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2109 Locust Street
Philadelphia, PA 19103
$6,500
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2684
Property Description
Introducing a Rittenhouse Square Showstopper! Welcome to 2109 Locust, an exquisitely designed townhome with an ELEVATOR, nestled in the highly sought-after Rittenhouse Square. This impressive residence, featuring 3 bedrooms and 3.5 bathrooms, has recently undergone a comprehensive top-to-bottom renovation, showcasing the finest materials to meet the standards of the most discerning resident.Upon entering this stunning home, you'll immediately appreciate the refined hardwood floors, contemporary finishes, beautiful light fixtures, and an open floor plan that fosters a seamless flow between the first and second floors. This design creates a sense of spaciousness and connectivity in the living areas. The kitchen, a true centerpiece for entertainment, boasts top-of-the-line appliances and a marble backsplash, creating an inviting space for any social gathering.Elevating the overall living experience, this residence features a rare and original elevator, adding both convenience and charm. The first floor offers a tasteful mudroom with high-end built-in closets and drawers, classic black and white checkerboard tiles, and a conveniently located powder room.Designer touches throughout the home are unparalleled, with walls adorned in Designers Guild/Osborne & Little and Galbraith & Paul wallpaper. Luxurious gym flooring by Missoni Bolon and custom closets in all rooms by California Closets ensure optimal organization. The primary closet, a masterpiece crafted by Closet Works, adds an extra layer of sophistication.The second floor unfolds as a refined entertainment area with a fireplace and a built-in wet bar, accompanied by a convenient powder room and spacious laundry facilities. Ascend to the third floor, where the owner's suite awaits'a haven of luxury with a custom-designed bathroom and closet tailored for an extensive wardrobe.On the fourth floor, two additional bedrooms and a full bath provide ample space for family or guests. The crowning jewel, the rooftop deck, offers stunning Center City skyline views, creating an ideal setting for relaxation or entertaining.Situated in the coveted Greenfield district, this residence is a gateway to sophistication and style. Seize the opportunity to reside in a home that captivates at every turn, positioned in close proximity to Rittenhouse Square, Fitler Square, Upenn, Drexel, the Schuylkill River, and more. This property seamlessly combines urban convenience with refined living in the heart of Philadelphia's most desirable neighborhoods. Don't miss the chance to make this extraordinary residence your home.
Property Information
Lot Size
-- square ft
Property Type
Rental
Year Built
1905
MLS Number
PAPH2328982
Location
Address
2109 LOCUST STREET
City
PHILADELPHIA
State
PA
Zip Code
19103
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.