NOT LISTED FOR SALE

1432 W Ritner St Philadelphia, PA 19145

South Philadelphia West Neighborhood

Estimated Value: $434,652 - $477,000

-- Bed
3 Baths
1,728 Sq Ft
$264/Sq Ft Est. Value

Last Sold January 12, 2016

Last sale price $249,000 $144 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,804/month

Highlights

  • No HOA
  • Hot Water Heating System
  • Southwest Facing Home
  • En-Suite Primary Bedroom

About This Home

As of January 2016

Triplex - 3 Story brick exterior. Good investment property with two long term tenants. First floor tenant has use of full, unfinished basement which has a clothes washer & dryer. There are three separate hot water tanks and three separate gas heaters. Tenants pay electric and gas utilities. Electricity is on four separate meters with the owner paying nominal amount for common area usage. Owner pays water of about $800.00 annually. Property is in the heart of South Philadelphia, walking distance to transportation, shopping and sporting/concert events. Showings should be scheduled for Mondays or Tuesdays from 5:30 to 7:15 PM but need tenant confirmation.

Last Agent to Sell the Property

Tony Marchese

(610) 574-1896 tmarchese@cbpref.com Coldwell Banker Realty License #RS325214 Listed on: 02/12/2015

Coldwell Banker Realty

Last Buyer's Agent

Eric Speca

(215) 298-3030 ericspeca@gmail.com DJCRE Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,364

Year Built

  • Built in 1915

Lot Details

  • 900 Sq Ft Lot
  • Lot Dimensions are 15x60
  • Southwest Facing Home
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,728 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Schools

  • South Philadelphia High School

Utilities

  • Radiator
  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 222
  • Assessor Parcel Number 261030500

Community Details

Overview

  • No Home Owners Association
  • Girard Estates Subdivision

Building Details

  • Insurance Expense $1,824
  • Maintenance Expense $756
  • Operating Expense $5,748

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,364

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1728
  • Living Area Sq Ft: 1728
  • Price Per Sq Ft: 153.36
  • Above Grade Finished Sq Ft: 1728
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • 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, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 804.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: SOUTH PHILADELPHIA

Lot Info

  • Improvement Assessed Value: 161000.00
  • Land Assessed Value: 15400.00
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15X60
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 900.00
  • Property Condition: Good
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 27000.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1039754
  • Tax Annual Amount: 2364.00
  • Assessor Parcel Number: 261030500
  • Tax Lot: 222
  • Tax Year: 2015

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2015
Closed on
Jan 12, 2016
Sold by
Cp Properties Llc
Bought by
Speca Eric
Seller's Agent
Tony Marchese
Coldwell Banker Realty
Buyer's Agent
Eric Speca
DJCRE Inc.
List Price
$279,000
Sold Price
$249,000
Premium/Discount to List
-$30,000
-10.75%
Current Estimated Value
$456,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,217
Avg. Annual Appreciation
6.37%
Original Mortgage
$240,928
Outstanding Balance
$187,039
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$269,178

Purchase Details

Closed on
Mar 21, 2008
Sold by
Aiello Gregory A and Aiello Doreen Mary
Bought by
Cp 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
$172,000
Interest Rate
5.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Speca Eric $249,000 None Available
Cp Properties Llc $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Speca Eric $240,928
Previous Owner Cp Properties Llc $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2016 01/12/16 Sold $249,000 -10.8% $144 / Sq Ft
11/23/2015 11/23/15 Pending -- -- --
02/12/2015 02/12/15 For Sale $279,000 -- $161 / 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 $4,990 $387,300 $77,460 $309,840
2024 $4,990 $387,300 $77,460 $309,840
2023 $4,990 $356,500 $71,300 $285,200
2022 $3,112 $311,500 $71,300 $240,200
2021 $3,742 $0 $0 $0
2020 $3,742 $0 $0 $0
2019 $3,479 $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 $15,400 $161,000
2012 -- $18,816 $1,745 $17,071
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Tony Marchese

    Coldwell Banker Realty

    (610) 574-1896

    3 in this area

    10 Total Sales

    Tony Marchese
    Section Image
  • Eric Speca

    Buyer's Agent in 2016

    Eric Speca

    DJCRE Inc.

    (215) 298-3030

    1 in this area

    2 Total Sales

    Eric Speca
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1002536278

Bright MLS

APN: 261030500

Pennsylvania Philadelphia County Philadelphia 19145 South Philadelphia West

1432 W Ritner St, Philadelphia, PA

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