²
$699,900
Oct 26, 2021
$699,900
Jan 18, 2024
-
Condo
2
Beds
2
Baths
1,913 ft²
$376/ft²
$720,000
Apr 1, 2023
$720,000
Oct 13, 2023
-
Condo
2
Beds
2
Baths
2,684 ft²
$326/ft²
$875,000
Sep 14, 2022
$875,000
Jun 16, 2023
-
Condo
2
Beds
2
Baths
1,913 ft²
$366/ft²
$700,000
May 5, 2023
$700,000
Dec 13, 2023
-
Condo
2
Beds
2
Baths
1,790 ft²
$458/ft²
$820,000
Oct 16, 2023
$820,000
Jan 15, 2024
-
Active
Condo
2
Beds
3
Baths
1,934 ft²
$413/ft²
$799,000
Apr 8, 2024
-
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/31/2021
|
3 Bed
|
3 Bath
|
3021 ft²
|
$1,300,000
3 Bed
3 Bath
3021 ft²
|
$1,300,000
12/23/2021
|
-
|
Rachel Iannotti
BHHS Fox & Roach-Center City Walnut
|
|
03/31/2021
|
2 Bed
|
3 Bath
|
2217 ft²
|
$850,000
2 Bed
3 Bath
2217 ft²
|
$850,000
12/23/2021
|
-
|
Rachel Iannotti
BHHS Fox & Roach-Center City Walnut
|
|
06/01/2012
|
2 Bed
|
2 Bath
|
2250 ft²
|
$1,150,000
2 Bed
2 Bath
2250 ft²
|
$1,100,000
-4.35%
01/31/2013
|
-
|
Michael Sivel
BHHS Fox & Roach-Chestnut Hill
|
Building Info
241-43 Chestnut Street
241-43 Chestnut Street, Philadelphia, PA 19106
- 1 Unit for Sale
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