NOT LISTED FOR SALE

1641 N Philip St Philadelphia, PA 19122

Olde Kensington Neighborhood

Estimated Value: $488,000 - $1,331,000

-- Bed
6 Baths
-- Sq Ft
1,035 Sq Ft Lot

Last Sold October 09, 2018

Last sale price $820,000

Est. 22% increase in value since last sale

Current estimated payment $5,760/month

12 Days on Market

Highlights

  • Newly Remodeled
  • En-Suite Primary Bedroom
  • Heating System Uses Gas
  • No HOA
  • Central Air
  • 5-minute walk to Hancock Park

About This Home

As of October 2018

Fantastic investment opportunity in burgeoning Olde Kensington! Each unit in this State of the Art Triplex features 2 spacious Bedrooms and two and a half full Bathrooms. Stainless Steal appliances and tile adorn the large eat in kitchen with Granite countertops and Breakfast bar. Amazing panoramic views of Philadelphia and the skyline make for one of the best roof decks in the city! Steps from Frankford Ave in Fishtown and The Piazza in Northern Liberties make this the an incredibly walkable option for owner occupants and renters alike. Blocks away from public transit and highways. Book your tour today!

Last Agent to Sell the Property

Anthony Castaneda

Opus Elite Real Estate License #RS325527 Listed on: 07/15/2018

Co-Listed By

Solon Alpohoritis

KW Empower License #RS313053

Last Buyer's Agent

John Cesarine

BHHS Fox & Roach-Bryn Mawr

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $106

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 1,035 Sq Ft Lot
  • Lot Dimensions are 17x61

Parking

  • Rented or Permit Required

Home Design

  • Triplex

Utilities

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

Additional Features

  • En-Suite Primary Bedroom
  • Laundry in unit
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 225
  • Assessor Parcel Number 183115130

Community Details

Overview

  • No Home Owners Association
  • Olde Kensington Subdivision

Building Details

  • Insurance Expense $1,800
  • Operating Expense $4,306

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$106

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: Yes
  • Year Built: 2018
  • Remarks Public: Fantastic investment opportunity in burgeoning Olde Kensington! Each unit in this State of the Art Triplex features 2 spacious Bedrooms and two and a half full Bathrooms. Stainless Steal appliances and tile adorn the large eat in kitchen with Granite countertops and Breakfast bar. Amazing panoramic views of Philadelphia and the skyline make for one of the best roof decks in the city! Steps from Frankford Ave in Fishtown and The Piazza in Northern Liberties make this the an incredibly walkable option for owner occupants and renters alike. Blocks away from public transit and highways. Book your tour today!
  • Special Features: 4098

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Washer In Unit
  • Street Number Modifier: 1641

Exterior Features

  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 2400.00
  • 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

  • Land Assessed Value: 7600.00
  • Land Use Code: SR
  • Lot Size Acres: 0.02
  • Lot Dimensions: 17X61
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1035.00
  • Zoning: CMX2

Green Features

  • R Factor Ceilings: Y
  • R Factor Ext Walls: Y

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 70620.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 9539359
  • Tax Annual Amount: 106.00
  • Assessor Parcel Number: 183115130
  • Tax Lot: 225
  • Tax Year: 2018
  • Close Date: 10/09/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2018
Closed on
Sep 10, 2018
Sold by
2Nd Investments Llc
Bought by
Hronec Christine
Seller's Agent
Anthony Castaneda
Opus Elite Real Estate
Buyer's Agent
John Cesarine
BHHS Fox & Roach-Bryn Mawr
List Price
$899,500
Sold Price
$820,000
Premium/Discount to List
-$79,500
-8.84%
Current Estimated Value
$1,001,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,429
Avg. Annual Appreciation
3.47%
Original Mortgage
$656,000
Outstanding Balance
$600,014
Interest Rate
6.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$436,870

Purchase Details

Closed on
Jun 20, 2018
Sold by
Jackson Properties Lp
Bought by
2Nd Street Investments Llc

Purchase Details

Closed on
Aug 11, 2016
Sold by
Jackson Properties Lp
Bought by
2Nd Street Investmensts Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.42%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 31, 2015
Sold by
Jackson Properties Lp
Bought by
2Nd Street Investmetns 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
Hronec Christine $820,000 None Available
2Nd Street Investments Llc -- First Partners Abstract Co
2Nd Street Investmensts Llc -- First Partners Abstract Co
2Nd Street Investmetns Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hronec Christine $656,000
Previous Owner 2Nd Street Investmensts Llc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2018 10/09/18 Sold $820,000 -8.8% --
07/27/2018 07/27/18 Pending -- -- --
07/15/2018 07/15/18 For Sale $899,500 -- --
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 $3,632 $851,600 $170,320 $681,280
2024 $3,632 $851,600 $170,320 $681,280
2023 $3,632 $895,000 $259,500 $635,500
2022 $3,633 $259,500 $259,500 $0
2021 $3,633 $0 $0 $0
2020 $3,633 $0 $0 $0
2019 $3,633 $0 $0 $0
2018 $106 $0 $0 $0
2017 $106 $0 $0 $0
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Anthony Castaneda

    Seller's Agent in 2018

    Anthony Castaneda

    Opus Elite Real Estate

    (267) 974-4423

    3 in this area

    69 Total Sales

    Anthony Castaneda
    Section Image
  • Solon Alpohoritis

    Seller Co-Listing Agent in 2018

    Solon Alpohoritis

    KW Empower

    (267) 506-1757

    1 in this area

    65 Total Sales

    Solon Alpohoritis
    Section Image

  • J

    Buyer's Agent in 2018

    John Cesarine

    BHHS Fox & Roach

    Section Image
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Map

Source: Bright MLS

MLS Number: 1002050924

Bright MLS

APN: 183115130

Pennsylvania Philadelphia County Philadelphia 19122 Olde Kensington

1641 N Philip St, Philadelphia, PA

This home is located at 1641 N Philip St, Philadelphia, PA 19122 since 15 July 2018 and is currently estimated at $1,001,429. This property was built in 2018. 1641 N Philip St is a home located in Philadelphia County with nearby schools including John Moffet School, Penn Treaty School, and Al Aqsa Islamic Academy.

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