NOT LISTED FOR SALE

Estimated Value: $290,000 - $340,000

-- Bed
4 Baths
2,997 Sq Ft
$105/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $280,000 $93 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,042/month

Highlights

  • No HOA
  • 4-minute walk to Margaret-Orthodox
  • 1-minute walk to Overington Park
  • Electric Baseboard Heater
  • Dwelling with Rental

About This Home

As of October 2021

Corner building enhances the Northwood area , directly across from the Frankford Select Friends School. The entire building was rehabbed & rebuilt from the ground up inside. Fully occupied .Nearly 2400 squares ft. of living space for 2 of the 1 bedroom apartments , a 3 bedroom & a large efficiency . All separate utilities , water, electric and hot water & cooking are all tenants responsibility. Owner pays for cold water. There are newer kitchens and baths. Newer appliances , newer roof, doors windows & plumbing make this building a first on the list. Additionally there is a coin operated laundry in the basement for the tenants use . This 4 unit can be purchase with 3 other buildings as a package for 1.2 The income shows a positive income ,grossing nearly 41k annually. All details, rent rolls etc. are available. Only PAR agreements ,no letters of intent , no contingencies. Due diligence to be done prior to an agreement. Seller wants to sell as a 4 property pkg . See mls#’s 1025338,1025352,1025292

Last Agent to Sell the Property

Susan Gizzi

(215) 901-2805 Raegizzi809@gmail.com Hampton Preferred Real Estate Inc License #RS143235A Listed on: 06/05/2021

Last Buyer's Agent

Peter Lien

(215) 439-4810 peter.lien91@gmail.com EXP Realty, LLC License #RS344116

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,897

Year Built

  • Built in 1925

Lot Details

  • 2,074 Sq Ft Lot
  • Lot Dimensions are 30.00 x 69.12

Parking

  • On-Street Parking

Home Design

  • 2,997 Sq Ft Home
  • Quadruplex
  • Dwelling with Rental
  • Masonry

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Schools

  • John Marshall Elementary School
  • Warren G. Harding Middle School
  • Frankford High School

Utilities

  • Electric Baseboard Heater
  • 200+ Amp Service
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • The owner pays for insurance, repairs, common area maintenance, advertising/licenses and permits, real estate taxes
  • Tax Lot 161
  • Assessor Parcel Number 232097000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Northwood Subdivision

Building Details

  • Insurance Expense $1,325
  • Maintenance Expense $1,350
  • Manager Expense $1,940
  • Operating Expense $13,222
  • Net Operating Income $25,594

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,897

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Dwelling With Rental
  • Ownership: Fee Simple
  • Exclusions: Refrigerators belong to tenants
  • Inclusions: Each unit comes with a stove.
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Unfinished
  • Total Sq Ft: 2997
  • Living Area Sq Ft: 2997
  • Price Per Sq Ft: 93.38
  • Above Grade Finished Sq Ft: 2997
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: 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: No
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Professional Management Expense: 1940.00
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: JOHN MARSHALL SCHOOL
  • High School: FRANKFORD
  • Middle Or Junior School: WARREN G. HARDING

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 113716.00
  • Land Assessed Value: 21784.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 30.00 x 69.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2074.00
  • Zoning: RSA3

Rental Info

  • Owner Pays: Insurance, Repairs, Common Area Maintenance, Advertising/Licenses And Permits, Taxes - Real Estate
  • Total Actual Rent: 40860.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1019510
  • School Tax: 1041.00
  • Tax Annual Amount: 1897.00
  • Assessor Parcel Number: 232097000
  • Tax Lot: 161
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Gross Income: 40860.00
  • Operating Expense: 13222.00
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2021
Closed on
Oct 12, 2021
Sold by
Carver Hall Realty Inc
Bought by
Eta Entourage Holdings Llc
Seller's Agent
Susan Gizzi
Hampton Preferred Real Estate Inc
Buyer's Agent
Peter Lien
EXP Realty, LLC
List Price
$279,850
Sold Price
$280,000
Premium/Discount to List
$150
0.05%
Current Estimated Value
$315,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,000
Avg. Annual Appreciation
2.96%
Original Mortgage
$890,138
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2004
Sold by
Pietrak Mary Anne
Bought by
Carver Hall Realty Inc

Purchase Details

Closed on
Jan 5, 2001
Sold by
Demarco Drew
Bought by
Pietrak Mary Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
7.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2000
Sold by
Washington Mutual Bank Fa
Bought by
Demarco Drew

Purchase Details

Closed on
Dec 28, 1999
Sold by
Scartoli Michael and Ditko John
Bought by
Washington Mutual Bank
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
Eta Entourage Holdings Llc $150,375 None Listed On Document
Carver Hall Realty Inc $3,500 Old Republic Natl Title Co
Pietrak Mary Anne $32,000 --
Demarco Drew $18,000 --
Washington Mutual Bank $6,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eta Entourage Holdings Llc $890,138
Previous Owner Pietrak Mary Anne $24,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $280,000 +0.1% $93 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/05/2021 06/05/21 For Sale $279,850 -- $93 / 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
2026 $4,619 $350,000 $70,000 $280,000
2025 $4,619 $350,000 $70,000 $280,000
2024 $4,619 $350,000 $70,000 $280,000
2023 $6,173 $330,000 $66,000 $264,000
2022 $1,897 $441,000 $88,200 $352,800
2021 $1,897 $0 $0 $0
2020 $1,897 $0 $0 $0
2019 $1,820 $0 $0 $0
2018 $1,813 $0 $0 $0
2017 $1,813 $0 $0 $0
2016 $2,217 $0 $0 $0
2015 $2,123 $0 $0 $0
2014 -- $158,400 $24,333 $134,067
2012 -- $14,400 $3,600 $10,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH1024740

Bright MLS

APN: 232097000