Breaking Down The Tax Abatement

an in depth look at how the tax abatement works for new construction or a complete renovation

We originally wrote about this back in February of 2013, however, it is a question we hear over & over again from our clients. I thought that I could clarify further by using a few websites maintained by the city that are, in a very un-Philly fashion, quite clear & easy to use. You just need to know where to go.

what exactly is a tax abatement?

The tax abatement does NOT mean there are no property taxes. What is does mean is that the current tax assessment is frozen for 10 years as long as the developer is in good standing with the city & has applied for the abatement within the time requirements set forth by the city of Philadelphia.

scenario #1 – new construction from the ground up built on a vacant lot

The assessment will only include the tax on the land. The improvements will not be taxed for 10 years. Below is an example of an assessment from the O.P.A. (Office of Property Assessment & formerly the B.R.T.) for a new construction home we sold in 2014.**

what you need to know about the philadelphia tax abatement for new construction & completely renovated homes jordan brody realtor

Column #1-tax year 2015
Column #2-market value $379,500

Column #3-assessed land (taxable) $18,400
Column #4-assessed improvement (taxable) $0

Column #5-assessed land amount (exempt) $0
Column #6-assessed improvement (exempt) $361,000

Column #7-total assessment = market value

The buyer of this home is taxed on a land assessment of $18,400 & is exempt from paying taxes on improvements valued at $361,100 for 10 years.

At the current millage rate; 1.34% of $18,400 puts this annual tax bill at $246.56.

what you need to know about the philadelphia tax abatement for new construction & completely renovated homes jordan brody realtor

You can search for a real estate tax bill throughout the Department of Revenue here.

In 10 years if (big if) the total assessment of the property remains $379,500 & the city millage rate remains 1.34% the tax bill for this property will be $5,085.30. This is based on CURRENT INFORMATION. No one can predict the future. This is if everything stays exactly the same, which it more than likely won’t.

scenario #2-the complete renovation of an existing structure

Tax rates in this scenario tend to be a bit higher because the assessment is on the land AND any previous improvements. The new improvements will not be assessed for 10 years. Below is an example from the O.P.A. for a complete renovation we sold this past year.**

what you need to know about the philadelphia tax abatement for new construction & completely renovated homes jordan brody realtor

Column #1-tax year 2015
Column #2-market value $219,000

Column #3-assessed land (taxable) $14,667
Column #4-assessed improvement (taxable) $80,600

Column #5-assessed land (exempt) $0
Column #6-assessed improvement (exempt) $124,633

Column #7-total assessment=market value

The buyer of this home is being taxed on a land & improvements assessment of $14,667 & $80,600. The buyer is exempt from paying taxes for the new improvements in the amount of $124,633.

At the current millage rate; 1.34% of the total taxable assessment, which is $95,267, puts this annual tax bill at $1,276.58.

what you need to know about the philadelphia tax abatement for new construction & completely renovated homes jordan brody realtor

You can search for a real estate tax bill through the Department of Revenue here.

In 10 years if (again, big if) the total assessment of the property remains $219,900 & the city millage rate remains 1.34% the tax bill for this property will be $2,946,66. Again, this is based on CURRENT INFORMATION. No one can predict the future. This is if everything stays exactly the same, which it more than likely won’t.

**In the interest of privacy we did & will not disclose the addresses of the properties or the names of the clients we have used as examples.** 

Feel free to email us if you have any additional questions about the tax abatement or would like help finding a property that is being sold with a tax abatement.

search for homes with a tax abatement:

