Views
Address
1622 Locust Street, Philadelphia, PA
Price
$ 7,250,000
Property Attributes
- MLS#PAPH2234078
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19103
- Zip19103
- StyleVictorian
- Year Built1854
- Taxes$ 34036
- Price$ 7,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size6,534 SqFt
Data Source:
Bright MLS
Property Description
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 buildings 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.
| Price History | |
|---|---|
| 5/9/2023 | Listed $7,500,000 |
| 10/25/2023 | 4% - $7,250,000 |
General Features
| Accessibility | Other |
|---|---|
| Architectural Style | Victorian |
| Construction Materials | Masonry |
| Cool Fuel | Electric |
| Cooling | Central A/C |
| County | PHILADELPHIA |
| Days on Market | 212 |
| Garage Y/N | No |
| Heating | Heat Pump(s) |
| Historic Y/N | Yes |
| Lot Size Square Feet | 6387.00 |
| MLS Area | 19103 (19103) |
| New Construction | No |
| Other Structures | Above Grade, Below Grade |
| Percent Ownership | Fee Simple |
| Pool Y/N | No Pool |
| Possession | Negotiable |
| Price Per Sq Ft | 446.54 |
| Property SubType | Other |
| Property Type | Multi-Family |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
| School District | 300200397108 |
| Sewer | Public Sewer |
| Structure Type | Interior Row/Townhouse |
| Tax Annual Amount | 34036.0 |
| Tax Lot | 122 |
| Tax Year | 2023 |
| Total Units | 1 |
| Vacation Rental Y/N | No |
| Water Access Y/N | No |
| Waterfront Y/N | No |
| Year Built | 1854 |
| Zoning | CMX3 |
Interior Features
| Central Air Y/N | Yes |
|---|---|
| Heating Fuel | Natural Gas |
| Heating Y/N | Yes |
| Hot Water | Natural Gas |
Exterior Features
| Living Area | 16236 |
|---|---|
| Foundation Details | Stone |
| Lot Dimensions | 58.00 x 126.00 |
| Lot Size Acres | 0.15 |
| Lot Size Source | Assessor |
| Navigable Water Y/N | No |
| Type of Parking | Driveway |
| Water Oriented Y/N | No |
| Water Source | Public |
| Water View Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19103
Price
Taxes
Visits
Year Built
Walkscore
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