Property Attributes
- MLS#PAPH2234078
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19103
- Zip19103
- StyleVictorian
- Year Built1854
- Taxes$ 34036
- Price$ 7,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size6,534 SqFt
Data Source:
Bright MLS
Property Description
Welcome to 1622 Locust Street, a spectacular and prestigious double wide estate with an expansive rear courtyard situated one block form Rittenhouse Square on a charming, tree-lined block. Constructed in 1852 as the Isaac Lea House, an elegant and stately private residence, the property has been used for commercial purposes for the last century, and for the last five decades has been owned and occupied by the same family as legal offices. With the flexibility to be occupied commercially or through a residential conversion -- including the potential for by-right development of the courtyard -- the opportunity for investors, developers and commercial users alike to acquire this type of property truly only presents itself once in a lifetime! The building was designed by noted architect John Notman, who also designed the Athenaeum on Washington Square, as well as Saint Mark's Church directly across Locust Street. It is one of the first examples in the United States of the Italianate villa style, a distinction which earned the property a Historic designation in Philadelphia in 1967. The building boasts unparalleled original period detail beginning with the ground floor: an ornate vestibule, rooms with gracious proportions; high ceilings, full height windows and doors; crown molding, chair rail, wainscoting; arched and corbelled openings; marble fireplace mantels and inlay parquet floors. A grand central staircase with ornate, carved wood balustrades connects the buildings four stories, capped with a stained glass oval skylight. In the rear of the property, accessible from a covered porch sits a large and pristine courtyard, lined with wrought iron railings and brick walls, paved with bluestone. Mature trees, manicured gardening and a fountain create the feeling of a secluded urban oasis. The patio backs onto Latimer Street, providing additional light and air. Each floor of 1622 Locust overlooks beautiful and serene views to the north and south. A covered driveway for two cars is accessible from both the building and Latimer Street.
Price History | |
---|---|
5/9/2023 | Listed $7,500,000 |
10/25/2023 | 4% - $7,250,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Heat Pump(s) |
Cooling | Central A/C |
Possession | Negotiable |
Zoning | CMX3 |
Pool Y/N | No Pool |
Architectural Style | Victorian |
Construction Materials | Masonry |
Year Built | 1854 |
Property SubType | Other |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
Accessibility | Other |
County | PHILADELPHIA |
New Construction | No |
Property Type | Multi-Family |
Garage Y/N | No |
Water Access Y/N | No |
Other Structures | Above Grade,Below Grade |
Status | ACTIVE |
Directions | Locust Street between 16th and 17th Streets |
ModificationTimestamp | 2023-12-26T14:49:46 |
City | PHILADELPHIA |
Buyer Agent Compensation | 2 |
Total Units | 1 |
MLS Area | 19103 (19103) |
Lot Size Square Feet | 6387.00 |
Tax Assessed Value | 2431500.0 |
Waterfront Y/N | No |
Street Name | LOCUST |
Tax Annual Amount | 34036.0 |
Structure Type | Interior Row/Townhouse |
Price Per Sq Ft | 446.54 |
Historic Y/N | Yes |
Vacation Rental Y/N | No |
Total SQFT | 29472 |
Days on Market | 344 |
Standard Status | Active |
Year Built Source | Assessor |
Tax Lot | 122 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Hot Water | Natural Gas |
Heating Y/N | Yes |
Street Suffix | STREET |
Central Air Y/N | Yes |
LivingAreaSource | Estimated |
Exterior Features
Water Source | Public |
---|---|
Type of Parking | Driveway |
Land Use Code | DD0 |
Foundation Details | Stone |
Water View Y/N | No |
Lot Dimensions | 58.00 x 126.00 |
Lot Size Acres | 0.15 |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Land Assessed Value | 486300.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool