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310 S 16th Street
Philadelphia, PA 19102
$1,149,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2676
Property Description
Located in the heart of Center City, this stunning Rittenhouse Square townhome embodies the perfect blend of classic elegance and contemporary comfort. 310 S. 16th St is an exquisite 3 bedroom, 2 full bath, 2 1/2 bath residence featuring OVER $100,000 in new renovations! As you step inside, you'll immediately notice the care and dedication the owners have put into both updating and maintaining this lovely home. Upgrades include: new roofs, fully renovated primary bath, new boiler & hot water heater and renovated basement. This magnificent home is only steps away from Rittenhouse Square, the Kimmel Center for the Performing Arts, and many of Philadelphia’s finest dining establishments! The location is prime for both Center City & University City commuters, and it is located  within the highly desirable Greenfield School catchment (K-8)! On the first level, will find a beautifully-designed interior featuring high ceilings, gorgeous hardwood floors and an abundance of natural light. The living room features a lovely built-in bookcase and decorative fireplace (that can easily be converted to gas). The open-concept living/ dining area is ideal for entertaining guests.  You will be delighted to see the amount of built-in storage that runs the full length of the dining room and continues all the way into the kitchen. Nestled within this well designed custom cabinetry is both a built-in credenza and bar area with beverage fridge, mosaic backsplash, and gorgeous glass-paneled cabinets above. The custom cabinetry even allows for a discreet coat closet, a rarity in Philadelphia! On the way to the kitchen you will also find a 1/2 bath on this level. The modern kitchen with granite countertops, boasts top-of-the-line appliances, including a wine fridge, and wall oven, perfect for culinary enthusiasts! Enjoy making your favorite meals while admiring the gorgeous tile work and enjoying warm, radiant heated, kitchen floors! Step outside to discover a spectacular garden in the backyard, providing a serene escape. This beautiful outdoor space is perfect for relaxing, barbecuing with friends, or simply enjoying a morning coffee amidst lush greenery.  As you head upstairs take notice of the original balusters, ornate glass window, and hardwood stairs. Next, retreat to the luxurious primary suite, complete with a newly renovated spa-like ensuite bath( $35,000) featuring marble tiles, dual vanities with quartz countertops, decorative lighting and an enormous walk-in-shower! This main bedroom is full of sunlight and features another decorative fireplace, more built in bookcases and generous closet space. On the 3rd level, you'll find a spacious second bedroom that provides comfort and flexibility for family or guests. There is also plenty of space for this room to be used as both an office and guest bedroom combined. You will also find a well-appointed hall bath on this level. On the 4th level, you will fall in love with the most adorable sunlit bedroom with built-in bunk beds & a built-in desk, and charming dormer windows, making this a perfect child’s room. The finished basement ($10,000) with 1/2 bath has been renovated to provide a comfortable, additional living space. Enjoy this space as an entertainment area, home gym, or playroom. In the basement you will also find a spacious laundry room, ample storage and a restored (decorative) original stove. Have peace of mind to know that both the boiler ($12,000), hot water heater ($2,000) and roof ($25,000) were all just replaced in 2022. Enjoy the vibrant neighborhood with its charming streets, shops, and some of the best restaurants Philadelphia has to offer, including Enswell and Superfolie less than 1 block away! Whether you're dining at renowned eateries, enjoying a show, or taking a leisurely walk through Rittenhouse Square, this location of offers the ultimate urban lifestyle! Sellers offering 6 months pre-paid parking at a local lot at 15th and Spruce!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1800
MLS Number
PAPH2361674
Location
Address
310 S 16TH STREET
City
PHILADELPHIA
State
PA
Zip Code
19102
County
PHILADELPHIA (SOUTH)
Listing
Provider
Name
Compass
Phone
Office Name
Compass Pennsylvania, LLC
Office Phone
(610) 822-3356
Agent Name
Jocelyn Morris

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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.