1601 LocustPhiladelphia, PA 19102

  • Office properties
  • 4,029 SF
Off market
$797,027 Estimated

Property Details for 1601 Locust

Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Property size (Sq ft)
4,029 SF
Zone code
CMX5
Property type
Office properties
Property subtype
Other office properties
APN
88-8-0355-02
APU
888035502

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,297,937
    6.5%
    $1,198,096
    7%
    $1,112,518
  • Comparable approach

    Method
    Valuation
    Relative Method
    $526,429
    Geo Method
    $526,429
  • Alternative Use

    Use
    Valuation
    Residential
    $1,485,639
    Hospitality
    $1,360,838
    Educational
    $1,132,201
    Medical
    $1,171,139
    Retail
    $1,761,201
1601 Locust, Philadelphia, Pennsylvania

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9488
Longitude
-75.1679
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $599,417
  • Assessed land value
    $59,283
  • Assessed value
    $658,700
  • Tax year
    2023
  • Tax bill
    $9,220

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