Price Range: $274,000 to $1,967,695 Price Average: $532,106
Size Range: 392 to 3,800 Sq. Ft. Size Average: 1,558 Sq. Ft.
Gallery List Map
1 18 of 106
1 2 3 4 5 6
Under Contract
Contingency
$ 512,900
1010 S 17TH STREET #A
Philadelphia, PA 19146
GRADUATE HOSPITAL
3 Bed / 2/1 Bath
1,556 Sq. Ft.
Property Type: Condo
MLS® #: 7168981
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 512,900
1010 S 17TH STREET #A | Philadelphia, PA 19146
GRADUATE HOSPITAL
MLS® #
Property Type
Beds
Baths
Square Ft
7168981
Condo
3
2/1
1,556 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
We are proud to launch phase 3 of the most anticipated condo project in Graduate Hospital. Only 3 condos remaining! Carpenter Square West Condominiums feature 16 luxurious bi-level condominium residences including both 2 and 3 bedrooms units. Each unit offers highly desirable luxury features including open floor plans, wide plank hardwood floors, recessed lighting and a video intercom system for added security. The kitchens boast quartz counter tops, Bosch stainless steel appliances, a custom backsplash, soft closing solid wood cabinetry, gas cook tops, wall mounted oven and over-mount range hood, and a grand island. Within each bathroom find stylish Mo~n faucets, premium bathroom fixtures, and a Kohler soaking tub. This lower level 3 bedroom unit encompasses the entire first floor and lower level. The first floor includes the kitchen, living area, 1 bedroom, half bath, and an incredibly spacious private fenced-in outdoor area with brick cobblestone in the back. The lower level includes 2 generously sized bedrooms, 2 full on-suite full baths, lots of closet space including a master walk-in closet, washer/dryer, and another private patio off the back master bedroom. Many more wonderful features await, so set up a viewing today! It is easy to see these builders have over 30 years of experience. Each unit is intelligently designed to include outdoor spaces and lots of windows to provide an abundance of sunlight. With a walk score of 94, these units are only a short walk away from amazing restaurants, nightlife, a future Target store and South Street shopping. Relax in nearby Marian Anderson Park, Chew Playground, or Rittenhouse Square. The Broad Street Line offers an easy commute into Center City. Buyers with cars can receive a permit for plenty of easy on-street parking. Seller to provide 2-12 Buyers Warranty. Low condo fees make this an amazing investment opportunity for a popular and growing area. Schedule your showing today! **10-year tax abatement approved**
Under Contract
Contingency
$ 468,000
2033 E FIRTH STREET
Philadelphia, PA 19125
KENSINGTON
3 Bed / 2/1 Bath
2,250 Sq. Ft.
Property Type: Condo
MLS® #: 7169175
Courtesy of Kurfiss Sotheby's International Realty
Under Contract
Contingency
$ 468,000
2033 E FIRTH STREET | Philadelphia, PA 19125
KENSINGTON
MLS® #
Property Type
Beds
Baths
Square Ft
7169175
Condo
3
2/1
2,250 s.f.
Courtesy of Kurfiss Sotheby's International Realty
Solar-ready new construction featuring rooftop deck with 360 degree city views, large backyard and third-floor master suite. Three bedrooms, two full baths, and finished basement with concrete floors and half bath. Beautiful curb appeal with clean white brick and wood exterior. Unique round window in the living room with an open floor plan for tons of natural light. Kitchen features black stainless GE appliance and Greenguard Gold Certified Cabinetry from Executive Cabinetry, Made-In-America. Deep, stainless steel sink, gas stove with griddle, hidden trash cans, and garbage disposal. Big kitchen window (all windows are Pella) overlooks the large backyard with new wood fence, and partial concrete patio. Birch hardwood floors, recessed LED lighting, light grey trim and doors ? excellent craftsmanship and thoughtful details throughout. Second floor features two bedrooms, each with two large closets, and a full bath complete with sleek black fixtures, light grey subway tile in shower and unique cement tile floor. Large laundry room and separate linen closet complete this floor. Third floor master suite feels expansive with vaulted ceiling and clearstory windows. Huge master bathroom with sliding barn door and turquoise tile floors for a pop of color. Stunning custom walnut vanity with cement countertops, Delta brass fixtures, and large frameless glass shower. Wet Bar with sink and space for a mini fridge, additional linen closet and sliding glass door leads to private deck (with water hose spout for plants)! A spiral staircase leads up to the roof deck for beautiful views. Unique touches from No-Vinyl builder, Red Oak Development, in the heart of East Kensington. Walking distance to the Market Frankford "El" train, Martha Bar, Urban Axes, and all of the amazing restaurants and shops of Frankford Ave. 10 year tax abatement ? get into this neighborhood while you can!
