NOT LISTED FOR SALE

1603 S 7th St Philadelphia, PA 19148

Dickinson Square West Neighborhood

Estimated Value: $330,441 - $418,000

-- Bed
3 Baths
1,575 Sq Ft
$242/Sq Ft Est. Value

Last Sold November 30, 2020

Last sale price $303,000 $192 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,460/month

5 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • 5-minute walk to Louis P Paolone Sr Memorial Park
  • No HOA

About This Home

As of November 2020

Great investment property and cash flow. This 3-story building has 1 unit per floor. 1st floor unit has a long term, good paying tenant with rent: $975/mth. 2nd floor unit rent: $895/mth. 3rd floor unit rent: $795/mth. Total $2,665/mth gross rent. All on annual leases. Legal 3 unit building mixed use though 1st floor has been set up as a residential unit for over 20+ years. Great location just 3 blocks to heart of Passyunk Square and Avenue. All units are 1 bed, 1 bath. First floor has access to backyard patio. Washer/dryer and tenant storage in basement with access through sidewalk. Great money maker. Agent part owner.

Last Agent to Sell the Property

Paul Fontaine

Keller Williams Philadelphia Listed on: 10/15/2020

Keller Williams Philadelphia

Last Buyer's Agent

Christos Tzimoulis

New Age Realty Group Inc License #RM423707

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,365

Year Built

  • Built in 1918

Lot Details

  • 711 Sq Ft Lot
  • Lot Dimensions are 14.81 x 48.00

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Masonry

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • The owner pays for water, common area maintenance
  • Tax Lot 273
  • Assessor Parcel Number 012172000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,365

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1918
  • Automatically Close On Close Date: Yes
  • Remarks Public: Great investment property and cash flow. This 3-story building has 1 unit per floor. 1st floor unit has a long term, good paying tenant with rent: $975/mth. 2nd floor unit rent: $895/mth. 3rd floor unit rent: $795/mth. Total $2,665/mth gross rent. All on annual leases. Legal 3 unit building mixed use though 1st floor has been set up as a residential unit for over 20+ years. Great location just 3 blocks to heart of Passyunk Square and Avenue. All units are 1 bed, 1 bath. First floor has access to backyard patio. Washer/dryer and tenant storage in basement with access through sidewalk. Great money maker. Agent part owner.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Total Sq Ft: 2075
  • Living Area Sq Ft: 1575
  • Price Per Sq Ft: 190.48
  • Above Grade Finished Sq Ft: 1575
  • Below Grade Sq Ft: 500
  • Total Below Grade Sq Ft: 500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1603

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • 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
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Monthly Average Electric: 50
  • Previous Twelve Months Electric Expense: 600.00
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 65
  • Water Previous Twelve Months: 780.00
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 202176.00
  • Land Assessed Value: 38224.00
  • Land Use Code: W50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 14.81 x 48.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 711.00
  • Year Assessed: 2020
  • Zoning: CMX1

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Water, Common Area Maintenance
  • Rent Control: No
  • Total Actual Rent: 31980.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 878937
  • School Tax: 1847.00
  • Tax Annual Amount: 3365.00
  • Assessor Parcel Number: 012172000
  • Tax Lot: 273
  • Tax Total Finished Sq Ft: 1575
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/30/2020

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2020
Closed on
Nov 23, 2020
Sold by
Fontaine Paul and Dasilva Victor
Bought by
Velse Llc
Seller's Agent
Paul Fontaine
Keller Williams Philadelphia
Buyer's Agent
Christos Tzimoulis
New Age Realty Group Inc
List Price
$300,000
Sold Price
$303,000
Premium/Discount to List
$3,000
1%
Current Estimated Value
$377,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,027
Avg. Annual Appreciation
4.76%

Purchase Details

Closed on
Sep 27, 2004
Sold by
Palermo John
Bought by
Fontaine Paul and Dasilva Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2002
Sold by
Ransome Jean
Bought by
Palermo John

Purchase Details

Closed on
Apr 20, 2001
Sold by
Keenan Jeffrey J
Bought by
Ransome Jean
Source: Public Records

Range of Values:

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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
Velse Llc $303,000 Olde City Abstract Inc
Fontaine Paul $165,000 --
Palermo John $35,000 --
Ransome Jean $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fontaine Paul $123,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2020 11/30/20 Sold $303,000 +1.0% $192 / Sq Ft
10/20/2020 10/20/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $300,000 -- $190 / 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 $4,752 $300,400 $60,080 $240,320
2024 $4,752 $300,400 $60,080 $240,320
2023 $4,752 $339,500 $67,900 $271,600
2022 $3,365 $339,500 $67,900 $271,600
2021 $3,365 $0 $0 $0
2020 $3,365 $240,400 $38,224 $202,176
2019 $3,106 $0 $0 $0
2018 $2,314 $0 $0 $0
2017 $2,314 $0 $0 $0
2016 $2,314 $0 $0 $0
2015 $2,215 $0 $0 $0
2014 -- $165,300 $12,446 $152,854
2012 -- $11,200 $1,568 $9,632
Source: Public Records

Agents Affiliated with this Home

  • Paul Fontaine

    Seller's Agent in 2020

    Paul Fontaine

    Keller Williams Philadelphia

    (215) 440-2059

    2 in this area

    38 Total Sales

    Section Image
  • Christos Tzimoulis

    Buyer's Agent in 2020

    Christos Tzimoulis

    New Age Realty Group Inc

    (484) 437-3126

    1 in this area

    49 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH940902

Bright MLS

APN: 012172000

Pennsylvania Philadelphia County Philadelphia 19147 Dickinson Square West

1603 S 7th St, Philadelphia, PA

This home is located at 1603 S 7th St, Philadelphia, PA 19148 since 15 October 2020 and is currently estimated at $381,814, approximately $242 per square foot. This property was built in 1918. 1603 S 7th St is a home located in Philadelphia County with nearby schools including Kirkbride Eliza B School, Furness Horace High School, and St. Casimir School.

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