1216 N  7th St, Philadelphia, PA 19122
SOLDNOV 20, 2023

1216 N 7th St
Philadelphia, PA 19122

Ludlow
  • 7 Beds
  • 3,315 sqft
  • 7 Beds
  • 3,315 sqft

$800,000

Last Sold: Nov 20, 2023
4% below list $835K
$241/sqft
Est. Refi. Payment $4,847/mo*

Homes for Sale Near 1216 N 7th St

Local Information

map showing home location
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-- mins to
Commute Destination

Description

This property is no longer available to rent or to buy. This description is from November 27, 2023
This cash flowing three-unit property sits in the coveted 19122 zip code, just a short stroll away from the bustling shops, eateries, and coffee shops of Frankford Ave and Fishtown, and steps away from the Piazza and Northern Liberties. Unit #1 is a split-level unit with three bedrooms and three bathrooms, includes a large living space with rear yard, and is rented for $1950/month with a lease ending on 7/28/24. Unit #2, a two-bedroom, one and a half-bathroom unit, featuring a large layout with wrap-around kitchen and rear deck, which is leased for $1500/month, through 7/3/24. Unit #3 has two bedrooms and two bathrooms, plus exclusive access to a private roof deck offering spectacular cityscape views, rented for $1600/month with the lease expiring on 6/27/24. The building, built in 2017, provides ownership with several options: keep it as a high cash flowing rental property, live in one unit while leasing the others, or transform the property into three condominiums for individual sale. Each unit has been well maintained since completing and features high ceilings, private outdoor areas, recessed lighting, intercom systems, and abundant natural light. The property still has about four years left on its tax abatement. 3D tours available in the video section, pro-forma available upon request.

Home Highlights

Parking
None
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$241/sqft
Listed
180+ days ago

Home Details for 1216 N 7th St

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Basement
Beds & Baths
Number of Bedrooms: 7
Dimensions and Layout
Living Area: 3315 Square Feet
Appliances & Utilities
Appliances: Other Water Heater
Heating & Cooling
Heating: Other,Natural GasHas CoolingAir Conditioning: Central A/CHas HeatingHeating Fuel: Other
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Accessibility: None

Exterior Features

Exterior Home Features
Other Structures: Above Grade, Below Grade
Parking & Garage
No CarportNo GarageNo Attached GarageParking: None
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 2017
Property Type / Style
Property Type: Residential IncomeProperty Subtype: TriplexStructure Type: OtherArchitecture: Other
Building
Construction Materials: MasonryNot a New Construction
Property Information
Parcel Number: 141056010

Price & Status

Price
List Price: $835,000Price Per Sqft: $241/sqft
Status Change & Dates
Off Market Date: Mon Nov 27 2023Possession Timing: Negotiable

Active Status

MLS Status: CLOSED

Location

Direction & Address
City: Philadelphia
School Information
Elementary School District: The School District Of PhiladelphiaJr High / Middle School District: The School District Of PhiladelphiaHigh School District: The School District Of Philadelphia

Lot Information

Lot Area: 2070 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Agreement Type: Exclusive Right To Sell

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %Sub Agency Commission: 0Sub Agency Commission Type: % Of GrossTransaction Broker Commission: 0Transaction Broker Commission Type: % Of Gross
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: PAPH2258700Municipality: PHILADELPHIA
Last check for updates: about 17 hours ago
Listed by Jonathan Beaulieu, (267) 619-2108
JBMP Group
Bought with: Tom Englett, (215) 284-9432, BHHS Fox & Roach At the Harper, Rittenhouse Square
Source: Bright MLS, MLS#PAPH2258700

Price History for 1216 N 7th St

DatePriceEventSource
11/20/2023$800,000Sold
Bright MLS #PAPH2258700
10/04/2023$835,000PendingBright MLS #PAPH2258700
08/15/2023$835,000PriceChange
Bright MLS #PAPH2258700
07/18/2023$865,000PriceChange
Bright MLS #PAPH2258700
08/29/2022$5,100,000Listed For SaleBright MLS #PAPH2153194
03/18/2011$20,000Sold
N/A
05/07/2008$30,000Sold
N/A

Property Taxes and Assessment

Year2023
Tax$3,336
Assessment$1,191,600
Home facts updated by county records

Comparable Sales for 1216 N 7th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.14
Multi-Family Home
$860,000
04/05/24
6
4
3,456
0.09
Multi-Family Home
$830,000
10/16/23
7
-
3,824
0.11
Multi-Family Home
$910,000
04/03/24
6
6
3,600
0.17
Multi-Family Home
$850,000
06/26/23
7
-
3,204
0.26
Multi-Family Home
$630,000
03/25/24
8
3
3,690
0.33
Multi-Family Home
$759,000
03/08/24
6
4
3,324
0.24
Multi-Family Home
$495,000
08/28/23
7
-
2,517
0.29
Multi-Family Home
$817,500
06/20/23
8
-
3,688
0.45
Multi-Family Home
$625,000
08/01/23
6
-
2,700

Assigned Schools

These are the assigned schools for 1216 N 7th St.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Ludlow

  • Shawn Bullard
    "Block party’s it’s quiet the new development and suburban looking houses. We own a lot of real estate in the area."
    0
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  • Ssd.manman 2.
    "Great friendly place for you and you family to have a wonderful life and to live in peace during you stay at Ludlow"
    3
    Flag
  • Selba T.
    "nice clean area with good people to leave around. trees and grass with a nice backyard for grand kids to play "
    2
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  • Mike R.
    "I drive to northeast Philadelphia. Lots of parking, no side of the street laws, no permits. close to bridges and highways. "
    0
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  • Justin.kiscadden
    "Short walk or trolley ride to the market Frankford line, than ride the MFL to center city. ~30 minutes door to door. "
    0
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  • George.banksjr
    "It is located conveniently between both subway lines. Only 10-15 minutes to each bus. There are also several bus lines in the area. "
    0
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  • Tiffany H.
    "20 minutes to city. Public transit pretty clean. Reasonably priced. Dangerous early morning and night walking to and fro"
    0
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  • Justin K.
    "Not a lot of dogs in the area. Most are small that don’t need as much space. There aren’t many parks. "
    0
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  • Joshua D.
    "New houses being developed. Not many stores nearby yet. By 2021 should be a great neighborhood. No bars nearby "
    0
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  • Juan C. A.
    "Is quiet and close to everything, like Fishtown or center city. Also is a boomping area. I really love this place."
    12
    Flag

LGBTQ Local Legal Protections

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, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 1216 N 7th St

Off Market Homes Near 1216 N 7th St

1216 N 7th St, Philadelphia, PA 19122 is a 7 bedroom, 3,315 sqft multi-family built in 2017. 1216 N 7th St is located in Ludlow, Philadelphia. This property is not currently available for sale. 1216 N 7th St was last sold on Nov 20, 2023 for $800,000 (4% lower than the asking price of $835,000). The current Trulia Estimate for 1216 N 7th St is $811,300.