NOT LISTED FOR SALE

Estimated Value: $510,000 - $635,000

-- Bed
3 Baths
2,220 Sq Ft
$251/Sq Ft Est. Value

Last Sold November 10, 2020

Last sale price $485,000 $218 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,578/month

6 Days on Market

Highlights

  • Straight Thru Architecture
  • Hot Water Heating System
  • 1-minute walk to Dickinson Square Park
  • No HOA

About This Home

As of November 2020

Incredible opportunity to own a cash flowing triplex in a prime location in Pennsport! Overlooking Dickinson Square Park! Three large 1 bedroom, 1 bathroom units. Units 1 and 2 are currently vacant, unit 3 is rented at under market value. Separately metered utilities, except for water. Basement storage and mechanicals. Unit 1 could rent for $1100. Unit 2 could rent for $1100, Unit 3 is currently rented for $725 but could rent for up to $900. Unbelievable opportunity, great value, rent is well below market value in its current condition but with upgrades they could rent for dramatically more!

Last Agent to Sell the Property

Michael McCann

KW Empower License #AB049770L Listed on: 09/25/2020

KW Empower

Co-Listed By

Ryan McCann

Compass RE

Last Buyer's Agent

Michael McCann

KW Empower License #AB049770L Listed on: 09/25/2020

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,295

Year Built

  • Built in 1915

Lot Details

  • 1,011 Sq Ft Lot
  • Lot Dimensions are 16.00 x 63.17

Home Design

  • 2,220 Sq Ft Home
  • Triplex
  • Straight Thru Architecture
  • Masonry

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 3 Units
  • Pennsport Subdivision

Listing and Financial Details

  • Tax Lot 281
  • Assessor Parcel Number 011431400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,295

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2220
  • Living Area Sq Ft: 2220
  • Price Per Sq Ft: 222.97
  • Above Grade Finished Sq Ft: 2220
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1634

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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • 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

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16.00 x 63.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1011.00
  • Year Assessed: 2020
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2357.00
  • Tax Annual Amount: 4295.00
  • Assessor Parcel Number: 011431400
  • Tax Lot: 281
  • Tax Total Finished Sq Ft: 2220
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/10/2020

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2020
Closed on
Nov 10, 2020
Sold by
Catalano Christopher and Catalano Teri Ann
Bought by
Forman Andrew Seth and Hearn Timothy
Seller's Agent
Michael McCann
KW Empower
Buyer's Agent
Michael McCann
KW Empower
List Price
$475,000
Sold Price
$485,000
Premium/Discount to List
$10,000
2.11%
Total Days on Market
6
Current Estimated Value
$557,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,784
Avg. Annual Appreciation
3.16%
Original Mortgage
$388,000
Outstanding Balance
$349,181
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$209,522

Purchase Details

Closed on
Jan 25, 1993
Bought by
Catalano Christopher and Catalano Teri Ann
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
Forman Andrew Seth $485,000 None Available
Catalano Christopher -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forman Andrew Seth $388,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2020 11/10/20 Sold $485,000 -2.0% $218 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
10/01/2020 10/01/20 Price Changed $495,000 +4.2% $223 / Sq Ft
09/25/2020 09/25/20 For Sale $475,000 -- $214 / 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 $5,476 $383,900 $76,780 $307,120
2024 $5,476 $383,900 $76,780 $307,120
2023 $5,476 $391,200 $78,240 $312,960
2022 $4,295 $391,200 $78,240 $312,960
2021 $4,295 $0 $0 $0
2020 $4,295 $0 $0 $0
2019 $3,963 $0 $0 $0
2018 $2,864 $0 $0 $0
2017 $2,864 $0 $0 $0
2016 $2,864 $0 $0 $0
2015 $2,360 $0 $0 $0
2014 -- $176,100 $16,834 $159,266
2012 -- $8,768 $1,481 $7,287
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH939114

Bright MLS

APN: 011431400