NOT LISTED FOR SALE

Estimated Value: $510,000 - $526,144

-- Bed
4 Baths
3,636 Sq Ft
$142/Sq Ft Est. Value

Last Sold May 15, 2017

Last sale price $275,500 $76 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,404/month

Highlights

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

About This Home

As of May 2017

Are you looking for an amazing investment opportunity? you just found it! Cash-cow property with 4 units, generating more than 31K in gross income, yearly! All tenants are living there for a few years, on month-by-month leases and are paying below the market rents. The property is overall in good condition, though need some updates and minor repairs. There is a lot going on in this area with some major development in the horizon! This property won't last for long so schedule your showing TODAY!

Last Agent to Sell the Property

Leron Grossman

(215) 709-7676 Leron@VictoryRealEstateLLC.com Victory Real Estate, LLC License #RM423874 Listed on: 04/10/2017

Last Buyer's Agent

Leron Grossman

(215) 709-7676 Leron@VictoryRealEstateLLC.com Victory Real Estate, LLC License #RM423874 Listed on: 04/10/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,278

Year Built

  • Built in 1915

Lot Details

  • 1,800 Sq Ft Lot
  • Lot Dimensions are 18x100
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,636 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Tax Lot 149
  • Assessor Parcel Number 324207900

Community Details

Overview

  • No Home Owners Association
  • Fairmount Subdivision

Building Details

  • Insurance Expense $2,000
  • Maintenance Expense $1,000
  • Operating Expense $5,478

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,278

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Remarks Public: Are you looking for an amazing investment opportunity? you just found it! Cash-cow property with 4 units, generating more than 31K in gross income, yearly! All tenants are living there for a few years, on month-by-month leases and are paying below the market rents. The property is overall in good condition, though need some updates and minor repairs. There is a lot going on in this area with some major development in the horizon! This property won't last for long so schedule your showing TODAY!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 3636
  • Living Area Sq Ft: 3636
  • Price Per Sq Ft: 68.76
  • Above Grade Finished Sq Ft: 3636
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1631

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • 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
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1200.00
  • Water Source: Public

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

  • Improvement Assessed Value: 68749.00
  • Land Assessed Value: 22551.00
  • Land Use Code: U50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 18X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1800.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 31380.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 1079663
  • Tax Annual Amount: 1278.00
  • Assessor Parcel Number: 324207900
  • Tax Lot: 149
  • Tax Year: 2017
  • Close Date: 05/15/2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2024
Sold by
Adams Mark F X and Adams Patricia M
Bought by
Kell Oliver and Viola Margaux
Current Estimated Value
$515,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Outstanding Balance
$383,206
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$132,175

Purchase Details

Listed on
Apr 10, 2017
Closed on
May 3, 2017
Sold by
Spiva Delbert T and Dandridge Spiva Carmen
Bought by
Adams Mark F X and Adams Patricia M
Seller's Agent
Leron Grossman
Victory Real Estate, LLC
Buyer's Agent
Leron Grossman
Victory Real Estate, LLC
List Price
$250,000
Sold Price
$275,500
Premium/Discount to List
$25,500
10.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.68%

Purchase Details

Closed on
May 13, 2013
Sold by
Spiva Delbert T and Danridge Spiva Carmen
Bought by
Spiva Delbert T and Dandridge Spiva Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,000
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 2004
Sold by
Williams Moses and Robinson Angela
Bought by
Spiva Delbert T and Danridge Spiva Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.03%
Mortgage Type
Commercial
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
Kell Oliver $515,000 None Listed On Document
Adams Mark F X $275,500 Northwest Abstract Company I
Spiva Delbert T -- Germantown Title Co
Spiva Delbert T $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kell Oliver $386,250
Previous Owner Spiva Delbert T $179,000
Previous Owner Spiva Delbert T $153,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2017 05/15/17 Sold $275,500 +10.2% $76 / Sq Ft
05/13/2017 05/13/17 Price Changed $250,000 0.0% $69 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
04/10/2017 04/10/17 For Sale $250,000 -- $69 / 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 $8,417 $468,600 $93,700 $374,900
2024 $8,417 $468,600 $93,700 $374,900
2023 $8,417 $601,300 $120,200 $481,100
2022 $1,650 $601,300 $120,200 $481,100
2021 $1,650 $0 $0 $0
2020 $1,650 $0 $0 $0
2019 $2,206 $0 $0 $0
2018 $1,278 $0 $0 $0
2017 $1,278 $0 $0 $0
2016 $1,278 $0 $0 $0
2015 $1,223 $0 $0 $0
2014 -- $91,300 $7,331 $83,969
2012 -- $20,800 $1,500 $19,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003244541

Bright MLS

APN: 324207900