Philadelphia, PA 19103,1725 PINE ST
Philadelphia, PA 19103,1725 PINE ST
Philadelphia, PA 19103,1725 PINE ST
$2,200,000
Est. payment /mo
$2,490,000
11.6%
Est.Price: ?

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6,975 SqFt
SOLD DATE : 06/15/2017

Key Details

Sold Price $2,200,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,975 sqft

Price per Sqft $315

Subdivision Rittenhouse Square

MLS Listing ID 1003216893

Sold Date 06/15/17

Style Converted Dwelling

HOA Y/N N

Abv Grd Liv Area 6,975

Originating Board TREND

Year Built 1855

Annual Tax Amount $12,583

Tax Year 2017

Lot Size 2,628 Sqft

Acres 0.06

Lot Dimensions 18X146

Property Description

Significant renovated Rittenhouse Square 5 unit, income producing property. The owner-occupant of 40 years is an interior designer who has spared no expense and used the finest workmen to continuously maintain and improve this property over the previous 4 decades. 1725 Pine is a true Trophy Property. It runs street-to-street and includes the main building with 4 units and a separate Carriage House with nice-sized GARAGE. In between are two private brick patios, including an enchanting landscaped garden that connects the largest residence (current owner's unit) with the garage parking (or the parking can be used with the carriage house). All separate utilities. Each unit with its own HVAC. All 5 units renovated and updated yet retain lovely character with both original and repurposed features. The owner has always rented these units herself, and the RENTS are UNDER MARKET. With conservative projected rents, the monthly income could be at least $20,000/year higher (or higher based on recent improvements not reflected in the current rents). The 1st floor is a 3 bedroom plus den, 2 bath bi-level OWNER'S UNIT with private garden and direct access to the private garage. High ceilings, lovely character. Just a truly warm and wonderful renovated residence. (If even a larger owner's unit was desired, the 1st Floor could be readily connected to the 2nd Floor Rear to create an awesome 5BR/3.5bath space). 2nd Floor Rear offers 2 bedrooms/1.5 bath, open and renovated kitchen, hardwood floors, and a private deck. 2nd Floor Front and 3rd Floor Front are both spacious 1 bedrooms with high ceilings and huge south-facing windows. BONUS 6th UNIT: The 4th floor is a 1 bedroom (that current owner uses as a guest suite for visiting family. It would also make the perfect owner's office space. It is otherwise fully primed to be combined with 3F to create a 2BR/2bth and further increase rents). The Carriage House is a separate 1 bedroom residence with private garden (separate from owner's garden). 1725 Pine includes so many other upgrades including new custom made, energy efficient, sound attenuating historical windows on the entire facade (approved by Historic Commission). A rare opportunity to own such a spectacular building. With a 99 WalkScore, 2 blocks from Rittenhouse Square, this important property enjoys an A+ location.

Location

State PA

County Philadelphia

Area 19103 (19103)

Zoning RM1

Direction South

Rooms

Other Rooms Primary Bedroom

Basement Full

Interior

Hot Water Natural Gas

Heating Gas, Forced Air, Radiator, Zoned

Cooling Central A/C

Fireplace N

Window Features Energy Efficient,Replacement

Heat Source Natural Gas

Laundry Washer In Unit, Dryer In Unit, Common

Exterior

Garage Garage Door Opener

Garage Spaces 2.0

Waterfront N

Water Access N

Accessibility None

Parking Type Attached Garage, Other

Attached Garage 1

Total Parking Spaces 2

Garage Y

Building

Sewer Public Sewer

Water Public

Architectural Style Converted Dwelling

Additional Building Above Grade

New Construction N

Schools

Elementary Schools Albert M. Greenfield School

Middle Schools Albert M. Greenfield School

School District The School District Of Philadelphia

Others

Tax ID 081058800

Ownership Fee Simple

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Bright MLS (BMLS)
Listed by Jeffrey Block • BHHS Fox & Roach At the Harper, Rittenhouse Square
Bought with Stuart C Cohen • BHHS Fox & Roach-Center City Walnut

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Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

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