Seller's Agent in 2024
Anastasia Tran
KW Empower
(215) 869-8280
2 in this area
65 Total Sales
125 W Chew Ave Philadelphia, PA 19120
Olney NeighborhoodEstimated Value: $299,780
3
Beds
2
Baths
1,904
Sq Ft
$157/Sq Ft
Est. Value
Highlights
- No HOA
- 60+ Gallon Tank
- Heat Pump System
About This Home
As of February 2024Centrally located in Northeast Philadelphia, this 1,904sqft property offers a multitude of possibilities for business owners seeking a storefront and a residence, close to the shopping center and groceries. Divided as a duplex, but zoning is RSA5 (single-family). The renovated 2nd level residence impresses with an openly flowing layout, soft natural light, beautiful faux wood flooring, modern paint hues, spacious living room, chic full bathroom, large bedrooms, and an open concept kitchen featuring stainless-steel appliances. Fashioned as a storefront, the lower-level may be utilized as a shop or even a fashionable salon. Boasting a potential annual net income of $40,000 with a cap rate of 8%, this affords a rare and potentially profitable opportunity for a seasoned investor. Please note, the back cottage (separate entrance) is occupied by a squatter, and seller is in the eviction process, expected to be done by the end of June. The property was divided into a duplex; however zoning is RSA5, single family. The previous owner did variance in 1975 and operated Child Care before. Seize the moment, and call now to schedule a private showing!
Last Agent to Sell the Property
(215) 869-8280 anastasia.tran723@gmail.com KW Empower Listed on: 05/18/2023
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,117
Year Built
- Built in 1925
Lot Details
- 1,600 Sq Ft Lot
- Lot Dimensions are 17.00 x 97.00
Parking
- On-Street Parking
Home Design
- Back-to-Back Home
- Brick Foundation
- Masonry
Interior Spaces
- 1,904 Sq Ft Home
- Property has 2 Levels
- Unfinished Basement
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Utilities
- Window Unit Cooling System
- Heat Pump System
- 60+ Gallon Tank
Community Details
- No Home Owners Association
- Olney Subdivision
Listing and Financial Details
- Tax Lot 39
- Assessor Parcel Number 871582590
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 18, 2023
Closed on
Feb 1, 2024
Sold by
Nguyen Minh Hao
Bought by
Joseph Meriles
Seller's Agent
Anastasia Tran
KW Empower
Buyer's Agent
Meriles Joseph
Long & Foster Real Estate, Inc.
List Price
$249,900
Sold Price
$256,900
Premium/Discount to List
$7,000
2.8%
Views
254
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
$42,880
Avg. Annual Appreciation
9.87%
Original Mortgage
$252,246
Outstanding Balance
$247,788
Interest Rate
6.61%
Mortgage Type
FHA
Estimated Equity
$51,992
Purchase Details
Closed on
Dec 30, 2022
Sold by
Pierre-Banini Audrey Jerome
Bought by
Nguyen Mihn Hao
Purchase Details
Closed on
May 31, 2006
Sold by
Goldstein Larry
Bought by
Pierre Audrey Jerome
Purchase Details
Closed on
Oct 3, 2005
Sold by
Cochran John E and Cochran Elizabeth A
Bought by
Goldstein Larry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.28%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Joseph Meriles | $256,900 | None Listed On Document | |
| Nguyen Mihn Hao | $75,000 | -- | |
| Pierre Audrey Jerome | $120,000 | None Available | |
| Goldstein Larry | $85,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Joseph Meriles | $252,246 | |
| Previous Owner | Goldstein Larry | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/05/2024 02/05/24 | Sold | $256,900 | +2.8% | $135 / Sq Ft |
| 10/27/2023 10/27/23 | Price Changed | $249,900 | 0.0% | $131 / Sq Ft |
| 06/03/2023 06/03/23 | Pending | -- | -- | -- |
| 05/18/2023 05/18/23 | For Sale | $249,900 | -- | $131 / 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 | $2,118 | $151,900 | $30,380 | $121,520 |
| 2024 | $2,118 | $151,900 | $30,380 | $121,520 |
| 2023 | $2,118 | $151,300 | $30,260 | $121,040 |
| 2022 | $2,021 | $151,300 | $30,260 | $121,040 |
| 2021 | $2,021 | $0 | $0 | $0 |
| 2020 | $2,021 | $0 | $0 | $0 |
| 2019 | $2,002 | $0 | $0 | $0 |
| 2018 | $1,944 | $0 | $0 | $0 |
| 2017 | $2,276 | $0 | $0 | $0 |
| 2016 | $2,276 | $0 | $0 | $0 |
| 2015 | $2,179 | $0 | $0 | $0 |
| 2014 | -- | $162,600 | $12,214 | $150,386 |
Source: Public Records
Agents Affiliated with this Home
-
Anastasia Tran
-
Meriles Joseph
Buyer's Agent in 2024
Meriles Joseph
Long & Foster
(484) 477-6285
9 in this area
142 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2235868
APN: 871582590
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