1601 Spring Garden St. Philadelphia, PA 19130
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2 Cents These condos in the Art Museum area of Center City Philadelphia were developed from a most interesting piece of old Philadelphia real estate- an old hospital! With a very dramatic lobby entrance, 1601 offers mostly studio and one bedroom condo units, some with parking! Grand and picturesque, these condos at 16th and Spring Garden Streets offer a terrific value for those looking to buy Center City condos in a doorman building!
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Quick Sales Stats
2022: 10 Sales, Top Price $194,000
2021: 9 Sales, Top Price $176,000
2020: 5 Sales, Top Price $225,000
2019: 6 Sales, Top Price $165,000
2018: 8 Sales, Top Price $210,000
2017: 4 Sales, Top Price $170,000
2016: 4 Sales, Top Price $239,000
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Called the Colonnade- these condos have the most striking common area lobby in the city. The condos range in size from 316 sq. ft. to 908 sq. ft. and are generally of the studio and one bedroom variety, though a few two bedrooms are in the condo building. Recent sale prices have ranged from $70,000 to $140,000. We will see about a dozen units a year sell in the building- so turnover or "churn" is not heavy at 1601 Spring Garden St. I think the units represent a strong value for those needing a small place to call home in Center City and I think the area is seeing some wonderful growth and development recently which is great. Good values, nice building, and reasonable condo fees can make a purchase at The Colonnade 1601 Spring Garden a smart purchase.