NOT LISTED FOR SALE

1531 N Franklin St Philadelphia, PA 19122

Ludlow Neighborhood

Estimated Value: $742,000 - $1,489,000

0.04 Acre
$27,358,325 Price per Acre
1,825 Sq Ft Lot

Last Sold August 18, 2017

Last sale price $221,500

Est. 403% increase in value since last sale

Current estimated payment $7,042/month

29 Days on Market

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • 4-minute walk to Cruz Park - Power 99 Parks & Rec

About This Lot

As of August 2017

Perfect investment opportunity for builders and developers in South Kensington. ZONING PERMIT APPROVED. Lot dimensions are 27 X 67 ft with RM-1 zoning and approved for a 3 unit multifamily development with approximately 4000 sqft and four levels of living space with roof deck access. New Construction everywhere in close proximity with condos selling for over 300K as well as high demand for apartments in the neighborhood. Unit 1 - 3bd 3ba bilevel with yard access, Unit 2 - 2bd 2ba, Unit 3 - 2bd 2ba with roof deck.

Last Agent to Sell the Property

Eric Fargnoli

KW Empower Listed on: 07/05/2017

KW Empower

Last Buyer's Agent

Shauli David

Elfant Wissahickon-Rittenhouse Square

Elfant Wissahickon-Rittenhouse Square

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $510

Lot Details

  • 1,825 Sq Ft Lot
  • Property is zoned RM1

Additional Features

  • En-Suite Primary Bedroom
  • Sewer Not Available

Community Details

  • No Home Owners Association
  • South Kensington Subdivision

Listing and Financial Details

  • Tax Lot 54
  • Assessor Parcel Number 202040300

Property Details

Property Type

Land

Est. Annual Taxes

$510

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • New Construction: No
  • Remarks Public: Perfect investment opportunity for builders and developers in South Kensington. ZONING PERMIT APPROVED. Lot dimensions are 27 X 67 ft with RM-1 zoning and approved for a 3 unit multifamily development with approximately 4000 sqft and four levels of living space with roof deck access. New Construction everywhere in close proximity with condos selling for over 300K as well as high demand for apartments in the neighborhood. Unit 1 - 3bd 3ba bilevel with yard access, Unit 2 - 2bd 2ba, Unit 3 - 2bd 2ba with roof deck.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Room List: Primary Bedroom
  • Price Per Sq Ft: 136.93
  • Street Number Modifier: 1531

Exterior Features

  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Sewer System

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

  • Lot Size Acres: 0.04
  • Lot Dimensions: 27X67, LotWidth:27 X LotDepth:67
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1825.00
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 995293
  • Tax Annual Amount: 510.00
  • Assessor Parcel Number: 202040300
  • Tax Lot: 54
  • Tax Year: 2017
  • Close Date: 08/18/2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2021
Sold by
Prestige Design On Franklin Llc
Bought by
Centric Bank
Current Estimated Value
$1,115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,363,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 25, 2021
Sold by
Prestige Design On Franklin Llc
Bought by
Centric Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,363,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 14, 2018
Sold by
Ibnm Llc
Bought by
Prestige Design On Franklin Llc

Purchase Details

Listed on
Jul 5, 2017
Closed on
Jul 18, 2017
Sold by
1531 N Franklin Street Llc
Bought by
Ibnm Llc
Seller's Agent
Eric Fargnoli
KW Empower
Buyer's Agent
Shauli David
Elfant Wissahickon-Rittenhouse Square
List Price
$265,000
Sold Price
$221,500
Premium/Discount to List
-$43,500
-16.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.57%

Purchase Details

Listed on
Mar 13, 2015
Closed on
Apr 27, 2015
Sold by
Cama Sdira Llc
Bought by
1531 N Franklin Street Llc
Seller's Agent
Ray Caceres
Penn Liberty Real Estate
Buyer's Agent
Eric Fargnoli
KW Empower
List Price
$44,000
Sold Price
$35,000
Premium/Discount to List
-$9,000
-20.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
121.51%

Purchase Details

Closed on
May 23, 2013
Sold by
The Finance Source Llc
Bought by
Cama Sdira Llc and Joe H Ngov Ira

Purchase Details

Closed on
Jan 31, 2005
Sold by
Bethel Henry W
Bought by
The Finance Source Co Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Centric Bank -- First American Title
Centric Bank -- First American Title
Prestige Design On Franklin Llc $340,000 None Available
Ibnm Llc $221,500 J&A Abstract Inc
1531 N Franklin Street Llc $35,000 Knights Abstract Inc
Cama Sdira Llc $4,000 None Available
The Finance Source Co Llc $31,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Centric Bank $2,363,000
Previous Owner Centric Bank $2,363,000
Previous Owner Prestige Design On Franklin Llc $1,125,000
Previous Owner Prestige Design On Franklin Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2017 08/18/17 Sold $221,500 -11.4% --
08/03/2017 08/03/17 Pending -- -- --
07/20/2017 07/20/17 Price Changed $249,900 -5.7% --
07/05/2017 07/05/17 For Sale $265,000 +657.1% --
04/24/2015 04/24/15 Sold $35,000 -20.5% --
03/24/2015 03/24/15 Pending -- -- --
03/13/2015 03/13/15 For Sale $44,000 -- --
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 $11,242 $1,300,000 $260,000 $1,040,000
2024 $11,242 $1,300,000 $260,000 $1,040,000
2023 $11,242 $803,100 $229,000 $574,100
2022 $11,242 $803,100 $229,000 $574,100
2021 $510 $0 $0 $0
2020 $510 $0 $0 $0
2019 $510 $0 $0 $0
2018 $510 $0 $0 $0
2017 $510 $0 $0 $0
2016 $162 $0 $0 $0
2015 $155 $0 $0 $0
2014 -- $11,600 $11,600 $0
2012 -- $512 $512 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    Eric Fargnoli

    KW Empower

    (215) 467-2892

    1 in this area

    14 Total Sales

    Section Image
  • Shauli David

    Buyer's Agent in 2017

    Shauli David

    Elfant Wissahickon-Rittenhouse Square

    (215) 605-0917

    2 in this area

    93 Total Sales

    Section Image
  • Ray Caceres

    Seller's Agent in 2015

    Ray Caceres

    Penn Liberty Real Estate

    (215) 669-6166

    1 in this area

    60 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1003255679

Bright MLS

APN: 202040300

Pennsylvania Philadelphia County Philadelphia 19122 Ludlow

1531 N Franklin St, Philadelphia, PA

This home is located at 1531 N Franklin St, Philadelphia, PA 19122 since 05 July 2017 and is currently estimated at $1,094,333. 1531 N Franklin St is a home located in Philadelphia County with nearby schools including James R. Ludlow School, Penn Treaty School, and Young Scholars Charter School.

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