Seller's Agent in 2024
Daniel Evenchen
KW Empower
(267) 391-9308
1 in this area
173 Total Sales
1516 S Patton St Philadelphia, PA 19146
Grays Ferry NeighborhoodEstimated Value: $121,000 - $185,000
--
Bed
1
Bath
992
Sq Ft
$152/Sq Ft
Est. Value
Highlights
- Straight Thru Architecture
- Radiant Heating System
- 1-minute walk to Stinger Square Park
About This Home
As of September 2024Presenting an exceptional investment opportunity to acquire an affordably priced property located in the rapidly growing Grays Ferry neighborhood. This property, currently zoned RSA-5, and is configured as a duplex, featuring two individual units, with unit 1 a one-bedroom, one-bathroom apartment and Unit 2 a two-bedroom, one-bathroom apartment. Unit 1 has previously generated a rental income of $750 per month, and with updates and enhancements could get as much as $900/month, Unit 2 is rented for $850/month with tenant paying utilities and has the potential to command a rental rate of up to $1100 per month with some upgrades. It is important to note that the property is in need of some renovation and is being offered for sale in its current "as-is" condition. Investors and developers alike will recognize the significant potential this property holds, both for rental income and long-term appreciation, given the ongoing revitalization of the Grays Ferry area. Seize this opportunity to invest in a promising neighborhood poised for continued growth and transformation. All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes.
Last Agent to Sell the Property
(267) 391-9308 daniel@mccannteam.com KW Empower Listed on: 07/16/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,462
Year Built
- Built in 1923
Lot Details
- 767 Sq Ft Lot
- Lot Dimensions are 15.00 x 51.00
Home Design
- 992 Sq Ft Home
- Duplex
- Straight Thru Architecture
- Brick Foundation
- Masonry
Utilities
- Window Unit Cooling System
- Radiant Heating System
- Electric Water Heater
Additional Features
- Finished Basement
Community Details
- 2 Units
- Grays Ferry Subdivision
Listing and Financial Details
- The owner pays for all utilities
- Tax Lot 301
- Assessor Parcel Number 364455200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 16, 2024
Closed on
Aug 27, 2024
Sold by
Baroudi Mahmoud
Bought by
Gelston Holdings Llc
Seller's Agent
Daniel Evenchen
KW Empower
Buyer's Agent
Daniel Baer
Compass RE
List Price
$130,000
Sold Price
$127,500
Premium/Discount to List
-$2,500
-1.92%
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,190
Avg. Annual Appreciation
15.94%
Original Mortgage
$185,000
Outstanding Balance
$183,021
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
-$32,331
Purchase Details
Listed on
Jan 19, 2015
Closed on
Sep 30, 2015
Sold by
Ashton Catherine and Richards Catherine
Bought by
Baroudi Mahmoud
Seller's Agent
Vincent Marciano
RE/MAX Access
Buyer's Agent
SHANNON ARYADAREI
RE/MAX Central - South Philadelphia
List Price
$79,900
Sold Price
$70,000
Premium/Discount to List
-$9,900
-12.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.93%
Purchase Details
Closed on
Aug 26, 1971
Bought by
Catherine Ashton S and Catherine W
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gelston Holdings Llc | $127,500 | None Listed On Document | |
| Baroudi Mahmoud | $70,000 | None Available | |
| Catherine Ashton S | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gelston Holdings Llc | $185,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/09/2024 09/09/24 | Sold | $127,500 | -1.9% | $129 / Sq Ft | |
| 07/22/2024 07/22/24 | Pending | -- | -- | -- | |
| 07/16/2024 07/16/24 | For Sale | $130,000 | +85.7% | $131 / Sq Ft | |
| 09/30/2015 09/30/15 | Sold | $70,000 | -12.4% | $69 / Sq Ft | View Prior Sale |
| 07/22/2015 07/22/15 | Pending | -- | -- | -- | |
| 01/19/2015 01/19/15 | For Sale | $79,900 | -- | $78 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,463 | $123,500 | $24,700 | $98,800 |
| 2024 | $1,463 | $123,500 | $24,700 | $98,800 |
| 2023 | $1,463 | $104,500 | $20,900 | $83,600 |
| 2022 | $1,123 | $104,500 | $20,900 | $83,600 |
| 2021 | $1,123 | $0 | $0 | $0 |
| 2020 | $1,123 | $0 | $0 | $0 |
| 2019 | $1,044 | $0 | $0 | $0 |
| 2018 | $808 | $0 | $0 | $0 |
| 2017 | $808 | $0 | $0 | $0 |
| 2016 | $808 | $0 | $0 | $0 |
| 2015 | $776 | $0 | $0 | $0 |
| 2014 | -- | $57,900 | $7,290 | $50,610 |
| 2012 | -- | $3,296 | $424 | $2,872 |
Source: Public Records
Agents Affiliated with this Home
-
Daniel Evenchen
-
Daniel Baer
Buyer's Agent in 2024
Daniel Baer
Compass RE
(267) 690-7448
38 in this area
200 Total Sales
-
JENNIFER BAER
Buyer Co-Listing Agent in 2024
JENNIFER BAER
Compass RE
(215) 681-7699
19 in this area
134 Total Sales
-
Vincent Marciano
Seller's Agent in 2015
Vincent Marciano
RE/MAX
(215) 498-6404
1 in this area
43 Total Sales
-
S
Buyer's Agent in 2015
SHANNON ARYADAREI
RE/MAX Central - South Philly
Map
Source: Bright MLS
MLS Number: PAPH2376604
APN: 364455200
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