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506 W Thompson St, Philadelphia, PA, 19122

$399,000

Home List Price

$4,738*

Closing Credit

3 Bedrooms
2 Full Baths
1,392 SqFt
$287/SqFt
Townhouse

Location

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506 W Thompson St, Philadelphia$399,000

Buyer Closing Credits

$4,738*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingOn Street
Year Built1920
HeatingCentral
CoolingCentral Air
BasementYes
MLS #PAPH2404030
Lot Size0.01 Acres
StatusActive
(ACTIVE)

About 506 W Thompson St

Welcome to 506 W. Thompson St, a beautifully maintained 3-bedroom, 2-bathroom home located in the heart of Old Kensington, one of Philadelphia’s most vibrant and rapidly growing neighborhoods. This gem offers a perfect blend of modern living and historic charm, with all the perks of city life right at your doorstep. The property offers an updated contemporary kitchen, spacious bedrooms, modern bathrooms, and is just minutes away from popular areas like Northern Liberties, Fishtown, and Center City, giving you access to trendy cafes, restaurants, and shops. Take advantage of super low taxes with 7 years remaining on theTAX ABATEMENT, giving you peace of mind and saving you money for years to come. Whether you're looking for a new home or an investment property, this location and property make a fantastic choice in a rapidly appreciating neighborhood. Don’t miss the opportunity to make this home yours! Schedule a tour today and experience everything 506 W. Thompson St has to offer.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1920
  • Living Area: 1,392 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Devon-Wayne
  • Office Phone: (610) 647-8300
  • Listing Agent: SHARMEEN MUSSANI

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.01 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Kensington Creative & Performing Arts High School, Public District Grades 9-12
  • Kensington Health Sciences Academy, Public District Grades 9-12
  • James R. Ludlow Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: from Girard, left on 6th, right on Thompson, house on right

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,000
  • Price Per SqFt: $287/SqFt

Tax Information:

  • Annual Amount: $1,638
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

506 W Thompson St vs Philadelphia

33 DAYS ON ROCKET

-11 Days

$399,000

+$137.1K More

$287/SqFt

+$88 More

KEY TAKEAWAY

This property is $137.1K more than the Median Sold Price and $88/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: #PAPH2404030

Listing Office:

  • Office Name: Keller Williams Realty Devon-Wayne
  • Office Phone: (610) 647-8300
  • Listing Agent: SHARMEEN MUSSANI

IDX 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.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 8:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 30, 2019Home Sold
$120,000
Jul 03, 2018Home Sold
$115,000
Apr 11, 2016Home Sold
$21,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,638 -
2019$1,637$117,000
2018$1,235$88,200
2017$1,235$88,200

History based on county public records data.

Payment Calculator

$2,059

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,263

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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

school-card-donut-2079510
3
/10

  • James R. Ludlow Elementary School

  • 550 W Master St

  • 0.10 miles

  • Public District Grades PK-8

High School

school-card-donut-2079511
2
/10

  • Kensington Creative & Performing Arts High School

  • 1901 N Front St

  • 0.77 miles

  • Public District Grades 9-12

school-card-donut-2079512
2
/10

  • Kensington Health Sciences Academy

  • 2463 Emerald St

  • 1.28 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,340. The majority of Philadelphia, PA residents have income less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 506 W Thompson St

What is the listing price of this property?

The listing price of 506 W Thompson St property is $399,000.

What type of property is this?

The property 506 W Thompson St is a townhouse located in Philadelphia, Pennsylvania, 19122.

Is this property for sale now?

Active Listing: 506 W Thompson St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 506 W Thompson St are:
James R. Ludlow Elementary School: GreatSchools Rating 3/10
Kensington Creative & Performing Arts High School: GreatSchools Rating 2/10
Kensington Health Sciences Academy: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,638 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 30, 2019 for $120,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 506 W Thompson St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 506 W Thompson St is 1,392 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 506 W Thompson St is 1920.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19122›506 W Thompson St

This home is located at 506 W Thompson St in Philadelphia, PA and zip code 19122 in the Ludlow neighborhood. This 1,392 square foot home, which was built in 1920, sits on a 0.01 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $399,000.

In October 2024, from all listings sold in Philadelphia, PA there were more than 252 sold above asking price, over 567 sold below and more than 237 were sold right at the asked price. Between September 2024 and October 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 9.8%. While the average time on the market in October 2024 was 44 days, the median list price was $261,807.

From Rocket Homes Real Estate and based on county public records data.

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