NOT LISTED FOR SALE

1701 Georges Ln Philadelphia, PA 19131

Wynnefield Neighborhood

Estimated Value: $181,000 - $260,000

-- Bed
1 Bath
2,060 Sq Ft
$107/Sq Ft Est. Value

Last Sold August 06, 2019

Last sale price $116,500 $57 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $1,313/month

41 Days on Market

Highlights

  • Straight Thru Architecture
  • No HOA
  • 4-minute walk to Triangle Park
  • Workshop

About This Home

As of August 2019

Attention all investors and home owners! This three unit, mixed-use property features two 3-bedroom apartments on the 2nd and 3rd floors, and a store front downstairs. Possible conversion into three residential units -- check zoning ordinance. Sold AS-IS, WHERE-IS, this property is ideal for a multi-unit investor looking to capture equity and income from potential rents. It is equally as great for those who want to have a local corner store where there are none available currently. For home owners, the advantage is to live in one unit, rent the other two or perhaps live in one and do business downstairs while renting the other residential unit out to someone else. Private financing is available with 40% downpayment and closing costs paid by buyer. Vacant and on a lockbox. Note: Owner is a Licensed Real Estate Agent acting for his own account.

Last Agent to Sell the Property

Ilya Zamarin

Tesla Realty Group, LLC Listed on: 04/27/2019

Tesla Realty Group, LLC

Last Buyer's Agent

Michele Edwards

Homestarr Realty License #RS300717

Homestarr Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,097

Year Built

  • Built in 1925

Lot Details

  • 1,124 Sq Ft Lot
  • Lot Dimensions are 14.98 x 75.00
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • 2,060 Sq Ft Home
  • Triplex
  • Straight Thru Architecture
  • Fixer Upper
  • Masonry

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Front and Side Basement Entry
  • Workshop

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 521345100

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building
  • Wynnefield Subdivision

Building Details

  • 3 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,097

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1925
  • Remarks Public: Attention all investors and home owners! This three unit, mixed-use property features two 3-bedroom apartments on the 2nd and 3rd floors, and a store front downstairs. Possible conversion into three residential units -- check zoning ordinance. Sold AS-IS, WHERE-IS, this property is ideal for a multi-unit investor looking to capture equity and income from potential rents. It is equally as great for those who want to have a local corner store where there are none available currently. For home owners, the advantage is to live in one unit, rent the other two or perhaps live in one and do business downstairs while renting the other residential unit out to someone else. Private financing is available with 40% downpayment and closing costs paid by buyer. Vacant and on a lockbox. Note: Owner is a Licensed Real Estate Agent acting for his own account.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Front Entrance, Full, Outside Entrance, Side Entrance, Unfinished, Walkout Level, Workshop
  • Total Sq Ft: 2060
  • Living Area Sq Ft: 2060
  • Price Per Sq Ft: 53.40
  • Above Grade Finished Sq Ft: 2060
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1701

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 127361.00
  • Land Assessed Value: 22439.00
  • Land Use Code: U30
  • Lot Size Acres: 0.03
  • Lot Dimensions: 14.98 x 75.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1124.00
  • Property Condition: Below Average, Major Rehab Needed
  • Year Assessed: 2020
  • Zoning: RSA5

Rental Info

  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1258295
  • School Tax: 1151.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2097.00
  • Assessor Parcel Number: 521345100
  • Tax Lot: 23
  • Tax Total Finished Sq Ft: 2060
  • Tax Data Updated: Yes
  • Tax Year: 2020
  • Close Date: 08/06/2019

Multi Family

  • Number Of Units Vacant: 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2019
Closed on
Aug 6, 2019
Sold by
First Financial Holdings Ltd Llc
Bought by
Smeb Inc
Seller's Agent
Ilya Zamarin
Tesla Realty Group, LLC
Buyer's Agent
Michele Edwards
Homestarr Realty
List Price
$110,000
Sold Price
$116,500
Premium/Discount to List
$6,500
5.91%
Current Estimated Value
$220,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,000
Avg. Annual Appreciation
13.05%

Purchase Details

Closed on
Sep 9, 2014
Sold by
Bailey Donahue
Bought by
First Financial Holdings Ltd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 16, 1984
Bought by
Bailey Donahue
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
Smeb Inc $116,500 None Available
First Financial Holdings Ltd Llc -- None Available
Bailey Donahue $9,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smeb Inc $285,000
Previous Owner Bailey Donahue $105,000
Previous Owner Bailey Donahue $82,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2019 08/06/19 Sold $116,500 +5.9% $57 / Sq Ft
06/07/2019 06/07/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $110,000 0.0% $53 / Sq Ft
05/19/2019 05/19/19 Pending -- -- --
04/27/2019 04/27/19 For Sale $110,000 -- $53 / 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 $1,348 $166,000 $33,200 $132,800
2024 $1,348 $166,000 $33,200 $132,800
2023 $1,348 $96,300 $19,260 $77,040
2022 $2,097 $96,300 $19,260 $77,040
2021 $2,097 $0 $0 $0
2020 $2,097 $0 $0 $0
2019 $1,170 $0 $0 $0
2018 $1,170 $0 $0 $0
2017 $1,170 $0 $0 $0
2016 $1,017 $0 $0 $0
2015 $1,120 $0 $0 $0
2014 -- $83,600 $8,051 $75,549
2012 -- $10,816 $1,742 $9,074
Source: Public Records

Agents Affiliated with this Home

  • Ilya Zamarin

    Seller's Agent in 2019

    Ilya Zamarin

    Tesla Realty Group, LLC

    (215) 858-1018

    16 Total Sales

    Ilya Zamarin
    Section Image

  • M

    Buyer's Agent in 2019

    Michele Edwards

    Homestarr Realty

    (215) 307-7337

    15 Total Sales

    Michele Edwards
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH791126

Bright MLS

APN: 521345100

Pennsylvania Philadelphia County Philadelphia 19131 Wynnefield

1701 Georges Ln, Philadelphia, PA

This home is located at 1701 Georges Ln, Philadelphia, PA 19131 since 27 April 2019 and is currently estimated at $220,500, approximately $107 per square foot. This property was built in 1925. 1701 Georges Ln is a home located in Philadelphia County with nearby schools including Rudolph Blankenburg School, Overbrook High School, and Mastery Charter School Mann Elementary.

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