INTRODUCING: THE GRACE — named for a Philadelphia icon, Grace Kelly — this boutique new construction apartment property is nestled in the northwest hills of East Falls in Philadelphia, Pennsylvania. Nearly fully leased in its first year of occupancy, this premium turnkey multifamily asset commands an impressive streetscape presence on Midvale Avenue — the winding, bucolic avenue which runs from the top of the hill to the Schuylkill River. Located in the storybook East Falls setting with studios, 1bd and 2bd apartments, residents have access to a fully furnished fitness center on the ground floor to practice everyday health and wellness, as well as a panoramic rooftop terrace showcasing views of the lush surrounds. The Property is set back from the bustling Ridge Ave corridor and tucked into the landscape, providing a quiet respite for residents. Yet, it’s just steps from the plentiful shops, restaurants, cafes and amenities in the East Falls borough, and equally convenient to Main Street Manayunk, The Schuylkill River Trail, Septa’s regional rail station, Jefferson University, Wissahickon Valley Park, Bala Cynwyd shopping + office districts, and so much more—just outside of the urban core. The asset carries the benefits of a 10 year tax abatement along with minimal expenditures, in an area poised for above-average rent growth and appreciation — NW PHL. BUYER RESPONSIBLE TO VERIFY TAXES, FINANCIALS, SF IN DD. 48HR NOTICE REQUIRED TO TOUR.
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 2024
Living Area: 30,000 SqFt
Listing Office:
Office Name: Keller Williams Liberty Place
Office Phone: (609) 399-5454
Listing Agent: Ryan J McManus
Interior Features
Interior Information:
Flooring Type: Luxury Vinyl Plank
Exterior Features
Exterior Information:
View: City, River, Park, Panoramic
Parking Information:
Parking: None
Lot Features
Lot Information:
Lot Size: 0.28 Acres
Utilities
Utilities Information:
Heating: Other
School Info
Assigned Schools Information:
Roxborough High School, Public District Grades 9-12
Thomas Mifflin School, Public District Grades PK-8
Other
Directions Information:
Directions: BETWEEN CRESSON AND WARDEN ON MIDVALE.
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $10,500,000
Price Per SqFt: $350/SqFt
Tax Information:
Annual Amount: $2,293
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $10.2M more than the Median Sold Price and $151/SqFt more than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2412980
Listing Office:
Office Name: Keller Williams Liberty Place
Office Phone: (609) 399-5454
Listing Agent: Ryan J McManus
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$52.4K
Per Month
Principal & Interest
$52.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$31.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Thomas Mifflin School
3624 Conrad St
Distance between this listing and this school0.05 miles
Public District Grades PK-8
High School
2
/10
Roxborough High School
6498 Ridge Ave
Distance between this listing and this school2.30 miles
Public District Grades 9-12
Assigned Schools
3
/10
Thomas Mifflin School
3624 Conrad St
Distance between this listing and this school0.05 miles
Public District Grades PK-8
Nearby Schools
5
/10
Cook-Wissahickon Elementary School
201 E Salaignac St
Distance between this listing and this school0.97 miles
Public District Grades KG-8
4
/10
Rhodes Elementary School
2900 W Clearfield St
Distance between this listing and this school1.09 miles
Public District Grades KG-8
Nearby Schools
5
/10
Wissahickon Charter School
4700 Wissahickon Ave # G
Distance between this listing and this school1.06 miles
Public Charter Grades KG-8
7
/10
Amy NW
6000 Ridge Ave
Distance between this listing and this school1.60 miles
Public District Grades 6-8
3
/10
Imani Educationl Circle Charter School
5612 Greene St
Distance between this listing and this school1.60 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Roxborough High School
6498 Ridge Ave
Distance between this listing and this school2.30 miles
Public District Grades 9-12
Nearby Schools
3
/10
Eastern University Academy Charter School
3300 Henry Ave
Distance between this listing and this school0.44 miles
Public Charter Grades 7-12
2
/10
Randolph A. Philip Avt High School
3101 Henry Ave
Distance between this listing and this school0.77 miles
The neighbors living near this home have an average income of $82,863. Typical income of Philadelphia, PA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3503 Midvale Ave
What is the listing price of this property?
The listing price of 3503 Midvale Ave property is $10,500,000.
What type of property is this?
The property 3503 Midvale Ave is a house located in Philadelphia, Pennsylvania, 19129.
Is this property for sale now?
Active Listing: 3503 Midvale Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 3503 Midvale Ave are: Thomas Mifflin School: GreatSchools Rating 3/10Roxborough High School: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,293 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 19, 2021 for $925,000. (source: MLS/tax record).
What is the square footage of this property?
The property 3503 Midvale Ave is 30,000 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3503 Midvale Ave is 2024.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 3503 Midvale Ave in Philadelphia, PA and zip code 19129 in the East Falls neighborhood. This 30,000 square foot home, which was built in 2024, sits on a 0.28 acre lot. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $10,500,000.
Philadelphia, PA housing market in October 2024 saw over 252 listings sold above listed price, more than 237 sold at listed price and over 567 sold below. In October 2024 in Philadelphia, PA there were 9.8% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $261,807, while the average time on the real estate market was 44 days.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
Tennis
Tennis
Live Theatre
Hiking/backpacking
Crate & Barrel
Bloomingdales
Nordstrom Rack
Starbucks
Boston Market
The Cheesecake Factory
BMW
Mercedes
Audi
News
Alternative