1601 Mt Vernon Street

Philadelphia, PA 19130

$455,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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 façade 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+...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 façade 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
  1. Listed by Jafar Maleki • BHHS Fox & Roach-Center City Walnut
    P: 2158522040 info@insightpropertyadvisors.com

Property Details for 1601 Mt Vernon Street

Tax ID Number
871514390
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Subdivision
FAIRMOUNT
Subdivision
FAIRMOUNT (PHILADELPHIA PA)

Location

Listing Courtesy of BHHS Fox & Roach-Center City Walnut

Sold By BHHS Fox & Roach-Center City Walnut

Add your commute
LISTING UPDATED: 12/07/2023 03:40 PM

Property Details for 1601 Mt Vernon Street

StatusClosed
MLS #PAPH2198020
Days on Market90
Taxes$5,018 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.05 AC / 2,000 SF
CountyPhiladelphia County

Location

Listing Courtesy of BHHS Fox & Roach-Center City Walnut

Sold By BHHS Fox & Roach-Center City Walnut

Add your commute

Building Information for 1601 Mt Vernon Street

Stories-Residences2Year Built1915Building Size-Lot Size0.05 AC / 2,000 SF

Payment Calculator

$2,901 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,483

Property Taxes

$418

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1601 Mt Vernon Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19130 (19130)
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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $358,500
  • Year Assessed: 2022
  • Improvement Assessed Value: $286,800
  • City Town Tax: $2,264
  • Land Assessed Value: $71,700
  • Clean Green Assessed: No
  • Land Use Code: S50
  • Historic: Yes
  • Zoning: RM1
  • Tax Lot: 1
  • School Tax: $2,753
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
Building Info
Building Info
  • Building Level Count: 3
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Size Dimensions: 20.00 x 100.00
  • Lot Dimensions Source: Estimated
  • Parcel ID: 926631
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: None
  • Heating Fuel: None
  • Hot Water: None
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS
  • List Agent URL: www.insightpropertyadvisors.com

Property History for 1601 Mt Vernon Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1601 Mt Vernon Street

Taxable ValueLand$71,700Additions$286,800Total$358,500
Tax Record2023$5,018 ($418 / month)
Home Facts
Total Finished SqFt1,800 SqFtAbove Grade Finished SqFt1,800 SqFtStories3Lot Size2,000 SqFtStyleOffice BuildingYear Built1915ZoningRM1CountyPHILADELPHIAAPN87-1-5143-90

Schools near 1601 Mt Vernon Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 5 to 12
Rating
School
Distance
Waring Laura W School
PublicPK to 8

Franklin Benjamin High School
Public9 to 12

Franklin LC
Public9 to 12

Masterman Julia R Secondary School
Public5 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHHS Fox & Roach-Center City Walnut

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.