Views
Listed By:
MSC Retail, Inc.
Address
1622 Locust Street, Philadelphia, PA
Price
$ 7,250,000
Property Attributes
  • MLS#PAPH2234078
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19103
  • Zip19103
  • StyleVictorian
  • Year Built1854
  • Taxes$ 34036
  • Price$ 7,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,534 SqFt
Data Source:
Bright MLS
Property Description

Welcome to 1622 Locust Street, a spectacular and prestigious double wide estate with an expansive rear courtyard situated one block form Rittenhouse Square on a charming, tree-lined block. Constructed in 1852 as the Isaac Lea House, an elegant and stately private residence, the property has been used for commercial purposes for the last century, and for the last five decades has been owned and occupied by the same family as legal offices. With the flexibility to be occupied commercially or through a residential conversion -- including the potential for by-right development of the courtyard -- the opportunity for investors, developers and commercial users alike to acquire this type of property truly only presents itself once in a lifetime! The building was designed by noted architect John Notman, who also designed the Athenaeum on Washington Square, as well as Saint Mark's Church directly across Locust Street. It is one of the first examples in the United States of the Italianate villa style, a distinction which earned the property a Historic designation in Philadelphia in 1967. The building boasts unparalleled original period detail beginning with the ground floor: an ornate vestibule, rooms with gracious proportions; high ceilings, full height windows and doors; crown molding, chair rail, wainscoting; arched and corbelled openings; marble fireplace mantels and inlay parquet floors. A grand central staircase with ornate, carved wood balustrades connects the buildings four stories, capped with a stained glass oval skylight. In the rear of the property, accessible from a covered porch sits a large and pristine courtyard, lined with wrought iron railings and brick walls, paved with bluestone. Mature trees, manicured gardening and a fountain create the feeling of a secluded urban oasis. The patio backs onto Latimer Street, providing additional light and air. Each floor of 1622 Locust overlooks beautiful and serene views to the north and south. A covered driveway for two cars is accessible from both the building and Latimer Street.

Price History
5/9/2023 Listed $7,500,000
10/25/2023 4% - $7,250,000

General Features

Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C
Possession Negotiable
Zoning CMX3
Pool Y/N No Pool
Architectural Style Victorian
Construction Materials Masonry
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Year Built 1854
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility Other
County PHILADELPHIA
New Construction No
Property Type Multi-Family
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Total Units 1
MLS Area 19103 (19103)
Lot Size Square Feet 6387.00
Waterfront Y/N No
Tax Annual Amount 34036.0
Structure Type Interior Row/Townhouse
Price Per Sq Ft 446.54
Historic Y/N Yes
Vacation Rental Y/N No
Days on Market 262
Tax Lot 122
School District 300200397108

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Yes
Central Air Y/N Yes

Exterior Features

Water Source Public
Type of Parking Driveway
Foundation Details Stone
Water View Y/N No
Lot Dimensions 58.00 x 126.00
Lot Size Acres 0.15
Lot Size Source Assessor
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19103

Price
AVG $2.88M
$7.25M
Taxes
AVG $20,676
$34,036
Visits
AVG 494
1340
Data Provided by Inside Real Estate®
Year Built
AVG 1881
1854
Walkscore
AVG 99
100
Data Provided by Walkscore® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover