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Monday, March 29, 2010

Cashing in on the Housing Bailout



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William Penn House/1919 Chestnut St. STUDIO FOR SALE




THE UNIT: Large, sun-drenched studio, southern exposure, with panoramic view of the city and Rittenhouse Sq, on the 25th floor (out of 29). There are only few studios for sale in entire building. Of those, this is the only one on this high a floor facing the city and the Square. In mint condition, ready to move in. Easily accommodates two-person living situation. Overly ample for single person. Individually controlled heating/air unit. Full kitchen, oven, range, separate breakfast countertop, refrigerator, full bathroom with bathtub/shower, and two ample closets. A hallway leads from the main entrance into the large studio/main room, where the panoramic view takes center stage. Wall-to-wall cream carpeting in all areas except kitchen and tiled bathroom. Cross-breeze when door and windows open. Extremely quiet. Trash and recycling receptacles on each floor. Halls are wall-to-wall carpeted and lavishly appointed. Very low monthly fees. Free cable.

LOCATION: Centrally located in the 1900 block of Chestnut St., one block from Rittenhouse Square, and convenient to shopping, dining, cafes, night clubs, grocers, pizza, deli's, every imaginable type of restaurant, the financial district, banks, the Post Office, ice creameries, cultural events, concert halls, play houses, art galleries, museums, the river front, and even a 24 hour CVS on the corner. Trader Joe's is a block and a half away. You are surrounded by public transportation to include bus stops on every corner, to the 30th St. Train Station, Amtrak, Suburban Station, Septa local and regional lines, and even the Lindeman hi-speed line to NJ just a few blocks away. But with everything in walking distance, you won't be using much public transportation too much. It is the ultimate in Center City Living at your fingertips. Perfect for professionals, couples, Penn/Drexel students, visiting faculty, empty nesters, downsizers, or any other true urban dweller.

THE BUILDING/AMENITIES: The best constructed and maintained hi-rise in Philadelphia. It’s 5 star and immaculate. Bright new marble floors, contemporary hand-painted art adorns the walls, while exotic plants and flowers like a botanical garden make it even more magical . Ground floor indoor and outdoor patio tables for relaxing. Front desk service for 'concierge' level help including receiving packages such as FedEx or UPS if you’re not home during the day. Never miss a delivery again! The maintenance is impeccable, with crews working tirelessly to maintain that 5 star experience. Security staff monitors the building 24 hrs/day, including use of a closed circuit camera system in and outside the building. Your personal building photo ID is required for entrance, no exceptions. Loading dock and spare parking in the back for added convenience. Workout room with state-of-the-art equipment. World-class and terraced 25 meter rooftop pool with view to match open during the summer. Laundry room with state-of-the-art washers and dryers. Bicycle storage room. Mail room. Indoor and outdoor patio as part of lobby. Community room for private events (including full kitchen), including library and public-use computers with internet access. Hospitality Suite for friends and relatives to stay over (book ahead!). Covered and attached valet parking for residents ($80/mo) for the ultimate in convenience. Did I mention the world-class pool on the roof?!

THE ATMOSPHERE: The neighbors are warm, friendly, and very active in the buildings affairs to maintain its 5 star status. There is a true sense of being part of a family, yet with total privacy. It's the best of both worlds.
SUMMARY: This is as good as it gets for the money to live in the center of one of the largest, most sophisticated, and thriving cities in the country. Every time you walk in your apartment and look out at that panoramic view of the city and see that skyline, watching, the endless activities, the sunrise and sunsets, the clouds in the distance, you will be mesmerized every waking moment. It's a living mural, always changing. Stop by and take a peek (while you can). Oh, don’t forget the tax credit for buyers under certain conditions. Asking price is $137,500, almost free!. Co-op charge $8k admin fee to "join" as well as 20% down.

Contact me to schedule a visit!
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