NOT LISTED FOR SALE

Estimated Value: $131,000 - $306,474

-- Bed
2 Baths
1,414 Sq Ft
$161/Sq Ft Est. Value

Last Sold June 20, 2024

Last sale price $290,000 $205 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,708/month

15 Days on Market

Highlights

  • Contemporary Architecture
  • 1-minute walk to North Philadelphia
  • Electric Baseboard Heater
  • Luxury Vinyl Plank Tile Flooring
  • Ceiling Fan
  • 5-minute walk to 12th & Cambria Recreation Center

About This Home

As of June 2024

Introducing 1321 W Somerset, a great opportunity for someone looking to house hack or a savvy investor looking to add a turn-key opportunity primed for appreciation to their portfolio. Tasteful, fully renovated duplex available in the North Philadelphia Glenwood Area. Each unit contains two bedrooms with closets, a full bathroom, and a fully outfitted kitchen with modern cabinets, stainless steel appliances and quartz countertops. Both units will be delivered to include washer/dryers. The first floor unit has the benefit of huge and private rear yard as well as clean basement for storage. The second floor unit boasts larger living areas and bedrooms with tons of natural light, perfect for an owner occupant. Each unit is outfitted with baseboard heating to save the future landlord from any calls about hvac issues. Prospective tenants will be well positioned for a convenient commute given that the property is a block away from N. Broad St. Tenants will also find an abundance of street parking at all times around the property. Opportunities to own well-renovated multifamily properties are few and far between in this market so come check out this opportunity before it is too late!! Each Unit projected rent for $1450+ per month. Disclosure: Agent has financial interest.

Last Agent to Sell the Property

William Hannum

Real of Pennsylvania License #RS358666 Listed on: 04/06/2024

Real of Pennsylvania

Last Buyer's Agent

Shaun Jones

Keller Williams Real Estate - Newtown License #AB069669

Keller Williams Real Estate - Newtown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,153

Year Built

  • Built in 1925

Lot Details

  • 1,091 Sq Ft Lot
  • Lot Dimensions are 16.00 x 70.00
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Stone Foundation
  • Masonry

Interior Spaces

  • 1,414 Sq Ft Home
  • Ceiling Fan
  • Luxury Vinyl Plank Tile Flooring
  • Stacked Electric Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 54
  • Assessor Parcel Number 372348900

Community Details

Overview

  • 2 Units
  • 2-Story Building

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,153

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Remarks Public: Introducing 1321 W Somerset, a great opportunity for someone looking to house hack or a savvy investor looking to add a turn-key opportunity primed for appreciation to their portfolio. Tasteful, fully renovated duplex available in the North Philadelphia Glenwood Area. Each unit contains two bedrooms with closets, a full bathroom, and a fully outfitted kitchen with modern cabinets, stainless steel appliances and quartz countertops. Both units will be delivered to include washer/dryers. The first floor unit has the benefit of huge and private rear yard as well as clean basement for storage. The second floor unit boasts larger living areas and bedrooms with tons of natural light, perfect for an owner occupant. Each unit is outfitted with baseboard heating to save the future landlord from any calls about hvac issues. Prospective tenants will be well positioned for a convenient commute given that the property is a block away from N. Broad St. Tenants will also find an abundance of street parking at all times around the property. Opportunities to own well-renovated multifamily properties are few and far between in this market so come check out this opportunity before it is too late!! Each Unit projected rent for $1450+ per month. Disclosure: Agent has financial interest.
  • Special Features: None

Interior Features

  • Appliances: Built-In Microwave, Oven/Range - Electric, Water Heater, Washer/Dryer Stacked, Washer - Front Loading, Dryer - Electric, Dishwasher, Refrigerator
  • Flooring Type: Luxury Vinyl Plank
  • Fireplace: No
  • Foundation Details: Stone
  • Room Count: 8
  • Total Sq Ft: 1414
  • Living Area Sq Ft: 1414
  • Price Per Sq Ft: 205.08
  • Above Grade Finished Sq Ft: 1414
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1321