Under Contract
Contingency
$ 1,599,999
130 S 18TH STREET #1001
Philadelphia, PA 19103
RITTENHOUSE SQUARE
2 Bed / 2/1 Bath
1,693 Sq. Ft.
Property Type: Condo
MLS® #: 7168570
Courtesy of BHHS Fox & Roach-Haverford
Under Contract
Contingency
$ 1,599,999
130 S 18TH STREET #1001 | Philadelphia, PA 19103
RITTENHOUSE SQUARE
MLS® #
Property Type
Beds
Baths
Square Ft
7168570
Condo
2
2/1
1,693 s.f.
Courtesy of BHHS Fox & Roach-Haverford
Experience the incomparable "10 Rittenhouse," offering unparalleled views, ultra-friendly staff, a warm and welcoming home for your furry "friends", an elegant lobby accented with ever-changing live floral masterpieces, private chauffeured transportation in an uber luxurious town car, and the best location in Philadelphia, right on the famed historic and vibrant Rittenhouse Square. This exceptional, very spacious (1,693 sf) 10th floor corner unit includes a coveted licensed parking space within the building and offers breathtaking, almost surreal cityscapes perpetually changing with the day and night skies. High-end finishes include burnished deep walnut floors, an "all-white" kitchen with lacquered cabinets, top-of-the-line stainless appliances and level 5 granite, luxurious bathrooms with frameless glass enclosures, high ceilings and an open floor plan. The current tax abatement and very reasonable condo fees (which include unlimited use of the indoor pool, gym, outdoor deck, social room, concierge and doormen) offer value combined with unparalleled luxury. Please note that this unit is the only 10 Rittenhouse unit currently on the market on a floor high enough to offer breathtaking unobstructed views because it is located above the surrounding low-rise buildings. Required disclosure: Listing agent is related to sellers.
Under Contract
Contingency
$ 300,000
2440 FEDERAL STREET #1
Philadelphia, PA 19146
POINT BREEZE
2 Bed / 2 Bath
1,356 Sq. Ft.
Property Type: Condo
MLS® #: 7166494
Courtesy of Keller Williams Realty Center City
Under Contract
Contingency
$ 300,000
2440 FEDERAL STREET #1 | Philadelphia, PA 19146
POINT BREEZE
MLS® #
Property Type
Beds
Baths
Square Ft
7166494
Condo
2
2
1,356 s.f.
Courtesy of Keller Williams Realty Center City
New Construction, Gated Community in Point Breeze with Parking!! West Point Estates is selling out now! Here is your opportunity to invest in a property within a desirable neighborhood in a great location at an unbelievable price! Perfect for commuters; located close to University City, Graduate Hospital & all major commuter routes. Unit 1 features a spacious, open & modern floor plan with 2 Bedrooms, 2 Full Baths and assigned Parking. Call now to reserve & you will have the opportunity to choose finishes to build your dream home! Select designer finishes to build your top of the line Kitchen featuring quartz countertops, soft-close cabinetry, modern tile backsplash, GE stainless steel appliances and more! Plus, you'll have the option to choose from a variety of flooring finishes to suit any buyers taste. The Kitchen overlooks spacious Dining & Living Areas that feature large windows for tons a natural sunlight. Streamline offers numerous Bathroom finishes as well as many upgrades to complete your home to your style & needs! The thoughtfully designed floor plan includes 2 large Bedrooms with plenty of closet space and a conveniently located Laundry Closet. Streamline is proud to offer our Buyers a 1-year Builders Warranty plus the 10 Year Tax Abatement Program! Schedule a Private Virtual Tour today! **Condo Fees & Tax Numbers are estimates only. Photos featured are from a recently completed Streamline project.** **PHOTOS ARE FROM ANOTHER FINISHED STREAMLINE HOME**
Under Contract
Contingency
$ 285,000
1513 N FRANKLIN STREET #B
Philadelphia, PA 19122
LUDLOW
2 Bed / 2 Bath
1,200 Sq. Ft.
Property Type: Condo
MLS® #: 7166592
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 285,000
1513 N FRANKLIN STREET #B | Philadelphia, PA 19122
LUDLOW
MLS® #
Property Type
Beds
Baths
Square Ft
7166592
Condo
2
2
