Seller's Agent in 2021
Jeanne Whipple
Elfant Wissahickon Realtors
(267) 872-3969
49 in this area
220 Total Sales
1204 E Palmer St Philadelphia, PA 19125
Fishtown Neighborhood
--
Bed
1
Bath
4,127
Sq Ft
1,758
Sq Ft Lot
Highlights
- Contemporary Architecture
- Central Heating and Cooling System
- 2-minute walk to Fishtown Recreation Center
- No HOA
About This Home
As of October 2021Calling all savvy investors and owner occupants looking for a sound investment! Welcome to 1204 and 1206 E. Palmer street. Reconstructed from the ground up in 2016, these two multi-use triplex properties check all the boxes! Live, work and invest in Fishtown, one of Philly's hottest locations and most in demand residential submarkets. With over $8,000 in projected income from 4 residential units, 2 commercial office spaces and approximately 6 years remaining on the tax abatement these two properties are sure to cash flow!
1204 houses a bi-level commercial space and two studios on floors two and three. Each studio has their own dishwasher, washer/dryer, central AC and smart video alert system. 1206 has two, 2 bedroom residential units very similar in design with in-unit laundry, dishwasher, a smart video alert system and beautiful hard wood flooring. These 2 bed/ 1 bath units are laid out perfectly with each bedroom flanking the kitchen and living space. Spanning just over 4,000 square feet total, these two triplexes really are a smart investment opportunity in the heart of Fishtown. Don’t miss your opportunity to make your investment dreams come true!
Last Agent to Sell the Property
Elfant Wissahickon Realtors License #RS275042 Listed on: 04/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,335
Year Built
- Built in 2016
Lot Details
- 1,758 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Contemporary Architecture
- Masonry
Interior Spaces
- 4,127 Sq Ft Home
- Finished Basement
- Basement Fills Entire Space Under The House
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
- 4 Units
- 3-Story Building
- Fishtown Subdivision
Listing and Financial Details
- Assessor Parcel Number 871095240
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2021
Closed on
Oct 18, 2021
Sold by
Wessexshire Equity Llc
Bought by
Wlh Llc
Seller's Agent
Jeanne Whipple
Elfant Wissahickon Realtors
Buyer's Agent
Amy Shelanski
BHHS Fox & Roach At the Harper, Rittenhouse Square
List Price
$1,300,000
Sold Price
$1,180,000
Premium/Discount to List
-$120,000
-9.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.45%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 3, 2014
Closed on
Mar 13, 2015
Sold by
Way Renee
Bought by
Wessexshire Equity Llc
Seller's Agent
Michael McCann
KW Empower
Buyer's Agent
Jennifer Grosskopf
KW Empower
List Price
$269,900
Sold Price
$225,000
Premium/Discount to List
-$44,900
-16.64%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.49%
Purchase Details
Closed on
Jun 12, 2013
Sold by
Way Bruce R and Way Georgiana E
Bought by
Way Renee
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,327
Interest Rate
4.4%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 4, 1968
Bought by
Bruce Bruce R and Bruce Georgiana
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wlh Llc | $1,180,000 | None Listed On Document | |
| Wessexshire Equity Llc | $225,000 | Aaron Abstract Co | |
| Way Renee | $137,850 | None Available | |
| Bruce Bruce R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wlh Llc | $700,000 | |
| Previous Owner | Equtiy Llc | $179,000 | |
| Previous Owner | Wessexshire Equity Llc | $670,000 | |
| Previous Owner | Way Renee | $135,327 | |
| Previous Owner | Way Bruce R | $120,000 | |
| Previous Owner | Way Bruce R | $84,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/21/2021 10/21/21 | Sold | $1,180,000 | -4.5% | $286 / Sq Ft |
| 08/04/2021 08/04/21 | Pending | -- | -- | -- |
| 05/26/2021 05/26/21 | Price Changed | $1,235,000 | -5.0% | $299 / Sq Ft |
| 04/01/2021 04/01/21 | For Sale | $1,300,000 | +477.8% | $315 / Sq Ft |
| 03/13/2015 03/13/15 | Sold | $225,000 | -10.0% | $102 / Sq Ft |
| 02/12/2015 02/12/15 | Pending | -- | -- | -- |
| 11/12/2014 11/12/14 | Price Changed | $250,000 | -7.4% | $114 / Sq Ft |
| 11/03/2014 11/03/14 | For Sale | $269,900 | -- | $123 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,926 | $370,100 | $74,020 | $296,080 |
| 2024 | $2,926 | $370,100 | $74,020 | $296,080 |
| 2023 | $2,926 | $373,400 | $74,600 | $298,800 |
| 2022 | $2,779 | $209,060 | $74,600 | $134,460 |
| 2021 | $2,779 | $0 | $0 | $0 |
| 2020 | $2,779 | $0 | $0 | $0 |
| 2019 | $2,752 | $0 | $0 | $0 |
| 2018 | $2,023 | $0 | $0 | $0 |
| 2017 | $2,254 | $0 | $0 | $0 |
| 2016 | $319 | $0 | $0 | $0 |
| 2015 | $1,915 | $0 | $0 | $0 |
| 2014 | -- | $142,900 | $9,006 | $133,894 |
| 2012 | -- | $10,624 | $1,174 | $9,450 |
Source: Public Records
Agents Affiliated with this Home
-
Jeanne Whipple
-
Melissa LeGaspi
Seller Co-Listing Agent in 2021
Melissa LeGaspi
Elfant Wissahickon Realtors
(951) 452-6268
19 in this area
98 Total Sales
-
Amy Shelanski
Buyer's Agent in 2021
Amy Shelanski
BHHS Fox & Roach
(215) 983-1414
2 in this area
20 Total Sales
-
Michael McCann
Seller's Agent in 2015
Michael McCann
KW Empower
(215) 778-0901
46 in this area
1,776 Total Sales
-
Richard Fravel
Seller Co-Listing Agent in 2015
Richard Fravel
KW Philly
(215) 789-4445
8 in this area
36 Total Sales
-
Jennifer Grosskopf
Buyer's Agent in 2015
Jennifer Grosskopf
KW Empower
(215) 498-4010
3 in this area
127 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH995628
APN: 871095240
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