Seller's Agent in 2021
Jeanne Whipple
Elfant Wissahickon Realtors
(267) 872-3969
49 in this area
220 Total Sales
1206 E Palmer St Philadelphia, PA 19125
Fishtown Neighborhood
--
Bed
2
Baths
2,417
Sq Ft
1,188
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 2021Welcome to 1206 E Palmer St. Connected to her sister property, 1204 E. Palmer, these two triplexes check all the boxes to make your investor dreams come true! 1206 was built as a new construction in 2016 and 1204 was rebuilt from the ground up the same year. Each building houses a bi-level commercial space as well as two residential units. Located just steps away from Girard Ave and all that Fishtown has to offer, this couldn’t be a better opportunity. The residential space at 1206 houses two, 2 bedroom/1 bath units. Both units here have similar modern finishes, video announcement system, dishwasher, a breakfast bar, spacious bedrooms and in-unit laundry! With the bedrooms separated by the living and kitchen space this layout is perfect for a single tenant and roommates alike. Both front bedrooms in unit 2 and unit 3 overlook Palmer street with floor to ceiling windows taking up nearly the entire wall. Hello morning glory, house plants and humans alike can live their best lives in this sun drenched room. For the savvy investor these units are as perfect as can be with long term tenants already in place, bringing in a total of $2,820, there is little need to worry about securing renters for the long haul! Moving over to the commercial space at 1206 E. Palmer, you'll have another long term tenant bringing in an additional $1660 to your investment! This bi-level commercial space has a total of four private office spaces, two full bathrooms and two open lobby spaces! With approximately 6 years remaining on the tax abatement and the projected $4,480 in rent from your tenants, you can stop looking for your smart investment because you just found it!
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
- $3,556
Year Built
- Built in 2016
Lot Details
- 1,188 Sq Ft Lot
- Lot Dimensions are 18.00 x 66.00
Parking
- On-Street Parking
Home Design
- 2,417 Sq Ft Home
- Contemporary Architecture
- Masonry
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Additional Features
- Finished Basement
Community Details
- No Home Owners Association
- 3 Units
- 3-Story Building
Listing and Financial Details
- Tax Lot 349
- Assessor Parcel Number 871095245
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
$700,000
Sold Price
$665,000
Premium/Discount to List
-$35,000
-5%
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
Closed on
Mar 13, 2015
Sold by
Way Renee
Bought by
Wessexshire Equity Llc
Purchase Details
Closed on
Sep 4, 1968
Bought by
Bruce Bruce R and Bruce Georginana
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 | |
| Bruce Bruce R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wlh Llc | $700,000 | |
| 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 | $665,000 | 0.0% | $275 / Sq Ft |
| 07/20/2021 07/20/21 | Pending | -- | -- | -- |
| 05/26/2021 05/26/21 | Price Changed | $665,000 | -5.0% | $275 / Sq Ft |
| 04/01/2021 04/01/21 | For Sale | $700,000 | -- | $290 / 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 | $3,720 | $523,300 | $104,660 | $418,640 |
| 2024 | $3,720 | $523,300 | $104,660 | $418,640 |
| 2023 | $3,720 | $527,400 | $105,400 | $422,000 |
| 2022 | $3,556 | $265,760 | $105,400 | $160,360 |
| 2021 | $3,556 | $0 | $0 | $0 |
| 2020 | $3,556 | $0 | $0 | $0 |
| 2019 | $3,521 | $0 | $0 | $0 |
| 2018 | $2,590 | $0 | $0 | $0 |
| 2017 | $2,843 | $0 | $0 | $0 |
| 2016 | $443 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $177,300 | $20,671 | $156,629 |
| 2012 | -- | $10,624 | $2,268 | $8,356 |
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
Map
Source: Bright MLS
MLS Number: PAPH995356
APN: 871095245
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