1,200 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Come take a look at Dalton Grahams newest project! This is a dramatic 26 foot wide, brand new construction condo has two bedrooms and two baths with 1200 square feet, an open floor plan and 10 ft ceiling. Enjoy the custom kitchen with designer cabinets, stainless appliances, quartz counters and tiled back-splash. Both bedrooms are spacious with great closet space and lots of room for furniture. The master suite has a fantastic bathroom with all 4 walls tiled from floor to ceiling and walk in glass shower. Both bathrooms are designer quality. Tons extras in these homes... in wall speakers throughout, smart home thermostats, designer lighting, front door video intercom, security system, washer/dryer and a 10 year tax abatement! This home is 100% complete, come take a look today!!
Under Contract
Contingency
$ 315,000
1513 N FRANKLIN STREET #C
Philadelphia, PA 19122
LUDLOW
2 Bed / 2 Bath
1,200 Sq. Ft.
Property Type: Condo
MLS® #: 7166602
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 315,000
1513 N FRANKLIN STREET #C | Philadelphia, PA 19122
LUDLOW
MLS® #
Property Type
Beds
Baths
Square Ft
7166602
Condo
2
2
1,200 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Come take a look at Dalton Grahams newest project! This is a dramatic 26 foot wide, brand new construction condo with a roof deck has two bedrooms and two baths with 1200 square feet, an open floor plan and 10 ft ceiling. Enjoy the custom kitchen with designer cabinets, stainless appliances, quartz counters and tiled back-splash. Both bedrooms are spacious with great closet space and lots of room for furniture. The master suite has a fantastic bathroom with all 4 walls tiled from floor to ceiling and walk in glass shower. Both bathrooms are designer quality. Tons extras in these homes... in wall speakers throughout with 2 additional outdoor speakers, smart home thermostats, designer lighting, front door video intercom, security system, washer/dryer and a 10 year tax abatement! This home is 100% complete, come take a look today!!
Under Contract
Contingency
$ 509,900
1729 CARPENTER STREET #D
Philadelphia, PA 19146
GRADUATE HOSPITAL
2 Bed / 2/1 Bath
1,300 Sq. Ft.
Property Type: Condo
MLS® #: 7164846
Courtesy of RE/MAX Elite
Under Contract
Contingency
$ 509,900
1729 CARPENTER STREET #D | Philadelphia, PA 19146
GRADUATE HOSPITAL
MLS® #
Property Type
Beds
Baths
Square Ft
7164846
Condo
2
2/1
1,300 s.f.
Courtesy of RE/MAX Elite
The launch of the most anticipated project in Graduate Hospital is finally here. The Residences at Carpenter feature 20 luxurious condominium residences in 4 distinct floorplans, including both 2 and 3-bedrooms units. Each resounding floorplan offers buyers highly desirable luxury features such a 9' ceilings, premium wide plank hardwood flooring, 42" custom kitchen cabinets with quartz tops, stainless steel kitchen appliances, 4" recessed LED lighting, premium bathroom fixtures, frameless showers with rain showerheads, wet bars with wine coolers in the mix of other features that will impress even the most discriminating buyers. Each residence holds outdoor space either in the form of a backyard patio, elevated deck or roof deck with absolutely spectacular unobstructed views of Center City. ---D Unit--- This unit is a bi-level unit located on the building's 3rd and 4th level plus pilot house and roof deck facing south towards South Philadelphia and the Sports Complex. The main level holds a spacious living room, powder room and kitchen. The bedroom level features a huge master suite with a large walk-in closest and private master bathroom. The second bedroom and hallway bath sit adjacent to the master suite. Just a short walk up the stairs sits the pilot house sporting a European wet bar. Walk out onto the roof deck in awe as the Center City skyline opens up in front of your eyes. With a walk score of 94, The Residences at Carpenter are only a few minutes walk away from the restaurants and shoppes of South Street, Marian Anderson Park, Chew Playground, Rittenhouse Square and the Broad Street Line for an easy commute into Center City. ***10-year tax abatement*** (Quick delivery unit; includes nearly $10,000 in builder upgrades)
Under Contract
Contingency
$ 389,000
672 KEELY STREET
Philadelphia, PA 19128
ROXBOROUGH
3 Bed / 3/2 Bath
1,940 Sq. Ft.
Property Type: Condo
MLS® #: 7164501
Courtesy of Coldwell Banker Preferred-Old City
Under Contract
Contingency
$ 389,000
672 KEELY STREET | Philadelphia, PA 19128
ROXBOROUGH
MLS® #
Property Type
Beds
Baths
Square Ft
7164501
Condo
3
3/2
1,940 s.f.
Courtesy of Coldwell Banker Preferred-Old City
