1601 Mt Vernon Street
$455,000
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Closed 6/20/23
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
- Listed by Jafar Maleki • BHHS Fox & Roach-Center City WalnutP: (215)-852-2040 info@insightpropertyadvisors.com
Property Details for 1601 Mt Vernon Street
Tax ID Number
871514390
OwnershipFee Simple
Structure TypeEnd of Row/Townhouse
StyleOther
WaterfrontNo
GarageNo
SubdivisionFAIRMOUNT
SubdivisionFAIRMOUNT (PHILADELPHIA PA)
LISTING UPDATED: 12/07/2023 03:40 PM
Property Details for 1601 Mt Vernon Street
Status | Closed |
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MLS # | PAPH2198020 |
Days on Market | 90 |
Taxes | $5,018 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1915 |
Lot Size | 0.05 AC / 2,000 SF |
County | Philadelphia County |
Building Information for 1601 Mt Vernon Street
Stories-Residences2Year Built1915Building Size-Lot Size0.05 AC / 2,000 SF
Property Information for 1601 Mt Vernon Street
Property History for 1601 Mt Vernon Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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$80,780Additions$323,120Total$403,900
Tax Record2024$5,654 ($471 / 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 The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 5 to 12 |
Rating | School | Distance |
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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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