NewFind your real estate agent style: take the assessment
NookLocal
For Sale

Listing description

Rarely available in the heart of Rittenhouse Square, Residence 4 at 262 South 16th Street delivers the privacy of entire-floor living in approximately 2,000 square feet of single-level space. Set within an intimate seven-residence boutique condominium, this home offers two bedrooms, two full bathrooms, and a home office/den flexible enough for overnight guests — all steps from the best of Center City. Arrive via direct elevator access, where a dramatic atrium green wall greets you at the entry gallery. Centrally positioned, the gallery transitions naturally from entertaining spaces to the bedroom wing. The living and dining areas are built for effortless entertaining, washed in natural light through six east-facing floor-to-ceiling windows. The dining area seats eight comfortably, and the open layout works equally well for intimate nights in or larger gatherings. The kitchen is the architectural centerpiece of the home: custom cabinetry, extensive pantry storage, a statement island, and premium appliances — including a French door oven and externally vented hood — combine timeless design with real functionality, whether you're cooking for two or hosting a crowd. Tucked away from the entertaining spaces, the primary suite is a serene retreat. A Juliet balcony overlooks mature trees and greenery, while a custom walk-in closet offers exceptional storage. The spa-inspired en suite features dual vanities, a massive glass-enclosed shower, floor-to-ceiling tile, and a private water closet. The second bedroom offers comfort and privacy for family or guests, with a full bath just down the hall. A separate den — currently a home office — adds flexibility and can convert to a third bedroom if needed. Additional highlights: a dedicated laundry room, custom-outfitted closets, hardwood floors throughout, and a private lower-level storage room (9' x 7'). Just steps from Philadelphia's finest restaurants, cafés, boutiques, and Rittenhouse Square itself, this residence strikes a rare balance of sophisticated design, everyday convenience, and true lock-and-leave luxury. Built roughly five years ago, 262 S 16th St offers private elevator access, a common-area rooftop terrace, cold storage, and remarkably low HOA fees ($794). Bonus: approximately five years remain on the full 10-year tax abatement. Seller is offering a credit for 1 years worth of pre-paid parking at time of settlement in the Latimer Street garage just around the corner * Exterior photos are virtually staged

Facts & features

Interior

Bedrooms
3
Bathrooms
2 full
Living area
2,000 sq ft
Heating
Forced Air
Cooling
Central A/C

Property & construction

Property type
Residential · Unit/Flat/Apartment
Architectural style
Other
Year built
2020

Lot & parking

Garage
1 space

Financial

Price / sq ft
$738
HOA dues
$794/mo

Listing details

MLS #
PAPH2633528
County
Philadelphia County
School district
Philadelphia City
Days on NookLocal
4 days

Interior features

Appliances
Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Oven - Double, Oven - Wall, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Six Burner Stove, and 1 more
Flooring
Engineered Wood
Laundry
Dryer In Unit, Main Floor, Washer In Unit
Levels
1
Accessibility
Elevator

Exterior & construction

Construction
Other
Patio & porch
Roof

Systems & utilities

Heating fuel
Natural Gas
Cooling fuel
Natural Gas
Hot water
Natural Gas
Water source
Public
Sewer
Public Sewer

Parking

Parking
Parking Garage
Garage type
Other
Total spaces
1

Community

Subdivision
RITTENHOUSE SQUARE
HOA amenities
Elevator
HOA includes
Common Area Maintenance, Insurance, Management

Lot & zoning

Lot dimensions
0.00 x 0.00
Zoning
CMX3
Cross street
Spruce

Included in the sale

Inclusions
Light fixtures, appliances, window treatments
Possession
Negotiable

Price history

DateEventPrice
Sep 14, 2026Listed for sale$1,475,000

Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.

The NookLocal estimate

Estimated value

$1,364,000

Automated estimate, not an appraisal. Sale records through July 2026.

About this estimate

Based on 10 comparable sales nearby, the Philadelphia County assessment ratio, and this home's own June 2026 sale grown with the local market, weighted toward the current asking price.

Last sold
June 2026 for $1,199,500
About $1,199,500 in today's market
Current list price
$1,475,000
County assessment implies
$222,069

Comparable Sales

AddressClosedSale priceBd/BaSqftAdjusted value
50 S 16TH ST #4410, PHILADELPHIA, PA 19102August 2026$1,075,0003/21,900$1,178,872
1821 CARPENTER ST #A, PHILADELPHIA, PA 19146August 2026$424,0002/22,001$302,918
1737 CHESTNUT ST #600, PHILADELPHIA, PA 19103August 2026$775,0002/21,950$637,447
1228-32 ARCH ST #8E, PHILADELPHIA, PA 19107September 2026$1,125,0002/22,130$1,019,081
1237 N 5TH ST #2, PHILADELPHIA, PA 19122August 2026$475,0003/31,889$388,389
717 S COLUMBUS BLVD #1416, PHILADELPHIA, PA 19147September 2026$1,025,0003/21,957$805,926

Sale history

DateEventPrice
June 2026Sold$1,199,500
June 2024Sold$1,150,000
June 2022Sold$1,600,000
February 2022Sold$950,000
October 2021Sold$1,575,000
October 2021Sold$1,575,000
September 2021Sold$1,450,000
August 2021Sold$1,400,000

From closed MLS and county deed records. Earlier transactions may exist.

Estimated taxes

Recorded property taxes: $2,932 (2025 bill as recorded in the MLS).

Estimated monthly payment calculator

$295,000 (20%)
6.43%

Loan term

Estimated monthly payment

$8,873/mo

Principal & interest
$7,404
Property taxes
$244
Home insurance (est.)
$430
HOA
$794

Taxes use the amount recorded on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.

Area statistics

School district

Philadelphia City

2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.

Safety data

Philadelphia County crime & safety numbers →

County figures from FBI and Pennsylvania source data.

Property taxes

Philadelphia County taxes, explained →

Millage, the Common Level Ratio, and what changes after you buy.

© BRIGHT, All Rights Reserved

Information Deemed Reliable But Not Guaranteed

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.

IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Data last updated: September 17, 2026 at 8:19 PM EDT

Need an agent who gets you?

Our co-founder Carmen does a 1-on-1 needs analysis with you, then hand-picks a vetted Philadelphia agent or lender. Free, no obligation. If you work with a partner we introduce, NookLocal may earn a referral fee from their broker.

Get Matched
Request a tour