Spectacular Roxborough Find! Welcome home to this upscale, coveted twin home on Keely Court! Situated on a private cul de sac, with a private fenced in yard, garage parking, finished basement, and years left on the tax abatement, you will love calling this your home! This sleek, modern house with large rooms, desirable floor plan, and fabulous upgrades has been meticulously cared for. Enter this pristine home through the garage or front door into the foyer, with coat closet and half bath, which leads into open living room/dining room/kitchen, an open concept perfect for both everyday functionality and entertaining. You will love the enviable chef's kitchen with granite countertops and stainless steel appliances which leads out to the deck overlooking the fenced in yard. The second floor features two bedrooms that share the hall tile full bathroom, as well as the conveniently located upstairs laundry room. Also on this level is the master suite, with tremendous closet space and an en suite marble bathroom with a new stall shower and granite double sinks. A finished basement featuring a huge family room with sliding glass doors that lead out to the yard, and a separate office along with another half bath completes this beautiful family home which won't be on the market for long!
Under Contract
Contingency
$ 550,000
600 COMMODORE COURT #2651
Philadelphia, PA 19146
NAVAL SQUARE
1 Bed / 1/1 Bath
1,266 Sq. Ft.
Property Type: Condo
MLS® #: 7164228
Courtesy of Houwzer LLC
Under Contract
Contingency
$ 550,000
600 COMMODORE COURT #2651 | Philadelphia, PA 19146
NAVAL SQUARE
MLS® #
Property Type
Beds
Baths
Square Ft
7164228
Condo
1
1/1
1,266 s.f.
Courtesy of Houwzer LLC
Don't miss out on this amazing opportunity to own a beautiful one bedroom, 1.5 bath unit located on the top floor of Addison Manor in Naval Square! Enter into this fabulous, 1,266 sq.ft. condo and head down the short hallway, past the powder room, to find the modern full kitchen featuring stainless steel appliances, granite countertops, tons of cabinet space, tile backsplash, new dishwasher and breakfast bar. The spacious living/dining area featuring blonde oak hardwood flooring, recessed lighting, and Juliet balcony that allows for tons of natural light. Off the living room is an excellent space for an at-home office, gym, family room or whatever your needs require. The large master bedroom boasts a tray ceiling, lush carpet and spa-like ensuite bath with soaking tub, granite counters, ceramic tiles and standing glass shower. The unit also includes a discreet stacked washer/dryer in the hall closet. Enjoy the extraordinary Naval Square amenities: 24-hour secure, gated community, concierge, seasonal pool, state-of-the-art fitness center, community room in Biddle Hall rotunda (also available for private functions), the 20-acre park-like setting: including picnic areas and well-manicured gardens. Located in close proximity to University of Pennsylvania, Drexel University and CHOP, while also surrounded by parks and trails and all the restaurants, shops, cafes and nightlife that University City, Graduate Hospital, Center City, and Rittenhouse Square has to offer. You'll love this chic and conveniently located condo with 4.5 years left of the Tax Abatement (good through 10/2/2022),NEST Smart Thermostat and LED Light bulbs throughout the home. Don't wait and make your appointment today!
Under Contract
Contingency
$ 550,000
1532-36 N 2ND STREET #31
Philadelphia, PA 19122
OLD KENSINGTON
3 Bed / 3 Bath
1,987 Sq. Ft.
Property Type: Condo
MLS® #: 7164554
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 550,000
1532-36 N 2ND STREET #31 | Philadelphia, PA 19122
OLD KENSINGTON
MLS® #
Property Type
Beds
Baths
Square Ft
7164554
Condo
3
3
1,987 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Live like a Zillionaire for 550k. PENTHOUSE unit with 4637 square feet of usable space, including a 2224 square foot Roof deck, THE LARGEST I HAVE EVER SEEN, also a 381 square foot 2nd deck, a private elevator stop that opens into your unit, PARKING, TAX Abatement, almost 2000 square feet of sprawling luxurious interior living space, 3 amazing bedrooms, 3 amazing bathrooms, 3 outdoor spaces, walls of windows and glass doors, you will not find another unit like this at this price point.. Granite kitchen with stainless steel appliances, skyline views, hardwood floors throughout, tremendous natural light in every room, great closet space, PARKING included, Roof decks large enough for anything you can imagine..... you have to see this.... located in the coolest pat of town walking distance to cafe's, pubs, amazing restaurants, green spaces and more...
Under Contract
Contingency
