Seller's Agent in 2024
Frank DeFazio
BHHS Fox & Roach
(610) 636-4364
3 in this area
261 Total Sales
122 E Cumberland St Philadelphia, PA 19125
Norris Square Neighborhood
0.04
Acre
$5,000,000
Price per Acre
1,667
Sq Ft Lot
About This Lot
As of December 2024ALL OFFERS WILL BE CONSIDERED!
This 1,667 SF corner lot is a developer's dream. Located along one of Philadelphia's hottest neighborhoods, it offers exceptional potential for a multi-family project. With By-Right zoning for 4 units and over 5,000 SF of RM1 development, this property is ideal for investors seeking maximum return.
Enjoy unparalleled connectivity with multiple SEPTA bus lines and two Market-Frankford Line stops within a short walk. The thriving East Kensington scene, featuring new restaurants, bars, and shops, complements this opportunity. As a qualified federal opportunity zone, this property offers substantial tax incentives.
-1,667 SF corner lot (18'x93')
-By-Right zoning for 4+ units
-Over 5,000 SF RM1 multi-family potential
-Excellent public transportation
-Qualified federal opportunity zone
Last Agent to Sell the Property
(610) 636-4364 frank@centercityteam.com BHHS Fox & Roach-Center City Walnut Listed on: 08/16/2024
Co-Listed By
(215) 839-6674 morgan@centercityteam.com BHHS Fox & Roach-Center City Walnut License #RS360435
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,287
Lot Details
- 1,667 Sq Ft Lot
- Lot Dimensions are 18.00 x 93.00
- Property is zoned RM1
Community Details
- No Home Owners Association
- East Kensington Subdivision
Listing and Financial Details
- Tax Lot 115
- Assessor Parcel Number 314001000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 16, 2024
Closed on
Dec 10, 2024
Sold by
Sitkey-Hamuth Anna M and Sitkey-Hamuth Fred Anthony
Bought by
Cumberland Estates Llc
Seller's Agent
Frank DeFazio
BHHS Fox & Roach-Center City Walnut
Buyer's Agent
Gazi Ataseven
HomeSmart Realty Advisors
List Price
$229,900
Sold Price
$200,000
Premium/Discount to List
-$29,900
-13.01%
Views
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,275
Original Mortgage
$1,068,750
Outstanding Balance
$1,062,275
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Feb 21, 2023
Sold by
Sitkey-Hamuth Anna M
Bought by
Sitkey-Hamuth Anna M
Purchase Details
Closed on
Feb 17, 2017
Sold by
H P Tool Mfg Corp
Bought by
Sitkey Hamuth Anna M
Purchase Details
Closed on
Jun 10, 1965
Bought by
H-P Tool Mfg Corp
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $200,000 | Choice One Abstract | |
| Deed | -- | -- | |
| Deed | $39,000 | Land Title Building | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,068,750 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/23/2024 12/23/24 | Sold | $200,000 | -9.0% | -- |
| 10/14/2024 10/14/24 | Price Changed | $219,900 | -2.2% | -- |
| 09/11/2024 09/11/24 | Price Changed | $224,900 | -2.2% | -- |
| 08/16/2024 08/16/24 | For Sale | $229,900 | -- | -- |
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 | $1,288 | $135,200 | $135,200 | -- |
| 2024 | $1,288 | $135,200 | $135,200 | -- |
| 2023 | $1,288 | $92,000 | $92,000 | $0 |
| 2022 | $84 | $92,000 | $92,000 | $0 |
| 2021 | $84 | $0 | $0 | $0 |
| 2020 | $84 | $0 | $0 | $0 |
| 2019 | $84 | $0 | $0 | $0 |
| 2018 | $84 | $0 | $0 | $0 |
| 2017 | $84 | $0 | $0 | $0 |
| 2016 | $84 | $0 | $0 | $0 |
| 2015 | $80 | $0 | $0 | $0 |
| 2014 | -- | $6,000 | $6,000 | $0 |
| 2012 | -- | $704 | $704 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Frank DeFazio
-
Morgan Boyle
Seller Co-Listing Agent in 2024
Morgan Boyle
BHHS Fox & Roach
(215) 839-6674
7 in this area
28 Total Sales
-
Gazi Ataseven
Buyer's Agent in 2024
Gazi Ataseven
HomeSmart Realty Advisors
(267) 774-6886
38 in this area
307 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2386588
APN: 314001000
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