It should come as no surprise to anyone that the folks at NeighborhoodXqu found no residential properties selling for under $200,000 in Rittenhouse Square.
But they did find ten properties all under $350,000, which might surprise some people familiar with what has historically been Center City’s toniest residential district.
However, when you factor in the types of properties on this list and the amount of space they contain, they don’t seem like such great bargains after all.
For starters, all but one of these ten least expensive properties currently on the market is a condominium. The one that isn’t is a 702-square-foot trinity, the roomiest property of the bunch.
Five of the nine condos are studios ranging in size from 359 to 545 square feet, while the other four are one-bedrooms varying from 435 to 700 square feet.
In terms of price per square foot, then, these aren’t all that cheap. “To put these prices in context, the average asking price for Rittenhouse at the beginning of August was $544 per square foot, ranging from $268 to $1,680 per square foot,” said Constantine A. Valhouli, director of research for NeighborhoodX. “These more affordable properties featured here are clustered near the average price for the neighborhood.
The ten most affordable homes in Rittenhouse appear below, with links to listing information for each. Remember that condo fees add to the monthly expense for all of these properties save 403 S. 17th St.
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