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$3,450,000
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Property Description
Welcome to 1629 Locust Street, a once-in-a-generation opportunity to acquire an architectural masterpiece by Horace Trumbauer. Built in 1902, Mr. Trumbauer masterfully designed this five-story townhouse for a sugar baron Edward C. Knight. This property is one of the few remaining contributions of Mr. Trumbauer to the architectural history of Philadelphia. In the exterior façade, Mr. Trumbauer incorporated bold design elements of 18th Century French architecture, such as wrought iron gates created by Samuel Yellin on the front door, windows and balconies. The interior of the Knight Residence is truly exquisite with the most prominent design feature being the elliptical Carrara marble staircase with an elegant iron railing that rises four stories to an oeil-de-boeuf skylight. The second floor is comprised of two Louis XV style salon rooms, which currently serve as meeting rooms. These rooms feature elaborate bronze mounts with arched windows and molded plaster rondels. The third and fourth floors are also elegantly designed in Louis XVI style. The fifth floor, which previously served as the butler's room, is connected to the fourth floor by an interior spiral wooden staircase. With generous CMX-3 zoning, this property provides a blank canvas for occupancy and redevelopment by either an investor or occupant. The location on beautiful tree-lined Locust Street is reminiscent of the opulence and elegance of old-world Philadelphia.
Full Property Details
Full Property Details for 1629 Locust St
General
- Price: $3,450,000
- Taxes: $36,102 (2024)
- Status: Active
- Type: Retail
- Source: BrightMLSPhilly
- MLS ID: PAPH2045448
- Updated: 12/31/2024
- Added to Site: 1, 228 day(s) ago
Business
- Business Type: Other/General Retail, Medical, Restaurant/Bar, Instit
Parking
- Parking Type: On Street
Location
- Area: 19103 (19103)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Cross Streets: Rittenhouse
- Driving Directions: East on Locust from 17th Street, Left Side of Street
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Stories/Levels: 0
- Year Built: 1899
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,000
- Lot Size Source: Assessor
- Lot Dimensions: 20.00 x 100.00
- Zoning: CMX3
Financial Considerations
- Price Per Sq. Ft.: $383.33
- Assessment Year: 2024
- School Tax: $20,217
- City/TownTax: $15,884
- City/TownTax Freq: Annually
- Tax w/Assessment: $2,579,100
- Tax Amount: $36,102
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 44
Listed by MSC Retail, Inc., Jacob K. Cooper
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Schools
Schools serving 1629 Locust St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
2200 Chestnut St, Philadelphia, PA 19103 | K-8 | 0.5 mi | |
550 N Broad St, Philadelphia, PA 19130 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1629 Locust St
Date
Details
Price
Change
Source
5/06/2023
Price Reduced
$3,450,000
-12.66%
MLS
1/07/2022
Listed
$3,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1629 Locust St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$29,452
-18%
$2,104,000
100%
2021
$36,102
—
-100%
2023
$36,102
—
$2,579,100
—
2020
$36,102
3%
$2,579,100
3%
2019
$35,136
10%
$2,510,100
10%
2018
$31,864
41%
$2,276,300
41%
2017
$22,677
—
$1,620,000
—
2016
$22,677
4%
$1,620,000
—
2015
$21,708
—
$1,620,000
—
2014
$21,708
-13%
$1,620,000
533%
2013
$25,014
—
$256,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1629 Locust St
1629 Locust Street, Philadelphia, PA 19103 (MLS# PAPH2045448) is a Retail property. 1629 Locust Street is currently listed for $3,450,000 and was received on January 07, 2022. Want to learn more about 1629 Locust Street? Do you have questions about finding other Retail real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.