NOT LISTED FOR SALE

1240 W Ritner St Philadelphia, PA 19148

South Philadelphia East Neighborhood

Estimated Value: $362,534

-- Bed
1 Bath
1,800 Sq Ft
$201/Sq Ft Est. Value

Last Sold November 20, 2018

Last sale price $300,000 $167 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,182/month

Highlights

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

About This Home

As of November 2018

Welcome to this mixed use property in the Lower Moyamensing section of South Philly. This awesome property located just across the street from Jefferson University hospital was formerly a doctors office on the first floor featuring 3 exam rooms a large reception area & a powder room along with a full unfinished basement. The 2nd floor is an apartment which consists of 2 bedrooms, a full bath and an extra large living room, really high ceilings. The kitchen has been removed since it was used as extra office space but can easily be placed back since all the plumbing is still in place. This 2nd floor unit also has a nice sized outdoor patio which is a wonderful amenity for an upper floor. Mechanicals are brand new. If you've been looking for an investment this is it! Open a business and live upstairs or be a landlord and collect rent. Jump on this one before its gone!

Last Agent to Sell the Property

Chris Russo

(215) 327-4237 russo1238@msn.com KW Empower Listed on: 08/27/2018

KW Empower

Last Buyer's Agent

Maria Elena Tropea

(215) 389-2222 spectrummet@aol.com KW Philly

KW Philly

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,697

Year Built

  • Built in 1940

Lot Details

  • 960 Sq Ft Lot
  • Lot Dimensions are 15x64

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,800 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 137
  • Assessor Parcel Number 871557960

Community Details

Overview

  • No Home Owners Association
  • Lower Moyamensing Subdivision

Building Details

  • Operating Expense $2,697

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,697

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 180.83
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet

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: Yes
  • Cooling Type: Central A/C
  • 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

Lot Info

  • Improvement Assessed Value: 154160.00
  • Land Assessed Value: 38540.00
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15X64
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 960.00
  • Zoning: CMX1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1150817
  • Tax Annual Amount: 2697.00
  • Assessor Parcel Number: 871557960
  • Tax Lot: 137
  • Tax Year: 2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2021
Sold by
Mannino Santino S
Bought by
2036 Germantown Ave Llc
Current Estimated Value
$362,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2021
Sold by
Mannino Santino S and Zito Calogero C
Bought by
Mannino Santino S and Zito Calogero C

Purchase Details

Listed on
Aug 27, 2018
Closed on
Nov 20, 2018
Sold by
Villare Franceska A
Bought by
Mannino Santino S and Zito Calogero C
Seller's Agent
Chris Russo
KW Empower
Buyer's Agent
Maria Elena Tropea
KW Philly
List Price
$349,900
Sold Price
$300,000
Premium/Discount to List
-$49,900
-14.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.76%
Original Mortgage
$260,000
Interest Rate
4.8%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 8, 1988
Bought by
Villare Franceska A
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
2036 Germantown Ave Llc -- None Listed On Document
Mannino Santino S -- None Available
Mannino Santino S $300,000 City Abstract Llc
Villare Franceska A $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2036 Germantown Ave Llc $344,000
Previous Owner Mannino Santino S $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2018 11/20/18 Sold $300,000 -7.8% $167 / Sq Ft
10/23/2018 10/23/18 Pending -- -- --
10/12/2018 10/12/18 Price Changed $325,500 -7.0% $181 / Sq Ft
10/06/2018 10/06/18 Price Changed $349,899 0.0% $194 / Sq Ft
08/27/2018 08/27/18 For Sale $349,900 -- $194 / 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 $3,404 $251,300 $50,260 $201,040
2024 $3,404 $251,300 $50,260 $201,040
2023 $3,404 $243,200 $48,640 $194,560
2022 $2,804 $243,200 $48,640 $194,560
2021 $2,804 $0 $0 $0
2020 $2,804 $0 $0 $0
2019 $2,777 $0 $0 $0
2018 $2,697 $0 $0 $0
2017 $3,404 $0 $0 $0
2016 $3,404 $0 $0 $0
2015 $3,259 $0 $0 $0
2014 -- $243,200 $13,251 $229,949
Source: Public Records

Agents Affiliated with this Home

  • Chris Russo

    Seller's Agent in 2018

    Chris Russo

    KW Empower

    (215) 327-4237

    18 in this area

    90 Total Sales

    Chris Russo
    Section Image

  • M

    Buyer's Agent in 2018

    Maria Elena Tropea

    KW Philly

    Section Image
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Map

Source: Bright MLS

MLS Number: 1004108462

Bright MLS

APN: 871557960

Pennsylvania Philadelphia County Philadelphia 19148 South Philadelphia East

1240 W Ritner St, Philadelphia, PA

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