NOT LISTED FOR SALE

1813 W Thompson St Philadelphia, PA 19121

North Philadelphia West Neighborhood

Estimated Value: $468,000 - $520,593

-- Bed
3 Baths
2,716 Sq Ft
$184/Sq Ft Est. Value

Last Sold June 27, 2019

Last sale price $340,000 $125 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,173/month

Highlights

  • Traditional Architecture
  • Central Air
  • Hot Water Heating System
  • No HOA

About This Home

As of June 2019

Opportunity Zone redevelopment package! Real estate investments made by individuals through special funds in these new zones can defer or eliminate federal taxes on capital gains. One hundred billion dollars in capital are expected to spur development in these zones. This location is growing fast, surrounded by new construction in every direction. Sale includes the following: a rare value-add 3-unit (triplex) building at 1813 Thompson with current rents of 900, 800, 850 (2550 total monthly income). Market rents after renovation should be around 1200/unit or 3600/total monthly income. One unit per floor, and 1st floor unit has access to basement which can accommodate more finished living space/bedrooms for future rental income after renovation. Sale also includes a buildable lot on Seybert St in rear of triplex currently being subdivided for new development. Future lot size of 17x40 lot can easily accommodate a 3bd x 2ba single family new construction property which will sell for in the 425k range. Walk to Ridge Ave Francisville, North Broad, Temple U, Septa Subway station + more. Site subdivision available upon request.

Last Agent to Sell the Property

Ryan McManus

ryan@agentphl.com Keller Williams Liberty Place Listed on: 04/27/2019

Last Buyer's Agent

Kriston Johnson

(215) 627-3500 krisjohn215@gmail.com KW Empower

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,144

Year Built

  • Built in 1915

Lot Details

  • 1,700 Sq Ft Lot
  • Lot Dimensions are 17.00 x 100.00

Parking

  • On-Street Parking

Home Design

  • 2,716 Sq Ft Home
  • Triplex
  • Traditional Architecture
  • Masonry

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 159
  • Assessor Parcel Number 471075300

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Net Operating Income $25,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,144

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: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Total Sq Ft: 2716
  • Living Area Sq Ft: 2716
  • Price Per Sq Ft: 147.28
  • Above Grade Finished Sq Ft: 2716
  • Above Grade Finished Area Units: Square Feet

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: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • 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 Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 157220.00
  • Land Assessed Value: 67380.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 17.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1700.00
  • Zoning: RM1

Rental Info

  • Rent Control: No
  • Total Actual Rent: 30000.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1220273
  • School Tax: 1725.00
  • Tax Annual Amount: 3144.00
  • Assessor Parcel Number: 471075300
  • Tax Lot: 159
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

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
Jun 27, 2019
Sold by
Pullpal Llc
Bought by
Li David
Seller's Agent
Ryan McManus
Keller Williams Liberty Place
Buyer's Agent
Kriston Johnson
KW Empower
List Price
$400,000
Sold Price
$340,000
Premium/Discount to List
-$60,000
-15%
Current Estimated Value
$499,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,864
Avg. Annual Appreciation
6.25%
Original Mortgage
$238,000
Outstanding Balance
$208,396
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$291,468

Purchase Details

Closed on
Jan 7, 2014
Sold by
Sterner David B
Bought by
Chelten Hills Savings Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2013
Sold by
Chelten Hills Savings Bank
Bought by
Pullpal Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 9, 2013
Sold by
Steiner David B
Bought by
Chelten Hills Savings Bank

Purchase Details

Closed on
Apr 7, 2009
Sold by
Kennedy Richard and Kennedy Birdell
Bought by
Steiner David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
4.86%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 11, 2008
Sold by
Kennedy Richard and Kennedy Birdell
Bought by
Kennedy Dia
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
Li David $340,000 National Integrity Llc
Chelten Hills Savings Bank $4,300 None Available
Pullpal Llc $140,000 None Available
Chelten Hills Savings Bank $27,700 None Available
Steiner David $80,000 None Available
Kennedy Dia -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li David $238,000
Previous Owner Pullpal Llc $112,000
Previous Owner Steiner David $136,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2019 06/27/19 Sold $340,000 0.0% $125 / Sq Ft
05/13/2019 05/13/19 Off Market $340,000 -- --
05/12/2019 05/12/19 Pending -- -- --
04/27/2019 04/27/19 For Sale $400,000 -- $147 / 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
2026 $6,530 $347,800 $69,560 $278,240
2025 $6,530 $347,800 $69,560 $278,240
2024 $6,530 $347,800 $69,560 $278,240
2023 $6,530 $466,500 $93,300 $373,200
2022 $3,679 $466,500 $93,300 $373,200
2021 $3,679 $0 $0 $0
2020 $3,679 $0 $0 $0
2019 $3,144 $0 $0 $0
2018 $2,366 $0 $0 $0
2017 $2,366 $0 $0 $0
2016 $2,366 $0 $0 $0
2015 $1,607 $0 $0 $0
2014 -- $119,900 $11,695 $108,205
2012 -- $13,440 $2,720 $10,720
Source: Public Records

Agents Affiliated with this Home

  • Ryan McManus

    Seller's Agent in 2019

    Ryan McManus

    Keller Williams Liberty Place

    (267) 838-5265

    3 in this area

    148 Total Sales

    Ryan McManus
    Section Image

  • K

    Buyer's Agent in 2019

    Kriston Johnson

    KW Empower

    (215) 627-3500

    4 in this area

    19 Total Sales

    Kriston Johnson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH789914

Bright MLS

APN: 471075300

Pennsylvania Philadelphia County Philadelphia 19121 North Philadelphia West

1813 W Thompson St, Philadelphia, PA

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