Seller's Agent in 2022
Emily Ou
Realty Mark Associates-CC
(267) 808-1970
3 in this area
64 Total Sales
1312 S 8th St Philadelphia, PA 19147
Passyunk Square NeighborhoodEstimated Value: $405,000 - $570,000
--
Bed
3
Baths
2,160
Sq Ft
$226/Sq Ft
Est. Value
Highlights
- Straight Thru Architecture
- Radiator
- 1-minute walk to Louis P Paolone Sr Memorial Park
About This Home
As of June 2022Prime corner mixed used building at 8th and Wharton, around East Passyunk Area. It's surrounded by grocery stores, coffee houses and restaurants. It's only 2 blocks to Pat's and Geno's famous steaks. The property is currently set up as a triplex with long term tenants (10-12 years), who always pay on time. The first floor unit consists of 3 bedrooms and 1 bath with the basement for extra storage. Second floor has 3 bedrooms and 1 bath. Third floor consists of 3 bedrooms and 1 bath. The rent for each unit is $1100, $900 and $900. Landlord pays for all utilities. Don't miss the opportunity to own this corner building. You can either keep the way it is, or you are welcome to fully rehab the property to maximize it's equity and potential. Depends on what you plan to do with the location, Seller provides options to sign a yearly lease with the tenants with month to month leases.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,440
Year Built
- Built in 1915
Lot Details
- 1,133 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 2,160 Sq Ft Home
- Triplex
- Straight Thru Architecture
- Flat Roof Shape
- Stone Foundation
- Masonry
Utilities
- Window Unit Cooling System
- Radiator
- Electric Water Heater
Listing and Financial Details
- The owner pays for water, gas, electricity, real estate taxes, insurance
- Tax Lot 228
- Assessor Parcel Number 012254100
Community Details
Overview
- 3 Units
Building Details
- Trash Expense $500
- Gross Income $33,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 16, 2022
Closed on
Jun 28, 2022
Sold by
Zheng Yan H
Bought by
Puskas Rudolph Manfred
Seller's Agent
Emily Ou
Realty Mark Associates-CC
Buyer's Agent
Christina Lim
Realty Mark Associates-CC
List Price
$389,000
Sold Price
$338,000
Premium/Discount to List
-$51,000
-13.11%
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
$138,500
Avg. Annual Appreciation
10.72%
Original Mortgage
$253,500
Outstanding Balance
$242,932
Interest Rate
5.1%
Mortgage Type
Balloon
Estimated Equity
$221,068
Purchase Details
Closed on
Mar 4, 2009
Sold by
Tang Hon and Chung Yim Ling
Bought by
Zheng Yan H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
5.18%
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 |
|---|---|---|---|
| Puskas Rudolph Manfred | $338,000 | None Listed On Document | |
| Zheng Yan H | $140,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Puskas Rudolph Manfred | $253,500 | |
| Previous Owner | Zheng Yan Hong | $0 | |
| Previous Owner | Zheng Yan H | $91,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2022 06/28/22 | Sold | $338,000 | -13.1% | $156 / Sq Ft |
| 04/27/2022 04/27/22 | Pending | -- | -- | -- |
| 03/16/2022 03/16/22 | For Sale | $389,000 | -- | $180 / 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 | $4,731 | $469,900 | $93,980 | $375,920 |
| 2024 | $4,731 | $469,900 | $93,980 | $375,920 |
| 2023 | $6,305 | $338,000 | $67,600 | $270,400 |
| 2022 | $4,440 | $450,400 | $90,080 | $360,320 |
| 2021 | $4,440 | $0 | $0 | $0 |
| 2020 | $4,440 | $0 | $0 | $0 |
| 2019 | $2,542 | $0 | $0 | $0 |
| 2018 | $2,401 | $0 | $0 | $0 |
| 2017 | $2,401 | $0 | $0 | $0 |
| 2016 | $2,401 | $0 | $0 | $0 |
| 2015 | $1,556 | $0 | $0 | $0 |
| 2014 | -- | $116,100 | $19,841 | $96,259 |
| 2012 | -- | $8,448 | $1,531 | $6,917 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2022
Christina Lim
Realty Mark Associates-CC
(267) 414-8502
2 in this area
54 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2094474
APN: 012254100
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