$ 1,495,000
8719 SHAWNEE STREET
Philadelphia, PA 19118
CHESTNUT HILL
4 Bed / 3/1 Bath
0 Sq. Ft.
Property Type: Condo
MLS® #: 7163008
Courtesy of BHHS Fox & Roach-Chestnut Hill
Under Contract
Contingency
$ 1,495,000
8719 SHAWNEE STREET | Philadelphia, PA 19118
CHESTNUT HILL
MLS® #
Property Type
Beds
Baths
Square Ft
7163008
Condo
4
3/1
0 s.f.
Courtesy of BHHS Fox & Roach-Chestnut Hill
Introducing Shawnee Place ? A very special collection of 2 new townhouses in premier Chestnut Hill location that seamlessly nestle into the neighborhood as if they were built decades ago. Traditional architecture coupled with a modern floor plan make these 4 BR/3.5 BA top of the hill homes perfect for today's living. Developed by Philadelphia Design Home Builder 2014 these 3600 square foot homes are constructed with the highest quality building materials. Sprawling second floor open-concept living floor with over 1200 square feet of luxe living space. Large Chef's Eat-in Kitchen with 10 foot island with carrara counter tops, Sub-Zero/Wolf appliance package, 59" custom white cabinetry, navy blue island and wet bar perfect for entertaining. Custom built-in seating area in front of large window is perfect for daily dining. Step-out balcony. Large dining room with gorgeous mill work. Massive front living room with gorgeous coffered ceiling, optional gas fireplace and gorgeous open views of classic stone Chestnut Hill houses and leafy trees through huge windows. Upstairs enter into a luxe master suite in the front of the house with vast open views. Master Bathroom features a step-in shower with frame less glass doors and steam shower. Custom double vanity. Master BR with custom mill work, walk-in closet with custom built-in closet system. 2 additional guest BR's on the opposite end of the floor with full bathroom plus convenient laundry room complete this floor. Entry floor features a grand foyer, 4th BR with French doors leading to a lovely front porch with mahogany ceiling. Full bathroom. This would make a great in-law or au-pair quarters or a perfect home office. 2-car rear attached garage. Short walk to the shops and restaurants on Germantown Avenue, train lines and Fairmount Park trail entrance. 10 year property tax abatement and many green features make these fabulous homes very efficient and low maintenance. 25 minutes to Center City, easy access to the suburbs and highways. Premier location-Exceptional Quality-Perfect Size
Under Contract
Contingency
$ 437,500
2503 JASPER STREET
Philadelphia, PA 19125
OLD KENSINGTON
4 Bed / 4 Bath
3,000 Sq. Ft.
Property Type: Condo
MLS® #: 7162150
Courtesy of Copper Hill Real Estate, LLC
Under Contract
Contingency
$ 437,500
2503 JASPER STREET | Philadelphia, PA 19125
OLD KENSINGTON
MLS® #
Property Type
Beds
Baths
Square Ft
7162150
Condo
4
4
3,000 s.f.
Courtesy of Copper Hill Real Estate, LLC
Welcome to one of Philadelphia's hottest and most rapidly developing neighborhoods, East Kensington! It's difficult to walk more than a block in this area without seeing new and exciting development going up. As you walk into your home you'll immediately notice the custom, reclaimed pine flooring, the recessed lighting, and the open floor plan. The kitchen is extremely spacious and bright with a neutral color palette, quartz counter tops, white shaker cabinets, an upgraded appliance package, and a subway tile backsplash. Off the kitchen is your very own, fenced-in backyard excellent for BBQs or your morning coffee. Down the stairs you'll find a multi-functional finished basement that can act as a theater room, an in-law suite, an artist studio, etc. Up the stairs on the 2nd floor you'll be greeted by two very generous sized bedrooms, a well appointed full bath, and your laundry area. The 3rd floor can offer two additional bedrooms or one large master suite with bedroom + bonus room (dressing room, additional closet space, home office, etc.). On top of the many amazing features already listed, there's your very own roof deck with city views that's great for cocktails with friends, dinner parties, or simply lounging while soaking in some sun. Additionally, there is a 10 yr tax abatement and a 2 zone HVAC system. This home is a short walk to the Market-Frankford line, the Frankford St. shopping and dining corridor, and many great neighborhood spots. Grab your morning coffee at Franny Lou's, or dinner and drinks at Martha. You can even gather your friends for some axe throwing at Urban Axes. Great home, great location, great opportunity!
Under Contract
Contingency
$ 628,400
