NOT LISTED FOR SALE

1028 Arch St Philadelphia, PA 19107

Center City Market East Neighborhood

Estimated Value: $3,419,883

-- Bed
-- Bath
8,379 Sq Ft
$408/Sq Ft Est. Value

Last Sold April 16, 2018

Last sale price $3,150,000 $376 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $20,905/month

209 Days on Market

Highlights

  • No HOA
  • 2-minute walk to 11Th Street
  • Hot Water Heating System
  • Cooling System Mounted In Outer Wall Opening
  • En-Suite Primary Bedroom

About This Home

As of April 2018

Located in fast growing Chinatown. This amazing three unit building has a lot to offer a potential buyer/builder. Yes this property has special zoning for a potential builder with an eye for the future. The first floor has a restaurant which will give you instant cash flow from the moment you purchase this property. The second a third floors which are identical separate units and the rest could be left to the imagination. This is a must see in Chinatown.

Last Agent to Sell the Property

Michael Kukowski

Keller Williams Prime Realty Listed on: 07/26/2017

Last Buyer's Agent

Tao Yun

Acre Real Estate Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,118

Year Built

  • Built in 1925

Lot Details

  • 2,926 Sq Ft Lot
  • Lot Dimensions are 22x133
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • 8,379 Sq Ft Home
  • Elevator
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Air
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 69
  • Assessor Parcel Number 871060850

Community Details

Overview

  • No Home Owners Association
  • Chinatown Subdivision

Building Details

  • Operating Expense $15,118

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,118

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: Elevator, Store/Office
  • Fireplace: No
  • Entry Location: Common
  • Foundation Details: Concrete Perimeter
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Hookup
  • Total Sq Ft: 8379
  • Living Area Sq Ft: 8379
  • Price Per Sq Ft: 417.71
  • Above Grade Finished Sq Ft: 8379
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1028

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Stone
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Land Use Code: Y50
  • Lot Size Acres: 0.07
  • Lot Dimensions: 22X133
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2926.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: CMX5

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Tax Annual Amount: 15118.00
  • Assessor Parcel Number: 871060850
  • Tax Lot: 69
  • Tax Year: 2018
  • Close Date: 04/16/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2025
Sold by
Arch Business Services Llc
Bought by
Simon And Kenny Llc
Current Estimated Value
$3,419,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,125,000
Outstanding Balance
$4,125,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$682,003

Purchase Details

Closed on
Nov 17, 2023
Sold by
1028 Arch Lp
Bought by
Arch Business Services Llc

Purchase Details

Listed on
Jul 26, 2017
Closed on
Apr 30, 2018
Sold by
Shick Mung Tse and Shick Helen Y
Bought by
1028 Arch L P
Seller's Agent
Michael Kukowski
Keller Williams Prime Realty
Buyer's Agent
Tao Yun
Acre Real Estate Group LLC
List Price
$4,000,000
Sold Price
$3,150,000
Premium/Discount to List
-$850,000
-21.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%

Purchase Details

Closed on
Aug 20, 2016
Sold by
Shick Robert
Bought by
Shick Su Yuan

Purchase Details

Closed on
Jul 23, 2016
Sold by
Shick Su Yuan
Bought by
Shick Robert

Purchase Details

Closed on
Jun 24, 2016
Sold by
Shick Eng Tan
Bought by
Shick Su Yuan

Purchase Details

Closed on
Jun 30, 1981
Bought by
Shick Eng Tang and Mung Tse
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
Simon And Kenny Llc $5,500,000 None Listed On Document
Arch Business Services Llc -- None Listed On Document
1028 Arch L P $3,150,000 None Available
Shick Su Yuan -- None Available
Shick Robert -- None Available
Shick Su Yuan -- None Available
Shick Eng Tang $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simon And Kenny Llc $4,125,000
Previous Owner 1028 Arch Lp $2,450,000
Previous Owner 1028 Arch Lp $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2018 04/16/18 Sold $3,150,000 -10.0% $376 / Sq Ft
02/20/2018 02/20/18 Pending -- -- --
08/28/2017 08/28/17 Price Changed $3,500,000 -12.5% $418 / Sq Ft
07/26/2017 07/26/17 For Sale $4,000,000 -- $477 / 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 $28,983 $2,059,600 $411,920 $1,647,680
2024 $28,983 $2,059,600 $411,920 $1,647,680
2023 $28,983 $2,070,500 $414,100 $1,656,400
2022 $26,389 $2,070,500 $414,100 $1,656,400
2021 $15,118 $0 $0 $0
2020 $15,118 $0 $0 $0
2019 $15,118 $0 $0 $0
2018 $15,118 $0 $0 $0
2017 $15,118 $0 $0 $0
2016 $15,118 $0 $0 $0
2015 $14,472 $0 $0 $0
2014 -- $1,536,200 $365,800 $1,170,400
2012 -- $115,200 $48,257 $66,943
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Michael Kukowski

    Keller Williams Prime Realty

    Section Image
  • Tao Yun

    Buyer's Agent in 2018

    Tao Yun

    Acre Real Estate Group LLC

    (267) 934-8345

    4 Total Sales

    Tao Yun
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000309275

Bright MLS

APN: 871060850

Pennsylvania Philadelphia County Philadelphia 19107 Center City Market East

1028 Arch St, Philadelphia, PA

This home is located at 1028 Arch St, Philadelphia, PA 19107 since 26 July 2017 and is currently estimated at $3,419,883, approximately $408 per square foot. This property was built in 1925. 1028 Arch St is a home located in Philadelphia County with nearby schools including General George A McCall Public School, Benjamin Franklin High School, and Folk Arts-Cultural Treasures Charter School.

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