NOT LISTED FOR SALE

1209 N Franklin St Philadelphia, PA 19122

Ludlow Neighborhood

Estimated Value: $415,000 - $715,000

0.03 Acre
$19,995,300 Price per Acre
1,359 Sq Ft Lot

Last Sold August 24, 2020

Last sale price $330,000 $134 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,321/month

44 Days on Market

About This Lot

As of August 2020

Incredible development opportunity in South Kensington on the border of Northern Liberties. This is a shell property ready for conversion into a triplex with 3 2 bedroom apartments. Architectural plans are in process of being submitted for building permits. Zoning is RM1 and the lot size is 1359 SF so this is a by-right triplex project. The property is only a few steps from Girard Ave with high demand for rental units. Unit breakdown is 2bd/2ba, 2bd/1.5ba, 2bd/1.5ba. Projected rents total approximately $6000/month. The new construction triplex building next door sold for $745,000 over 3 years ago so there is plenty of upside potential to renovate and do a cashout refi once stabalized. Also condos on the block have recently sold in the low to mid 400 s. Architectural plans can be included in the sale and building permits ready for pickup with acceptable terms. Property is being sold as is and must be a cash deal.

Last Agent to Sell the Property

Christopher Somers

KW Empower License #RS278328 Listed on: 06/14/2020

KW Empower

Co-Listed By

Eric Fargnoli

KW Empower

Last Buyer's Agent

Al Ferraguti

Keller Williams Real Estate-Montgomeryville

Keller Williams Real Estate-Montgomeryville

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $624

Lot Details

  • 1,359 Sq Ft Lot
  • Lot Dimensions are 15.62 x 87.00
  • Property is zoned RM1

Community Details

  • No Home Owners Association
  • South Kensington Subdivision

Listing and Financial Details

  • Tax Lot 151
  • Assessor Parcel Number 141064100

Property Details

Property Type

Land

Est. Annual Taxes

$624

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • New Construction: No
  • Automatically Close On Close Date: No
  • Remarks Public: Incredible development opportunity in South Kensington on the border of Northern Liberties. This is a shell property ready for conversion into a triplex with 3 2 bedroom apartments. Architectural plans are in process of being submitted for building permits. Zoning is RM1 and the lot size is 1359 SF so this is a by-right triplex project. The property is only a few steps from Girard Ave with high demand for rental units. Unit breakdown is 2bd/2ba, 2bd/1.5ba, 2bd/1.5ba. Projected rents total approximately $6000/month. The new construction triplex building next door sold for $745,000 over 3 years ago so there is plenty of upside potential to renovate and do a cashout refi once stabalized. Also condos on the block have recently sold in the low to mid 400 s. Architectural plans can be included in the sale and building permits ready for pickup with acceptable terms. Property is being sold as is and must be a cash deal.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 257.47
  • Street Number Modifier: 1209

Exterior Features

  • Construction Completed: No
  • 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: No
  • Improvement Assessed Value: 17840.00
  • Land Use Code: O50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 15.62 x 87.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1359.00
  • Year Assessed: 2020
  • Zoning: RM1
  • Farmland Preservation: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 961115
  • School Tax: 343.00
  • Tax Annual Amount: 624.00
  • Assessor Parcel Number: 141064100
  • Tax Lot: 151
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/24/2020

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2020
Closed on
Aug 24, 2020
Sold by
Stavrakis Gus
Bought by
1209 Franklin Llc
Seller's Agent
Christopher Somers
KW Empower
Buyer's Agent
Al Ferraguti
Keller Williams Real Estate-Montgomeryville
List Price
$349,900
Sold Price
$330,000
Premium/Discount to List
-$19,900
-5.69%
Current Estimated Value
$599,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,859
Avg. Annual Appreciation
12.13%

Purchase Details

Closed on
Nov 11, 2019
Sold by
Stavrakis Gus and Stavrakis Koustantina
Bought by
Stavrakis Gus
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
1209 Franklin Llc $330,000 Primary Abstract Llc
Stavrakis Gus -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1209 Franklin Llc $607,500
Closed 1209 Franklin Llc $267,039
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2020 08/24/20 Sold $330,000 -5.7% $134 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
06/14/2020 06/14/20 For Sale $349,900 -- $142 / 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 $624 $701,000 $140,200 $560,800
2024 $624 $701,000 $140,200 $560,800
2023 $624 $44,600 $8,920 $35,680
2022 $624 $44,600 $8,920 $35,680
2021 $624 $0 $0 $0
2020 $624 $0 $0 $0
2019 $630 $0 $0 $0
2018 $984 $0 $0 $0
2017 $984 $0 $0 $0
2016 $984 $0 $0 $0
2015 $942 $0 $0 $0
2014 -- $70,300 $11,551 $58,749
2012 -- $1,600 $463 $1,137
Source: Public Records

Agents Affiliated with this Home

  • Christopher Somers

    Seller's Agent in 2020

    Christopher Somers

    KW Empower

    (267) 987-4443

    8 in this area

    623 Total Sales

    Christopher Somers
    Section Image

  • E

    Seller Co-Listing Agent in 2020

    Eric Fargnoli

    KW Empower

    (215) 467-2892

    1 in this area

    14 Total Sales

    Eric Fargnoli
    Section Image
  • Al Ferraguti

    Buyer's Agent in 2020

    Al Ferraguti

    Keller Williams Real Estate-Montgomeryville

    (267) 784-8276

    1 in this area

    82 Total Sales

    Al Ferraguti
    Section Image
  • Carl Kabat

    Buyer Co-Listing Agent in 2020

    Carl Kabat

    OFC Realty

    (215) 990-0186

    1 in this area

    4 Total Sales

    Carl Kabat
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH904280

Bright MLS

APN: 141064100

Pennsylvania Philadelphia County Philadelphia 19122 Ludlow

1209 N Franklin St, Philadelphia, PA

This home is located at 1209 N Franklin St, Philadelphia, PA 19122 since 14 June 2020 and is currently estimated at $599,859, approximately $243 per square foot. 1209 N Franklin St is a home located in Philadelphia County with nearby schools including James R. Ludlow School, Penn Treaty School, and Young Scholars Charter School.

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