Locust Point Condos

2429 Locust Street [Google Maps]

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We Have Sold Multiple Units Here
We named this one of the 10 Best Philadelphia Condo Buildings - 2009 and 2016

  • Locust Point Condominiums
  • Locust Point Condominiums
  • Locust Point Condominiums
  • Locust Point Condominiums
  • 2429 Locust Street Condos
  • 2429 Locust Street Condos
  • 2429 Locust Street Condos
  • 2429 Locust Street Condos
  • Locust Point Condominiums
  • Locust Point Condominiums
  • Locust Point Condominiums
  • Locust Point Condominiums
  • Locust Point Condominiums
  • Locust Point Condominiums
  • Locust Point Condominiums
  • Locust Point Condominiums
  • Locust Point Condominiums
  • Locust Point Condominiums
  • Locust Point Condominiums

Ranging from 592 - 1,028 sq ft, the condos at Locust Point are a community of 110 one- and two-bedroom condominiums, located at 25th and Locust Streets in the highly desirable Fitler Square neighborhood. Situated on the Schuylkill River waterfront adjacent to Schuylkill River Park, Locust Point Condos are a great buy if you are looking for condos near University of Pennsylvania.

Locust Point is Center City's most desirable new condo conversion, winner of 8 Building Industry Awards, including "Community of the Year" and "Best Condo". This architecturally unique building is finished with luxury amenities such as SS appliances, hardwood floors, granite countertops, high ceilings (approximately 15 feet) and new, huge windows with a wonderful southern exposure. On-site parking is available for an additional charge. On-site gym is open to residents at no additional charge. Locust Point is a non-smoking building.

Condo Fees Include:

  • Water & Sewer, Management Fee, Building Maintenance, Master Insurance Policy, common area lighting, trash removal, gym, and window cleaning once per year.
  • All new buyers pay a capital contribution and move-in fee, as is standard in condominiums throughout Philadelphia. Recent improvements have been made to the lobby and gym.

Additional Information:

  • Neighborhood: Fitler Square
  • Built in 1920
  • 110 Total Condos
  • Washer/Dryer in units
  • Pet-Friendly (1 pet per unit, 30 lb limit)
  • All units have a storage space (4'x3'x4')
  • Converted to condos in 2007
  • Unit Sizes: 592-1063 sq. ft. (One - Two Bedrooms Available)
  • 2 Elevators (1 passenger and 1 freight)
  • HVAC: Individually controlled with Central Air
  • On-Site Management
  • Many units have garage parking...adjacent lot offers rental parking as well
  • There are 75 parking spots on 2 levels on-site
  • There is a $50/m condo fee associated with an on-site parking space
  • Parking spots may be rented out to residents of Locust Point
  • Cross Streets: 25th and Locust
  • Walk Score *Next to Schuylkill River Jogging Trail
  • Compare to: Bridgeview Place, 251 S. 24th St.

Locust Point Condos at 2429 Locust St.- My Two Cents

I love Locust Point. I think the location, the composition of the building (in terms of unit sizes) and amenities are appropriate for the segment in which the building sits. I have actually sold a boatload of condos in the building.
I HAVE PROBABLY BROUGHT MORE BUYERS INTO LOCUST POINT THAN ANY OTHER REALTOR IN TOWN- I HAVE NO DOUBT. HERE IS WHY:
Selling condos at Locust Point is like shooting fish in a barrel. Not difficult. Located on the western edge of Center City and adjacent to the Univ. Of Penn/Drexel campuses, the building is primarily made up of one bedroom condos and a smattering of two bedroom units. I think the largest unit in the building hovers around 1100 sq ft. Every spring we sell another 3 or 4 units in the building as the Penn and Drexel crowds come into the market. Though certainly this is not the only buying segment who may express an interest in the building- this is without a doubt the well in which most of our buyers originate. The building is not a doorman building, but looks and kinda' plays like one. On-site management , gym and every unit has a small storage space. Some folks bought a garage parking space when the building was turned into condos. Locust Point hold the recent record for "shortest sell out time"...when the building was turned into condos, it sold out fairly quickly. And for good reason....
The developer (Reinhold) took a building in a super strong location, and sized the units appropriately. He then replaced the roof, ALL the windows, refinished the lobby, the elevator, and the hallways. Then he went into each unit and replaced the HVAC, hot water tanks, and replaced kitchens and bathrooms, along with flooring. Buyers had a choice of like say 4 palettes to choose (from)... Though a few units were sold in original 1980's condition, most were rehabbed. Modest condo fees, easy access to the universities, and of course the jogging trail entrance is directly out the front door of the building.
So what are some of the factors that account for varying prices within Locust Point?
I think the width of the unit plays a role, as does the location within the building of the unit- the south side generally garners a higher sale price than the north side. And there is a HUGE price difference between east and west . Lower floor east units face a brick wall, and all western units have a STUNNING view of the river. And of course you may want to factor into some of the two bedroom units the distinction of whether the guest bedroom is a platform style or an enclosed bedroom. And lastly, I would think that the corner units command a higher sale price than non-corner units. Corner units have 2 bedrooms. There are 2 floor plans associated with the one bedroom units and 5 different plans associated with the 2 bedroom units. As of October 2017, the building has not had to impose any rental restrictions on unit owners. Pretty much anyway you slice it, Locust Point is in my opinion a solid investment with a kick-butt location in Fitler Square.

First the building was a warehouse...converted to apartments in 1985, then in 2007 they were converted to condominiums. Every year, I do my "TEN BEST CONDOS IN CENTER CITY"...and Locust Point condos seems to land on that list almost every year.


5 Things I Learned When I Reviewed The Condo Docs For Locust Point:

  • 1) Maximum two pets and max weight per pet is 35 pounds. Board may enforce breed restrictions.
  • 2) Two units may be joined together, but only with permission from the board.
  • 3) Parking is assigned and amendment # 4 shows which units have which parking spot.
  • 4) They have budgeted $453,000 in 2017 for roof replacement.
  • 5) A two-month capital contribution is collected from all incoming buyers and goes to the association and not to the seller.

To Schedule a Showing at Locust Point call 215-521-1523 or email Mark.

Amenities

On-Site Gym
On-site Gym
Pet Friendly Building
Pet Friendly Building
Parking Available
Parking Available
Tax Abatement
Tax Abatement

Floor Plans

1 Bedroom 1 Bathroom

1 Bedroom 1 Bathroom
1 Bedroom 1 Bathroom Den

1 Bedroom 1 Bathroom Den
2 Bedroom 1 Bathroom

2 Bedroom 1 Bathroom
2 Bedroom 2 Bathroom

2 Bedroom 2 Bathroom

Click on Floor Plan for a larger view!

Video Tour

Related Links

Click here to watch a video about Locust Point's Fitler Square Neighborhood.
Click here to read our blog on Locust Point Condominiums.

Contact Mark Wade - Phone: 215.521.1523

Email Mark for more information on Locust Point Condos

Mark@CenterCity.com or call 215.521.1523

Please let Mark know if you are inquiring about a RENTAL or a SALE property - Thank You!


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