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: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: 3rd Party

Lot Info

  • Land Use Code: O30
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 70.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1091.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 632.00
  • Tax Annual Amount: 1153.00
  • Assessor Parcel Number: 372348900
  • Tax Lot: 54
  • Tax Total Finished Sq Ft: 1414
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 06/20/2024

Multi Family

  • Number Of Units Vacant: 2
  • Gross Income: 34800.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2024
Closed on
Jun 18, 2024
Sold by
Briq House Llc
Bought by
Chicas Edgar Adrian
Seller's Agent
William Hannum
Real of Pennsylvania
Buyer's Agent
Shaun Jones
Keller Williams Real Estate - Newtown
List Price
$299,990
Sold Price
$290,000
Premium/Discount to List
-$9,990
-3.33%
Views
27
Current Estimated Value
$294,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,492
Avg. Annual Appreciation
1.36%
Original Mortgage
$14,500
Outstanding Balance
$14,391
Interest Rate
7.02%
Estimated Equity
$280,101

Purchase Details

Listed on
Jun 25, 2023
Closed on
Sep 28, 2023
Sold by
Feinstein Alyssa
Bought by
Briq House Llc
Seller's Agent
Kim Porter
Keller Williams Real Estate-Doylestown
Buyer's Agent
William Hannum
Real of Pennsylvania
List Price
$109,000
Sold Price
$71,500
Premium/Discount to List
-$37,500
-34.4%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
580.77%
Original Mortgage
$164,300
Interest Rate
7.09%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 25, 2022
Sold by
Wmc Enterprises Llc
Bought by
Feinstein Alyssa

Purchase Details

Closed on
Nov 23, 2020
Sold by
Mangual Brothers Llc
Bought by
Wmc Enterprises Llc

Purchase Details

Closed on
Jul 27, 2019
Sold by
Velez Raymon
Bought by
Manguel Brothers Llc

Purchase Details

Closed on
Sep 29, 2015
Sold by
Lawton Robert and Lawton Linda Renne
Bought by
Velez Raymon

Purchase Details

Closed on
Jan 5, 1990
Bought by
Lawton Robert and Lawton Linda R
Source: Public Records

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
Chicas Edgar Adrian $290,000 None Listed On Document
Briq House Llc $71,500 Go Abstract Services
Feinstein Alyssa $15,000 None Listed On Document
Wmc Enterprises Llc $15,000 Camelot Abstract
Manguel Brothers Llc $10,000 None Available
Velez Raymon $7,900 None Available
Lawton Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chicas Edgar Adrian $14,500
Open Chicas Edgar Adrian $275,500
Previous Owner Briq House Llc $164,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2024 06/20/24 Sold $290,000 0.0% $205 / Sq Ft
04/21/2024 04/21/24 Pending -- -- --
04/15/2024 04/15/24 Price Changed $289,990 -3.3% $205 / Sq Ft
04/06/2024 04/06/24 For Sale $299,990 +319.6% $212 / Sq Ft
09/28/2023 09/28/23 Sold $71,500 -27.8% $51 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
08/30/2023 08/30/23 Price Changed $99,000 -4.8% $70 / Sq Ft
08/28/2023 08/28/23 Price Changed $104,000 -4.6% $74 / Sq Ft
06/25/2023 06/25/23 For Sale $109,000 -- $77 / Sq Ft
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 $1,153 $113,400 $22,680 $90,720
2024 $1,153 $113,400 $22,680 $90,720
2023 $1,153 $82,400 $16,480 $65,920
2022 $504 $82,400 $16,480 $65,920
2021 $504 $0 $0 $0
2020 $504 $0 $0 $0
2019 $659 $0 $0 $0
2018 $843 $0 $0 $0
2017 $843 $0 $0 $0
2016 $843 $0 $0 $0
2015 $517 $0 $0 $0
2014 -- $38,600 $3,054 $35,546
2012 -- $1,248 $338 $910
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2340102

Bright MLS

APN: 372348900