1601 Mt Vernon Street

Off Market

1601 Mt Vernon Street

Philadelphia PA 19130

2000 sq. ft.

Other

Last sold for $455,000

Jafar Maleki, last sold this property on 20 June 2023 after 253 days on market.

Overview

1601 Mount Vernon St. is a great opportunity for a developer or savvy investor to capitalize on a piece of Philadelphia history in a highly desirable historic neighborhood near Center City. On a 20?x100? corner lot, with a building fa?ade on 16th St. (20?x30?, with the rest of the property a vacant lot), professionals have created a best and highest use plan for this lot, having consulted with the Philadelphia Historical Commission, to erect 2 single family homes with parking (approximately 3,000+ sq. ft. each). Each single family home is estimated to be valued at well over $1M when completed. Please note this is not a final approval of the design of the building by the Historical Commission, but the design of the building is deemed to be generally responsive with what the Commission could likely approve (see the conceptual drawings in the documents section). The existing historic structure/shell has meticulously restored front and side facades, a stabilized interior and exterior, a new roof, new joists, new basement foundation, and newer windows. There will be a zoning variance needed for parking/curb cuts. This is a great opportunity to live in/build a slice of history, and create your own, as the home was lived in and belonged to abolitionist Robert Purvis, an Underground Railroad facilitator. The Spring Garden neighborhood features handsome preserved Victorian architecture, Green Street Dog Park, The Spring Gardens community garden, and many fine restaurants, and is walking distance to Center City and Rittenhouse Square, steps from the Art Museum and Whole Foods, Target, and other essential retail stores, with easy access to highways and University City. The sale of 1601 Mt Vernon must be approved by the court as part of an Act 135 conservatorship proceeding. Please see the documents section of this listing to view preliminary plans/drawings

Features

2000 sq. ft. lot size

Other

Estimated Value

Based on this property and similar other properties sold in Philadelphia over the last 12 months, the estimated median property value of 1601 Mt Vernon Street is $3.85k.

Median value

$3.85k

Estimated value range

$1.74k - $651k

Median days on market

Estimated value trend

-100%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Philadelphia. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1601 Mt Vernon Street

2023

Sold

$455,000

20 Jun 2023 by Jafar Maleki, of BHHS Fox & Roach-Center City Walnut

Happy sellers in Philadelphia

We have insufficient information to provide an overview of customer satisfaction for Philadelphia. Viewing the agent profiles, reviews and sales for Philadelphia can provide insights for this location.

Local market activity for other properties in Philadelphia

In the last 12 months, 5 other properties similar to 1601 Mt Vernon Street, have been sold.

This represents a 17% increase in other properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Philadelphia for a market analysis.

Reid Rosenthal

at BHHS FOX & ROACH REALTORS

(50 reviews)

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Frank Altamuro

at Coldwell Banker Preferred - Old City

(24 reviews)

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Bernard Faigenbaum

at Bernard D Faigenbaum Real Estate Broker

(3 reviews)

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Michael Gutkind

at BHHS Fox & Roach-Haverford

(14 reviews)

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Nearby agents

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Reid Rosenthal

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