NOT LISTED FOR SALE

1232 Summer St Philadelphia, PA 19107

Center City Market East Neighborhood

Estimated Value: $1,241,000 - $1,355,530

-- Bed
-- Bath
2,448 Sq Ft
$530/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $1,370,000 $560 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $8,050/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Heating System Uses Gas

About This Home

As of August 2018

Investors and Developers Alert! This is a an amazing opportunity to update 5 existing units to create condos, a rent producing property or create your own brand new property. Zoned RM1 with a lot of 24 X 80FT this has the potential to be a great investment opportunity. The Western portion of the property is accessed via an easement known as Winter Court. As it sits currently you have the main home on Summer Street, which has 3 bedrooms and 1 bathroom. The first floors features a laundry room, office, small courtyard, storage garage. The living room, kitchen and full bathroom is located on the 2nd floor and the 3rd floor of the home has three bedrooms. This is the largest of the 5 units currently it is occupied and being leased for $1,850. There are also four Trinity Style homes via the courtyard entrance. Each of the homes have similar layouts. First floor; Living room and kitchen, Second Floor; open room, Third floor bedroom with full bathroom. Each of the homes has an unfinished basement which can be used for Washer/dryer or storage. The property is located within blocks of Reading Terminal Market, the convention Center, Hahnemann Hospital and the new Rail Park. Buyer is responsible for City Cert.

Last Agent to Sell the Property

Ian Perler

(267) 607-9099 ian@ianperlerteam.com KW Empower Listed on: 07/09/2018

KW Empower

Last Buyer's Agent

Chris Fox

(215) 738-3132 christopher.fox@foxroach.com BHHS Fox & Roach-Haverford

BHHS Fox & Roach-Haverford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,178

Year Built

  • Built in 1925

Lot Details

  • 1,940 Sq Ft Lot
  • Lot Dimensions are 24x80

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,448 Sq Ft Home
  • Unfinished Basement
  • Partial Basement
  • Washer and Dryer Hookup

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 272
  • Assessor Parcel Number 054012100

Community Details

Overview

  • No Home Owners Association
  • Chinatown Subdivision

Building Details

  • Operating Expense $5,178

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,178

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Remarks Public: Investors and Developers Alert! This is a an amazing opportunity to update 5 existing units to create condos, a rent producing property or create your own brand new property. Zoned RM1 with a lot of 24 X 80FT this has the potential to be a great investment opportunity. The Western portion of the property is accessed via an easement known as Winter Court. As it sits currently you have the main home on Summer Street, which has 3 bedrooms and 1 bathroom. The first floors features a laundry room, office, small courtyard, storage garage. The living room, kitchen and full bathroom is located on the 2nd floor and the 3rd floor of the home has three bedrooms. This is the largest of the 5 units currently it is occupied and being leased for $1,850. There are also four Trinity Style homes via the courtyard entrance. Each of the homes have similar layouts. First floor; Living room and kitchen, Second Floor; open room, Third floor bedroom with full bathroom. Each of the homes has an unfinished basement which can be used for Washer/dryer or storage. The property is located within blocks of Reading Terminal Market, the convention Center, Hahnemann Hospital and the new Rail Park. Buyer is responsible for City Cert.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Partial, Unfinished
  • Laundry Type: Hookup
  • Total Sq Ft: 2448
  • Living Area Sq Ft: 2448
  • Price Per Sq Ft: 408.50
  • Above Grade Finished Sq Ft: 2448
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1232

Exterior Features

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

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Improvement Assessed Value: 312196.00
  • Land Assessed Value: 57704.00
  • Land Use Code: U50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 24X80
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1940.00
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 907290
  • Tax Annual Amount: 5178.00
  • Assessor Parcel Number: 054012100
  • Tax Lot: 272
  • Tax Year: 2018
  • Close Date: 08/24/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2018
Closed on
Aug 24, 2018
Sold by
Hobkirk Linda and Borden Susan Kenny
Bought by
Plk Holdings Llc
Seller's Agent
Ian Perler
KW Empower
Buyer's Agent
Chris Fox
BHHS Fox & Roach-Haverford
List Price
$999,999
Sold Price
$1,370,000
Premium/Discount to List
$370,001
37%
Current Estimated Value
$1,298,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$71,735
Avg. Annual Appreciation
-0.75%

Purchase Details

Closed on
Dec 30, 2003
Sold by
Hobkirk Linda K
Bought by
Kenny Janice
Source: Public Records

Range of Values:

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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
Plk Holdings Llc $1,370,000 None Available
Kenny Janice -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2018 08/24/18 Sold $1,370,000 +37.0% $560 / Sq Ft
07/11/2018 07/11/18 Pending -- -- --
07/09/2018 07/09/18 For Sale $999,999 -- $408 / 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 $14,257 $1,259,400 $251,880 $1,007,520
2024 $14,257 $1,259,400 $251,880 $1,007,520
2023 $14,257 $1,018,500 $203,700 $814,800
2022 $8,302 $1,018,500 $203,700 $814,800
2021 $8,302 $0 $0 $0
2020 $8,302 $0 $0 $0
2019 $5,893 $0 $0 $0
2018 $5,178 $0 $0 $0
2017 $5,178 $0 $0 $0
2016 $5,178 $0 $0 $0
2015 $4,957 $0 $0 $0
2014 -- $369,900 $90,496 $279,404
2012 -- $41,312 $18,813 $22,499
Source: Public Records

Agents Affiliated with this Home

  • Ian Perler

    Seller's Agent in 2018

    Ian Perler

    KW Empower

    (267) 607-9099

    95 Total Sales

    Ian Perler
    Section Image

  • C

    Buyer's Agent in 2018

    Chris Fox

    BHHS Fox & Roach

    Section Image
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Map

Source: Bright MLS

MLS Number: 1002006164

Bright MLS

APN: 054012100

Pennsylvania Philadelphia County Philadelphia 19107 Center City Market East

1232 Summer St, Philadelphia, PA

This home is located at 1232 Summer St, Philadelphia, PA 19107 since 09 July 2018 and is currently estimated at $1,298,265, approximately $530 per square foot. This property was built in 1925. 1232 Summer St is a home located in Philadelphia County with nearby schools including General George A McCall Public School, Benjamin Franklin High School, and Folk Arts-Cultural Treasures Charter School.

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