NOT LISTED FOR SALE

1417 W Ritner St Philadelphia, PA 19145

South Philadelphia West Neighborhood

Estimated Value: $393,000 - $516,000

-- Bed
-- Bath
2,368 Sq Ft
$184/Sq Ft Est. Value

Last Sold September 30, 2013

Last sale price $180,000 $76 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $2,825/month

15 Days on Market

Highlights

  • No HOA
  • 5-minute walk to Snyder
  • Heating System Uses Gas
  • En-Suite Primary Bedroom

About This Home

As of September 2013

Legal Triplex with separate utilities just off Broad Street in Marconi west section of South Philadelphia. Tons of potential and can be packaged with 1415 Ritner St and 2001 S. 11th St. All three properties are Legal Triplexes. Traditional and in need of repairs property are being sold in "as is" condition. 2-2br units and 1-1br unit. All units are occupied and on month to month leases.

Last Agent to Sell the Property

Chris Mattioli

Compass RE License #RS275918 Listed on: 08/05/2013

Compass RE

Co-Listed By

Angelo Giganti

KW Empower

Last Buyer's Agent

Suqing Fan

Triamond Realty License #RS304225

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,610

Year Built

  • Built in 1923

Lot Details

  • 960 Sq Ft Lot
  • Lot Dimensions are 16x60

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,368 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 261023900

Community Details

Overview

  • No Home Owners Association
  • Marconi Park West Subdivision

Building Details

  • Operating Expense $1,610

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,610

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1923
  • Remarks Public: Legal Triplex with separate utilities just off Broad Street in Marconi west section of South Philadelphia. Tons of potential and can be packaged with 1415 Ritner St and 2001 S. 11th St. All three properties are Legal Triplexes. Traditional and in need of repairs property are being sold in "as is" condition. 2-2br units and 1-1br unit. All units are occupied and on month to month leases.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Washer In Unit
  • Total Sq Ft: 2368
  • Living Area Sq Ft: 2368
  • Price Per Sq Ft: 78.13
  • Above Grade Finished Sq Ft: 2368
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1417

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Improvement Assessed Value: 14826.00
  • Land Assessed Value: 1654.00
  • Land Use Code: U50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16X60
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 960.00
  • Zoning: R10A

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 17100.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1039692
  • Tax Annual Amount: 1610.00
  • Assessor Parcel Number: 261023900
  • Tax Lot: 37
  • Tax Year: 2013
  • Close Date: 09/30/2013

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2013
Closed on
Sep 30, 2013
Sold by
Magnarelli Donata
Bought by
Huang Xu Fang
Seller's Agent
Chris Mattioli
Compass RE
Buyer's Agent
Suqing Fan
Triamond Realty
List Price
$185,000
Sold Price
$180,000
Premium/Discount to List
-$5,000
-2.7%
Current Estimated Value
$435,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,588
Avg. Annual Appreciation
7.44%
Original Mortgage
$144,000
Interest Rate
4.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 1971
Bought by
Mario Magnarelli and Mario Donata
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
Huang Xu Fang $180,000 None Available
Mario Magnarelli $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Xu Fang $234,500
Closed Huang Xu Fang $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2013 09/30/13 Sold $180,000 -2.7% $76 / Sq Ft
08/20/2013 08/20/13 Pending -- -- --
08/05/2013 08/05/13 For Sale $185,000 -- $78 / 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 $5,645 $431,400 $86,280 $345,120
2024 $5,645 $431,400 $86,280 $345,120
2023 $5,645 $403,300 $80,660 $322,640
2022 $4,388 $403,300 $80,660 $322,640
2021 $4,388 $0 $0 $0
2020 $4,388 $0 $0 $0
2019 $4,079 $0 $0 $0
2018 $2,469 $0 $0 $0
2017 $2,469 $0 $0 $0
2016 $2,469 $0 $0 $0
2015 $2,364 $0 $0 $0
2014 -- $176,400 $16,427 $159,973
2012 -- $16,480 $1,654 $14,826
Source: Public Records

Agents Affiliated with this Home

  • Chris Mattioli

    Seller's Agent in 2013

    Chris Mattioli

    Compass RE

    (215) 768-9289

    1 Total Sale

    Chris Mattioli
    Section Image
  • Angelo Giganti

    Seller Co-Listing Agent in 2013

    Angelo Giganti

    KW Empower

    (267) 688-1133

    3 Total Sales

    Angelo Giganti
    Section Image
  • Suqing Fan

    Buyer's Agent in 2013

    Suqing Fan

    Triamond Realty

    (267) 243-1892

    7 in this area

    130 Total Sales

    Suqing Fan
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003545396

Bright MLS

APN: 261023900

Pennsylvania Philadelphia County Philadelphia 19145 South Philadelphia West

1417 W Ritner St, Philadelphia, PA

This home is located at 1417 W Ritner St, Philadelphia, PA 19145 since 05 August 2013 and is currently estimated at $435,588, approximately $183 per square foot. This property was built in 1923. 1417 W Ritner St is a home located in Philadelphia County with nearby schools including Stephen Girard School, Philadelphia Performing Arts Charter School, and Universal Vare Charter School.

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