NOT LISTED FOR SALE

1244 N Palethorp St Philadelphia, PA 19122

Olde Kensington Neighborhood

Estimated Value: $377,671 - $418,000

-- Bed
2 Baths
-- Sq Ft
1,000 Sq Ft Lot

Last Sold July 17, 2019

Last sale price $270,000

Est. 50% increase in value since last sale

Current estimated payment $2,781/month

92 Days on Market

Highlights

  • Straight Thru Architecture
  • 4-minute walk to Girard (Mfl)
  • 4-minute walk to Hancock Park
  • No HOA
  • Hot Water Heating System

About This Home

As of July 2019

Amazing value and opportunity in East Kensington/No Libs/Fishtown area, just 1 block from 2nd & Girard. This duplex is a front 3 story trinity style home and a rear mirror image unit with separate back entrance. Each unit is 2 bed, 1 bath home with private entrance. Front unit is long term tenant on MTM lease, extremely undervalued rent. Rental comps approx $1,100/mth per unit. Rear unit owner began renovating and stopped due to other priorities. New windows installed. Here's your chance to own a multi unit in super hot Kensington/Fishtown area for under $300K. Cash or renovation loans best. Live in one and rent the other or as a smart investment purchase.

Last Listed By

Paul Fontaine

Keller Williams Philadelphia Listed on: 01/24/2019

Keller Williams Philadelphia

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,283

Year Built

  • Built in 1984

Lot Details

  • 1,000 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Straight Thru Architecture
  • Masonry

Utilities

  • Cooling System Utilizes Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 202
  • Assessor Parcel Number 182095500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,283

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1984
  • Remarks Public: Amazing value and opportunity in East Kensington/No Libs/Fishtown area, just 1 block from 2nd & Girard. This duplex is a front 3 story trinity style home and a rear mirror image unit with separate back entrance. Each unit is 2 bed, 1 bath home with private entrance. Front unit is long term tenant on MTM lease, extremely undervalued rent. Rental comps approx $1,100/mth per unit. Rear unit owner began renovating and stopped due to other priorities. New windows installed. Here's your chance to own a multi unit in super hot Kensington/Fishtown area for under $300K. Cash or renovation loans best. Live in one and rent the other or as a smart investment purchase.
  • Special Features: None

Interior Features

  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1244

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
  • Type Of Parking: On Street

Utilities

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 172100.00
  • Land Assessed Value: 133900.00
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1000.00
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Month To Month
  • Rent Control: No
  • Total Actual Rent: 6000.00
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 984029
  • School Tax: 2350.00
  • Tax Annual Amount: 4283.00
  • Assessor Parcel Number: 182095500
  • Tax Lot: 202
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 07/17/2019

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2019
Closed on
Jul 17, 2019
Sold by
Mcelroy William
Bought by
Horton Blake
Seller's Agent
Paul Fontaine
Keller Williams Philadelphia
Buyer's Agent
Lucas Pfaff
Keller Williams Main Line
List Price
$280,000
Sold Price
$270,000
Premium/Discount to List
-$10,000
-3.57%
Total Days on Market
92
Current Estimated Value
$403,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,890
Avg. Annual Appreciation
8.40%
Original Mortgage
$202,500
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 1984
Bought by
Mcelroy William

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

Purchase History

Date Buyer Sale Price Title Company
Horton Blake $270,000 Go Abstract Service Llc
Mcelroy William $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horton Blake $276,500
Closed Horton Blake $202,500
Previous Owner Mcelroy William $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2019 07/17/19 Sold $270,000 0.0% --
02/04/2019 02/04/19 Off Market $270,000 -- --
01/24/2019 01/24/19 For Sale $280,000 -- --
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 $6,247 $382,900 $76,580 $306,320
2024 $6,247 $382,900 $76,580 $306,320
2023 $6,247 $446,300 $89,260 $357,040
2022 $4,031 $446,300 $89,260 $357,040
2021 $4,031 $0 $0 $0
2020 $4,031 $0 $0 $0
2019 $4,031 $0 $0 $0
2018 $1,715 $0 $0 $0
2017 $1,715 $0 $0 $0
2016 $2,275 $0 $0 $0
2015 $1,642 $0 $0 $0
2014 -- $122,500 $8,900 $113,600
2012 -- $4,384 $795 $3,589
Source: Public Records

Agents Affiliated with this Home

  • Paul Fontaine

    Seller's Agent in 2019

    Paul Fontaine

    Keller Williams Philadelphia

    1 in this area

    44 Total Sales

    Paul Fontaine
    Section Image
  • Lucas Pfaff

    Buyer's Agent in 2019

    Lucas Pfaff

    Keller Williams Main Line

    (302) 547-1837

    1 in this area

    72 Total Sales

    Lucas Pfaff
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH513672

Bright MLS

APN: 182095500

Pennsylvania Philadelphia County Philadelphia 19122 Olde Kensington

1244 N Palethorp St, Philadelphia, PA

Homes for Sale in Philadelphia, PA

This home is located at 1244 N Palethorp St, Philadelphia, PA 19122 since 24 January 2019 and is currently estimated at $403,890. This property was built in 1984. 1244 N Palethorp St is a home located in Philadelphia County with nearby schools including John Moffet School, Penn Treaty School, and Al Aqsa Islamic Academy.

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