3 months on rocket

501 E Locust Ave, Philadelphia, PA, 19144

$699,999

Home List Price

$8,312*

Closing Credit

7 Bedrooms
4 Full Baths, 1 Partial
5,775 SqFt
$121/SqFt
Townhouse
Schools Nearby

Location

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501 E Locust Ave, Philadelphia$699,999

Buyer Closing Credits

$8,312*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingOther
Year Built1861
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #PAPH2323440
Lot Size0.05 Acres
StatusActive
(ACTIVE)

About 501 E Locust Ave

Welcome to 501 East Locust Avenue, a timeless and distinguished residence nestled in the historic Germantown section of Philadelphia. This classic Victorian home exudes elegance and sophistication, boasting over 8000 square feet of living space across 7 bedrooms and 4.5 bathrooms. Upon entering, you are greeted by the grandeur of high ceilings and the allure of hardwood floors that lead you through the spacious rooms. The formal dining room is a captivating space for hosting intimate gatherings, while the home office offers a tranquil retreat for work or study. The finished basement expands the living area, presenting a recreation room, a game room, and a guest bedroom, providing versatile options for leisure and hosting guests. Modern lighting fixtures and ceiling fans adorn the home, seamlessly blending contemporary comforts with historic charm. The gated yard encompasses over 12,000 square feet of land, offering a private oasis for outdoor enjoyment. Additionally, a 2-car garage provides convenience and security for your vehicles and there is endless parking here! Other highlights of this home include: surveillance, grill/fire pit, 2 washer dryer hookups (1 set hooked up on site), commercial sinks, gourmet kitchen, electric and gas cooking integrated vent fan in cabinet, dishwasher, motion lights in common areas. This home exudes newness, resort styled bathrooms, oversized front porch with hammocks and double ceiling fans. Create nostalgic moments with tire swings. There’s a apple tree that still produces in season. So many great features, a must see. This home can be fit for a couple looking to expand their family, a business owner or work from home that needs space, or multi-generation families. This residence is ideally situated in close proximity to the Regional rail line, as well as an array of grocery stores, restaurants, and shopping destinations, ensuring effortless access to all that Germantown has to offer. Don't miss the opportunity to own this exquisite piece of history, where timeless elegance meets modern comfort. Experience the epitome of refined living in this meticulously crafted Victorian home. This home is a castle that is fit for your needs

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1861
  • Stories: 2
  • Living Area: 5,775 SqFt

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Brett L Rosenthal

Interior Features

Interior Information:

  • Appliances: Dishwasher
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Kitchen - Eat-In

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Sidewalks

Parking Information:

  • Parking: Other

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Promise Academy at Martin Luther King High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: Use GPS Please

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,999
  • Price Per SqFt: $121/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

501 E Locust Ave vs Philadelphia

91 DAYS ON ROCKET

+41 Days

$699,999

+$441.1K More

$121/SqFt

-$75 Less

KEY TAKEAWAY

This property is $441.1K more than the Median Sold Price and $75/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: #PAPH2323440

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Brett L Rosenthal

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: 5/21/2024, 2:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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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.

High School

school-card-donut-4697204
2
/10
  • Promise Academy at Martin Luther King High School

  • 6100 Stenton Ave

  • 1.09 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,056. Residents of Philadelphia, PA typically earn less than $35k each year. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 501 E Locust Ave

What is the listing price of this property?

The listing price of 501 E Locust Ave property is $699,999.

What type of property is this?

The property 501 E Locust Ave is a townhouse located in Philadelphia, Pennsylvania, 19144.

Is this property for sale now?

Active Listing: 501 E Locust Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 501 E Locust Ave are:
Promise Academy at Martin Luther King High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 501 E Locust Ave has 7 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 501 E Locust Ave is 5,775 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 E Locust Ave is 1861.

Rocket HomesPennsylvaniaPhiladelphia CountyPhiladelphia19144501 E Locust Ave

This home is located at 501 E Locust Ave in Philadelphia, PA and zip code 19144 in the Germantown / Chestnut Hill neighborhood. This 5,775 square foot home, which was built in 1861, sits on a 0.05 acre lot. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 19, 2024 and is currently priced at $699,999.

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. The number of listings 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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