NOT LISTED FOR SALE

Estimated Value: $428,000 - $460,000

0.03 Acre
$14,800,000 Price per Acre
1,232 Sq Ft Lot

Last Sold September 14, 2022

Last sale price $422,500

Est. 5% increase in value since last sale

Current estimated payment $2,609/month

7 Days on Market

Highlights

  • City View
  • No HOA
  • 3-minute walk to Sacks Playground

About This Lot

As of September 2022

Shovel-ready land in the highly desirable Queen Village submarket of Philadelphia, Pennsylvania. The sale includes two fully permitted lots at 1032 S Randolph and 1031 S Fairhill. The lots have been subdivided into two (2) parcels and approved for the full 10 year tax abatement. All plans and permits included in sale. The future homes will feature 3bd x 2.5ba with 2152 SF spread across 5 living levels: basement, 1st, 2nd, 3rd and rooftop. Home dimensions are roughly 16' x 34' and include a full floor primary suite on the 3rd floor with wet bar and walk-in closets, a guest/children's level on the 2nd floor, an open concept living level on the 1st floor, and finished lower level with powder room. The rooftop terrace will feature 360-degree skyline vistas. These homes will command a premium as the submarket is critically undersupplied with new construction inventory. Designed by KCA Design Associates, a reputable Philly architecture firm.

Last Agent to Sell the Property

Ryan McManus

Keller Williams Liberty Place Listed on: 08/02/2022

Last Buyer's Agent

Richard Cassell

KW Empower License #2322460

KW Empower

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $365

Lot Details

  • 1,232 Sq Ft Lot
  • Lot Dimensions are 16.00 x 77.00
  • 2 Lots in the community
  • SALE INCLUDES 1032 S RANDOLPH AND 1031 S FAIRHILL.
  • On-Hand Building Permits
  • Property is zoned RM1

Additional Features

  • City Views
  • Urban Location

Community Details

  • No Home Owners Association
  • Queen Village Subdivision

Listing and Financial Details

  • Tax Lot 192
  • Assessor Parcel Number 021435105

Property Details

Property Type

Land

Est. Annual Taxes

$365

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Federal Flood Zone: No
  • Automatically Close On Close Date: Yes
  • Remarks Public: Shovel-ready land in the highly desirable Queen Village submarket of Philadelphia, Pennsylvania. The sale includes two fully permitted lots at 1032 S Randolph and 1031 S Fairhill. The lots have been subdivided into two (2) parcels and approved for the full 10 year tax abatement. All plans and permits included in sale. The future homes will feature 3bd x 2.5ba with 2152 SF spread across 5 living levels: basement, 1st, 2nd, 3rd and rooftop. Home dimensions are roughly 16' x 34' and include a full floor primary suite on the 3rd floor with wet bar and walk-in closets, a guest/children's level on the 2nd floor, an open concept living level on the 1st floor, and finished lower level with powder room. The rooftop terrace will feature 360-degree skyline vistas. These homes will command a premium as the submarket is critically undersupplied with new construction inventory. Designed by KCA Design Associates, a reputable Philly architecture firm.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 357.14
  • Street Number Modifier: 1032

Exterior Features

  • Construction Completed: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: SALE INCLUDES 1032 S RANDOLPH AND 1031 S FAIRHILL.
  • Land Use Code: SR
  • Lot Count: 2
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 77.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1232.00
  • Possible Use: Residential
  • Year Assessed: 2022
  • Zoning: RM1
  • Farmland Preservation: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 25287770
  • School Tax: 200.00
  • Tax Annual Amount: 365.00
  • Assessor Parcel Number: 021435105
  • Tax Lot: 192
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 09/14/2022

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2022
Closed on
Sep 12, 2022
Sold by
Randolph Investment Llc
Bought by
Orchid Ventures Llc
Seller's Agent
Ryan McManus
Keller Williams Liberty Place
Buyer's Agent
Richard Cassell
KW Empower
List Price
$440,000
Sold Price
$422,500
Premium/Discount to List
-$17,500
-3.98%
Total Days on Market
7
Views
10
Current Estimated Value
$444,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,500
Avg. Annual Appreciation
2.48%
Original Mortgage
$963,000
Interest Rate
25%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 5, 2021
Sold by
Randolph Investment Llc
Bought by
Randolph Investment Llc

Purchase Details

Closed on
Nov 17, 2020
Sold by
Randolph Investment Llc
Bought by
Randolph Investment Llc

Purchase Details

Closed on
Sep 14, 2018
Sold by
Quick House Buyers Llc
Bought by
Randolph Investments Llc

Purchase Details

Closed on
Jul 23, 2018
Sold by
Ledonne Nicholas R
Bought by
Quick House Llc

Purchase Details

Closed on
Jan 1, 1943
Bought by
Michael Le Donne and Michael Wf
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Orchid Ventures Llc $422,500 None Listed On Document
Randolph Investment Llc -- None Available
Randolph Investment Llc -- None Available
Randolph Investments Llc $306,000 None Available
Quick House Llc $60,000 None Available
Michael Le Donne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Orchid Ventures Llc $963,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2022 09/14/22 Sold $422,500 -4.0% --
08/02/2022 08/02/22 For Sale $440,000 -- --
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 $1,488 $205,600 $205,600 --
2024 $1,488 $205,600 $205,600 --
2023 $2,618 $106,300 $106,300 --
2022 $2,618 $187,000 $187,000 $0
2021 $365 $0 $0 $0
2020 $365 $0 $0 $0
2019 $365 $0 $0 $0
2018 $365 $0 $0 $0
2017 $365 $0 $0 $0
2016 $321 $0 $0 $0
2015 $307 $0 $0 $0
2014 -- $22,900 $22,900 $0
2012 -- $3,712 $3,712 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2145724

Bright MLS

APN: 021435107