2119 PINE STREET #3
Philadelphia, PA 19103
RITTENHOUSE SQUARE
2 Bed / 2 Bath
864 Sq. Ft.
Property Type: Condo
MLS® #: 7160172
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 628,400
2119 PINE STREET #3 | Philadelphia, PA 19103
RITTENHOUSE SQUARE
MLS® #
Property Type
Beds
Baths
Square Ft
7160172
Condo
2
2
864 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Location Location Location! Magnificent two bedroom residence located in a fully renovated brownstone building just blocks away from Rittenhouse Square. Fully renovated (2018) with 10-year tax abatement (pending). Unit 3 encompasses the entire second floor. Enter into a large living/dining room with gas fireplace. The kitchen, which features quartz countertops and stainless steel appliances, overlooks the garden through a bay window. Enjoy your 175 square foot private outdoor deck right off of the living room. Windows on three sides give this home wonderful light throughout the day. Guest bedroom overlooks the deck and is right across from the hall bath. The master bedroom features southern facing windows, a fireplace, and a master bathroom. Separately zoned HVAC for each room allows for quiet and comfortable control of your temperature. Washer/dryer in the unit. All lights in the building are LED and common area lights are on a motion sensor. One year prepaid parking credit for a neighborhood garage is being offered with an accepted offer up to $5,000 for 1 year from date of purchase. Tax amount TBD. Please note that staged photos are VIRTUALLY staged, not physically staged.
Under Contract
Contingency
$ 275,000
2119 PINE STREET #4
Philadelphia, PA 19103
RITTENHOUSE SQUARE
1 Bed / 1 Bath
392 Sq. Ft.
Property Type: Condo
MLS® #: 7160174
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 275,000
2119 PINE STREET #4 | Philadelphia, PA 19103
RITTENHOUSE SQUARE
MLS® #
Property Type
Beds
Baths
Square Ft
7160174
Condo
1
1
392 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Welcome to your adorable, fully renovated (2018) one bedroom suite in the heart of Rittenhouse Square. Enter into your kitchen and living space and warm up in the winter with your gas fireplace, or stay comfortable in the summer with your zoned HVAC. Here you'll also find your washer/dryer with an additional coat closet. Your breakfast bar features quartz countertops and stainless steel appliances, and your bedroom has a walkout onto a small terrace overlooking the garden. 10-year tax abatement (pending) All lights in the building are LED and common area lights are on a motion sensor. Tax amount TBD.
Under Contract
Contingency
$ 811,400
2119 PINE STREET #5
Philadelphia, PA 19103
RITTENHOUSE SQUARE
2 Bed / 2/1 Bath
1,011 Sq. Ft.
Property Type: Condo
MLS® #: 7160177
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 811,400
2119 PINE STREET #5 | Philadelphia, PA 19103
RITTENHOUSE SQUARE
MLS® #
Property Type
Beds
Baths
Square Ft
7160177
Condo
2
2/1
1,011 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Welcome to your penthouse suite right in the heart of Rittenhouse Square. Your bi-level fully renovated (2018) home features quartz countertops, stainless appliances, a 10-year tax abatement (pending), windows on three sides, a 333 square foot rooftop deck with breathtaking views. Enter into your living/dining area with gas fireplace, 1/2 bath, and southern facing views. Your kitchen area has two windows, your washer/dryer, and the possibility to upgrade a stationary or moveable kitchen island. Two spacious bedrooms are on the top floor, just after passing by your private deck. Each bedroom has it's own bathroom and HVAC. All lights in the building are LED and common area lights are on a motion sensor. One year prepaid parking credit for a neighborhood garage is being offered with an accepted offer up to $5,000 for 1 year from date of purchase. Tax amount TBD. Please note that staged photos are VIRTUALLY staged, not physically staged.
Under Contract
Contingency
$ 389,900
4332 PECHIN STREET
Philadelphia, PA 19128
ROXBOROUGH
4 Bed / 1/1 Bath
2,200 Sq. Ft.
Property Type: Condo
MLS® #: 7158856
Courtesy of RE/MAX Access
Under Contract
Contingency
$ 389,900
4332 PECHIN STREET | Philadelphia, PA 19128
ROXBOROUGH
MLS® #
Property Type
Beds
Baths
Square Ft
7158856
Condo
4
1/1
2,200 s.f.
Courtesy of RE/MAX Access
