NOT LISTED FOR SALE

1007 S Farragut St Philadelphia, PA 19143

Cedar Park Neighborhood

Estimated Value: $687,000 - $855,000

-- Bed
3 Baths
3,000 Sq Ft
$258/Sq Ft Est. Value

Last Sold July 28, 2020

Last sale price $615,000 $205 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,710/month

106 Days on Market

Highlights

  • Traditional Architecture
  • 3-minute walk to Baltimore Avenue And 45Th Street
  • Electric Baseboard Heater
  • Penn Alexander School Rated A-
  • No HOA
  • 5-minute walk to Clark Park

About This Home

As of July 2020

This is an extremely rare opportunity to own a fully renovated triplex in the Penn Alexander Catchment! Located on a beautiful tree-lined block, close to University of Pennsylvania, University of the Sciences, and Drexel, this property features three large sunny units, comprised of (2) two-bedroom units and (1) one-bedroom unit. The building is currently fully occupied, with two of the units currently on month-to-month leases, which affords potential owner occupants the possibility of using one of the units as their residence and letting the other units cover the mortgage. It's also great for an investor to buy and start collecting rent right away. The units are all very large, with modern kitchens and baths and energy efficient windows, and the property features a newer roof, siding, flooring, plumbing, and fire alarm system. Utilities are all separate- and all electric (which means minimal hassle for the landlord)- and there are coin-operated laundry facilities in the gigantic unfinished basement (which offers additional potential for storage, etc.). To coordinate with our tenants, a minimum of 24 hours notice is needed in order to show this property, but be sure to call today- you won't want to miss this one!

Last Agent to Sell the Property

Rachel Street

Compass RE Listed on: 02/19/2020

Compass RE

Last Buyer's Agent

Rachel Street

Compass RE Listed on: 02/19/2020

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,635

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 25.00 x 80.00

Parking

  • On-Street Parking

Home Design

  • 3,000 Sq Ft Home
  • Triplex
  • Traditional Architecture
  • Masonry

Schools

  • Penn Alexander Middle School
  • West Philadelphia High School

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • The owner pays for water, trash collection, sewer, real estate taxes, snow removal, insurance, common area maintenance
  • Tax Lot 101
  • Assessor Parcel Number 461187000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Income includes apartment rentals

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,635

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Appliances in units
  • New Construction: No
  • Remarks Public: This is an extremely rare opportunity to own a fully renovated triplex in the Penn Alexander Catchment! Located on a beautiful tree-lined block, close to University of Pennsylvania, University of the Sciences, and Drexel, this property features three large sunny units, comprised of (2) two-bedroom units and (1) one-bedroom unit. The building is currently fully occupied, with two of the units currently on month-to-month leases, which affords potential owner occupants the possibility of using one of the units as their residence and letting the other units cover the mortgage. It's also great for an investor to buy and start collecting rent right away. The units are all very large, with modern kitchens and baths and energy efficient windows, and the property features a newer roof, siding, flooring, plumbing, and fire alarm system. Utilities are all separate- and all electric (which means minimal hassle for the landlord)- and there are coin-operated laundry facilities in the gigantic unfinished basement (which offers additional potential for storage, etc.). To coordinate with our tenants, a minimum of 24 hours notice is needed in order to show this property, but be sure to call today- you won't want to miss this one!
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 233.00
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1007

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Middle School: PENN ALEXANDER
  • High School: WEST PHILADELPHIA
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397108
  • School District Source: Listing Agent
  • High School: WEST PHILADELPHIA
  • Middle Or Junior School: PENN ALEXANDER

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 469044.00
  • Land Assessed Value: 76356.00
  • Land Use Code: N50
  • Lot Size Acres: 0.05
  • Lot Dimensions: 25.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2000.00
  • Year Assessed: 2020
  • Zoning: RSA3

Rental Info

  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Owner Pays: Water, Trash Collection, Sewer, Taxes - Real Estate, Snow Removal, Insurance, Common Area Maintenance
  • Rent Control: No
  • Total Actual Rent: 46380.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1215784
  • School Tax: 4189.00
  • Tax Annual Amount: 7635.00
  • Assessor Parcel Number: 461187000
  • Tax Lot: 101
  • Tax Total Finished Sq Ft: 3000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/28/2020

