NOT LISTED FOR SALE

Estimated Value: $822,000 - $907,186

-- Bed
3 Baths
2,400 Sq Ft
$357/Sq Ft Est. Value

Last Sold February 23, 2023

Last sale price $800,000 $333 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,272/month

119 Days on Market

Highlights

  • Wood Flooring
  • 1-minute walk to Tasker-Morris
  • Central Air
  • 1 Car Attached Garage
  • Parking Storage or Cabinetry
  • 4-minute walk to Di Silvestro Playground

About This Home

As of February 2023

Rare opportunity to own a pristinely kept triplex right in the heart of Philadelphia's East Passyunk district. The classic brick front corner property is situated less than a block from Broad Street. A short walk to all of the shopping, entertainment, and dining that East Passyunk Avenue is known for. The property also features a side entry garage space with extra room for storage or a workshop/studio. Inside the 3 story structure, you will notice a nice blend of original character and modern mechanicals. The first floor features a spacious 1 bedroom, 1 bath apartment with an extra large kitchen and plenty of light. The second floor has a 2 bedroom, 1 bath apartment with a spacious deck included. Up on the 3rd floor, you will find another 2 bedroom, 1 bath apartment with a perfect layout for roommates. The semi-finished basement is currently set up as a common area for the tenants. Washer, Dryer, and plenty of storage space for each tenant. This investment opportunity is turn-key with the potential to bring rents to market rate to increase returns. See attached financials and projections.

Last Agent to Sell the Property

Aaron Byles

(267) 934-2585 aaron@venturephilly.com KW Empower Listed on: 09/28/2022

KW Empower

Last Buyer's Agent

Chris DiBiase

(215) 520-7225 cdibiase@kw.com Compass RE

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,800

Year Built

  • Built in 1915

Lot Details

  • 1,040 Sq Ft Lot
  • Lot Dimensions are 16.00 x 65.00

Parking

  • 1 Car Attached Garage
  • Parking Storage or Cabinetry
  • Side Facing Garage

Home Design

  • Triplex
  • Flat Roof Shape
  • Stone Foundation
  • Masonry

Interior Spaces

  • 2,400 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Utilities

  • Central Air
  • Radiant Heating System
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 376
  • Assessor Parcel Number 394524200

Community Details

Overview

  • 3 Units
  • Passyunk Square Subdivision

Building Details

  • Operating Expense $13,400
  • Net Operating Income $43,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,800

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: Washer & dryer
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: Rare opportunity to own a pristinely kept triplex right in the heart of Philadelphia's East Passyunk district. The classic brick front corner property is situated less than a block from Broad Street. A short walk to all of the shopping, entertainment, and dining that East Passyunk Avenue is known for. The property also features a side entry garage space with extra room for storage or a workshop/studio. Inside the 3 story structure, you will notice a nice blend of original character and modern mechanicals. The first floor features a spacious 1 bedroom, 1 bath apartment with an extra large kitchen and plenty of light. The second floor has a 2 bedroom, 1 bath apartment with a spacious deck included. Up on the 3rd floor, you will find another 2 bedroom, 1 bath apartment with a perfect layout for roommates. The semi-finished basement is currently set up as a common area for the tenants. Washer, Dryer, and plenty of storage space for each tenant. This investment opportunity is turn-key with the potential to bring rents to market rate to increase returns. See attached financials and projections.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 353.75
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1324

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Covered Parking, Garage - Side Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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: 502960.00
  • Land Assessed Value: 125740.00
  • Land Use Code: U50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16.00 x 65.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1040.00
  • Year Assessed: 2023
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Total Actual Rent: 56700.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1152108
  • School Tax: 4829.00
  • Tax Annual Amount: 8800.00
  • Assessor Parcel Number: 394524200
  • Tax Lot: 376
  • Tax Total Finished Sq Ft: 2400
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 02/23/2023

Multi Family

  • Operating Expense: 13400.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Feb 21, 2023
Sold by
Provost Stephanie
Bought by
Bermeo-Espinosa Paciano and Perez-Botello Martha
Seller's Agent
Aaron Byles
KW Empower
Buyer's Agent
Chris DiBiase
Compass RE
List Price
$849,000
Sold Price
$800,000
Premium/Discount to List
-$49,000
-5.77%
Views
22
Current Estimated Value
$856,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,062
Avg. Annual Appreciation
0.48%
Original Mortgage
$480,000
Outstanding Balance
$467,605
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$342,361

Purchase Details

Listed on
Jul 15, 2015
Closed on
Sep 23, 2015
Sold by
Senga Development Lp
Bought by
Provost Stephanie
Seller's Agent
Michael Becker
KW Empower
Buyer's Agent
Aaron Byles
KW Empower
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.18%
Original Mortgage
$540,038
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 13, 2002
Sold by
Restifo Joseph V and Will Of Elia Restifo
Bought by
Restifo Joseph V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 1997
Sold by
Restifo Richard
Bought by
Restifo Joseph V
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
Bermeo-Espinosa Paciano $800,000 --
Provost Stephanie $550,000 None Available
Restifo Joseph V -- Commonwealth Land Title Insu
Restifo Joseph V -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bermeo-Espinosa Paciano $480,000
Previous Owner Provost Stephanie $540,038
Previous Owner Restifo Joseph V $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2023 02/23/23 Sold $800,000 -5.8% $333 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
01/25/2023 01/25/23 For Sale $849,000 +6.1% $354 / Sq Ft
12/13/2022 12/13/22 Off Market $800,000 -- --
09/28/2022 09/28/22 For Sale $849,000 +54.4% $354 / Sq Ft
09/23/2015 09/23/15 Sold $550,000 -8.2% $208 / Sq Ft
08/21/2015 08/21/15 Pending -- -- --
07/15/2015 07/15/15 For Sale $599,000 -- $227 / 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 $8,801 $854,100 $170,820 $683,280
2024 $8,801 $854,100 $170,820 $683,280
2023 $8,801 $628,700 $125,740 $502,960
2022 $8,571 $628,700 $125,740 $502,960
2021 $8,571 $0 $0 $0
2020 $8,571 $0 $0 $0
2019 $7,909 $0 $0 $0
2018 $4,619 $0 $0 $0
2017 $4,619 $0 $0 $0
2016 $4,619 $0 $0 $0
2015 $2,376 $0 $0 $0
2014 -- $177,300 $19,610 $157,690
2012 -- $14,464 $1,622 $12,842
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2162670

Bright MLS

APN: 394524200