NOT LISTED FOR SALE

1021 Pine St Philadelphia, PA 19107

Washington Square West Neighborhood

Estimated Value: $772,000 - $825,000

-- Bed
-- Bath
2,081 Sq Ft
$382/Sq Ft Est. Value

Last Sold August 27, 2024

Last sale price $780,000 $375 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,805/month

10 Days on Market

Highlights

  • Central Air
  • 5-minute walk to 9Th-10Th & Locust St
  • 1-minute walk to Kahn Park
  • Hot Water Heating System

About This Home

As of August 2024

This charming 4-story brick-front quadraplex is nestled in a highly sought after section in Center City Philadelphia. A lucrative opportunity for investors; this property has long-term tenants in place giving you immediate income producing units. All units have access to a communal courtyard either enjoyed by balcony or direct access from the units. There is coin-operated laundry located in the building for the tenant's added convenience. Located in historic Washington Square West, your tenants will enjoy being surrounded by cultural attractions, award-winning restaurants, and the vibrant energy of city living. Contact the listing agent to schedule a tour and for any financial information.

Last Agent to Sell the Property

JB Reibstein

(610) 504-5049 jbreibstein@coventrycre.com Coventry Commercial Real Estate, LLC Listed on: 07/02/2024

Last Buyer's Agent

Denise Frazier

(215) 421-3362 denise@gnr-group.com Elite Level Realty License #AB067937

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,242

Year Built

  • Built in 1930

Lot Details

  • 960 Sq Ft Lot
  • Lot Dimensions are 15.00 x 64.00
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • 2,081 Sq Ft Home
  • Quadruplex
  • Masonry

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry

Utilities

  • Central Air
  • Hot Water Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 64
  • Assessor Parcel Number 053019700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,242

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: Yes
  • Remarks Public: This charming 4-story brick-front quadraplex is nestled in a highly sought after section in Center City Philadelphia. A lucrative opportunity for investors; this property has long-term tenants in place giving you immediate income producing units. All units have access to a communal courtyard either enjoyed by balcony or direct access from the units. There is coin-operated laundry located in the building for the tenant's added convenience. Located in historic Washington Square West, your tenants will enjoy being surrounded by cultural attractions, award-winning restaurants, and the vibrant energy of city living. Contact the listing agent to schedule a tour and for any financial information.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Partial, Outside Entrance, Unfinished
  • Total Sq Ft: 2081
  • Living Area Sq Ft: 2081
  • Price Per Sq Ft: 383.95
  • Above Grade Finished Sq Ft: 2081
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1021

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: Yes
  • Cooling Type: Central A/C
  • Heating Type: Hot Water
  • Heating: Yes
  • 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

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15.00 x 64.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 960.00
  • Property Condition: Good
  • Year Assessed: 2023
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Yearly
  • Total Actual Rent: 66540.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 3974.00
  • Tax Annual Amount: 7242.00
  • Assessor Parcel Number: 053019700
  • Tax Lot: 64
  • Tax Total Finished Sq Ft: 2081
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/27/2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Aug 23, 2024
Sold by
Reibstein Saul V
Bought by
Philadelphia Lotus 22 Llc
Seller's Agent
JB Reibstein
Coventry Commercial Real Estate, LLC
Buyer's Agent
Denise Frazier
Elite Level Realty
List Price
$799,000
Sold Price
$780,000
Premium/Discount to List
-$19,000
-2.38%
Views
6
Current Estimated Value
$795,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,571
Avg. Annual Appreciation
1.86%
Original Mortgage
$1,275,000
Outstanding Balance
$1,262,627
Interest Rate
6.77%
Mortgage Type
Construction
Estimated Equity
-$467,056

Purchase Details

Closed on
Nov 21, 2003
Sold by
Greenzang Michael A and Jekogian Nicholas W
Bought by
Reibstein Saul V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Greenzang Michael A and Jekogian Nicholas W

Purchase Details

Closed on
Jun 5, 1995
Sold by
Green John D
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

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Average Value
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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
Philadelphia Lotus 22 Llc $780,000 None Listed On Document
Philadelphia Lotus 22 Llc $780,000 None Listed On Document
Reibstein Saul V $420,000 Commonwealth Land Title Insu
Greenzang Michael A $141,750 --
Federal Home Loan Mortgage Corporation $8,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Philadelphia Lotus 22 Llc $1,275,000
Closed Philadelphia Lotus 22 Llc $1,275,000
Previous Owner Reibstein Saul V $500,000
Previous Owner Reibstein Saul $473,000
Previous Owner Reibstein Saul $507,500
Previous Owner Reibstein Saul $426,000
Previous Owner Reibstein Saul V $378,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2024 08/27/24 Sold $780,000 -2.4% $375 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
07/02/2024 07/02/24 For Sale $799,000 -- $384 / 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 $7,243 $750,300 $150,060 $600,240
2024 $7,243 $750,300 $150,060 $600,240
2023 $7,243 $517,400 $103,480 $413,920
2022 $7,073 $517,400 $103,480 $413,920
2021 $7,073 $0 $0 $0
2020 $7,073 $0 $0 $0
2019 $6,845 $0 $0 $0
2018 $5,690 $0 $0 $0
2017 $5,690 $0 $0 $0
2016 $5,690 $0 $0 $0
2015 $5,447 $0 $0 $0
2014 -- $406,500 $59,202 $347,298
2012 -- $42,240 $6,120 $36,120
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    JB Reibstein

    Coventry Commercial Real Estate, LLC

    (610) 504-5049

    1 in this area

    3 Total Sales

    JB Reibstein
    Section Image
  • Denise Frazier

    Buyer's Agent in 2024

    Denise Frazier

    Elite Level Realty

    (215) 421-3362

    1 in this area

    62 Total Sales

    Denise Frazier
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2371932

Bright MLS

APN: 053019700

Pennsylvania Philadelphia County Philadelphia 19107 Washington Square West

1021 Pine St, Philadelphia, PA

This home is located at 1021 Pine St, Philadelphia, PA 19107 since 02 July 2024 and is currently estimated at $795,571, approximately $382 per square foot. This property was built in 1930. 1021 Pine St is a home located in Philadelphia County with nearby schools including General George A McCall Public School, Benjamin Franklin High School, and Independence Charter School.

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