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Map
$1,300,000
●
Condo -
Off Market
241-43 CHESTNUT ST #D
PHILADELPHIA, PA 19106
3 Beds
3 Baths
3021 Sqft
$1,432,217
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 3,000 sf
of interior space, and an enormous 575 sf outdoor terrace with hot
tub and pergola. Visitors exiting from the elevator directly
into the unit will be immediately awed by soaring ceilings, huge
windows with magnificent views, original brick throughout, and a
loft style second floor. 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 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 C, a 2,200+ sf loft with 2 bedrooms and 2
bathrooms, which is also for sale, and can be easily joined with
this Unit D through a shared wall. Use Unit C as a large and
luxurious in-law suite or to enlarge Unit D into a magnificent
5,200+ sf residence with 4-6 bedrooms and 5-6 bathrooms.
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 $1,500 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
3,021Ft²
Days on Market
267 days
Land Size
-
Price per sqft
$430
Property Type
Condo
Property Taxes
-
HOA Dues
-
Year Built
-
Last updated: 10 months ago (Bright MLS #PAPH999570)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 23, 2021 | Sold | $1,300,000 | |
Sold | |||
Mar 31, 2021 | Listed by BHHS Fox & Roach-Center City Walnut | $1,300,000 | |
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: 3
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
Unit Building Type: Garden 1 - 4 Floors
Outdoor Living Structures: Terrace
Pool Information
No Pool
Lot Information
Tidal Water: N
Lot Size Dimensions: 0.00 x 0.00
Land Information
Land Assessed Value: $107,900
Above Grade Information
Finished Square Feet: 3021
Finished Square Feet Source: 3021
Financial Details
City Town Tax: $682
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $107,900
Tax Year: 2021
Tax Annual Amount: $1,510
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
3
Beds
3
Baths
2,750 ft²
$469/ft²
$1,290,000
Jul 25, 2023
$1,290,000
Sep 21, 2023
$1,184/mo
Condo
3
Beds
3
Baths
2,740 ft²
$456/ft²
$1,250,000
May 5, 2023
$1,250,000
Jun 20, 2023
-
Condo
3
Beds
4
Baths
2,747 ft²
$417/ft²
$1,145,000
Dec 2, 2020
$1,145,000
Jan 22, 2021
-
Condo
3
Beds
3
Baths
2,517 ft²
$550/ft²
$1,385,000
Mar 7, 2022
$1,385,000
Jun 2, 2022
-
Condo
3
Beds
3
Baths
2,569 ft²
$395/ft²
$1,013,625
Sep 25, 2021
$1,013,625
Dec 10, 2021
-
Sold
Condo
3
Beds
3
Baths
2,556 ft²
$554/ft²
$1,415,000
Oct 25, 2021
$1,415,000
Nov 8, 2023
-
Active
Condo
3
Beds
3
Baths
2,567 ft²
$467/ft²
$1,200,000
Mar 28, 2024
-
-
Active
Condo
3
Beds
2.5
Baths
2,567 ft²
$467/ft²
$1,200,000
Mar 28, 2024
-
$1,146/mo
In Contract
Condo
3
Beds
3
Baths
2,179 ft²
$500/ft²
$1,090,000
Mar 6, 2024
-
-
Active
Condo
3
Beds
4
Baths
2,059 ft²
$607/ft²
$1,250,000
Mar 26, 2024
-
$1,602/mo
Active
Townhouse
3
Beds
3
Baths
3,264 ft²
$397/ft²
$1,295,000
Apr 17, 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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