4 months on rocket

1707 Mount Vernon St, Philadelphia, PA, 19130

$1,295,000

Home List Price

$10,000*

Closing Credit

0 Baths
6,768 SqFt
$191/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1707 Mount Vernon St, Philadelphia$1,295,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingOn Street
Year Built1920
HeatingForced Air
CoolingOther
MLS #PAPH2306420
Lot Size0.06 Acres
StatusActive
(ACTIVE)

About 1707 Mount Vernon St

Select Commercial Advisors is pleased to present the opportunity to acquire 1707 Mount Vernon Street, a well-maintained, professionally-managed, income-producing 5-unit multifamily property located in the heart of the Art Museum/Fairmount district, one of Philadelphia's most desirable and established neighborhoods. Excellent for a 1031 exchange. This rare investment opportunity seamlessly blends history, charm, and value. The spacious, well-designed layouts with multiple private outdoor spaces and stunning original character make this property a standout choice for tenants seeking a unique and comfortable living experience. With approx. 6,768 square feet of building area, composed of 4 x two-bedroom units and 1 x one-bedroom unit, the average unit size is much larger than comparable properties in the area. Situated on a tree-lined block in a vibrant neighborhood, this property is surrounded by culture and amenities, including the Philadelphia Museum of Art, Franklin Institute, Eastern State Penitentiary, plentiful shops, cafes, restaurants, schools, parks, ample public transit such as 30th Street Station, multiple SEPTA bus routes, the Broad Street Line, and more. Gross income is $106,068 annually. Increase rents with minimal cosmetic upgrades. Don't miss the opportunity to own a piece of Philadelphia history while securing a smart investment for the future. Inquire for full offering memorandum and showings.

Property Details

Property Features

Property Information:

  • Architectural Style: Art Deco
  • Year Built: 1920
  • Living Area: 6,768 SqFt

Listing Office:

  • Office Name: Select Commercial Advisors
  • Office Phone: (215) 315-3326
  • Listing Agent: Samantha Lee Miller

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Other

School Info

Assigned Schools Information:

  • Benjamin Franklin High School, Public District Grades 9-12
  • Laura W. Waring School, Public District Grades KG-8

Other

Directions Information:

  • Directions: Google Maps

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,295,000
  • Price Per SqFt: $191/SqFt

Tax Information:

  • Annual Amount: $12,742
  • 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.

Map thumbnail provided by MapBox

Philadelphia, PA

City

Med. Sold Price

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

1707 Mount Vernon St vs Philadelphia

149 DAYS ON ROCKET

+99 Days

$1,295,000

+$1.0M More

$191/SqFt

-$5 Less

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $5/SqFt less than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2306420

Listing Office:

  • Office Name: Select Commercial Advisors
  • Office Phone: (215) 315-3326
  • Listing Agent: Samantha Lee Miller

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: 5/17/2024, 11:20:43 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

Sep 13, 2007Home Sold
$525,000

Tax History

YEARPROP. TAXASSESSMENT
2020$12,742 -
2019$8,990$908,100
2018$8,729$881,700
2017$8,083$808,400

History based on county public records data.

Payment Calculator

$6,531

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,949

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-2633663
3
/10

  • Laura W. Waring School

  • 1801 Green St

  • 0.08 miles

  • Public District Grades KG-8

High School

school-card-donut-2633664
2
/10

  • Benjamin Franklin High School

  • 550 N Broad St

  • 0.24 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 $71,250. The majority of Philadelphia, PA residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1707 Mount Vernon St

What is the listing price of this property?

The listing price of 1707 Mount Vernon St property is $1,295,000.

What type of property is this?

The property 1707 Mount Vernon St is a house located in Philadelphia, Pennsylvania, 19130.

Is this property for sale now?

Active Listing: 1707 Mount Vernon 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 1707 Mount Vernon St are:
Laura W. Waring School: GreatSchools Rating 3/10
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 $12,742 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 13, 2007 for $525,000. (source: MLS/tax record).

What is the square footage of this property?

The property 1707 Mount Vernon St is 6,768 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1707 Mount Vernon St is 1920.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19130›1707 Mount Vernon St

This home is located at 1707 Mount Vernon St in Philadelphia, PA and zip code 19130 in the Spring Garden neighborhood. This 6,768 square foot home, which was built in 1920, sits on a 0.06 acre lot. It has been listed on Rocket Homes since December 20, 2023 and is currently priced at $1,295,000.

In April 2024, from all listings sold in Philadelphia, PA there were more than 242 sold above asking price, over 502 sold below and more than 216 were sold right at the asked price. The number of homes for sale in Philadelphia, PA increased by 9.8% between March 2024 and April 2024. The median list price of listings available in April 2024 was $258,806, while the average time on the real estate market was 50 days.

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

More Resources