1531 Spruce Street
1531 Spruce Street
Philadelphia, PA 19102
$2,775,000
Last Sold Price
5
Beds
5
Baths
2
1/2 Baths
6,825 Sq. Ft.
$407 / Sq. Ft.
6,825
Sq. Ft.
$407
per Sq. Ft.
Closed 7/18/22
Closed 7/18/22
Description
Don’t miss this once in a lifetime opportunity to own one of Philadelphia’s finest pieces of architecture. Occupying a premier tree-lined street in the heart of the artistic and cultural center of the city, this magnificent Greek Revival townhouse is a marriage of old world charm and modern amenities and comfort. The beautifully renovated 5440-square-foot historic home offers an incredible opportunity for the discerning owner occupant seeking luxe, spacious, convenient urban living, or the savvy...Don’t miss this once in a lifetime opportunity to own one of Philadelphia’s finest pieces of architecture. Occupying a premier tree-lined street in the heart of the artistic and cultural center of the city, this magnificent Greek Revival townhouse is a marriage of old world charm and modern amenities and comfort. The beautifully renovated 5440-square-foot historic home offers an incredible opportunity for the discerning owner occupant seeking luxe, spacious, convenient urban living, or the savvy investor who wants to own a lucrative and stable income-producing asset. With versatile CMX3 zoning code, the possibilities for commercial ventures are vast: high-end residential monthly rental, AirBnB/short term rental for groups like wedding parties or companies hosting visiting VIPs, private event space, or a truly one-of-a-kind live/work space, all scarce and in high demand. Currently, it is set up as a grand home with room for a family to spread out and entertain: an upscale urban dweller’s dream. The gorgeous brick facade welcomes you into a spacious light-filled vestibule. The open concept living space includes a living/dining room with soaring ceilings, ornate crown, chandelier, and chair rail moldings, and beautiful hardwood floors. The large fireplace is one of 9 fireplaces throughout the home. The kitchen is as functional as it is beautiful: custom maple cabinets, upholstered eat-in banquette, and state of the art appliances including Viking stove and wine fridge, Sub-Zero refrigerator/ freezer, Miele dishwasher and built-in Miele coffee/espresso maker, along with speed oven and plenty of storage. Just beyond the kitchen is a lovely room with a fireplace, wet-bar and wine refrigerator that makes a great den or family room with its built-in bookcase/media center, or could be used as a separate dining room. Just off this space is a powder room, coat closet, and a pretty back patio with room for grilling–a cozy, private outdoor sanctuary. As you ascend the gorgeous winding wooden staircase, you’ll be struck by the dramatic skylight that lights up the home from bottom to top. A classic library/study with floor to ceiling built-in cherry bookshelves with a second powder room graces the first landing. This level is also home to the magnificent primary suite. French doors with Juliet balconies overlooking Spruce Street will make you feel like royalty as you watch the city below. Suite includes a seating/dressing room, spacious closets, and a grand master bath with stall shower, bidet toilet and soaking tub. The upper floors include 4 additional bedrooms, 3 additional bathrooms, upper floor laundry closet and a lovely outdoor upper floor deck. The finished basement (another 1,385 sq. ft.) includes a gym and full bath with whirlpool tub and sauna. Electric and plumbing are fully updated with 4-zoned HVAC and home was recently fully wired for whole house high-speed Wifi. Just steps to the Kimmel Center, Academy of Music and the rest of the Avenue of the Arts and a few blocks from Rittenhouse Square and all the best dining and shopping the city has to offer, this location cannot be beat. An easy commute to just about anywhere on foot or via public transit, and a quick hop to see all your favorite Philly teams at the stadiums via the Broad Street subway line. This home is a dream come true for the discriminating urban dweller who wants to be in the center of it all, and for the smart investor who knows that real estate in a prime location is the best investment, perhaps now more than ever. The seller, also owner of the esteemed Touraine apartment building across the street, is offering a secure, designated parking spot in their lot, use of their fitness center, and convenient building access through the front for 2 years with the right offer, with option to extend for a monthly fee. Homes of this size and in this condition with the added bonus of flexible zoning are extremely rare to find in the heart of the city!
