NOT LISTED FOR SALE

10022 Verree Rd Philadelphia, PA 19116

Somerton Neighborhood

Estimated Value: $366,000 - $517,000

-- Bed
-- Bath
1,846 Sq Ft
$240/Sq Ft Est. Value

Last Sold April 25, 2022

Last sale price $400,000 $217 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,669/month

About This Home

As of April 2022

Excellent opportunity to own a duplex in the prime location of northeast Philadelphia! The average rental amounts per 2 bedroom units in this area is $1350/month. This amazing twin duplex with private entrances has been well-maintained and well-cared for by the current owner. 1st floor unit includes: living room, dining room, kitchen, 2 bedrooms,1 full bath and laundry room. 2nd floor unit includes: living room, dining room, kitchen, 2 bedrooms,1 full bath and laundry room. The property has a private back yard and driveway parking for your convenience. Both units are currently occupied with one tenant being on a month to month lease and the other being on a 1 year lease that ends March 31st. Live in one unit and rent out the other or take advantage of renting out both units. This neighborhood is highly sought after, don't miss out on this opportunity! The average rental amounts per 2 bedroom units in this area is $1350/month.

Last Agent to Sell the Property

Lew Esposito

(610) 470-1475 lewesposito@yahoo.com RE/MAX Preferred - Newtown Square License #RS0039122 Listed on: 03/10/2022

RE/MAX Preferred - Newtown Square

Last Buyer's Agent

Katie Marino

(484) 485-2729 katie.marino@compass.com Compass RE License #RS360387

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,008

Year Built

  • Built in 1966

Lot Details

  • 2,841 Sq Ft Lot
  • Lot Dimensions are 28.00 x 100.00

Home Design

  • 1,846 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Brick Foundation
  • Masonry

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Net Operating Income $27,320

Listing and Financial Details

  • Tax Lot 540
  • Assessor Parcel Number 582515600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,008

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenant's personal property and Washer and Dryer in 2nd unit
  • Inclusions: Both Refrigerators and the Washer and Dryer in 1st unit
  • New Construction: No
  • Year Built: 1966
  • Automatically Close On Close Date: No
  • Remarks Public: Excellent opportunity to own a duplex in the prime location of northeast Philadelphia! The average rental amounts per 2 bedroom units in this area is $1350/month. This amazing twin duplex with private entrances has been well-maintained and well-cared for by the current owner. 1st floor unit includes: living room, dining room, kitchen, 2 bedrooms,1 full bath and laundry room. 2nd floor unit includes: living room, dining room, kitchen, 2 bedrooms,1 full bath and laundry room. The property has a private back yard and driveway parking for your convenience. Both units are currently occupied with one tenant being on a month to month lease and the other being on a 1 year lease that ends March 31st. Live in one unit and rent out the other or take advantage of renting out both units. This neighborhood is highly sought after, don't miss out on this opportunity! The average rental amounts per 2 bedroom units in this area is $1350/month.
  • Special Features: None

Interior Features

  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 1846
  • Living Area Sq Ft: 1846
  • Price Per Sq Ft: 211.21
  • Above Grade Finished Sq Ft: 1846
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 10022

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 150430.00
  • Land Assessed Value: 64470.00
  • Land Use Code: W31
  • Lot Size Acres: 0.07
  • Lot Dimensions: 28.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2841.00
  • Year Assessed: 2022
  • Zoning: RTA1

Rental Info

  • Existing Lease Type: Month To Month
  • Total Actual Rent: 32400.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1313376
  • School Tax: 1650.00
  • Tax Annual Amount: 3008.00
  • Assessor Parcel Number: 582515600
  • Tax Lot: 540
  • Tax Total Finished Sq Ft: 1846
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/25/2022

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2022 04/25/22 Sold $400,000 +2.6% $217 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/10/2022 03/10/22 For Sale $389,900 -- $211 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,459 $379,200 $75,840 $303,360
2024 $3,459 $379,200 $75,840 $303,360
2023 $3,459 $247,100 $49,420 $197,680
2022 $3,008 $247,100 $49,420 $197,680
2021 $3,008 $0 $0 $0
2020 $3,008 $0 $0 $0
2019 $2,832 $0 $0 $0
2018 $2,507 $0 $0 $0
2017 $2,507 $0 $0 $0
2016 $2,507 $0 $0 $0
2015 $2,400 $0 $0 $0
2014 -- $179,100 $63,605 $115,495
2012 -- $21,408 $2,596 $18,812
Source: Public Records

Agents Affiliated with this Home

  • Lew Esposito

    Seller's Agent in 2022

    Lew Esposito

    RE/MAX

    (610) 470-1475

    1 in this area

    193 Total Sales

    Lew Esposito
    Section Image
  • Katie Marino

    Buyer's Agent in 2022

    Katie Marino

    Compass RE

    (484) 485-2729

    3 in this area

    86 Total Sales

    Katie Marino
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2092374

Bright MLS

APN: 582515600

Pennsylvania Philadelphia County Philadelphia 19116 Somerton

10022 Verree Rd, Philadelphia, PA

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