1601 Mount Vernon Street

Philadelphia, PA
$ 750,000 Beds 0 Baths 0 Sq 3,800
Monthly Estimate* How much can I afford?

Rare opportunity to renovate a historic building on a corner lot into a state-of-the-art property, currently zoned for up to 5 units. 11' ceilings on the 1st & 2nd floors and a very large rear patio. 1601 Mt. Vernon, once the home of renowned abolitionist and Underground Railroad facilitator Robert Purvis, is a shell with substantial improvements, including meticulously restored front and side facades, (with some first floor facade work remaining to be completed); interior and exterior structural stabilization of the property; newer historically approved windows; new roof and roof drainage system; new attic joists; new roof decking; and a new basement foundation. The property used to have a rear ell, facing 16th Street, which the new buyer will have to rebuild as a new construction addition to the current shell. When complete, you will have 3,800 sq.ft. of livable space plus 600 sq.ft. of lower level space plus attic storage--a premier cornerstone property with up to 5-units. This property would also make a spectacular single family home. Significant amount of new construction on this prime block in the Spring Garden Neighborhood. An easy walk to everything the Art Museum area (Whole Foods, Target, great restaurants and coffee shops) and Center City have to offer. Big south facing windows with skyline views from 3rd floor plus a skylight in the new roof. NOTES--The sale of 1601 Mt Vernon MUST BE APPROVED BY THE COURT as part of an Act 135 conservatorship proceeding. Contact Agent for more details. A curb-cut for parking would require a variance. SHOWING NOTES--When showing (or walking by), the rear ell dimensions are delineated by the dug out rear foundation area. Note how large this building will be with the rear ell and also how large the patio space will remain. Also, the temporary structural walls currently in the property can now be removed as substantial structural support has been added. This structural work includes star bolts, rebuilt chimneys, New attic floor. Please bring a flashlight as there is no electricity. Agent and Buyers must sign liability waiver before entering. ELIGIBLE FOR 10 YEAR TAX ABATEMENT.

Commercial

  • Price
  • $ 750,000
  • Lot Size
  • 2,178 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 3,800
  • Full Bathrooms
  • 0
  • Year Built
  • 1915
  • Half Bathrooms
  • 0
  • City, Zip
  • Philadelphia
  • Taxes
  • 2830
  • County
  • PHILADELPHIA
  • Style
  • Apartment Building
  • Area
  • 19130
  • MLS#
  • PAPH953682
  • Zip
  • 19130
Listing Provided by: Compass Pennsylvania, LLC

Features

General

Accessibility None
Business Type Apartment Building
Construction Materials Brick
Cool Fuel None
Cooling None
County PHILADELPHIA
Days on Market 76
Heating None
Location Type Corner Lot/Unit
MLS Area 19130 (19130)
New Construction No
Ownership Fee Simple
Possession Other
Price Per Sq Ft 197.37
Property SubType Five Or More Units
Property Type Commercial Sale
Real Estate Owned Y/N No
Sewer No Septic System
Subdivision Name ART MUSEUM (SPRING
Tax Annual Amount 2830.0
Tax Lot 2
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning RM1

Interior Features

Central Air Y/N No
Heating Fuel None
Hot Water None

Exterior Features

Building Area Total 3800.00
Lot Dimensions 20.00 x 100.00
Lot Features Corner
Lot Size Acres 0.05
Lot Size Source Assessor
Lot Size Square Feet 2000.00
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Ashburn, VA office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

11/10/2020 Listed $750,000

Property vs Zip Code Average in 19130

Price
AVG $1.28M
$750K
Taxes
AVG $11,822
$2,830
Visits
AVG 67
9
Year Built
AVG 1933
1915
Walkscore
AVG 90
93
Data Provided by Walkscore ® not using MLS data

Map

1601 Mount Vernon Street Philadelphia, PA is a Single Family Home for sale at $750000 with 3800 sqft and a lot size of 2,178 SqFt Acre(s). 1601 Mount Vernon Street Philadelphia has 0 bedrooms, 0 baths and was built in 1915. The property's zip code is 19130 which is in Philadelphia, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.