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Backup Offers

308 Reed St Unit 1, Philadelphia, PA, 19147

$475,000

Home List Price

$5,641*

Closing Credit

2 Bedrooms
1 Full Bath
Condo
Schools Nearby

Location

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308 Reed St Unit 1, Philadelphia$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Fee, Parking Lot
Year BuiltNew Const., 2023
HeatingForced Air
CoolingCentral Air
MLS #PAPH2228154
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 308 Reed St Unit 1

Welcome to Magnolia Court - A luxurious and sophisticated new construction development in the heart of Pennsport, brought to you by local developer Lily Development. These stunning units are built to the highest standards of craftsmanship and design, ensuring that you will enjoy the utmost comfort and convenience in your new home. These homes offer spacious layouts that are perfect for anyone who value space and privacy. This 2 bedroom / 1 bathroom carriage home offers living on one level with no stairs, providing you with the convenience of having your own private parking space. Additionally, buyers have the option to choose from a curated selection package of finishes, allowing you to customize your home to your own personal style. You'll find plenty of things to do in the surrounding area, as Magnolia Court is walking distance to a wide variety of restaurants, coffee shops, and parks. At Magnolia Court, we pride ourselves on offering the highest quality of life to our residents. Come and experience the luxurious lifestyle that awaits you in our exquisite community. QUICK DELIVERY HOMES AVAILABLE. Delivery Q3 of 2023. Taxes and association fees are TBD. It is the responsibility of the buyer to have taxes and square footage verified. *Renderings and photos are a general representation and may not depict actual finishes.

Property Details

Property Features

Property Information:

  • Architectural Style: Unit/Flat
  • Year Built: 2023
  • Stories: 1

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Jim Onesti

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Parking Fee, Parking Lot

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Furness High School, Public District Grades 9-12
  • Vare-Washington School, Public District Grades KG-8

Other

Directions Information:

  • Directions: On Reed Street /Between E Moyamensing Avenue & 4th Street

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
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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

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

308 Reed St Unit 1 vs Philadelphia

387 DAYS ON ROCKET

+337 Days

$475,000

+$216.1K More

KEY TAKEAWAY

This property is $216.1K more than the Median Sold Price in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2228154

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Jim Onesti

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, 10:20:43 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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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-2627312
6
/10

  • Vare-Washington School

  • 1198 S 5th St

  • 0.22 miles

  • Public District Grades KG-8

High School

school-card-donut-2627313
4
/10

  • Furness High School

  • 1900 S 3rd St

  • 0.50 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 $73,071. The most common annual income of people living in Philadelphia, PA is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 308 Reed St Unit 1

What is the listing price of this property?

The listing price of 308 Reed St Unit 1 property is $475,000.

What type of property is this?

The property 308 Reed St Unit 1 is a condo located in Philadelphia, Pennsylvania, 19147.

Is this property for sale now?

Accepting Backup Offers: 308 Reed St Unit 1 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 308 Reed St Unit 1 are:
Vare-Washington School: GreatSchools Rating 6/10
Furness High School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 308 Reed St Unit 1 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The sq. ft. of 308 Reed St Unit 1 is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 308 Reed St Unit 1 is 2023.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19147›308 Reed St Unit 1

This home is located at 308 Reed St Unit 1 in Philadelphia, PA and zip code 19147 in the South Philadelphia neighborhood. This home was built in 2023. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 25, 2023 and is currently priced at $475,000.

While more than 242 listings in Philadelphia, PA in April 2024 were sold above asking price, there were more than 216 listings sold at asking price, and more than 502 were sold below. The number of homes for sale in Philadelphia, PA increased by 9.8% between March 2024 and April 2024. Listings spent 50 days on the market in April 2024, and had a median list price of $258,806 during the same period.

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

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