NOT LISTED FOR SALE

1042 South St Philadelphia, PA 19147

Hawthorne Neighborhood

Estimated Value: $867,429

-- Bed
-- Bath
2,253 Sq Ft
$385/Sq Ft Est. Value

Last Sold December 07, 2021

Last sale price $794,150 $352 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,277/month

10 Days on Market

About This Home

As of December 2021

Rare corner 3-unit renovated and income producing property at an irreplaceable location. Steps away from Whole Foods, Starbucks, Magic Garden, Washington Square Park, Seger Park, Thomas Jefferson Hospital and Penn Medicine. TWO large one-bedroom apartments rented for $1,450 and $1,495 / month on the second and third floor. A cafe on the ground floor that pays gross rent of $2,500 / month for a total annual income of $65,100.

Contact for P&L and apartment videos.

Last Agent to Sell the Property

May Hui

Tesla Realty Group, LLC Listed on: 11/03/2021

Tesla Realty Group, LLC

Last Buyer's Agent

Leah Golub

Compass RE License #RS356916

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,575

Year Built

  • Built in 1900

Lot Details

  • 751 Sq Ft Lot
  • Lot Dimensions are 13.00 x 57.75

Home Design

  • 2,253 Sq Ft Home
  • Triplex
  • Brick Foundation
  • Masonry

Utilities

  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 165
  • Assessor Parcel Number 871014900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,575

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: Yes
  • Remarks Public: Rare corner 3-unit renovated and income producing property at an irreplaceable location. Steps away from Whole Foods, Starbucks, Magic Garden, Washington Square Park, Seger Park, Thomas Jefferson Hospital and Penn Medicine. TWO large one-bedroom apartments rented for $1,450 and $1,495 / month on the second and third floor. A cafe on the ground floor that pays gross rent of $2,500 / month for a total annual income of $65,100. Contact for P&L and apartment videos.
  • Special Features: None

Interior Features

  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 2253
  • Living Area Sq Ft: 2253
  • Price Per Sq Ft: 352.86
  • Above Grade Finished Sq Ft: 2253
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1042

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

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 318640.00
  • Land Assessed Value: 79660.00
  • Land Use Code: Y50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 13.00 x 57.75
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 751.00
  • Year Assessed: 2021
  • Zoning: CMX2.

Rental Info

  • Existing Lease Type: Gross
  • Ground Rent Exists: No
  • Total Actual Rent: 65100.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1414692
  • School Tax: 3059.00
  • Tax Annual Amount: 5575.00
  • Assessor Parcel Number: 871014900
  • Tax Lot: 165
  • Tax Total Finished Sq Ft: 2253
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/07/2021

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2021
Closed on
Dec 2, 2021
Sold by
1042 South Street Llc
Bought by
1042 South Partners Llc
Seller's Agent
May Hui
Tesla Realty Group, LLC
Buyer's Agent
Leah Golub
Compass RE
List Price
$795,000
Sold Price
$794,150
Premium/Discount to List
-$850
-0.11%
Current Estimated Value
$867,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,279
Avg. Annual Appreciation
2.00%

Purchase Details

Closed on
Mar 28, 2019
Sold by
Jatobin Family Limited Partnership
Bought by
1042 South Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
4.3%

Purchase Details

Closed on
Dec 27, 2001
Sold by
Tobin James Aloysius
Bought by
Jatobin Family Ltd Partnership
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
1042 South Partners Llc $794,150 Trident Land Transfer
1042 South Street Llc $475,000 None Available
Jatobin Family Ltd Partnership $55,680 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1042 South Street Llc $332,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2021 12/07/21 Sold $794,150 -0.1% $352 / Sq Ft
11/03/2021 11/03/21 For Sale $795,000 -- $353 / 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 $7,045 $561,800 $112,360 $449,440
2024 $7,045 $561,800 $112,360 $449,440
2023 $7,045 $503,300 $100,660 $402,640
2022 $5,575 $503,300 $100,660 $402,640
2021 $5,575 $0 $0 $0
2020 $5,575 $0 $0 $0
2019 $5,521 $0 $0 $0
2018 $5,064 $0 $0 $0
2017 $4,730 $0 $0 $0
2016 $4,730 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $337,900 $93,875 $244,025
2012 -- $67,520 $18,022 $49,498
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    May Hui

    Tesla Realty Group, LLC

    1 in this area

    4 Total Sales

    May Hui
    Section Image

  • L

    Buyer's Agent in 2021

    Leah Golub

    Compass RE

    (610) 322-8355

    3 in this area

    19 Total Sales

    Leah Golub
    Section Image
  • Josh Allen

    Buyer Co-Listing Agent in 2021

    Josh Allen

    Compass RE

    (215) 850-6680

    7 in this area

    238 Total Sales

    Josh Allen
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH2042526

Bright MLS

APN: 871014900

Pennsylvania Philadelphia County Philadelphia 19147 Hawthorne

1042 South St, Philadelphia, PA

This home is located at 1042 South St, Philadelphia, PA 19147 since 03 November 2021 and is currently estimated at $867,429, approximately $385 per square foot. This property was built in 1900. 1042 South St is a home located in Philadelphia County with nearby schools including Jackson Andrew School, Furness Horace High School, and Independence Charter School.

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