316 Reed St, Philadelphia, PA, 19147

316 Reed St, Philadelphia, PA, 19147 < >
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for sale
$475,000
Bedrooms:5
Bathrooms:1
Square Feet:2694
Lot Size:0.05 Acres
Year Built:1915
Status:Active
MLS #:PAPH2047512
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
Get More Information
Go See This Home
Are you looking for your next rehab project or a property that you can turn into your own spacious home? This five bedroom property, built in 1915, needs rehab throughout and provides many options to make this a top of the line home. After walking up the marble steps the entrance foyer lends itself to a classic look with the existing details. The first thing that you will notice upon stepping into the living room is the very high ceiling, which can be leveraged for a classic or modern spacious appearance. This is a feature that continues throughout the house. A fireplace is located on the outer wall allowing for the ability to create a focal point in the room. Next on the first floor is the dedicated dining room that leads into the large kitchen space where an extraordinary kitchen can be created. Finishing out the first floor is the laundry room leading to the back yard. Up the stairs to the second floor are three roomy bedrooms and the full bathroom. Lots of space on this floor to create beautiful bedrooms and an outstanding bathroom. Once again, high ceilings to work with on this floor. Moving up to the third floor the stair railings can be preserved to maintain the original charm. Bedrooms 4 and 5 are at this level and provide the opportunity to create a main bedroom suite by taking advantage of the fact the bedroom 4 is immediately above the 2nd floor bathroom and can be converted into a second large bathroom. There is enough space with the two rooms to create a walk-in closet for the bedroom and still have a significantly sized bathroom dedicated to that bedroom. The back yard for this house is large and can easily be made into an oasis within the city. This also gives room for expansion of the house if desired and still leave plenty of backyard room. Finally, the basement has plenty of headroom if a finished basement is in the plans. All mechanicals are in good condition for this property and the structure is solid. Alternative uses include creating a duplex or triplex, with a variance. This home is located on a street and in a neighborhood with plenty of new construction and rehabbed properties. There are ample restaurants and coffee shops. Just four blocks away is Dickinson Square Park. Just as close in the opposite direction is Jefferson Square Park. Rehabbed comparables are of significant ARV, check them out. Come see this property while it is still available and can be converted by the upcoming spring market.
Interior Details
Above Grade Fin SQFT: 2694Architectural Style: Carriage House
Basement Type: Full, Interior AccessBathrooms Full: 1
Below Grade Fin SQFT: 0Below Grade Finished Area Units: Square Feet
Wall & Ceiling Types: 9'+ Ceilings, Unfinished Walls, Plaster WallsFireplace Features: Non-Functioning, Brick
Fireplaces Count: 1Flooring Type: Wood
Levels Count: 3Interior Features: Dining Area

Exterior Details
Water Access YN: NWaterfront YN: N
Water Oriented YN: NNavigable Water YN: N
Lot Features: Rear YardLot Size Acres: 0.05
Lot SQFT: 1979.00

Community Information
HOA YN: NSenior Community YN: N
Zoning: RSA5MLS Area: 19147 (19147)
County: PHILADELPHIACross Street: 3rd
Municipality: PHILADELPHIASubdivision Name: PENNSPORT

School Details
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Property Information From MLS Data
Accessibility Features: NoneStory List: Main, Upper 1, Upper 2
Year Built: 1915New Construction YN: N
DOM: 1

Financial Information
Tax Annual Amount: 4583.0Tax Year: 2021
Sale Type: Standard

Utilities
Sewer Septic: Public SewerWater Source: Public
Cooling Type: NoneCooling Fuel: None
Heating Type: Hot WaterHeating Fuel: Natural Gas
Hot Water: Natural Gas

Listing Information Courtesy of:
List Office Name: MGC Real Estate Group
List Agent Full Name: James W Elliott

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Monthly Payment for 316 Reed St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$475,000
Down Payment:
Loan Amount:$380,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Information obtained from Bright MLS is current as of 12/3/2021 2:24 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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