Condo / High-rise home in Philadelphia, PA
This Condo condo in Philadelphia, PA offers 2 bedrooms and 2 bathrooms across 1,101 square feet. Its Condo character defines the property's look.
| Price | $525,000 |
|---|
| Beds | 2 |
|---|
| Baths | 2 |
|---|
| Sqft | 1101 |
|---|
| Architectural style | Condo / High-rise (91% match) |
|---|
| Address | 1034 Spruce St #-501, Philadelphia, PA 19107 |
|---|
Why buy this home
- Confirmed Condo / High-rise architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced above comparable homes.
- At $525K, this home is 40% above the $375K median for 299 similar Condo / High-rise homes in Philadelphia, PA.
- That works out to $477 per square foot, 53% above the $311 comparable rate.
- New to market (2 days), so expect competition.
| This home | $525,000 |
|---|
| Condo / High-rise median in Philadelphia, PA | $375,000 (299 homes) |
|---|
| Price per sq ft | $477 vs. $311 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $3,722/month with 20% down at a 7.28% 30-year fixed rate. You would need about $159,533 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,874/mo |
|---|
| Property tax (new-buyer reassessed rate) | $652/mo |
|---|
| Homeowners insurance | $197/mo |
|---|
| Total monthly | $3,722/mo |
|---|
| Down payment (20%) | $105,000 |
|---|
| Income needed | $159,533/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home F (31 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | F (31/100) |
|---|
| Beats renting in | 1% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $156,490 |
|---|
| Range (10th to 90th pct) | $65,813 to $258,569 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Philadelphia, PA where local data is thin.
Local home values
Typical home values in Philadelphia, PA have risen about 28% over the past 5 years (+3% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Trulia