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I.M. Pei Gets a $10K Chop, Poor Guy

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In 1963, starchitect I.M. Pei completed the Society Hill Towers, those soaring 32-story concrete monoliths near Dock Street. Nowadays the buildings' proximity to the Ritz movie theaters and Michael Solomonov's blockbuster restaurant Zahav are solid perks, and the condominium owners' association—which has total control of the building—is active and welcoming. But is owning one of the 624 units in one of the Towers' three buildings worth it? Some of the amenities that residents have to pay for—like access to a fitness room, bike storage and use of a community room—are increasingly provided for free in other buildings. And it's hard to get excited about the "15,000 square-foot shopping plaza" considering it's actually just a few nearby businesses: a nail salon, a speech therapist, a dry cleaner, a food market, and a realtor's office.

On the flip side, this apartment underwent a $10,000 price chop last week after less than a month on the market, which may mean there's more wiggle room in the price. It is reasonably priced given the stellar location, and it seems to get nice light. If you're all about location, this condo can't be beat.

Size: 2 beds, 1 bath, 1,131 square feet
Included: Utilities, basic cable
Price: $349,900
· Listing: 200 Locust Street, #9A [Prudential Fox Roach/Center City-Society Hill]