$450,000
SOLD OCT 16, 2015
-- Bed
-- Bath
3,500 Sq Ft
1,141 Sq Ft Lot

Recently Sold

$129 Per Sq Ft

8 Days on Market

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Ceiling Fan
  • No HOA
  • Central Air
  • Heating Available

About This Home

As of October 2015

A few blocks from Temples University Campus, this 3 year old new construction duplex will start printing money the day you purchase. Each unit in this duplex features oak hardwood floors, spacious kitchens with granite countertops high end cabinetry, appliances, tile bathrooms and generous bedrooms. The 1st floor unit will have access to a rear patio. The second floor unit will come complete with oversized family room accentuated with Juliette balcony. All utilities are electric and each unit is separately metered for electric. The only responsibility of the owner will be water, and taxes and the value continues with 7 years remaining on the 10 yearTax Abatement. Each unit was constructed with a utility room with washer and dryer and has a sprinkler system. This truly is a turnkey investment that offers extreme value.

Last Agent to Sell the Property

Jordan Brody

Coldwell Banker Realty License #RS292239 Listed on: 08/04/2015

Coldwell Banker Realty

Co-Listed By

Karl Klotzbach

Coldwell Banker Realty

Last Buyer's Agent

Amy Chen

Realty Mark Cityscape-King of Prussia License #RS304772

Realty Mark Cityscape-King of Prussia

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,609

Year Built

  • Built in 2012

Lot Details

  • 1,141 Sq Ft Lot
  • Lot Dimensions are 16x73
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,500 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Flooring

  • Wood
  • Tile or Brick

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 147
  • Assessor Parcel Number 471240110

Community Details

Overview

  • No Home Owners Association
  • Temple University Subdivision

Building Details

  • Insurance Expense $700
  • Operating Expense $2,001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,609

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2012
  • Remarks Public: A few blocks from Temples University Campus, this 3 year old new construction duplex will start printing money the day you purchase. Each unit in this duplex features oak hardwood floors, spacious kitchens with granite countertops high end cabinetry, appliances, tile bathrooms and generous bedrooms. The 1st floor unit will have access to a rear patio. The second floor unit will come complete with oversized family room accentuated with Juliette balcony. All utilities are electric and each unit is separately metered for electric. The only responsibility of the owner will be water, and taxes and the value continues with 7 years remaining on the 10 yearTax Abatement. Each unit was constructed with a utility room with washer and dryer and has a sprinkler system. This truly is a turnkey investment that offers extreme value.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 3500
  • Living Area Sq Ft: 3500
  • Price Per Sq Ft: 128.57
  • Above Grade Finished Sq Ft: 3500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1514

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: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1000.00
  • 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: 261259.00
  • Land Assessed Value: 8041.00
  • Land Use Code: W50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16X73
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1141.00
  • Property Condition: Good
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 43200.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1393865
  • Tax Annual Amount: 3609.00
  • Assessor Parcel Number: 471240110
  • Tax Lot: 147
  • Tax Year: 2015
  • Close Date: 10/16/2015

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2015
Closed on
Oct 5, 2015
Sold by
Shah Atul and Patel Dinesh
Bought by
Zhang Tian Yu
Seller's Agent
Jordan Brody
Coldwell Banker Realty
Buyer's Agent
Amy Chen
Realty Mark Cityscape-King of Prussia
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$571,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,136
Avg. Annual Appreciation
2.46%
Original Mortgage
$360,000
Outstanding Balance
$287,283
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$283,853

Purchase Details

Closed on
Sep 12, 2012
Sold by
Wiltshire Equity Llc
Bought by
Shah Atul and Patel Dinesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2012
Sold by
Philadelphia Housing Authority
Bought by
Wiltshire Equity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

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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 $450,000 None Available
Deed $402,500 None Available
Deed $1,292,500 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 Commercial
Previous Owner $300,000 Commercial
Previous Owner $220,000 Future Advance Clause Open End Mortgage
Previous Owner $520,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2015 10/16/15 Sold $450,000 0.0% $129 / Sq Ft
08/12/2015 08/12/15 Pending -- -- --
08/04/2015 08/04/15 For Sale $450,000 +11.8% $129 / Sq Ft
07/01/2012 07/01/12 Sold $402,500 +4.5% $130 / Sq Ft
05/01/2012 05/01/12 Pending -- -- --
12/16/2011 12/16/11 For Sale $385,000 -- $124 / 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 $10,746 $661,700 $132,340 $529,360
2024 $10,746 $661,700 $132,340 $529,360
2023 $10,746 $767,700 $153,500 $614,200
2022 $1,971 $767,700 $153,500 $614,200
2021 $1,971 $0 $0 $0
2020 $1,971 $0 $0 $0
2019 $1,905 $0 $0 $0
2018 $1,803 $0 $0 $0
2017 $1,803 $0 $0 $0
2016 $3,609 $0 $0 $0
2015 $3,609 $0 $0 $0
2014 -- $269,300 $8,041 $261,259
2012 -- $43,200 $3,648 $39,552
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002670878

Bright MLS

APN: 471240110