- Listed by Karrie Gavin • Elfant Wissahickon-Rittenhouse SquareP: 2152601376 karrie@elfantwissahickon.com
Property Details for 1531 Spruce Street
Tax ID Number
082130000
OwnershipFee Simple
Condo Coop AssociationNo
HOANo
Structure TypeInterior Row/Townhouse
StyleTraditional
Levels/Stories3
WaterfrontNo
Location
Listing Courtesy of Elfant Wissahickon-Rittenhouse Square
Sold By Compass Pennsylvania, LLC
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LISTING UPDATED: 09/07/2022 05:54 AM
Property Details for 1531 Spruce Street
| Status | Closed |
|---|---|
| MLS # | PAPH2108666 |
| Days on Market | 37 |
| Taxes | $27,541 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Townhouse |
| MLS Type | Residential / Fee Simple |
| Year Built | 1800 |
| Lot Size | 0.05 AC / 1,980 SF |
| County | Philadelphia County |
Location
Listing Courtesy of Elfant Wissahickon-Rittenhouse Square
Sold By Compass Pennsylvania, LLC
Add your commute
Building Information for 1531 Spruce Street
Stories3Residences-Year Built1800Lot Size0.05 AC / 1,980 SF
Payment Calculator
$17,439 per month
30 year fixed, 7.25% Interest
Principal and Interest
$15,144
Property Taxes
$2,295
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1531 Spruce Street
Location
Location
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- Elementary School: GREENFIELD ALBERT (PHILADELPHIA PA)
- ElementarySchoolSource: Listing Agent
- Middle Or Junior School: GREENFIELD ALBERT (PHILADELPHIA PA)
- MiddleSchoolSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19102 (19102)
Waterfront / Water Access
Waterfront / Water Access
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
- Senior Community: No
- Type of Condo
Taxes and Assessment
Taxes and Assessment
- Tax Year: 2022
- Tax Assessed Value: $1,967,500
- Year Assessed: 2022
- County Tax: $0
- Improvement Assessed Value: $1,377,250
- City Town Tax: $12,428
- Land Assessed Value: $590,250
- Clean Green Assessed: No
- Land Use Code: O70
- Zoning: CMX3
- Tax Lot: 99
- School Tax: $15,112
- Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
- Concessions: No
Rooms
Main
- # Bathrooms Count Main Level: 1
- # Bathrooms Half Main Level: 1
All Upper Levels
- # Bedrooms Count All Upper Levels: 5
- # Bathrooms Count All Upper Levels: 5
- # Bathrooms Full All Upper Levels: 4
- # Bathrooms Half All Upper Levels: 1
Upper Level 1
- # Bedrooms Count Upper Level: 5
- # Bathrooms Count Upper Level: 5
- # Bathrooms Full Upper Level: 4
- # Bathrooms Half Upper Level: 1
All Lower Levels
- # Bathrooms All Lower Levels: 1
- # Bathrooms Full All Lower Levels: 1
Lower Level 1
- # Bathrooms Lower Level: 1
- # Bathrooms Full Lower Level: 1
Rooms
- Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Other
- Stories: Lower 1, Main, Upper 1
Rooms Information
Room 1
- Room Type: Other
- Room Length: 15.0
- Room Width: 15.0
- Room Level: Upper 1
- Room Exists: Yes
- Room Dimensions: 15 X 15
- Room Description: BEDROOM
Room 2
- Room Type: Bedroom 1
- Room Length: 20.0
- Room Width: 19.0
- Room Level: Upper 1
- Room Exists: Yes
- Room Dimensions: 20 X 19
Room 3
- Room Type: Family Room
- Room Length: 18.0
- Room Width: 12.0
- Room Level: Main
- Room Exists: Yes
- Room Dimensions: 18 X 12
Room 4
- Room Type: Other
- Room Length: 10.0
- Room Width: 15.0
- Room Level: Upper 1
- Room Exists: Yes
- Room Dimensions: 10 X 15
- Room Description: DRESSING
