$500,000
SOLD JAN 13, 2014
-- Bed
-- Bath
2,688 Sq Ft
1,705 Sq Ft Lot

Recently Sold

$186 Per Sq Ft

9% Below List Price

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • 4-minute walk to Thomas Hart Park
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of September 2022

Incredible investment opportunity in rapidly development South Kensington! Fabulous 5 year old development project located across from the Crane Arts Building. Three 2BR/1BA units with beautiful light, space and finishes in a well built and well maintained property. Perfect for an owner occupant/investor or someone interested in cash flow and appreciation. First floor has a private side entrance adjacent to a large patio. Enter into a nice size living room that is open to a large, well appointed eat in kitchen. The two bedrooms are on opposite ends of the unit for privacy. One bedroom has a private entrance. 2nd floor and 3rd floor units have same lay out with entrance into living areas from the stairway. Top floor has vaulted ceilings. Hardwood throughout. Ceramic tile in bathrooms. Modern kitchen with room for a dinner party. W/D in each unit. Large dry basement. Great mechanicals. Come see this multi-family gem that has the quality and beauty that you expect in your own home. Truly a rare opportunity.

Last Agent to Sell the Property

Michael Garden

(215) 500-2981 mg@michaelgarden.com Compass RE License #RS293814 Listed on: 09/25/2013

Compass RE

Co-Listed By

Sarah Scott

(215) 715-8062 sscott@spaceandcompany.com Space & Company

Last Buyer's Agent

Brooke Willmes

(267) 980-5858 brooke@brookeandcohomes.com Keller Williams Main Line License #RS288415

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $338

Year Built

  • Built in 1920

Lot Details

  • 1,705 Sq Ft Lot
  • Lot Dimensions are 20x85

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,688 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 216
  • Assessor Parcel Number 182135600

Community Details

Overview

  • No Home Owners Association
  • Kensington Subdivision

Building Details

  • Electric Expense $360
  • Insurance Expense $3,000
  • Maintenance Expense $2,400
  • Other Expense $2,161
  • Operating Expense $9,359

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$338

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: Refrigerator, Washer And Dryer In Each Unit
  • New Construction: No
  • Other Expense: 2161.00
  • Storage: Basement
  • Year Built: 1920
  • Remarks Public: Incredible investment opportunity in rapidly development South Kensington! Fabulous 5 year old development project located across from the Crane Arts Building. Three 2BR/1BA units with beautiful light, space and finishes in a well built and well maintained property. Perfect for an owner occupant/investor or someone interested in cash flow and appreciation. First floor has a private side entrance adjacent to a large patio. Enter into a nice size living room that is open to a large, well appointed eat in kitchen. The two bedrooms are on opposite ends of the unit for privacy. One bedroom has a private entrance. 2nd floor and 3rd floor units have same lay out with entrance into living areas from the stairway. Top floor has vaulted ceilings. Hardwood throughout. Ceramic tile in bathrooms. Modern kitchen with room for a dinner party. W/D in each unit. Large dry basement. Great mechanicals. Come see this multi-family gem that has the quality and beauty that you expect in your own home. Truly a rare opportunity.
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2688
  • Living Area Sq Ft: 2688
  • Price Per Sq Ft: 204.24
  • Above Grade Finished Sq Ft: 2688
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1432

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco, Brick
  • Roof: Pitched, Metal
  • 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: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Expense: 360.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1100.00
  • 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: 2592.00
  • Land Assessed Value: 864.00
  • Land Use Code: O50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 20X85
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1705.00
  • Property Attached Yn: Yes
  • Zoning: L4

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 51804.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 984237
  • Tax Annual Amount: 338.00
  • Assessor Parcel Number: 182135600
  • Tax Lot: 216
  • Tax Year: 2013
  • Close Date: 01/13/2014

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
Sep 20, 2022
Sold by
1432 N Cadwallader Llc
Bought by
Montelione Joseph
Seller's Agent
Frank DeFazio
BHHS Fox & Roach-Center City Walnut
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$925,000
Sold Price
$840,000
Premium/Discount to List
-$85,000
-9.19%
Views
5
Current Estimated Value
$888,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,607
Avg. Annual Appreciation
4.59%
Original Mortgage
$588,000
Outstanding Balance
$566,429
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$394,936

Purchase Details

Listed on
Nov 21, 2016
Closed on
Feb 21, 2017
Sold by
Szczurek Benjamin M
Bought by
1432 N Cadwallader Llc
Seller's Agent
Brooke Willmes
Keller Williams Main Line
Buyer's Agent
Charles Lindsay
BHHS Fox & Roach-Center City Walnut
List Price
$699,900
Sold Price
$699,000
Premium/Discount to List
-$900
-0.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.35%
Original Mortgage
$559,200
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 25, 2013
Closed on
Jan 13, 2014
Sold by
Hogan Meaghan R
Bought by
Szczurek Benjamin M
Seller's Agent
Michael Garden
Compass RE
Buyer's Agent
Brooke Willmes
Keller Williams Main Line
List Price
$549,000
Sold Price
$500,000
Premium/Discount to List
-$49,000
-8.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.30%
Original Mortgage
$400,000
Interest Rate
4.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2008
Sold by
Junogi Development Group Llc
Bought by
Hogan Meaghan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,394
Interest Rate
6.07%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 17, 2005
Sold by
Yim Melvin K
Bought by
Junogi Development Group Llc
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 Type Sale Price Title Company
Deed $840,000 --
Deed $699,000 None Available
Deed $500,000 None Available
Deed $460,000 None Available
Deed $70,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $588,000 New Conventional
Previous Owner $559,200 Commercial
Previous Owner $400,000 Commercial
Previous Owner $456,394 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2022 09/21/22 Sold $840,000 -6.1% $259 / Sq Ft
05/11/2022 05/11/22 Price Changed $895,000 -3.2% $276 / Sq Ft
03/25/2022 03/25/22 For Sale $925,000 +32.3% $285 / Sq Ft
02/27/2017 02/27/17 Sold $699,000 0.0% $260 / Sq Ft
01/01/2017 01/01/17 Rented $1,400 0.0% --
12/23/2016 12/23/16 Pending -- -- --
12/09/2016 12/09/16 Under Contract -- -- --
11/21/2016 11/21/16 For Sale $699,900 0.0% $260 / Sq Ft
11/14/2016 11/14/16 For Rent $1,500 0.0% --
01/13/2014 01/13/14 Sold $500,000 -8.9% $186 / Sq Ft
10/20/2013 10/20/13 Pending -- -- --
09/25/2013 09/25/13 For Sale $549,000 -- $204 / 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 $9,978 $712,800 $206,700 $506,100
2024 $9,978 $712,800 $206,700 $506,100
2023 $9,978 $712,800 $206,700 $506,100
2022 $9,978 $712,800 $206,700 $506,100
2021 $9,978 $0 $0 $0
2020 $9,978 $0 $0 $0
2019 $9,978 $0 $0 $0
2018 $5,746 $0 $0 $0
2017 $5,746 $0 $0 $0
2016 $5,746 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $191,500 $14,152 $177,348
2012 -- $3,456 $864 $2,592
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003623357

Bright MLS

APN: 182135600