8 months on rocket

Sale Pending

1601 Locust St Unit Ph1, Philadelphia, PA, 19103

$2,750,000

3 Bedrooms
3 Full Baths, 1 Partial
4,539 SqFt
$606/SqFt
Condo
Schools Nearby

Location

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Property Highlights

Home TypeCondominium
ParkingOther, On Street, Other, Parking Garage
Garage1 space
Year Built1929
HeatingCentral
CoolingCentral Air
FireplaceDouble Sided
ViewCity
MLS #PAPH2269358
StatusSale Pending
(PENDING)

About 1601 Locust St Unit Ph1

Welcome to Penthouse 1 at the remarkable Lanesborough condominium. Built in 1929 as a private men's club known as The University Club, this beautiful renaissance revival building was renovated in 2003 into 18 full-floor luxury residences. The Lanesborough is a Philadelphia landmark building that boasts some of the most elegant residences in the city. Penthouse 1 is a stunning bi-level 3 bedroom, 3.5 bathroom, full-floor residence featuring two private terraces, a fireplace, 360-degree views of the city, and private elevator access. Having recently undergone an interior renovation with the highest quality finishes, this dramatic unit will impress the most discerning of buyers.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary, Beaux Arts, Bi-level, Loft, Unit/Flat
  • Year Built: 1929
  • Stories: 2
  • Living Area: 4,539 SqFt

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Kristen E Foote

Interior Features

Interior Information:

  • Appliances: Microwave, Range, Dishwasher, Disposal, Dryer, Washer, Refrigerator, Cooktop
  • Basement: No
  • Flooring Type: Hardwood
  • Interior: Additional Stairway, Bar, Built-Ins, Combination Dining/Living, Combination Kitchen/Living, Dining Area, Curved Staircase, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Soaking Tub, Sprinkler System, Stall Shower, Upgraded Countertops, Walk-in Closet(s), Window Treatments, Wine Storage, Wood Floors
  • Fireplace: Double Sided

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Awning(s), Exterior Lighting, Sidewalks, Street Lights

Parking Information:

  • Garage Space: 1 space
  • Parking: Other, On Street, Other, Parking Garage

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Benjamin Franklin High School, Public District Grades 9-12
  • Albert M. Greenfield School, Public District Grades KG-8

Other

Directions Information:

  • Directions: Located on the corner of 16th & Locust Street. Entrance is on 16th Street.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,750,000
  • Price Per SqFt: $606/SqFt
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Housing Market Comparison

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

Med. Sold Price

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

1601 Locust St Unit Ph1 vs Philadelphia

257 DAYS ON ROCKET

+207 Days

$2,750,000

+$2.4M More

$606/SqFt

+$410 More

KEY TAKEAWAY

This property is $2.4M more than the Median Sold Price and $410/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: #PAPH2269358

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Kristen E Foote

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: 5/1/2024, 11:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$13.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,311

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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-4450570
7
/10
  • Albert M. Greenfield School

  • 2200 Chestnut St

  • 0.56 miles

  • Public District Grades KG-8

High School

school-card-donut-4450571
2
/10
  • Benjamin Franklin High School

  • 550 N Broad St

  • 1.06 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $69,709. Most Philadelphia, PA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1601 Locust St Unit Ph1

What is the listing price of this property?

The listing price of 1601 Locust St Unit Ph1 property is $2,750,000.

What type of property is this?

The property 1601 Locust St Unit Ph1 is a condo located in Philadelphia, Pennsylvania, 19103.

Is this property for sale now?

Sale Pending: 1601 Locust St Unit Ph1 is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 1601 Locust St Unit Ph1 are:
Albert M. Greenfield School: GreatSchools Rating 7/10
Benjamin Franklin High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 1601 Locust St Unit Ph1 has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 1601 Locust St Unit Ph1 is 4,539 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1601 Locust St Unit Ph1 is 1929.
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Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19103›1601 Locust St Unit Ph1

This home is located at 1601 Locust St Unit Ph1 in Philadelphia, PA and zip code 19103 in the Center City neighborhood. This 4,539 square foot home was built in 1929. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 18, 2023 and is currently priced at $2,750,000.

Philadelphia, PA housing market in April 2024 saw over 242 listings sold above listed price, more than 216 sold at listed price and over 502 sold below. Between March 2024 and April 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 9.8%. While the average time on the market in April 2024 was 50 days, the median list price was $258,806.

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

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