Seller's Agent in 2022
Michael Phillips
Compass RE
(609) 412-4826
2 in this area
75 Total Sales
1011 S 47th St Philadelphia, PA 19143
Cedar Park NeighborhoodEstimated Value: $696,000 - $774,000
--
Bed
4
Baths
2,958
Sq Ft
$250/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- 3-minute walk to Chester Avenue And 48Th Street
- Radiator
- Penn Alexander School Rated A-
About This Home
As of December 2022Fantastic investment opportunity to own a rare quadruplex in the West Philly's Cedar Park! Excellent for an investor looking to cash flow day 1 with plenty of long term upside. Also perfect for an owner occupant who wants to live in one unit and collect rent to cover their living costs. This property is under the FHA limit for 4 units. In place cap rate over 7.5%! The building and units are recently updated and include a huge shared basement and backyard space. First floor unit is a 3 bedroom and 1 bathroom unit with a wrap around porch. Second floor consists of a spacious 1 bedroom and a studio, each original hardwood floors and plentiful windows for natural light. The third floor unit is an updated 2 bedroom with new flooring and paint throughout and an opportunity to increase rent. The roof is newly updated and there is a new shared washer and dryer in the basement! Three units are occupied with quality leases and 1 is vacant, all with the opportunity for increased rents in the future. Highly desirable and picturesque block close to University of Pennsylvania, Clark Park, and University of the Sciences. Steps from popular neighborhood restaurants, bars and shopping on Baltimore Ave and easy access to Center City and the rest of Philadelphia through the nearby trolley stops, bus routes and main throughways to downtown.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,328
Year Built
- Built in 1900
Lot Details
- 3,163 Sq Ft Lot
- Lot Dimensions are 28.00 x 115.00
Parking
- On-Street Parking
Home Design
- Quadruplex
- Traditional Architecture
- Victorian Architecture
- Masonry
Interior Spaces
- Unfinished Basement
- Sump Pump
Utilities
- Window Unit Cooling System
- Radiator
- Heating System Uses Oil
- Natural Gas Water Heater
Community Details
- 4 Units
- 1 Vacant Unit
Listing and Financial Details
- Tax Lot 134
- Assessor Parcel Number 461196800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2022
Closed on
Dec 30, 2022
Sold by
1011 S 47Th Street Llc
Bought by
Brahimi Dritan and Brahimi Mimoza
Seller's Agent
Michael Phillips
Compass RE
Buyer's Agent
Fatjon Brahimi
KW Empower
List Price
$725,000
Sold Price
$660,000
Premium/Discount to List
-$65,000
-8.97%
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,618
Avg. Annual Appreciation
4.10%
Original Mortgage
$462,000
Outstanding Balance
$448,272
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$286,790
Purchase Details
Listed on
May 7, 2021
Closed on
Dec 28, 2021
Sold by
Diana Kelebay
Bought by
1011 South 47Th Street Llc
Seller's Agent
Andrew Marson
KW Empower
Buyer's Agent
Michael Phillips
Compass RE
List Price
$749,000
Sold Price
$575,000
Premium/Discount to List
-$174,000
-23.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.78%
Original Mortgage
$488,750
Interest Rate
3.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 19, 1983
Bought by
Kelebay Maria
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brahimi Dritan | $660,000 | Statewide Abstract Group | |
| 1011 South 47Th Street Llc | $575,000 | First American Title | |
| Kelebay Maria | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brahimi Dritan | $462,000 | |
| Previous Owner | 1011 South 47Th Street Llc | $488,750 | |
| Previous Owner | Kelebay Maria | $200,000 | |
| Previous Owner | Kelebay Maria | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/30/2022 12/30/22 | Sold | $660,000 | -5.7% | $223 / Sq Ft |
| 10/12/2022 10/12/22 | Price Changed | $699,900 | -3.5% | $237 / Sq Ft |
| 09/15/2022 09/15/22 | For Sale | $725,000 | +26.1% | $245 / Sq Ft |
| 12/29/2021 12/29/21 | Sold | $575,000 | -12.7% | $194 / Sq Ft |
| 11/12/2021 11/12/21 | Pending | -- | -- | -- |
| 09/29/2021 09/29/21 | Price Changed | $659,000 | -5.7% | $223 / Sq Ft |
| 08/24/2021 08/24/21 | Price Changed | $699,000 | -2.9% | $236 / Sq Ft |
| 07/06/2021 07/06/21 | Price Changed | $719,900 | -3.9% | $243 / Sq Ft |
| 05/07/2021 05/07/21 | For Sale | $749,000 | -- | $253 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,329 | $753,700 | $150,740 | $602,960 |
| 2024 | $6,329 | $753,700 | $150,740 | $602,960 |
| 2023 | $6,329 | $452,100 | $90,420 | $361,680 |
| 2022 | $6,086 | $452,100 | $90,420 | $361,680 |
| 2021 | $6,086 | $0 | $0 | $0 |
| 2020 | $6,086 | $0 | $0 | $0 |
| 2019 | $5,858 | $0 | $0 | $0 |
| 2018 | $4,696 | $0 | $0 | $0 |
| 2017 | $4,696 | $0 | $0 | $0 |
| 2016 | $4,696 | $0 | $0 | $0 |
| 2015 | $4,496 | $0 | $0 | $0 |
| 2014 | -- | $335,500 | $82,085 | $253,415 |
| 2012 | -- | $26,208 | $8,596 | $17,612 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Phillips
-
Kelly Widman
Seller Co-Listing Agent in 2022
Kelly Widman
Compass RE
(910) 547-3438
1 in this area
4 Total Sales
-
Fatjon Brahimi
Buyer's Agent in 2022
Fatjon Brahimi
KW Empower
(267) 401-5620
1 in this area
10 Total Sales
-
Andrew Marson
Seller's Agent in 2021
Andrew Marson
KW Empower
(215) 809-3338
1 in this area
25 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2158108
APN: 461196800
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