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520 Spruce St, Philadelphia, PA, 19106

$1,360,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
6 Full Baths
2,508 SqFt
$542/SqFt
House

Location

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520 Spruce St, Philadelphia$1,360,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingPublic, Unassigned, On Street
Year Built1850
HeatingForced Air
CoolingCentral Air
MLS #PAPH2405356
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 520 Spruce St

Location, Location, Location! Prepare to fall in love with 520 Spruce Street, a charming and spacious triplex located in the heart of Society Hill, one of Philadelphia’s most sought-after neighborhoods. This unique property boasts three distinct units, all with their own character and historic charm. The first floor welcomes you through a historic vestibule private entrance into a large residential space that transitions into a bilevel 3-bedroom, 2-bathroom unit, currently rented for $3,050/month. On the second floor, you’ll find a vacant 2-bedroom, 1-bathroom unit that was last rented for $2,200/month – an ideal option for an owner-occupant looking to subsidize their mortgage payment while make this historic building their home. The third and fourth floors offer a spacious bilevel 3-bedroom, 3-bathroom unit, rented for $3,272/month. Each unit has been recently upgraded with brand-new kitchens while retaining the building's classic features such as high ceilings, historic fireplaces, and charming details throughout. Every unit also includes private outdoor space, perfect for enjoying the serene, tree-lined views of the neighborhood. Situated in Society Hill, this property is surrounded by the city's rich history, with Independence Hall, the Liberty Bell, Washington Square Park, world-class museums, shops, boutiques, and restaurants just steps away. Commuting is a breeze with easy access to I-95, I-676, I-76, SEPTA bus routes, subway, and regional rail. This triplex offers a blend of historic charm and modern convenience in one of Philadelphia’s premier locations – a true gem for investors or owner-occupants alike!

Property Details

Property Features

Property Information:

  • Architectural Style: Unit/Flat
  • Year Built: 1850
  • Stories: 3
  • Living Area: 2,508 SqFt

Listing Office:

  • Office Name: BHHS Fox & Roach-Center City Walnut
  • Office Phone: (215) 627-6005
  • Listing Agent: Frank L DeFazio

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: Public, Unassigned, On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: between 5th & Spruce St

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,360,000
  • Price Per SqFt: $542/SqFt

Tax Information:

  • Annual Amount: $12,152
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

520 Spruce St vs Philadelphia

46 DAYS ON ROCKET

+2 Days

$1,360,000

+$1.0M More

$542/SqFt

+$343 More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $343/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: #PAPH2405356

Listing Office:

  • Office Name: BHHS Fox & Roach-Center City Walnut
  • Office Phone: (215) 627-6005
  • Listing Agent: Frank L DeFazio

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: 11/17/2024, 10:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$12,152 -
2019$11,759$840,100
2018$8,967$640,600
2017$8,967$640,600

History based on county public records data.

Payment Calculator

$6,855

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,144

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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.

Nearby Schools

school-card-donut-604904
1
/10
  • Hope Community Charter School

  • 836 S 4th St

  • 1.66 miles

  • Public Charter Grades KG-6

school-card-donut-604905
5
/10
  • Francis Scott Key School

  • 2230 S 8th St

  • 1.78 miles

  • Public District Grades KG-6

school-card-donut-604906
3
/10
  • Stephen Girard Elementary School

  • 1800 Snyder Ave

  • 2.00 miles

  • Public District Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $122,500. The majority of Philadelphia, PA residents have income between $100k-200k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 520 Spruce St

What is the listing price of this property?

The listing price of 520 Spruce St property is $1,360,000.

What type of property is this?

The property 520 Spruce St is a house located in Philadelphia, Pennsylvania, 19106.

Is this property for sale now?

Active Listing: 520 Spruce St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $12,152 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 520 Spruce St has 8 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 520 Spruce St is 2,508 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 520 Spruce St is 1850.

Rocket HomesPennsylvaniaPhiladelphia CountyPhiladelphia19106520 Spruce St

This home is located at 520 Spruce St in Philadelphia, PA and zip code 19106 in the Center City neighborhood. This 2,508 square foot home, which was built in 1850, sits on a 0.03 acre lot. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $1,360,000.

In October 2024 more than 252 listings in Philadelphia, PA were sold above the asking price. During the same period more than 237 listings were sold at asking price, while more than 567 were sold below. The number of listings in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. In October 2024 median list price was $261,807 and the average listing age was 44 days.

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

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