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121 Walnut Street
Philadelphia, PA 19106
$799,996
Conventional
Property
Bedroom
2
Bathroom
2
Property Type
Conventional
Square ft
1713
Property Description
Impeccable condominium living awaits in this prime Society Hill location, boasting coveted outdoor space and the convenience of onsite parking for one car. Nestled within a charming boutique doorman building at the crossroads of Society Hill and Olde City, two of Philadelphia's most storied neighborhoods, this residence offers an unparalleled living experience. Adding to its allure, The Moravian is steps away from some of the city's best restaurants, such as Zahav, Positano Coast, Fork, and many more.Construction has commenced on The Park at Penn's Landing, just two blocks away. This 11.5-acre park and civic space, located between Chestnut Street and Walnut Street, from Front Street to the river, will connect the city to the waterfront. Anticipated to be completed with approximately $220 million in improvements, the new park will include a skating rink, water features, a caf, and a variety of other active and passive uses.This exceptional condominium gazes out over Welcome Park, sharing the floor with only two other apartments, ensuring a sense of exclusivity and tranquility. Stepping into the foyer, you are welcomed into a sprawling, light-filled living space, seamlessly blending the living room, dining area, and kitchen into a harmonious whole, with the perfect balance of delineation and openness. The two bedroom on opposite wings of the condo is the Perfect floorplan for privacy. High floor with marvelous light. Warmth and sophistication abound, with features such as a gas fireplace and a delightful window seat overlooking the park, a favored spot for relaxation. Hardwood floors, elegant moldings, and recessed lighting further enhance the ambiance. The gourmet kitchen is a chef's delight, boasting solid wood cabinets, luxurious marble countertops and backsplash, and an inviting island with seating for three. Equipped with top-of-the-line appliances, including gas cooking, a Jenn-Air refrigerator, and a Fisher Paykel two-drawer dishwasher, it is as functional as it is stylish.The spacious primary bedroom beckons with its own French balcony and double walk-in closets complete with custom built-ins. The adjoining primary bath offers a lavish retreat, featuring a large marble shower and double vanity adorned with a marble countertop. A versatile second bedroom, currently utilized as a den, provides flexibility and additional storage with built-in bookshelves and a wall of closets. An adjacent full bathroom, boasting a jacuzzi tub and onyx countertop, serves both guests and residents with ease, accessible from the foyer for added convenience.Storage is ample throughout the residence, with a hallway double coat closet, a large storage closet for dining essentials, storage under the window seat, a utility room, and a laundry closet ensuring all needs are met. Completing this offering is the inclusion of one assigned underground parking space, positioned for an effortless lifestyle.With a stellar WalkScore of 98, this home epitomizes convenience, offering peaceful surroundings while being mere blocks away from the city's finest restaurants, coffee shops, Penn's Landing, and the picturesque Delaware River waterfront with its scenic running trails. Proximity to major highways and numerous SEPTA routes further enhances accessibility, making this residence an exceptional value proposition for discerning buyers seeking both luxury and practicality.
Property Information
Lot Size
-- square ft
Property Type
Other
Year Built
2005
MLS Number
PAPH2319438
Location
Address
121 WALNUT STREET
City
PHILADELPHIA
State
PA
Zip Code
19106
County
PHILADELPHIA (SOUTH)
Listing
Provider
Berkshire Hathaway HomeServices Fox & Roach, Real, original listing
Name
Berkshire Hathaway HomeServices Fox & Roach, Real
Phone
Office Name
BHHS Fox & Roach At the Harper Rittenhouse Sq
Office Phone
(215) 546-0550
Agent Name
Reid Rosenthal

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.