NOT LISTED FOR SALE

1242 W Allegheny Ave Philadelphia, PA 19133

Franklinville Neighborhood

Estimated Value: $239,000 - $336,965

-- Bed
-- Bath
-- Sq Ft
1930 Built

Last Sold December 01, 2022

Last sale price $3,825,000

Current estimated payment $1,729/month

286 Days on Market

Highlights

  • Straight Thru Architecture
  • Radiant Heating System
  • 2-minute walk to Allegheny (Bss)

About This Home

As of December 2022

Incredible, rarely offered package of 47 units for sale in 11 buildings all on the same block !!! 46 residential units and 1 commercial space. The buildings are located within half a block from Temple Hospital, Temple University School of Dentistry and Temple University School of Pharmacy. 31 of the units have been rehabbed in the past two years. Tenants are paying electric and gas. The addresses for the package are as follows; 1228,1230,1234,1242,1302,1305,1307,1309,1311,1313,1315 W. Allegheny Avenue. For more information please see package info attached.

Last Agent to Sell the Property

Mikhal Mary

KW Empower Listed on: 02/18/2022

KW Empower

Last Buyer's Agent

Mikhal Mary

KW Empower Listed on: 02/18/2022

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,362

Year Built

  • Built in 1930

Home Design

  • Straight Thru Architecture
  • Masonry

Utilities

  • Radiant Heating System

Community Details

  • 4 Units
  • Philadelphia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 431026100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,362

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Foundation Details: Other
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1242

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

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

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Lot Size Units: Square Feet
  • Year Assessed: 2023
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 1844.00
  • Tax Annual Amount: 3362.00
  • Assessor Parcel Number: 431026100
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 12/01/2022

Multi Family

  • Single Room Units Count: 16

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2022
Closed on
Nov 30, 2022
Sold by
Allegheny 44 Llc
Bought by
Uptown Allegheny Llc
Seller's Agent
Mikhal Mary
KW Empower
Buyer's Agent
Mikhal Mary
KW Empower
List Price
$4,500,000
Sold Price
$3,825,000
Premium/Discount to List
-$675,000
-15%
Views
4
Current Estimated Value
$283,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,541,009
Avg. Annual Appreciation
-61.72%
Original Mortgage
$2,295,000
Outstanding Balance
$2,228,418
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$1,955,622

Purchase Details

Closed on
Feb 12, 2018
Sold by
Precious I Inc A Pennsylvania Corporatio
Bought by
Allegheny 44 Llc
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
Uptown Allegheny Llc $3,825,000 --
Allegheny 44 Llc $2,200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Uptown Allegheny Llc $2,295,000
Closed Uptown Allegheny Llc $890,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2022 12/01/22 Sold $3,825,000 -5.6% --
08/08/2022 08/08/22 Price Changed $4,050,000 -5.8% --
05/19/2022 05/19/22 Price Changed $4,300,000 -4.4% --
02/18/2022 02/18/22 For Sale $4,500,000 -- --
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 $2,185 $285,000 $57,000 $228,000
2024 $2,185 $285,000 $57,000 $228,000
2023 $2,185 $156,100 $31,220 $124,880
2022 $985 $156,100 $31,220 $124,880
2021 $985 $0 $0 $0
2020 $985 $0 $0 $0
2019 $1,289 $0 $0 $0
2018 $1,359 $0 $0 $0
2017 $1,359 $0 $0 $0
2016 $1,359 $0 $0 $0
2015 $1,301 $0 $0 $0
2014 -- $97,100 $4,886 $92,214
2012 -- $4,224 $1,159 $3,065
Source: Public Records

Agents Affiliated with this Home

  • Mikhal Mary

    Seller's Agent in 2022

    Mikhal Mary

    KW Empower

    (215) 310-8080

    11 in this area

    140 Total Sales

    Mikhal Mary
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Map

Source: Bright MLS

MLS Number: PAPH2085194

Bright MLS

APN: 431026100

Pennsylvania Philadelphia County Philadelphia 19132 Franklinville

1242 W Allegheny Ave, Philadelphia, PA

This home is located at 1242 W Allegheny Ave, Philadelphia, PA 19133 since 18 February 2022 and is currently estimated at $283,991. This property was built in 1930. 1242 W Allegheny Ave is a home located in Philadelphia County with nearby schools including Mary McLeod Bethune School, Laboratory Charter School, and Kenderton Elementary.

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