1 year on rocket

4206-08 Chestnut, Philadelphia, PA, 19104

$1,650,000

Home List Price

$10,000*

Closing Credit

0 Baths
23,500 SqFt
$70/SqFt
House
Schools Nearby

Location

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4206-08 Chestnut, Philadelphia$1,650,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year BuiltNew Const.
HeatingNone
CoolingNone
MLS #PAPH2182632
Lot Size0.06 Acres
StatusActive
(ACTIVE)

About 4206-08 Chestnut

4206-08 Chestnut Street is an extremely rare development opportunity in a PRIME University City location. This site is the heart of University of Pennsylvania's campus and the Philadelphia Region’s leader in Education, Science, and Innovation. Sites like this one are far and few between so act fast. Currently there are two building that would be demolished. One is a shell and the other one is in a decent condition. Development highlights include the possibility of 22 units by right with diverse unit mixture on 8 storeys building, around 23,350 sqft and CMX-4 zoning. Project includes : - Approved Demolition Permit - Environmental (Phase 1&2) - Approved properties Consolidation Permit - Zoning permit – In the works - Proposed Floor Plans. Location, Location, Location - University City is home to some of the best educational and medical facilities in the world including Drexel, UPenn, St. Joe’s, Penn Medicine and the Children’s Hospital of Philadelphia (CHOP). The University City area boasts more than 85,000 jobs, 44% of all national institutes of health investments in the entire state, $1.85 billion in Research and Development expenditures among higher education institutions, a tripling of median home values over the past decade, and approximately 2.75 million square feet in development or under construction. Contact me for more informations about the current and future projects that happening in the immediate area. Offering Memorandum available upon request.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Living Area: 23,500 SqFt

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Reda B Akbil

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

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: Chetsnut st

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,650,000
  • Price Per SqFt: $70/SqFt
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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

4206-08 Chestnut vs Philadelphia

513 DAYS ON ROCKET

+459 Days

$1,650,000

+$1.3M More

$70/SqFt

-$125 Less

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $125/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: #PAPH2182632

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Reda B Akbil

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: 4/26/2024, 2:00:28 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.

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-443891
6
/10

  • General George A. McCall School

  • 325 S 7th St

  • 0.56 miles

  • Public District Grades KG-8

High School

school-card-donut-443892
2
/10

  • Benjamin Franklin High School

  • 550 N Broad St

  • 1.46 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 $85,360. The most common annual income of people living in Philadelphia, PA is between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4206-08 Chestnut

What is the listing price of this property?

The listing price of 4206-08 Chestnut property is $1,650,000.

What type of property is this?

The property 4206-08 Chestnut is a house located in Philadelphia, Pennsylvania, 19104.

Is this property for sale now?

Active Listing: 4206-08 Chestnut is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 4206-08 Chestnut are:
General George A. McCall School: GreatSchools Rating 6/10
Benjamin Franklin High School: GreatSchools Rating 2/10

What is the square footage of this property?

The property 4206-08 Chestnut is 23,500 SqFt (source: MLS/tax record).

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19104›4206-08 Chestnut

This home is located at 4206-08 Chestnut in Philadelphia, PA and zip code 19104 in the Center City neighborhood. This 23,500 square foot home sits on a 0.06 acre lot. It has been listed on Rocket Homes since November 29, 2022 and is currently priced at $1,650,000.

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. In March 2024 median list price was $257,610 and the average listing age was 54 days.

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

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