NOT LISTED FOR SALE

1324 W Ritner St Philadelphia, PA 19148

South Philadelphia East Neighborhood

Estimated Value: $423,397

-- Bed
-- Bath
2,784 Sq Ft
$152/Sq Ft Est. Value

Last Sold August 24, 2021

Last sale price $380,000 $136 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,575/month

Highlights

  • No HOA
  • Home Security System
  • Dwelling with Rental
  • Intercom
  • Forced Air Heating and Cooling System
  • Property is in excellent condition

About This Home

As of August 2021

This corner Medical Office and income producing Apartments are across from Methodist Hospital and available now. As you enter into the Ritner Street side of the office there's a waiting room with enclosed reception desk beyond the privacy door. Through the hallway are three private rooms. powder room, rear storage room and office with side entrance on Juniper Street. This space offers flexibility for a medical/dental office, salon, day care, or even retail shop. There's a finished basement which offers an open lounge area, kitchen, storage, gym or another office, all mechanicals and bathroom. This could be a separate entrance with current Bilco doors on Juniper Street. Above the office are two very spacious apartments on the second and third floor. Exit the office and on the Juniper Street side of the property and there is a gated entry to the second and third floor apartments with long term tenants that have been on a month to month basis. Both units offer generous space in the living/dining areas, full bathrooms, in-unit washer/dryer and a bedroom with city views. Minutes from the Broad Street Subway line, and the #4 Septa bus, close to I-95, Center City, I-76, and the sports complex. Walkers Paradise! Methodist Hospital, Starbucks, Ristorante Pesto, Post Office, Target and Sprouts are all nearby! Tenants occupying both rental units. Please give 24 hour notice for showings. Come Take a Look! We Welcome Your Showing!

Last Agent to Sell the Property

Donna DeStefano

(215) 732-8300 info@parealtyworks.com PA RealtyWorks LLC License #RM426151 Listed on: 04/02/2021

Co-Listed By

Mary Mastrobuoni

(215) 901-6772 maryrmastrobuoni@gmail.com PA RealtyWorks LLC License #RS331213

Last Buyer's Agent

Donna DeStefano

(215) 732-8300 info@parealtyworks.com PA RealtyWorks LLC License #RM426151 Listed on: 04/02/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,338

Year Built

  • Built in 1915

Lot Details

  • 1,024 Sq Ft Lot
  • Lot Dimensions are 16.00 x 64.00
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • 2,784 Sq Ft Home
  • Triplex
  • Dwelling with Rental
  • Brick Exterior Construction
  • Masonry

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

  • Abram Jenks Elementary School
  • Universal Vare Charter Middle School
  • South Philadelphia High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • 100 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Finished Basement

Community Details

  • No Home Owners Association
  • 2 Units
  • 3-Story Building
  • Philadelphia Subdivision

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 871181400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,338

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Architectural Style: Dwelling With Rental
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Washer, Refrigerator, Microwave, Oven/Range - Electric
  • Interior Amenities: Store/Office, Intercom
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2784
  • Living Area Sq Ft: 2784
  • Price Per Sq Ft: 175.65
  • Above Grade Finished Sq Ft: 2784
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry
  • Spa: No
  • 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: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Main Entrance Lock, Security System, Smoke Detector, Carbon Monoxide Detector(s), Intercom
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: Listing Agent
  • School District Source: 3rd Party
  • Elementary School: ABRAM JENKS
  • High School: SOUTH PHILADELPHIA
  • Middle Or Junior School: UNIVERSAL VARE CHARTER SCHOOL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 247920.00
  • Land Assessed Value: 61980.00
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16.00 x 64.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1024.00
  • Property Condition: Excellent
  • Zoning: CMX1

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Rent Control: No
  • Total Actual Rent: 43200.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1150830
  • School Tax: 2380.00
  • Tax Annual Amount: 4338.00
  • Assessor Parcel Number: 871181400
  • Tax Lot: 25
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
Aug 17, 2021
Sold by
Renzi Joseph S
Bought by
Joyces Family Llc
Seller's Agent
Donna DeStefano
PA RealtyWorks LLC
Buyer's Agent
Donna DeStefano
PA RealtyWorks LLC
List Price
$489,000
Sold Price
$380,000
Premium/Discount to List
-$109,000
-22.29%
Current Estimated Value
$423,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,397
Avg. Annual Appreciation
2.61%
Original Mortgage
$200,000
Outstanding Balance
$181,190
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$242,207

Purchase Details

Closed on
Feb 23, 2011
Sold by
Broad Louis T and Broad Andrea R
Bought by
Renzi Joseph J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.75%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Joyces Family Llc $380,000 First City Abstract Agcy Inc
Renzi Joseph J $325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joyces Family Llc $200,000
Previous Owner Renzi Joseph J $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2021 08/24/21 Sold $380,000 -22.3% $136 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
04/23/2021 04/23/21 Price Changed $489,000 0.0% $176 / Sq Ft
04/23/2021 04/23/21 For Sale $489,000 +28.7% $176 / Sq Ft
04/22/2021 04/22/21 Off Market $380,000 -- --
04/02/2021 04/02/21 For Sale $499,000 -- $179 / 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 $4,309 $388,700 $77,740 $310,960
2024 $4,309 $388,700 $77,740 $310,960
2023 $4,309 $307,800 $61,560 $246,240
2022 $4,338 $307,800 $61,560 $246,240
2021 $4,338 $0 $0 $0
2020 $4,338 $309,900 $61,980 $247,920
2019 $4,296 $0 $0 $0
2018 $4,171 $0 $0 $0
2017 $2,721 $0 $0 $0
2016 $2,721 $0 $0 $0
2015 $2,605 $0 $0 $0
2014 -- $194,400 $20,500 $173,900
2012 -- $28,128 $4,817 $23,311
Source: Public Records

Agents Affiliated with this Home

  • Donna DeStefano

    Seller's Agent in 2021

    Donna DeStefano

    PA RealtyWorks LLC

    (215) 732-8300

    4 in this area

    45 Total Sales

    Donna DeStefano
    Section Image

  • M

    Seller Co-Listing Agent in 2021

    Mary Mastrobuoni

    PA RealtyWorks LLC

    (215) 901-6772

    2 in this area

    25 Total Sales

    Mary Mastrobuoni
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH1001110

Bright MLS

APN: 871181400

Pennsylvania Philadelphia County Philadelphia 19148 South Philadelphia East

1324 W Ritner St, Philadelphia, PA

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