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306 Cherry St Rear 1R, Philadelphia, PA, 19106

2beds
1baths
993sqft
$415,000
$418price/sqft
$2,989/moest. monthly cost
$119,560/yrincome needed

About This Home

Welcome to 306 Cherry Street, Unit 1R, a rare opportunity to own a first-floor residence tucked away in a peaceful courtyard setting on one of Old City’s most charming tree-lined blocks. Offering the ease of single-level living with the feel of a private townhouse, this light-filled two-bedroom, one-bath condominium enjoys its own entrance through elegant double doors that open to a welcoming foyer with custom built-ins. Beyond, the expansive open-concept living, dining, and kitchen spaces flow seamlessly together, creating an ideal layout for both everyday living and effortless entertaining. The kitchen features updated appliances, abundant storage, and a generous breakfast bar that serves as the heart of the home. Thoughtfully positioned down a private hallway, the sleeping bedrooms provide a quiet retreat from the main living areas. The spacious primary bedroom boasts an impressive walk-in closet, while the second bedroom offers flexibility as a guest room, home office, or den. The recently renovated bathroom showcases a large tiled shower, updated flooring, and a stylish vanity. Meticulously maintained throughout, the home also benefits from newer windows, updated electrical, fresh paint, and a recently installed HVAC system. Set back from the street in a serene courtyard, this hidden oasis offers exceptional privacy while placing you just steps from Old City’s renowned restaurants, boutiques, galleries, historic landmarks, and waterfront attractions. With low condo fees and true first-floor convenience, this is city living at its most comfortable and accessible. Private, turnkey, and ideally located, 306 Cherry Street, Unit 1R is a special place to call home.

Getting Around

98
WalkingWalker's Paradise
100
TransitRider's Paradise
85
BikeVery Bikeable

Schools

10/10
2/10

Construction

Condition

  • Year built: 1900

Materials

  • Construction materials: Masonry

Type & Style

  • Home type: Condo
  • Architectural style: Traditional
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Electric Water Heater
  • Laundry features: In Unit

Basement

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 993

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 993
  • Total interior livable area: 993 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 888049106
  • Attached to another structure: Yes
  • Zoning: CMX3
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 993 sqft
  • Lot size dimensions: 993.00 x 1.00

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Winter Weather
Tsunami

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,098$25,176
Home Insurance *$374$4,488
Property Taxes $293$3,516
Electricity $224$2,692
Total$2,989$35,868
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$102,480/yr
40% on housing$89,670/yr
45% on housing$79,706/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.5%
5.5%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$418This listing

vs Other Active Listings

Avg $/sqft

ZIP 19106$354
Philadelphia County$162

vs Homes Sold Last Month

Median $/sqft

ZIP 19106$210
Philadelphia County$236

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-15Listed for sale$415,000
2024-04-27Listing removed--
2024-04-25Listed for rent$2,750
2019-06-28Sold$362,000
2018-06-22Listing removed$2,200
2018-05-29Price change$2,200
2018-04-02Listed for rent$2,400

For Sale by Agent

AgentElizabeth Convery
BrokerageCompass RE

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