Multi Family

  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2021
Sold by
Moor Ahmed Atia
Bought by
Moor Ahmed Atia and Pylvainen Helena
Current Estimated Value
$768,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2021
Sold by
Moor Ahmed Atia and Artis Dennis Paul
Bought by
Moor Ahmed Atia

Purchase Details

Listed on
Feb 19, 2020
Closed on
Jul 26, 2020
Sold by
Rincon Ramon F and Rincon Andrea L
Bought by
Moor Ahmed Atia and Artis Dennis Paul
Seller's Agent
Rachel Street
Compass RE
Buyer's Agent
Rachel Street
Compass RE
List Price
$699,000
Sold Price
$615,000
Premium/Discount to List
-$84,000
-12.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%
Original Mortgage
$461,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 20, 2012
Closed on
Jan 31, 2013
Sold by
Malik Mccoy Monifa A and Malik Amin
Bought by
Rincon Ramon F and Rincon Andrea L
Seller's Agent
Aisha Amin
BHHS Fox & Roach-Gladwyne
Buyer's Agent
Bill Sims
Coldwell Banker Hearthside Realtors
List Price
$475,000
Sold Price
$440,000
Premium/Discount to List
-$35,000
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.57%
Original Mortgage
$424,600
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 2009
Sold by
Mccoy Monifa and Amin Mccoy Aisha
Bought by
Malik Mccoy Monifa A and Malik Amin
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Moor Ahmed Atia -- Tohickon Abstract
Moor Ahmed Atia -- Choice One Abstract Inc
Moor Ahmed Atia $615,000 Choice One Abstract Inc
Rincon Ramon F $440,000 None Available
Malik Mccoy Monifa A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moor Ahmed Atia $86,000
Previous Owner Moor Ahmed Atia $450,000
Previous Owner Moor Ahmed Atia $461,250
Previous Owner Rincon Ramon F $408,000
Previous Owner Rincon Rarnon F $412,359
Previous Owner Rincon Ramon F $424,600
Previous Owner Mccoy Monifa A $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2020 07/28/20 Sold $615,000 -12.0% $205 / Sq Ft
06/04/2020 06/04/20 Pending -- -- --
02/19/2020 02/19/20 For Sale $699,000 +58.9% $233 / Sq Ft
01/31/2013 01/31/13 Sold $440,000 -7.4% $147 / Sq Ft
11/11/2012 11/11/12 Pending -- -- --
09/20/2012 09/20/12 For Sale $475,000 -- $158 / 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 $6,036 $702,100 $140,420 $561,680
2024 $6,036 $702,100 $140,420 $561,680
2023 $6,036 $431,200 $86,240 $344,960
2022 $7,635 $431,200 $86,240 $344,960
2021 $7,635 $0 $0 $0
2020 $7,635 $545,400 $76,356 $469,044
2019 $7,349 $0 $0 $0
2018 $6,144 $0 $0 $0
2017 $6,299 $0 $0 $0
2016 $6,144 $0 $0 $0
2015 $5,404 $0 $0 $0
2014 -- $403,300 $55,000 $348,300
2012 -- $24,704 $4,283 $20,421
Source: Public Records

Agents Affiliated with this Home

  • Rachel Street

    Seller's Agent in 2020

    Rachel Street

    Compass RE

    (267) 357-1334

    158 Total Sales

    Section Image

  • A

    Seller's Agent in 2013

    Aisha Amin

    BHHS Fox & Roach

    Section Image

  • B

    Buyer's Agent in 2013

    Bill Sims

    Coldwell Banker Hearthside Realtors

    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH873530

Bright MLS

APN: 461187000

Pennsylvania Philadelphia County Philadelphia 19143 Cedar Park

1007 S Farragut St, Philadelphia, PA

This home is located at 1007 S Farragut St, Philadelphia, PA 19143 since 19 February 2020 and is currently estimated at $775,407, approximately $258 per square foot. 1007 S Farragut St is a home located in Philadelphia County with nearby schools including Penn Alexander School, West Philadelphia High School, and Saint Francis de Sales School.

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