Seller's Agent in 2022
Eric Feinberg
Keller Williams Realty Group
(484) 948-5872
2 in this area
95 Total Sales
1247 S 53rd St Philadelphia, PA 19143
Kingsessing NeighborhoodEstimated Value: $502,000 - $541,000
--
Bed
4
Baths
2,900
Sq Ft
$182/Sq Ft
Est. Value
Highlights
- Gourmet Kitchen
- 2-minute walk to Chester Avenue And 53Rd Street
- Wood Flooring
- Open Floorplan
- Traditional Architecture
- Main Floor Bedroom
About This Home
As of November 2022COMPLETELY RENOVATED in 2019, 1247 S 53rd St is a 3 Residential Unit, TRIPLEX investment opportunity generating significant cash flow in Philadelphia. Inquire for Marketing Packet!! The property is located in one of the MOST DESIRABLE sections of the city, the Kingsessing neighborhood. This location is FANTASTIC. The property is surrounded by numerous amazing universities (St. Joseph’s University - City Campus, University of Penn, and Drexel University) and major hospitals (CHOP and Penn Hospital). It is also located within a short walk to great public transportation including Trolley Lines 13 and 34, and you are just steps from THE BEST Commercial Corridor in the city, Baltimore Avenue. This will be an incredible investment opportunity for years to come. The property is complete with an ideal unit mix. Unit 1 is 2 Bedrooms and 2 Full Bathrooms with additional den / office spaces, Unit 2 is 2 Bedrooms and 1 Full Bathroom, and Unit 3 is 1 Bedroom and 1 Bathroom. The price, size, and condition of the property attracts very good tenants of all different types. Pride of ownership is obvious at this property. The owner has self-managed meticulously. ALSO, there are so many options with this property! This is a perfect purchase for an investor, great cash flow and so much upside. This is also ideal for an owner-occupant! Unit 2 has been intentionally left vacant in the event the Buyer will occupy the unit. Live in one unit and the tenants will pay most of the expenses for the property. Contact us so we can walk you through the numbers! Do not wait long, this WILL NOT LAST!! Tax abatement in process, should be approved shortly! Tax abatement will last through 12/31/2030.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $762
Year Built
- Built in 1917 | Remodeled in 2019
Lot Details
- 1,941 Sq Ft Lot
- Lot Dimensions are 19.00 x 100.00
- Infill Lot
- Sprinkler System
- Back Yard
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- Triplex
- Traditional Architecture
- Stone Foundation
- Slab Foundation
- Shingle Roof
- Rubber Roof
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 2,900 Sq Ft Home
- Open Floorplan
- Built-In Features
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Combination Kitchen and Dining Room
- Finished Basement
Kitchen
- Gourmet Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
Flooring
- Wood
- Tile or Brick
Bedrooms and Bathrooms
- Main Floor Bedroom
- En-Suite Bathroom
- Walk-in Shower
Laundry
- Dryer
- Washer
Home Security
- Surveillance System
- Security Gate
- Intercom
- Exterior Cameras
- Motion Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Outdoor Features
- Patio
- Exterior Lighting
Utilities
- Central Air
- Ductless Heating Or Cooling System
- Heating Available
- Electric Water Heater
Listing and Financial Details
- The owner pays for water, real estate taxes, sewer, insurance
- Tax Lot 34
- Assessor Parcel Number 511224800
Community Details
Overview
- 3 Units
- Kingsessing Subdivision
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
- Insurance Expense $1,850
- Maintenance Expense $468
- Other Expense $2,220
- Gross Income $48,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 13, 2022
Closed on
Nov 15, 2022
Sold by
Jackson Amir
Bought by
Wu Henson Willis
Seller's Agent
Eric Feinberg
Keller Williams Realty Group
Buyer's Agent
Stephen Bygrave
Keller Williams Main Line
List Price
$525,000
Sold Price
$489,700
Premium/Discount to List
-$35,300
-6.72%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,192
Avg. Annual Appreciation
2.77%
Original Mortgage
$367,275
Outstanding Balance
$356,620
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$171,272
Purchase Details
Closed on
Dec 3, 2018
Sold by
Williams Margaret and Polland Williams Margaret Renee
Bought by
Jackson Amir
Purchase Details
Closed on
Jun 12, 2015
Sold by
Thomas Tanisha R and Thomas Tanisha
Bought by
Williams Margaret and Poland Williams Margaret Renee
Purchase Details
Closed on
Jun 7, 2004
Sold by
Williams Michael and Williams Margaret
Bought by
Thomas Tanisha
Purchase Details
Closed on
Jan 11, 2000
Sold by
Thomas Qiana
Bought by
Williams Michael and Williams Margaret
Purchase Details
Closed on
Aug 7, 1998
Sold by
Whitney Margaret
Bought by
Thomas Qiana
Purchase Details
Closed on
Mar 3, 1997
Sold by
Whitney Margaret and Whitney Craig
Bought by
Whitney Margaret
Purchase Details
Closed on
Sep 1, 1995
Sold by
Servetnick Jeff
Bought by
Whitney Craig and Whitney Margaret
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wu Henson Willis | $489,700 | City Abstract | |
| Jackson Amir | $5,000 | Title Services | |
| Williams Margaret | -- | None Available | |
| Thomas Tanisha | -- | -- | |
| Williams Michael | -- | -- | |
| Thomas Qiana | -- | -- | |
| Whitney Margaret | -- | -- | |
| Whitney Craig | $4,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wu Henson Willis | $367,275 | |
| Previous Owner | Jackson Amir | $270,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/30/2022 11/30/22 | Sold | $489,700 | -1.9% | $169 / Sq Ft |
| 10/30/2022 10/30/22 | Pending | -- | -- | -- |
| 10/19/2022 10/19/22 | Price Changed | $499,000 | -5.0% | $172 / Sq Ft |
| 10/13/2022 10/13/22 | For Sale | $525,000 | -- | $181 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,946 | $545,500 | $109,100 | $436,400 |
| 2024 | $1,946 | $545,500 | $109,100 | $436,400 |
| 2023 | $1,946 | $139,000 | $27,800 | $111,200 |
| 2022 | $133 | $94,000 | $27,800 | $66,200 |
| 2021 | $763 | $0 | $0 | $0 |
| 2020 | $763 | $0 | $0 | $0 |
| 2019 | $704 | $0 | $0 | $0 |
| 2018 | $577 | $0 | $0 | $0 |
| 2017 | $577 | $0 | $0 | $0 |
| 2016 | $157 | $0 | $0 | $0 |
| 2015 | $552 | $0 | $0 | $0 |
| 2014 | -- | $41,200 | $9,705 | $31,495 |
| 2012 | -- | $8,064 | $1,587 | $6,477 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Feinberg
-
Stephen Bygrave
Buyer's Agent in 2022
Stephen Bygrave
Keller Williams Main Line
1 in this area
4 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2166048
APN: 511224800
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