Philadelphia, PA 19106,241-43 CHESTNUT ST #C
Philadelphia, PA 19106,241-43 CHESTNUT ST #C
Philadelphia, PA 19106,241-43 CHESTNUT ST #C
Philadelphia, PA 19106,241-43 CHESTNUT ST #C
Philadelphia, PA 19106,241-43 CHESTNUT ST #C
Philadelphia, PA 19106,241-43 CHESTNUT ST #C
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$850,000

$850,000

Est.Price: ?

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Est. payment /mo

2 Beds

3 Baths

2,217 SqFt


SOLD DATE : 12/23/2021

Key Details

Sold Price $850,000

Property Type Condo

Sub Type Condo/Co-op

Listing Status Sold

Purchase Type For Sale

Square Footage 2,217 sqft

Price per Sqft $383

Subdivision Old City

MLS Listing ID PAPH999484

Sold Date 12/23/21

Style Bi-level

Bedrooms 2

Full Baths 2

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 2,217

Originating Board BRIGHT

Year Built 2021

Annual Tax Amount $1,200

Tax Year 2021

Lot Dimensions 0.00 x 0.00

Property Description

Rarely does an opportunity present itself to build your dream home in the middle of the most historic neighborhood in the country. Presently unfinished, this spacious bi-level home has over 2,200 sf of interior space that can be configured as a 2-bedroom or a 3-bedroom layout. Visitors exiting from the elevator directly into the unit will be immediately awed by the breathtaking size and style of the four new windows in the living room overlooking Chestnut Street, and the open 2-story loft layout that begs to be utilized for amazing modern living. The full-width interior balcony overlooking the 2-story living room has a stunning view through the living room's windows. There is great potential here for the most discerning owner occupants and investors. The buyer can easily rebuild this unit as an extremely spacious 2-bedroom, 2.5-bathroom residence by simply reinstalling framing in accordance with existing drawings – or reconfigure it as a 3-bedroom, 2.5-bathroom home. This historic building has just undergone a complete $4.5 million gut-renovation. Upgrades and replacements too numerous to describe include a new roof, new steel bracing, new modern elevator, new gas lines, new HVAC lines, new major plumbing, new major electric, other new mechanicals, new security, fire alarm and sprinkler systems, a new lobby and all other common areas completely redone. There is virtually nothing left from the original building constructed in 1847 but the unique character of its historic brick exterior. Positioned directly across from the Museum of the American Revolution and amidst national parks and landmarks, you are within short walking distance to Independence Hall, Penn's Landing, The Liberty Bell, nationally acclaimed restaurants like Zahav, Morimoto, Amada and Buddakan and dozens of other well-known gourmet restaurants, in a terrific school district, and surrounded by trendy boutiques and galleries. The soon to come I-95 “Over-cap Park” will be just two blocks away. In another unique opportunity, this unit may be combined with the adjacent Unit D, a 3,000+ sf home with 2-3 bedrooms and 2.5 bathrooms, which is also for sale, and can be easily joined with this Unit C through a shared wall. Buy the two units and you will have an absolutely one-of-a-kind 5,200+ sf residence with 4-6 bedrooms and 5-6 bathrooms, or renovate Unit D for yourself and turn this Unit C in the world's best in-law suite. Carrying costs for any buyer will be very low for a long time. Because everything in the building is brand new, it has no deferred maintenance and extremely low condo fees. Taxes have been reduced to only $1,200 (!) per year due to the building overhaul, and the buyer will enjoy a full 10-year tax abatement if renovations begin in 2021.

Location

State PA

County Philadelphia

Area 19106 (19106)

Zoning CMX3

Rooms

Main Level Bedrooms 2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Amenities Available None

Water Access N

Accessibility None

Garage N

Building

Story 3

Unit Features Garden 1 - 4 Floors

Sewer Public Sewer

Water Public

Architectural Style Bi-level

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Pets Allowed Y

HOA Fee Include None

Senior Community No

Tax ID 888035176

Ownership Condominium

Special Listing Condition Standard

Pets Allowed Cats OK, Dogs OK

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Bright MLS (BMLS)
Listed by Frank L DeFazio • BHHS Fox & Roach-Center City Walnut
Bought with Rachel J Iannotti • BHHS Fox & Roach-Center City Walnut
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