262 S 16Th Street # 7
Philadelphia, PA, 19102 $ 1,500,000
Bedrooms2 Baths2.0 Sq 1,407 Monthly Estimate*
$ 9,358
for $1,500,000 with 2 bedrooms and 2 full baths. This 1,407 square foot condo was built in 2020.
Welcome to Unit 7 at 262 South 16th Street, a rare full-floor condominium offering over 1,400 square feet of refined living space in the heart of Rittenhouse Square. This two-bedroom, two-bath residence blends timeless elegance with modern comfort, featuring soaring 10.5-foot ceilings and expansive windows that bathe the home in natural light. Step off the private elevator directly into the home, where an open-concept layout invites effortless living and entertaining. The spacious living and dining area flows seamlessly onto a large private balcony, perfect for indoor-outdoor entertaining or enjoying a quiet city moment. At the heart of the home is a chefs dream kitchen, showcasing custom cabinetry, designer appliances, and a grand center island with waterfall quartz countertops. A private roof deck crowns the home, offering panoramic city viewsan exceptional space for dining al fresco, sunbathing, or evening relaxation. Finishing the home is the opulent primary suite comprised of a large bedroom with floor-to-ceiling windows, a walk-in closet, and an indulgent, spa-like en-suite adorned with a free-standing soaking tub, rainfall shower-heads, and a double vanity. The second bedroom is generously sized and served by a sleek full bathroom, offering flexibility for guests, work-from-home, or additional living space. Additional highlights include central air, hardwood floors throughout, in-unit laundry, and six years remaining on the tax abatement, ensuring long-term value. Seller is offering 1 year prepaid parking at 1500 Locust St Parking Garage (1 Block away) Perfectly positioned just steps from the lush greenery of Rittenhouse Square, this home is surrounded by acclaimed restaurants, boutique shops, and cultural landmarksmaking it a rare offering for those seeking luxurious, low-maintenance living in one of Philadelphias most prestigious neighborhoods.
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FeaturesGeneralLiving Area 1407
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning CMX3
Garage Spaces 1.00
Association Fee Includes Ext Bldg Maint Reserve Funds Snow Removal
Architectural Style Unit/Flat
Construction Materials Mixed
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Year Built 2020
Levels 1
Unit Number 7
Tax Year 2024
Ownership Condominium
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility Elevator
HOA Fee 2 715.00
County PHILADELPHIA
New Construction N
Property Type Residential
Association Amenities Elevator
HOA N
Subdivision Name RITTENHOUSE SQUARE
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 2
Status ACTIVE
Directions From Spruce St turn right onto 16th St
City PHILADELPHIA
Senior Community Y/N N
MLS Area 19102 (19102)
HOA Fee 2 Frequency Monthly
Tax Annual Amount 3234.94
Structure Type Unit/Flat/Apartment
Condo/Coop Association fee Y/N Y
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 1066.1
Vacation Rental Y/N N
Virtual Tour https://www.zillow.com/view-imx/28ae58e1-a631-4345-b61e-d3ffe5096856?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Standard Status Active
Year Built Source Assessor
Tax Lot 95
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InteriorHeating Fuel Natural Gas
Hot Water Natural Gas
Basement (Y/N) N
Heating Y/N Y
Above Grade Finished Area 1407
Central Air Y/N Y
Total Bedrooms 2
Below Grade Finished Area 0
Entry Level 5
Main Level Bedrooms 2
Below Grade Finished Area Unit Type Square Feet
Laundry Type Has Laundry
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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ExteriorPool No Pool
Parking Features Prepaid
Water Source Public
Inclusions Outdoor Furniture
Garage Features Covered Parking
Type of Parking Parking Garage
Foundation Details Other
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Waterfront Y/N N
Land Assessed Value 224445.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $9,358
- Monthly Property Taxes
- $270
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Philadelphia, PA
Average List Price $725,279
Percent of Sale Price 52%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533249 Elementary School
3533189 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/13/2025 | $1,500,000 | -5.96% | Price Down |
| 9/8/2025 | $1,595,000 | -0.31% | Price Down |
| 7/29/2025 | $1,600,000 | -3.03% | Price Down |
| 7/8/2025 | $1,650,000 | -5.71% | Price Down |
| 6/10/2025 | $1,750,000 | | Listed Price |