$275,000

Estimated payment $1,928/month

Total Views 14,195
0.04 Acre
$6,875,000 Price per Acre
1,552 Sq Ft Lot

About This Lot

Introducing an exceptional opportunity for visionary investors and developers to acquire a strategically located plot of land with RM1 Zoning in the highly sought-after neighborhood of University City. Situated in close proximity to Clark Park, Saint Joseph's University, Baltimore Avenue, and the vibrant University City district, this expansive lot offers endless possibilities for a lucrative real estate venture.

Key Features:

Location: Nestled in a thriving community, this plot of land is conveniently situated near Clark Park, providing residents with a serene oasis and recreational opportunities right at their doorstep. The proximity to Saint Joseph's University and the lively Baltimore Avenue guarantees a steady stream of potential tenants or buyers.

Zoning Advantage: Boasting RM1 Zoning, this property presents a unique opportunity to build up to 7 units by right. The potential for multiple units opens up a variety of development options, including condos, apartments, or even townhomes, catering to the diverse needs of the market.

Expansion Potential: An adjacent plot of land with similar attributes is also available for purchase, creating the possibility for a combined development project. Imagine the advantage of maximizing your investment by seamlessly merging these lots to create a larger, more impactful development.

Soil Test Performed: With a comprehensive soil test already conducted, you can move forward with your development plans confidently and efficiently. This invaluable information ensures a smooth construction process, saving you time and resources.

Seize the opportunity to transform this blank canvas into a vibrant community hub or a lucrative income-generating asset. With the ideal location, zoning advantage, and the potential for expansion, these lots offer a remarkable chance to leave your mark on a rapidly growing neighborhood.

Listing Agent

Joe Loonstyn

Scope Commercial Real Estate Services, Inc. License #RS351792 Listed on: 08/22/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,078

Lot Details

  • 1,552 Sq Ft Lot
  • Lot Dimensions are 16.00 x 97.00

Utilities

  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Squirrel Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 272148900

Property Details

Property Type

Land

Est. Annual Taxes

$5,078

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • Remarks Public: Introducing an exceptional opportunity for visionary investors and developers to acquire a strategically located plot of land with RM1 Zoning in the highly sought-after neighborhood of University City. Situated in close proximity to Clark Park, Saint Joseph's University, Baltimore Avenue, and the vibrant University City district, this expansive lot offers endless possibilities for a lucrative real estate venture. Key Features: Location: Nestled in a thriving community, this plot of land is conveniently situated near Clark Park, providing residents with a serene oasis and recreational opportunities right at their doorstep. The proximity to Saint Joseph's University and the lively Baltimore Avenue guarantees a steady stream of potential tenants or buyers. Zoning Advantage: Boasting RM1 Zoning, this property presents a unique opportunity to build up to 7 units by right. The potential for multiple units opens up a variety of development options, including condos, apartments, or even townhomes, catering to the diverse needs of the market. Expansion Potential: An adjacent plot of land with similar attributes is also available for purchase, creating the possibility for a combined development project. Imagine the advantage of maximizing your investment by seamlessly merging these lots to create a larger, more impactful development. Soil Test Performed: With a comprehensive soil test already conducted, you can move forward with your development plans confidently and efficiently. This invaluable information ensures a smooth construction process, saving you time and resources. Seize the opportunity to transform this blank canvas into a vibrant community hub or a lucrative income-generating asset. With the ideal location, zoning advantage, and the potential for expansion, these lots offer a remarkable chance to leave your mark on a rapidly growing neighborhood.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 177.19
  • Street Number Modifier: 1234

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 Hook/Up Avail
  • 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
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16.00 x 97.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1552.00
  • Year Assessed: 2024
  • Farmland Preservation: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2843.00
  • Tax Annual Amount: 5078.00
  • Assessor Parcel Number: 272148900
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

Range of Values:

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Average Value
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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

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 $2,230 $229,900 $45,900 $184,000
2024 $2,230 $229,900 $45,900 $184,000
2023 $2,230 $159,300 $31,860 $127,440
2022 $1,816 $159,300 $31,860 $127,440
2021 $1,816 $0 $0 $0
2020 $1,816 $0 $0 $0
2019 $1,582 $0 $0 $0
2018 $1,398 $0 $0 $0
2017 $1,398 $0 $0 $0
2016 $1,398 $0 $0 $0
2015 $1,339 $0 $0 $0
2014 -- $99,900 $28,608 $71,292
2012 -- $15,680 $3,915 $11,765
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2023 08/22/23 For Sale $275,000 -- --
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Sheriffs Deed $60,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Source: Bright MLS

MLS Number: PAPH2270576

Bright MLS

APN: 272148800