NOT LISTED FOR SALE

1116 Pine St Philadelphia, PA 19107

Washington Square West Neighborhood

Estimated Value: $1,274,377

Studio
-- Bath
3,156 Sq Ft
$404/Sq Ft Est. Value

Sale Details

Date Sold: December 22, 2016

Last sale price $1,483,000 $470 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $8,062 / mo

572 Days on Market

Highlights

  • No HOA
  • 5-minute walk to 12Th-13Th & Locust St
  • Heating System Uses Gas
  • Central Air
  • Laundry Facilities
  • 1-minute walk to Kahn Park

About This Home

As of December 2016

Unbelievable opportunity! Completely rehabbed property in the heart of Center City! Across from Khan Park. Property is walking distance from...Everything! Check out the pictures! Transaction will include all furniture!!!! Schedule ASAP!

Last Agent to Sell the Property

John Bianchimano

(215) 698-2000 johnb@bricksbroker.com RE/MAX 2000 Listed on: 03/23/2015

RE/MAX 2000

Last Buyer's Agent

Marc Silver

(267) 435-8015 kenenochs@compass.com Compass RE License #RS335394

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,504

Year Built

  • Built in 1915

Lot Details

  • 1,800 Sq Ft Lot
  • Lot Dimensions are 19x96
  • Property is in good condition

Parking

  • 2 Open Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,156 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 54
  • Assessor Parcel Number 881510000

Community Details

Overview

  • No Home Owners Association
  • Washington Sq Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $5,112
  • Maintenance Expense $1,800
  • Other Expense $4,200
  • Operating Expense $27,616

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,504

Year Built

Built in 1915

Lot Details

1,800 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Inclusions: All Furniture
  • New Construction: No
  • Other Expense: 4200.00
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Common
  • Total Sq Ft: 3156
  • Living Area Sq Ft: 3156
  • Price Per Sq Ft: 474.97
  • Above Grade Finished Sq Ft: 3156
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2

Utilities

  • Annual Heating Expense: 4800.00
  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 639397.00
  • Land Assessed Value: 111003.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 19X96
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1800.00
  • Property Condition: Good
  • Zoning: CMX1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 133200.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7

Tax Info

  • Assessor Parcel Number: 1411134
  • Tax Annual Amount: 10504.00
  • Assessor Parcel Number: 881510000
  • Tax Lot: 54
  • Tax Year: 2016

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2022
Sold by
Haynes Hanna H
Bought by
Loveland Real Estate Two Llc
Current Estimated Value
$1,274,377

Purchase Details

Listed on
Mar 23, 2015
Closed on
Dec 22, 2016
Sold by
Redewoth Development Llc
Bought by
Haynes Hanna H
Seller's Agent
John Bianchimano
RE/MAX 2000
Buyer's Agent
Marc Silver
Compass RE
List Price
$1,800,000
Sold Price
$1,483,000
Premium/Discount to List
-$317,000
-17.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.62%
Original Mortgage
$1,000,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 10, 2012
Closed on
Jun 26, 2013
Sold by
Verruni Louis
Bought by
Redworth Development Llc
Seller's Agent
James Labonski
KW Empower
Buyer's Agent
John Bianchimano
RE/MAX 2000
List Price
$1,200,000
Sold Price
$1,015,000
Premium/Discount to List
-$185,000
-15.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.48%
Original Mortgage
$710,500
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 1984
Bought by
Verruni Louis 3Rd and Verruni Louis 2Nd
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Loveland Real Estate Two Llc $1,300,000 Land Services Usa
Haynes Hanna H $1,483,000 Surety Abstract Svce Llc
Redworth Development Llc $1,015,000 None Available
Verruni Louis 3Rd $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haynes Hanna H $1,000,000
Previous Owner Redworth Development Llc $710,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2016 12/22/16 Sold $1,483,000 -17.6% $470 / Sq Ft
10/15/2016 10/15/16 Pending -- -- --
03/23/2015 03/23/15 For Sale $1,800,000 +77.3% $570 / Sq Ft
06/26/2013 06/26/13 Sold $1,015,000 -15.4% $322 / Sq Ft View Prior Sale
04/24/2013 04/24/13 Pending -- -- --
08/10/2012 08/10/12 For Sale $1,200,000 -- $380 / Sq Ft
Source: Bright MLS

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
2026 $15,107 $1,079,200 $323,760 $755,440
2025 $15,107 $1,079,200 $323,760 $755,440
2024 $15,107 $1,079,200 $323,760 $755,440
2023 $15,107 $1,079,200 $323,760 $755,440
2022 $15,107 $1,079,200 $323,760 $755,440
2021 $15,107 $0 $0 $0
2020 $15,107 $0 $0 $0
2019 $14,995 $0 $0 $0
2018 $13,307 $0 $0 $0
2017 $10,504 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Bianchimano

    Seller's Agent in 2016

    John Bianchimano

    RE/MAX

    (215) 778-8610

    91 Total Sales

    John Bianchimano
    Section Image
  • Marc Silver

    Buyer's Agent in 2016

    Marc Silver

    Compass RE

    (215) 460-5376

    3 in this area

    96 Total Sales

    Marc Silver
    Section Image
  • James Labonski

    Seller's Agent in 2013

    James Labonski

    KW Empower

    (215) 521-1552

    3 in this area

    38 Total Sales

    James Labonski
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002557758

Bright MLS

APN: 881510000

Pennsylvania Philadelphia County Philadelphia 19107 Washington Square West

1116 Pine St, Philadelphia, PA

Not Listed for Sale

MultiFamily

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