Seller's Agent in 2024
Christina Briglia
KW Empower
(267) 231-5484
17 in this area
77 Total Sales
1728 W Ritner St Philadelphia, PA 19145
South Philadelphia West Neighborhood
--
Bed
--
Bath
3,600
Sq Ft
1,300
Sq Ft Lot
Highlights
- Straight Thru Architecture
- Ceramic Tile Flooring
- Electric Baseboard Heater
About This Home
As of December 2024Corner Mixed-Use QUADPLEX in a premier Girard Estates location! Residents enjoy the convenient proximity to St. Monica's School, Girard Park, local coffee shops and eateries, and various public transporation routes. This property is move-in ready but has plenty of value-add opportunities. It features (1) first floor commercial space, (2) second floor one-bedroom units, and (1) third floor larger one-bedroom unit. The commercial space was most recently used as a retail collectibles shop and previously used as a neighborhood food market. It is comprised of a large open floor plan with high ceilings and direct access to the basement for any additional storage needs. The residential units are smartly laid out with updated kitchens and baths, ample closet space, and carpeted bedrooms. Two units use radiator heat and one unit is all-electric with baseboard heating. Each unit is separately metered for gas and electric. Residential units share coin-operated laundry on the third floor along with shared access to a potential roof deck. Projected as-is income for the building is $5,000 - $5,300/mo. and more with a few select upgrades. The future of this wonderful property is now in your hands. Owner-occupant business owners can benefit from lower rate financing! Schedule your appointment and discover the potential today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,849
Year Built
- Built in 1920
Lot Details
- 1,300 Sq Ft Lot
- Lot Dimensions are 20.00 x 65.00
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Quadruplex
- Straight Thru Architecture
- Stone Foundation
- Masonry
Interior Spaces
- 3,600 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Carpet
- Ceramic Tile
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Radiator
- Electric Baseboard Heater
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 137
- Assessor Parcel Number 871535760
Community Details
Overview
- 4 Units
- 3-Story Building
- Girard Estates Subdivision
Building Details
- 4 Vacant Units
- Income includes laundry, apartment rentals
- Insurance Expense $4,400
- Maintenance Expense $1,200
- Net Operating Income $50,299
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2024
Closed on
Nov 22, 2024
Sold by
Carabello Angela
Bought by
South Light Investment Inc
Seller's Agent
Christina Briglia
KW Empower
Buyer's Agent
Jien Fung
Mercury Real Estate Group
List Price
$650,000
Sold Price
$580,000
Premium/Discount to List
-$70,000
-10.77%
Views
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,747
Avg. Annual Appreciation
4.60%
Original Mortgage
$435,000
Outstanding Balance
$433,501
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$167,221
Purchase Details
Closed on
Mar 10, 1983
Bought by
Carabello Biagio and Carabello Angela
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $580,000 | Prosperity Abstract | |
| Deed | $20,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $435,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/04/2024 12/04/24 | Sold | $580,000 | -10.8% | $161 / Sq Ft |
| 10/04/2024 10/04/24 | Pending | -- | -- | -- |
| 08/09/2024 08/09/24 | For Sale | $650,000 | -- | $181 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,849 | $615,600 | $123,120 | $492,480 |
| 2024 | $6,849 | $615,600 | $123,120 | $492,480 |
| 2023 | $6,849 | $489,300 | $97,860 | $391,440 |
| 2022 | $5,865 | $489,300 | $97,860 | $391,440 |
| 2021 | $5,865 | $0 | $0 | $0 |
| 2020 | $5,865 | $0 | $0 | $0 |
| 2019 | $5,808 | $0 | $0 | $0 |
| 2018 | $5,640 | $0 | $0 | $0 |
| 2017 | $5,157 | $0 | $0 | $0 |
| 2016 | $5,157 | $0 | $0 | $0 |
| 2015 | $4,937 | $0 | $0 | $0 |
| 2014 | -- | $368,400 | $20,309 | $348,091 |
Source: Public Records
Agents Affiliated with this Home
-
Christina Briglia
-
Jien Fung
Buyer's Agent in 2024
Jien Fung
Mercury Real Estate Group
(267) 879-2641
30 in this area
110 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2385260
APN: 871535760
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