NOT LISTED FOR SALE

Estimated Value: $610,000 - $712,659

-- Bed
3 Baths
2,291 Sq Ft
$285/Sq Ft Est. Value

Last Sold July 25, 2024

Last sale price $639,000 $279 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,713/month

18 Days on Market

Highlights

  • Traditional Architecture
  • 5-minute walk to Tasker-Morris
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Balcony
  • 5-minute walk to Di Silvestro Playground

About This Home

As of July 2024

MODERN, BRIGHT, LEGAL TRIPLEX IN NEWBOLD! Completely Renovated in 2015, with a year and a half left on the TAX ABATEMENT. All Apartments have 2 Bedrooms and 1 Bathroom, Hardwood Floors, Granite Countertops, and Stainless Steel Appliances including dishwasher, microwave, refrigerator and garbage disposal. Each Apartment has a Secure, 8’ x 6’ Storage Room in the fully Finished common area Basement. The Basement is clean and bright and has 2 sets of full size coin-operated Laundry. Coin Laundry generates approximately $75-$100/mo on average (occasionally higher). 24 hrs Notice. Unit 1 Tenant is moving OUT June 30, 2024. Unit 2 Tenant is moving IN on July 1, 2024. Rents are ==> Unit 1-$1,500 (projected), Unit 2-$1,450, and Unit 3-$1,325. Just one block from Broad St, this property is perfectly located for easy access to public transportation and is within walking distance to Passyunk Square. Schedule a tour to see this income producing property today!

Last Agent to Sell the Property

Michael Giuda

EXP Realty, LLC License #1326908 Listed on: 06/08/2024

EXP Realty, LLC

Co-Listed By

Roe Carangi

EXP Realty, LLC License #RS327233

Last Buyer's Agent

Ian Cruse

Keller Williams Realty Centre License #5015011

Keller Williams Realty Centre

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,169

Year Built

  • Built in 1915 | Remodeled in 2015

Lot Details

  • 1,082 Sq Ft Lot
  • Lot Dimensions are 16.00 x 68.00
  • Sprinkler System
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Masonry

Interior Spaces

  • 2,291 Sq Ft Home
  • Wood Flooring
  • Finished Basement

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 200
  • Assessor Parcel Number 365056100

Community Details

Overview

  • 3 Units
  • 3-Story Building

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals, laundry
  • Gross Income $51,300
  • Net Operating Income $39,375

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,169

Year Built

Built in 1915 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: All Refrigerators, Washers, Dryers
  • New Construction: No
  • Year Built: 1915
  • Year Renovated: 2015
  • Automatically Close On Close Date: Yes
  • Remarks Public: MODERN, BRIGHT, LEGAL TRIPLEX IN NEWBOLD! Completely Renovated in 2015, with a year and a half left on the TAX ABATEMENT. All Apartments have 2 Bedrooms and 1 Bathroom, Hardwood Floors, Granite Countertops, and Stainless Steel Appliances including dishwasher, microwave, refrigerator and garbage disposal. Each Apartment has a Secure, 8’ x 6’ Storage Room in the fully Finished common area Basement. The Basement is clean and bright and has 2 sets of full size coin-operated Laundry. Coin Laundry generates approximately $75-$100/mo on average (occasionally higher). 24 hrs Notice. Unit 1 Tenant is moving OUT June 30, 2024. Unit 2 Tenant is moving IN on July 1, 2024. Rents are ==> Unit 1-$1,500 (projected), Unit 2-$1,450, and Unit 3-$1,325. Just one block from Broad St, this property is perfectly located for easy access to public transportation and is within walking distance to Passyunk Square. Schedule a tour to see this income producing property today!
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood
  • Interior Amenities: Sprinkler System
  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2291
  • Living Area Sq Ft: 2291
  • Price Per Sq Ft: 274.99
  • Above Grade Finished Sq Ft: 2291
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1416

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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • 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: Listing Agent

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16.00 x 68.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1082.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Yearly
  • Total Actual Rent: 51300.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 1190.00
  • Tax Annual Amount: 2169.00
  • Assessor Parcel Number: 365056100
  • Tax Lot: 200
  • Tax Total Finished Sq Ft: 2291
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/25/2024

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 52500.00
  • Gross Scheduled Income: 51300.00
  • Income Includes: Apartment Rentals, Laundry
  • 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
Jun 8, 2024
Closed on
Jul 18, 2024
Sold by
Fmj Properties Llc
Bought by
Cruse Ian
Seller's Agent
Michael Giuda
EXP Realty, LLC
Buyer's Agent
Ian Cruse
Keller Williams Realty Centre
List Price
$645,000
Sold Price
$639,000
Premium/Discount to List
-$6,000
-0.93%
Views
6
Current Estimated Value
$653,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,220
Avg. Annual Appreciation
2.48%
Original Mortgage
$627,426
Outstanding Balance
$623,111
Interest Rate
6.86%
Mortgage Type
FHA
Estimated Equity
$33,842

Purchase Details

Closed on
Nov 13, 2015
Sold by
Chang John
Bought by
Fmj Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
3.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2014
Sold by
Florio Alfred
Bought by
Chang John

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
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 11, 2013
Sold by
Rockfeller Emmanuel
Bought by
Florio Alfredo

Purchase Details

Closed on
Jun 6, 1979
Bought by
Emmanuel Rockfeller
Source: Public Records

Range of Values:

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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
Cruse Ian $639,000 None Listed On Document
Fmj Properties Llc $450,000 None Available
Chang John $100,000 Patriot Land Transfer Llc
Florio Alfredo $20,000 None Available
Emmanuel Rockfeller $19,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cruse Ian $627,426
Previous Owner Fmj Properties Llc $274,200
Previous Owner Fmj Properties Llc $273,000
Previous Owner Chang John $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2024 07/25/24 Sold $639,000 +1.4% $279 / Sq Ft
06/24/2024 06/24/24 Price Changed $630,000 -1.6% $275 / Sq Ft
06/23/2024 06/23/24 Price Changed $640,000 -0.8% $279 / Sq Ft
06/08/2024 06/08/24 For Sale $645,000 -- $282 / 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 $2,170 $600,500 $120,100 $480,400
2024 $2,170 $600,500 $120,100 $480,400
2023 $2,170 $645,900 $129,180 $516,720
2022 $1,390 $155,016 $129,180 $25,836
2021 $1,390 $0 $0 $0
2020 $1,390 $0 $0 $0
2019 $1,317 $0 $0 $0
2018 $5,599 $0 $0 $0
2017 $1,317 $0 $0 $0
2016 $1,317 $0 $0 $0
2015 $1,261 $0 $0 $0
2014 -- $94,100 $13,394 $80,706
2012 -- $7,552 $1,510 $6,042
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2360484

Bright MLS

APN: 365056100