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$1,400,000
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Property Description
Welcome to Unit 7 at 262 South 16th Street, a rare full-floor condominium offering over 1,400 square feet of refined living space in the heart of Rittenhouse Square. This two-bedroom, two-bath residence blends timeless elegance with modern comfort, featuring soaring 10.5-foot ceilings and expansive windows that bathe the home in natural light. Step off the private elevator directly into the home, where an open-concept layout invites effortless living and entertaining. The spacious living and dining area flows seamlessly onto a large private balcony, perfect for indoor-outdoor entertaining or enjoying a quiet city moment. At the heart of the home is a chef's dream kitchen, showcasing custom cabinetry, designer appliances, and a grand center island with waterfall quartz countertops. A private roof deck crowns the home, offering panoramic city views-an exceptional space for dining al fresco, sunbathing, or evening relaxation. Finishing the home is the opulent primary suite comprised of a large bedroom with floor-to-ceiling windows, a walk-in closet, and an indulgent, spa-like en-suite adorned with a free-standing soaking tub, rainfall shower-heads, and a double vanity. The second bedroom is generously sized and served by a sleek full bathroom, offering flexibility for guests, work-from-home, or additional living space. Additional highlights include central air, hardwood floors throughout, in-unit laundry, and six years remaining on the tax abatement, ensuring long-term value. Seller is offering 1 year prepaid parking at 1500 Locust St Parking Garage (1 Block away) Perfectly positioned just steps from the lush greenery of Rittenhouse Square, this home is surrounded by acclaimed restaurants, boutique shops, and cultural landmarks-making it a rare offering for those seeking luxurious, low-maintenance living in one of Philadelphia's most prestigious neighborhoods.
Full Property Details
Full Property Details for 262 S 16th St #7
General
- Price: $1,400,000
- HOA FEE: $715/month
- Taxes: $3,234 (2024)
- Status: Active
- Type: Condo
- Source: BrightMLSPhilly
- MLS ID: PAPH2492060
- Updated: 3/6/2026
- Added to Site: 290 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main Floor Baths: 2
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main & Up: 2
Additional Information
- Shared Amenities: Elevator
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Prepaid
- Parking Type: Parking Garage
- Garage Description: Covered Parking
Location
- Area: 19102 (19102)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: RITTENHOUSE SQUARE
- Driving Directions: From Spruce St turn right onto 16th St
School Information
- School District: The School District Of Philadelphia
Community
- Assoc. Fees Include: Ext Bldg Maint, Reserve Funds, Snow Removal
- Pets Allowed: Yes
- Pets: No Pet Restrictions
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Unit/Flat
- Structure Type: Mid-Rise 5 - 8 Floors
- Construction: Mixed
- Foundation: Other
- Entry Floor Number: 5
- Stories Description: Main
- Square Feet: 1,407
- Sq. Ft. Source: Assessor
- Living Area: 1,407 Sq. Ft.
- Finished Above Grnd: 1,407 Sq. Ft.
- Year Built: 2020
- Year Built Source: Assessor
Lot Features
- Zoning: CMX3
Financial Considerations
- Price Per Sq. Ft.: $995.02
- Condo Fee: $715
- Condo Fee Freq: Monthly
- Assessment Year: 2023
- School Tax: $1,723
- City/TownTax: $1,417
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $224,445
- Tax Amount: $3,234
- Tax Year: 2024
- Tax Total Finished Sq. Ft.: 1407
Disclosures and Reports
- Ownership: Condominium
- Condo: Yes
- Inclusions: Outdoor Furniture
- Lot Number: 95
Listed by KW Empower, Ben Hooson-Jones
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Schools
Schools serving 262 S 16th St #7
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Greenfield Albert M School 2200 Chestnut Street, Philadelphia, PA 19103 | K-8 | 0.6 mi |
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130 | 12-11 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 262 S 16th St #7
Date
Details
Price
Change
Source
2/03/2026
Price Reduced
$1,400,000
-6.67%
MLS
11/13/2025
Price Reduced
$1,500,000
-5.96%
MLS
9/08/2025
Price Reduced
$1,595,000
-0.31%
MLS
7/29/2025
Price Reduced
$1,600,000
-3.03%
MLS
7/07/2025
Price Reduced
$1,650,000
-5.71%
MLS
6/14/2025
Listed
$1,750,000
11.11%
MLS
10/18/2021
Sold
$1,575,000
—
Public Record
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 262 S 16th St #7
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,235
—
$1,541,100
—
2024
$3,235
3%
$1,541,100
100%
2023
$3,142
—
—
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 262 S 16th St #7
262 S 16th Street #7, Philadelphia, PA 19102 (MLS# PAPH2492060) is a Condo property with 2 bedrooms and 2 full bathrooms. 262 S 16th Street #7 is currently listed for $1,400,000 and was received on June 14, 2025. Want to learn more about 262 S 16th Street #7? Do you have questions about finding other Condo real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

