NOT LISTED FOR SALE

1617 N 18th St Philadelphia, PA 19121

North Philadelphia West Neighborhood

Estimated Value: $437,000 - $483,000

-- Bed
3 Baths
2,424 Sq Ft
$188/Sq Ft Est. Value

Last Sold June 12, 2015

Last sale price $265,000 $109 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,047/month

238 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Heating System Uses Gas

About This Home

As of June 2015

Great opportunity to own an income earning quadplex in the ever-growing Temple University Section of Philadelphia. Included in this building are; two 2-bedroom 1 bath units, one 1-bedroom 1 bath unit, and one studio unit. All four units have been updated with refinished hardwoods, carpet, and fresh paint. All units are either rented or move-in ready for tenants. Additionally all utilities have been separated for each unit. Low NOI (net operating income) at 23%. Cap Rate 10%.

Last Agent to Sell the Property

John Dempsey

john.m.dempsey1@gmail.com Springer Realty Group Listed on: 09/04/2014

Last Buyer's Agent

Chris McCafferty

(484) 577-9955 Realmccaff@gmail.com Keller Williams Real Estate - Media

Keller Williams Real Estate - Media

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,103

Year Built

  • Built in 1915

Lot Details

  • 1,591 Sq Ft Lot
  • Lot Dimensions are 16x100
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 2,424 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 157
  • Assessor Parcel Number 471292000

Community Details

Overview

  • No Home Owners Association
  • Temple University Subdivision

Building Details

  • Electric Expense $327
  • Insurance Expense $1,667
  • Maintenance Expense $300
  • Operating Expense $6,187

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,103

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1915
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Wood, Fully Carpeted
  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2424
  • Living Area Sq Ft: 2424
  • Price Per Sq Ft: 115.51
  • Above Grade Finished Sq Ft: 2424
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • 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: No
  • Cooling Type: Wall Unit
  • Electric Expense: 327.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 790.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 16X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1591.00
  • Property Condition: Good
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 35700.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Tax Annual Amount: 3103.00
  • Assessor Parcel Number: 471292000
  • Tax Lot: 157
  • Tax Year: 2015

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2020
Sold by
Mcgraw Tracy
Bought by
Disante Lorenzo K
Current Estimated Value
$456,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,298
Outstanding Balance
$322,480
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$134,034

Purchase Details

Listed on
Sep 4, 2014
Closed on
Jun 17, 2015
Sold by
Goldberg David M and Goldberg Rajita B
Bought by
Mcgraw Tracy
Seller's Agent
John Dempsey
Springer Realty Group
Buyer's Agent
Chris McCafferty
Keller Williams Real Estate - Media
List Price
$300,000
Sold Price
$265,000
Premium/Discount to List
-$35,000
-11.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%
Original Mortgage
$196,875
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 7, 2009
Sold by
Todd Joseph Properties Llc
Bought by
Goldberg David M and Goldberg Rajita B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,250
Interest Rate
4.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2008
Sold by
Willis Gregory
Bought by
Todd Joseph Properties

Purchase Details

Closed on
Jul 19, 1999
Sold by
Miller
Bought by
Willis Gregory
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Disante Lorenzo K $370,000 Heritage Land Transfer Co In
Mcgraw Tracy $262,500 Title Services
Goldberg David M $259,000 None Available
Todd Joseph Properties $155,000 None Available
Willis Gregory -- Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Disante Lorenzo K $363,298
Previous Owner Mcgraw Tracy $196,875
Previous Owner Goldberg David M $194,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2015 06/12/15 Sold $265,000 -11.7% $109 / Sq Ft
04/30/2015 04/30/15 Pending -- -- --
09/04/2014 09/04/14 For Sale $300,000 -- $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
2026 $7,632 $392,700 $78,540 $314,160
2025 $7,632 $427,200 $85,440 $341,760
2024 $7,632 $427,200 $85,440 $341,760
2023 $7,632 $545,200 $109,040 $436,160
2022 $4,836 $545,200 $109,040 $436,160
2021 $4,836 $0 $0 $0
2020 $4,836 $0 $0 $0
2019 $4,675 $0 $0 $0
2018 $3,630 $0 $0 $0
2017 $3,630 $0 $0 $0
2016 $3,630 $0 $0 $0
2015 $3,103 $0 $0 $0
2014 -- $231,600 $11,212 $220,388
2012 -- $8,672 $2,179 $6,493
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    John Dempsey

    Springer Realty Group

  • Chris McCafferty

    Buyer's Agent in 2015

    Chris McCafferty

    Keller Williams Real Estate - Media

    (484) 577-9955

    51 Total Sales

    Chris McCafferty
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Map

Source: Bright MLS

MLS Number: 1003069264

Bright MLS

APN: 471292000

Pennsylvania Philadelphia County Philadelphia 19121 North Philadelphia West

1617 N 18th St, Philadelphia, PA

Not Listed for Sale

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