Room 5
- Room Type: Other
- Room Length: 15.0
- Room Width: 12.0
- Room Level: Upper 1
- Room Exists: Yes
- Room Dimensions: 15 X 12
- Room Description: STUDY
Room 6
- Room Type: Bedroom 3
- Room Length: 24.0
- Room Width: 16.0
- Room Level: Upper 1
- Room Exists: Yes
- Room Dimensions: 24 X 16
Room 7
- Room Type: Kitchen
- Room Length: 22.0
- Room Width: 11.0
- Room Level: Main
- Room Exists: Yes
- Room Dimensions: 22 X 11
Room 8
- Room Type: Primary Bedroom
- Room Length: 20.0
- Room Width: 20.0
- Room Level: Upper 1
- Room Exists: Yes
- Room Dimensions: 20 X 20
Room 9
- Room Type: Bedroom 2
- Room Length: 19.0
- Room Width: 11.0
- Room Level: Upper 1
- Room Exists: Yes
- Room Dimensions: 19 X 11
Room 10
- Room Type: Living Room
- Room Length: 31.0
- Room Width: 20.0
- Room Level: Main
- Room Exists: Yes
- Room Dimensions: 31 X 20
Building Info
Building Info
- Year Major Reno Remodel: 2018
- Total Finished SQFT: 6,825.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: 5,440.00
- Total SQFT: 6,825.00
- Total SQFT Source: Estimated
- Main Entrance Orientation: South
- Construction Materials: Masonry
- Flooring Type: Hardwood
- Basement Type: Full, Fully Finished
- Foundation Details: Stone
- Room and Floor: Bathrooms Half-Main Level-1, Bedrooms-Upper Level 1-1, Bedrooms-Upper Level 1-2, Bedrooms-Upper Level 1-3, Bedrooms-Upper Level 1-4, Bedrooms-Upper Level 1-5, Bathrooms Full-Upper Level 1-1, Bathrooms Full-Upper Level 1-2, Bathrooms Full-Upper Level 1-3, Bathrooms Full-Upper Level 1-4, Bathrooms Full-Lower Level 1-1, Bathrooms Half-Upper Level 1-1
- # Bathrooms Full: 5
- # Bathrooms Half: 2
Lot / Land Information
Lot / Land Information
- Lot Size Source: Assessor
- Lot Size Dimensions: 22.00 x 90.00
- Lot Dimensions Source: Assessor
- Parcel ID: 925873
Parking
Parking
- Type Of Parking: Parking Lot
- Parking Lot - # of Spaces: 1
- Number of Assigned Spaces: 1
- Parking Features: Assigned
Interior Features
Interior Features
- Interior Features: Family Room Off Kitchen, Kitchen - Eat-In, Skylight(s), Wine Storage, Wood Floors, Crown Moldings
- Fireplace: Yes
- Fireplaces Count: 9
- Accessibility Features: None
- Security Features: Security System
- Laundry Type: Upper Floor, Basement
- Virtual Tour URL Unbranded: https://my.matterport.com/show/?m=zkM5gppA6Te&sr=-1.57,-1.5&ss=53
Exterior Features
Exterior Features
- Outdoor Living Structures: Deck(s), Patio(s)
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
Utilities
Utilities
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- Electric Service: 200+ Amp Service
Property History for 1531 Spruce Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1531 Spruce Street
Taxable ValueLand$402,300Additions$1,609,200Total$2,011,500
Tax Record2023$28,157 ($2,346 / month)
Home Facts
Beds5Total Finished SqFt5,440 SqFtAbove Grade Finished SqFt5,440 SqFtStories4Lot Size1,980 SqFtStyleCondominiumYear Built1800ZoningCMX3CountyPHILADELPHIAAPN08-2-1300-00Fireplace TypeHas Fireplace
Schools near 1531 Spruce Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Greenfield Albert M School PublicK to 8 | ||
Franklin Benjamin High School Public9 to 12 | ||
Middle Years Alternative School Public5 to 8 | ||
Parkway West Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Elfant Wissahickon-Rittenhouse Square
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.