11 months on rocket

1622 Locust St, Philadelphia, PA, 19103

$7,250,000

0 Baths
16,236 SqFt
$447/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ParkingDriveway
Year Built1854
HeatingHeat Pump
CoolingCentral Air
MLS #PAPH2234078
Lot Size0.15 Acres
StatusActive
(ACTIVE)

About 1622 Locust St

Welcome to 1622 Locust Street, a spectacular and prestigious double wide estate with an expansive rear courtyard situated one block form Rittenhouse Square on a charming, tree-lined block. Constructed in 1852 as the Isaac Lea House, an elegant and stately private residence, the property has been used for commercial purposes for the last century, and for the last five decades has been owned and occupied by the same family as legal offices. With the flexibility to be occupied commercially or through a residential conversion -- including the potential for by-right development of the courtyard -- the opportunity for investors, developers and commercial users alike to acquire this type of property truly only presents itself once in a lifetime! The building was designed by noted architect John Notman, who also designed the Athenaeum on Washington Square, as well as Saint Mark's Church directly across Locust Street. It is one of the first examples in the United States of the Italianate villa style, a distinction which earned the property a Historic designation in Philadelphia in 1967. The building boasts unparalleled original period detail beginning with the ground floor: an ornate vestibule, rooms with gracious proportions; high ceilings, full height windows and doors; crown molding, chair rail, wainscoting; arched and corbelled openings; marble fireplace mantels and inlay parquet floors. A grand central staircase with ornate, carved wood balustrades connects the building’s four stories, capped with a stained glass oval skylight. In the rear of the property, accessible from a covered porch sits a large and pristine courtyard, lined with wrought iron railings and brick walls, paved with bluestone. Mature trees, manicured gardening and a fountain create the feeling of a secluded urban oasis. The patio backs onto Latimer Street, providing additional light and air. Each floor of 1622 Locust overlooks beautiful and serene views to the north and south. A covered driveway for two cars is accessible from both the building and Latimer Street.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1854
  • Living Area: 16,236 SqFt

Listing Office:

  • Office Name: MSC Retail, Inc.
  • Office Phone: (215) 568-2600
  • Listing Agent: Josh Weiss

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • 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: Locust Street between 16th and 17th Streets

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $7,250,000
  • Price Per SqFt: $447/SqFt

Tax Information:

  • Annual Amount: $32,751
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Med. Sold Price

$257.6K

Med. Price/SqFt

$195

Avg. Days On Market

54

# of Sold Homes

923

1622 Locust St vs Philadelphia

356 DAYS ON ROCKET

+302 Days

$7,250,000

+$6.9M More

$447/SqFt

+$252 More

KEY TAKEAWAY

This property is $6.9M more than the Median Sold Price and $252/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: #PAPH2234078

Listing Office:

  • Office Name: MSC Retail, Inc.
  • Office Phone: (215) 568-2600
  • Listing Agent: Josh Weiss

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, 10:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$32,751 -
2019$31,874$2,277,100
2018$29,597$2,114,400
2017$30,679$2,191,700

History based on county public records data.

Payment Calculator

$36.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$21.8K

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-3402355
7
/10
  • Albert M. Greenfield School

  • 2200 Chestnut St

  • 0.52 miles

  • Public District Grades KG-8

High School

school-card-donut-3402356
2
/10
  • Benjamin Franklin High School

  • 550 N Broad St

  • 1.10 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. The majority of Philadelphia, PA residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1622 Locust St

What is the listing price of this property?

The listing price of 1622 Locust St property is $7,250,000.

What type of property is this?

The property 1622 Locust St is a house located in Philadelphia, Pennsylvania, 19103.

Is this property for sale now?

Active Listing: 1622 Locust St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1622 Locust St are:
Albert M. Greenfield School: GreatSchools Rating 7/10
Benjamin Franklin High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $32,751 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 1622 Locust St is 16,236 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1622 Locust St is 1854.
Rocket Homes logo

Interested in 1622 Locust St? Let's connect.

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.


Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19103›1622 Locust St

This home is located at 1622 Locust St in Philadelphia, PA and zip code 19103 in the Center City neighborhood. This 16,236 square foot home, which was built in 1854, sits on a 0.15 acre lot. It has been listed on Rocket Homes since May 09, 2023 and is currently priced at $7,250,000.

While more than 228 listings in Philadelphia, PA in March 2024 were sold above asking price, there were more than 214 listings sold at asking price, and more than 481 were sold below. 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.

More Resources