S
Seller's Agent in 2020
Sidney Shauy
Mercury Real Estate Group
(973) 888-9367
3 Total Sales
1607 Harrison St Philadelphia, PA 19124
Frankford NeighborhoodEstimated Value: $232,014 - $284,000
--
Bed
4
Baths
1,809
Sq Ft
$144/Sq Ft
Est. Value
Highlights
- No HOA
- Electric Baseboard Heater
- Property is in very good condition
About This Home
As of October 2020(Price Reduced!) Quadplex in Opportunity Zone! Fantastic location, high double-digits cap rate ideal for long-term cashflow investors. Potential gross rental income over $30,000 annually. Steps from Jefferson-Frankford Hospital and a few blocks walk to Frankford Terminal for both buses and trains (subway) leading straight to Center City Philadelphia makes it a great location and convenience for tenants. Proven great demand from prospective tenants. Taxes and insurance are low. Rental locks installed in every unit. Square footage taken from Zillow. Sold "AS IS". Photos taken in 2017 after major renovation. Units in good condition and vacant so it's easy to show and new owner can start anew with his or her desired rental strategy. Priced with known issues reduced to sell well below market. Will consider all serious offers. Cash offers are preferred. Investment Highlights: Units may be rented for at least $2,500/month (3x$600 + 1x$700) from previous experience. Taxes: $1,389 (annual) Insurance: $1,148 (annual) Refuse fee: $150 (annual) License: $300 (annual) Numbers based on previous but recent experience. Units are delivered vacant so new owner can freely implement his or her own strategy and screening criteria with new tenants. High demand location due to convenience rents quickly.
Last Agent to Sell the Property
(973) 888-9367 sidneysbox-1@yahoo.com Mercury Real Estate Group License #RSR003413 Listed on: 05/09/2019
Last Buyer's Agent
(215) 668-3990 gmims828@gmail.com Golden Key Realty, LLC License #RS291886
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,488
Year Built
- Built in 1940 | Remodeled in 2016
Lot Details
- 1,953 Sq Ft Lot
- Lot Dimensions are 15.50 x 126.00
- Property is in very good condition
Parking
- On-Street Parking
Home Design
- 1,809 Sq Ft Home
- Quadruplex
- Converted Dwelling
- Masonry
Utilities
- Electric Baseboard Heater
- Electric Water Heater
- Municipal Trash
Additional Features
- Unfinished Basement
Listing and Financial Details
- Tax Lot 182
- Assessor Parcel Number 232206310
Community Details
Overview
- No Home Owners Association
- 4 Units
- 3-Story Building
Building Details
- 4 Vacant Units
- Income includes apartment rentals
- Insurance Expense $1,148
- Trash Expense $150
- Gross Income $30,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2019
Closed on
Oct 29, 2020
Sold by
Shauy Sidney
Bought by
Toliver Richard and Toliver Dawn
Seller's Agent
Sidney Shauy
Mercury Real Estate Group
Buyer's Agent
Gregory Mims
Golden Key Realty, LLC
List Price
$169,900
Sold Price
$157,000
Premium/Discount to List
-$12,900
-7.59%
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
$103,338
Avg. Annual Appreciation
10.62%
Original Mortgage
$117,750
Outstanding Balance
$104,302
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$156,036
Purchase Details
Closed on
Aug 5, 2019
Sold by
Shauy Sidney
Bought by
Robinson Sarah A
Purchase Details
Closed on
Jan 20, 2017
Sold by
Steise Pilly Llc
Bought by
Shauy Sidney
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,125
Interest Rate
4.13%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 14, 2015
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Stateside Philly Llc
Purchase Details
Closed on
Jan 26, 2015
Sold by
Hernandez Leticia
Bought by
The Bank Of New York Mellon Trust Co Na and The Bank Of New York Trust Co Na
Purchase Details
Closed on
Mar 9, 1999
Sold by
Redevelopment Authority Of The City Of P
Bought by
Hernandez Leticia
Purchase Details
Closed on
Feb 10, 1995
Sold by
Carrione Vicky
Bought by
City Of Philadelphia
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 |
|---|---|---|---|
| Toliver Richard | $157,000 | None Available | |
| Robinson Sarah A | $100,000 | None Available | |
| Shauy Sidney | $157,500 | Surety Abstract Services Llc | |
| Stateside Philly Llc | $28,000 | None Available | |
| The Bank Of New York Mellon Trust Co Na | $16,600 | None Available | |
| Hernandez Leticia | $35,450 | -- | |
| Redevelopment Authority City Of Philadel | -- | -- | |
| City Of Philadelphia | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Toliver Richard | $117,750 | |
| Previous Owner | Shauy Sidney | $118,125 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/30/2020 10/30/20 | Sold | $157,000 | -7.6% | $87 / Sq Ft |
| 11/04/2019 11/04/19 | Pending | -- | -- | -- |
| 08/29/2019 08/29/19 | Price Changed | $169,900 | 0.0% | $94 / Sq Ft |
| 08/29/2019 08/29/19 | For Sale | $169,900 | +8.2% | $94 / Sq Ft |
| 06/23/2019 06/23/19 | Off Market | $157,000 | -- | -- |
| 06/11/2019 06/11/19 | For Sale | $189,000 | 0.0% | $104 / Sq Ft |
| 05/21/2019 05/21/19 | Pending | -- | -- | -- |
| 05/09/2019 05/09/19 | For Sale | $189,000 | -- | $104 / 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 |
|---|---|---|---|---|
| 2026 | $2,202 | $316,100 | $63,220 | $252,880 |
| 2025 | $2,202 | $316,100 | $63,220 | $252,880 |
| 2024 | $2,202 | $316,100 | $63,220 | $252,880 |
| 2023 | $2,202 | $157,300 | $31,400 | $125,900 |
| 2022 | $1,488 | $157,300 | $31,400 | $125,900 |
| 2021 | $1,488 | $0 | $0 | $0 |
| 2020 | $1,488 | $0 | $0 | $0 |
| 2019 | $1,428 | $0 | $0 | $0 |
| 2018 | $1,389 | $0 | $0 | $0 |
| 2017 | $1,389 | $0 | $0 | $0 |
| 2016 | $1,389 | $0 | $0 | $0 |
| 2015 | $1,329 | $0 | $0 | $0 |
| 2014 | -- | $99,200 | $20,565 | $78,635 |
| 2012 | -- | $11,200 | $1,128 | $10,072 |
Source: Public Records
Agents Affiliated with this Home
-
Sidney Shauy
-
Gregory Mims
Buyer's Agent in 2020
Gregory Mims
Golden Key Realty, LLC
(215) 668-3990
2 in this area
63 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH790784
APN: 232206310
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