1 year on rocket

1223 Spruce St, Philadelphia, PA, 19107

$1,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,455 SqFt
$434/SqFt
Multi
Schools Nearby

Location

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1223 Spruce St, Philadelphia$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingNone
Year Built1880
HeatingOther
CoolingOther
MLS #PAPH2208230
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 1223 Spruce St

WASHINGTON SQUARE WEST :: Premier Location :: 5 Unit Multi-Family :: Zoned CMX-1 :: Rare Opportunity :: This circa 1880’s converted estate home is an ideal value -add to your portfolio. Many original features are still intact while featuring high ceilings, large windows providing abundant natural light, ideal floorplans within a premier location! Potential tenants flow from 2 medical schools (Jefferson & UPENN’s Pennsylvania Hospital systems), professional employment centers (Financial & Law Office corridor) , U of the Arts and hubs for public transit (both major subway lines, bus routes, trolleys and biking lanes). Walk & Transit Score of 100 & a Bike score of 91! In addition, this property has untapped potential for even more interior square footage in the basement, on the 4th floor (currently a double height living space) & the rear of the building for expansion on the second & third floors, vastly increasing value and income. Property is maintained with recent upgrades to the heating system, new hot water heaters, new windows where needed. Currently fully occupied and a proforma with all income & expenses, and other details is attached. Please reach out for further information & details.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1880
  • Living Area: 3,455 SqFt

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Vasili G Barbounis

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Benjamin Franklin High School, Public District Grades 9-12
  • General George A. McCall School, Public District Grades KG-8

Other

Directions Information:

  • Directions: GPS

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $434/SqFt

Tax Information:

  • Annual Amount: $11,112
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$257.6K

Med. Price/SqFt

$195

Avg. Days On Market

54

# of Sold Homes

923

1223 Spruce St vs Philadelphia

425 DAYS ON ROCKET

+371 Days

$1,500,000

+$1.2M More

$434/SqFt

+$239 More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price and $239/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2208230

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Vasili G Barbounis

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 12:10:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 28, 2005Home Sold
$632,000
Jan 06, 2004Home Sold
$445,000

Tax History

YEARPROP. TAXASSESSMENT
2020$11,112 -
2019$11,029$787,900
2018$10,720$765,800
2017$8,673$619,600

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2835650
6
/10

  • General George A. McCall School

  • 325 S 7th St

  • 0.49 miles

  • Public District Grades KG-8

High School

school-card-donut-2835651
2
/10

  • Benjamin Franklin High School

  • 550 N Broad St

  • 1.16 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,926. The most common annual income of people living in Philadelphia, PA is less than $35k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19107›1223 Spruce St

This home is located at 1223 Spruce St in Philadelphia, PA and zip code 19107 in the Center City neighborhood. This 3,455 square foot home, which was built in 1880, sits on a 0.04 acre lot. It has been listed on Rocket Homes since February 28, 2023 and is currently priced at $1,500,000.

In March 2024, from all listings sold in Philadelphia, PA there were more than 228 sold above asking price, over 481 sold below and more than 214 were sold right at the asked price. The number of homes for sale in Philadelphia, PA increased by 4.6% between February 2024 and March 2024. While the average time on the market in March 2024 was 54 days, the median list price was $257,610.

From Rocket Homes Real Estate and based on county public records data.

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