WOW!!! Welcome home!! Custom renovation by one of the city's most experienced and reputable builders and restoration experts. This fully rehabbed property which is located in the heart of Roxborough/Manyunk has everything and more. Close to Main Street and all attractions. Come check out this massive 4 bedroom home that has been fully renovated throughout and countless hours of attention to detail in which quality of workmanship clearly speaks for itself. This open floor layout boasts lots of natural daylight along with custom hardwood flooring throughout. The kitchen features 42" custom cabinetry with upgraded granite countertops along with backsplash that seller will allow buyer to customize. The kitchen also features stainless steel appliances with a island with recessed lighting which is perfect for dining with plenty of counter space. Laundry room located off the rear of the kitchen for convenience and leads to an office/mud room which is a huge plus and also has a powder room. Home features fully finished tiled basement perfect for entertainment that you can access to your very own secluded backyard. All Bedrooms are large with abundance of closet space and natural daylight. Enjoy yourself with an opulent, spa like bathroom which offers timeless tile selections and designer fixtures with matching accessories. All new mechanicals (DUAL ZONE ) HVAC Electrical,Plumbing). Newer Windows, New Roof, New Everything!! This rehab was certainly was NOT a midnight express as sellers spent countless time and took pride in this home which is clearly evident with attention to every detail. Master carpentry and quality throughout. Near public transportation and steps from Kendrick/Pretzel Park, running paths, and all of the restaurants, shops and activities on Main Street are just a short walk away. Come check out this magnificent home as that surely won't last long!! Show and Sell!! Oh and to top it off.....there is a TAX ABATEMENT pending/expected.
Under Contract
Contingency
$ 320,000
242 S 13TH STREET #B
Philadelphia, PA 19107
WASHINGTON SQ WEST
2 Bed / 1 Bath
875 Sq. Ft.
Property Type: Condo
MLS® #: 7158525
Courtesy of BHHS Fox & Roach-CC Rittenhouse Hotel
Under Contract
Contingency
$ 320,000
242 S 13TH STREET #B | Philadelphia, PA 19107
WASHINGTON SQ WEST
MLS® #
Property Type
Beds
Baths
Square Ft
7158525
Condo
2
1
875 s.f.
Courtesy of BHHS Fox & Roach-CC Rittenhouse Hotel
Beautifully updated two bedroom condo, central location, hardwood floors throughout, low condo fees, in-unit washer and dryer, and a tax abatement remaining. Located in the historic Furness Flats Condominium on the corner 13th and Irving streets, this rear unit is quiet and receives great natural light. Enter into the large living and dining area, open to the updated kitchen with granite countertops. There are also a coat closet and large south facing windows. Continue down the hall to the oversized master bedroom with a large closet and recently upgraded lighting. The full bathroom has classic subway tile and a tub with a new glass door. The guest room is perfect for an office or nursery, has a large closet and recently installed washer and dryer. The back door leads out to a convenient and gated back entrance off Irving Street. Recent improvements include newly refinished hardwood floors throughout, updated electric, upgraded lighting, new HVAC, new window treatments. Tax abatement through Dec 2019 (per OPA's office), common bike storage and low condo fees. Association has plans to repaint walls and replace the carpets in the common hallways. Centrally located in Washington Square West, minutes from PATCO, Broad Street Line, major bus routes, Jefferson Hospital, Center City, fantastic restaurants and more!
Under Contract
Contingency
$ 349,000
1356 SOUTH STREET #2
Philadelphia, PA 19147
AVENUE OF THE ARTS
2 Bed / 1 Bath
816 Sq. Ft.
Property Type: Condo
MLS® #: 7157161
Courtesy of BHHS Fox & Roach-Center City Walnut
Under Contract
Contingency
$ 349,000
1356 SOUTH STREET #2 | Philadelphia, PA 19147
AVENUE OF THE ARTS
MLS® #
Property Type
Beds
Baths
Square Ft
7157161
Condo
2
1
816 s.f.
Courtesy of BHHS Fox & Roach-Center City Walnut
Welcome to this higher-end, recently renovated two bedroom condo located right off the Avenue of the Arts. This 2nd story unit features a custom kitchen with granite counters, an island, Samsung stainless steel appliances, and recessed lighting. There are hardwood floors throughout, as well as detailed moldings in the living room. There are also two light-filled, nice-sized bedrooms. There is a custom granite bath, a Maytag washer and dryer, and an intercom system. Don't miss this beautiful condo in a great center city location! There all 3 years remaining on the building's 10-year tax abatement.
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