NOT LISTED FOR SALE

1629 Germantown Ave Philadelphia, PA 19122

Olde Kensington Neighborhood

Estimated Value: $534,000 - $611,482

-- Bed
2 Baths
1,882 Sq Ft
$299/Sq Ft Est. Value

Last Sold August 15, 2015

Last sale price $283,500 $151 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $3,518/month

Highlights

  • No HOA
  • Central Air
  • Heating System Uses Gas
  • En-Suite Primary Bedroom

About This Home

As of August 2015

This is a completely renovated TURN-KEY duplex in a rapidly growing neighborhood. The property has 2 large 2 bedroom apartments and is fully rented with GREAT tenants. The units have separate utilities, central air, granite counter tops, hard wood floors, and beautiful tile shower/bathrooms. The building is steps away from Northern Liberties and has plenty of parking on the block. Get in this neighborhood now before property values increase! This property is perfect for an owner occupant or an investor!

Last Agent to Sell the Property

Tom Spychalski

(215) 519-9388 tspychalski@icloud.com KW Empower Listed on: 04/22/2015

KW Empower

Co-Listed By

Nicholas Giganti

(718) 791-9984 nick@jrreteam.com KW Empower

KW Empower

Last Buyer's Agent

Nicholas Giganti

(718) 791-9984 nick@jrreteam.com KW Empower

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $958

Year Built

  • Built in 1916

Lot Details

  • 951 Sq Ft Lot
  • Lot Dimensions are 18x54

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,882 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 183157200

Community Details

Overview

  • No Home Owners Association
  • Olde Kensington Subdivision

Building Details

  • Operating Expense $958

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$958

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1916
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Washer In Unit
  • Total Sq Ft: 1882
  • Living Area Sq Ft: 1882
  • Price Per Sq Ft: 158.77
  • Above Grade Finished Sq Ft: 1882
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco, Brick
  • Construction Completed: No
  • 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: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 65904.00
  • Land Assessed Value: 5596.00
  • Lot Size Acres: 0.02
  • Lot Dimensions: 18X54
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 951.00
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 24000.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 986156
  • Tax Annual Amount: 958.00
  • Assessor Parcel Number: 183157200
  • Tax Lot: 29
  • Tax Year: 2015

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2015
Closed on
Aug 13, 2015
Sold by
1633 Germantown Avenue Association Llc
Bought by
Spencer Derek
Seller's Agent
Tom Spychalski
KW Empower
Buyer's Agent
Nicholas Giganti
KW Empower
List Price
$298,800
Sold Price
$283,500
Premium/Discount to List
-$15,300
-5.12%
Current Estimated Value
$562,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,994
Avg. Annual Appreciation
6.94%
Original Mortgage
$274,995
Outstanding Balance
$216,649
Interest Rate
4.08%
Mortgage Type
Commercial
Estimated Equity
$345,845

Purchase Details

Closed on
Feb 24, 2012
Sold by
Brown Daniel W and Brown Lossinea
Bought by
1633 Germantown Avenue Associates Llc
Source: Public Records

Range of Values:

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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
Spencer Derek $283,500 None Available
1633 Germantown Avenue Associates Llc $20,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spencer Derek $274,995
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2015 08/15/15 Sold $283,500 -5.1% $151 / Sq Ft
06/29/2015 06/29/15 Pending -- -- --
04/22/2015 04/22/15 For Sale $298,800 -- $159 / 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 $6,887 $482,600 $96,520 $386,080
2024 $6,887 $482,600 $96,520 $386,080
2023 $6,887 $492,000 $98,400 $393,600
2022 $6,887 $492,000 $98,400 $393,600
2021 $4,311 $0 $0 $0
2020 $4,311 $0 $0 $0
2019 $4,311 $0 $0 $0
2018 $1,001 $0 $0 $0
2017 $1,001 $0 $0 $0
2016 $970 $0 $0 $0
2015 $958 $0 $0 $0
2014 -- $71,500 $5,596 $65,904
2012 -- $1,216 $196 $1,020
Source: Public Records

Agents Affiliated with this Home

  • Tom Spychalski

    Seller's Agent in 2015

    Tom Spychalski

    KW Empower

    (215) 519-9388

    1 in this area

    50 Total Sales

    Tom Spychalski
    Section Image
  • Nicholas Giganti

    Seller Co-Listing Agent in 2015

    Nicholas Giganti

    KW Empower

    (718) 791-9984

    1 in this area

    113 Total Sales

    Nicholas Giganti
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002584044

Bright MLS

APN: 183157200

Pennsylvania Philadelphia County Philadelphia 19122 Olde Kensington

1629 Germantown Ave, Philadelphia, PA

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