NOT LISTED FOR SALE

1827 Fairmount Ave Philadelphia, PA 19130

Fairmount Neighborhood

Estimated Value: $748,000 - $863,821

-- Bed
3 Baths
2,214 Sq Ft
$363/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $770,000 $348 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,785/month

38 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • 1-minute walk to Francisville Recreation Center

About This Home

As of April 2023

Incredible opportunity to own a triplex in the Art Museum Area. This building is fully renovated and consist of 3 units fully leased. Each unit has keyless entry, hardwood floors and washer and dryer in unit. Units also have separate meters for gas and electric tenants pay all utilities.

Must see

Last Agent to Sell the Property

Andrea Sahm

(215) 806-4451 andrea.loonstyn@gmail.com BHHS Fox & Roach-Art Museum Listed on: 02/03/2023

BHHS Fox & Roach-Art Museum

Last Buyer's Agent

Kelly Zheng

(267) 888-1800 KellyZ817@yahoo.com A Plus Realtors LLC License #RM423341

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,872

Year Built

  • Built in 1920

Lot Details

  • 1,088 Sq Ft Lot
  • Lot Dimensions are 17.00 x 64.00

Parking

  • On-Street Parking

Home Design

  • 2,214 Sq Ft Home
  • Triplex
  • Traditional Architecture
  • Brick Foundation
  • Masonry

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • No Septic System

Listing and Financial Details

  • Tax Lot 154
  • Assessor Parcel Number 152139500

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $12,830
  • Gross Income $61,800
  • Net Operating Income $47,116

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,872

Year Built

Built in 1920

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: 1920
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 2214
  • Living Area Sq Ft: 2214
  • Price Per Sq Ft: 374.84
  • Above Grade Finished Sq Ft: 2214
  • 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: Forced Air, Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: No Septic System
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.02
  • Lot Dimensions: 17.00 x 64.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1088.00
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Gross
  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 61800.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 3771.00
  • Tax Annual Amount: 6872.00
  • Assessor Parcel Number: 152139500
  • Tax Lot: 154
  • Tax Data Updated: No
  • Tax Year: 2023

Multi Family

  • Gross Income: 61800.00
  • Gross Scheduled Income: 61800.00
  • Operating Expense: 12830.00
  • Vacancy Allowance Rate: 3.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2023
Closed on
May 16, 2023
Sold by
150-1504 Grstreet Llc
Bought by
Zheng Liyun and Jiang Tony Xiang
Seller's Agent
Andrea Sahm
BHHS Fox & Roach-Art Museum
Buyer's Agent
Kelly Zheng
A Plus Realtors LLC
List Price
$879,900
Sold Price
$770,000
Premium/Discount to List
-$109,900
-12.49%
Views
83
Current Estimated Value
$804,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,607
Avg. Annual Appreciation
1.77%

Purchase Details

Closed on
Dec 21, 2012
Sold by
Reyna Zoila and Batista Zoila
Bought by
1502 1504 Green Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
3.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 18, 1999
Sold by
Reyna Dionicio P and Reyna Zoila
Bought by
Reyna Zoila and Batista Zoila
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
Zheng Liyun $770,000 None Listed On Document
1502 1504 Green Street Llc $210,000 None Available
Reyna Zoila -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1502 1504 Green Street Llc $393,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2023 04/28/23 Sold $770,000 -7.2% $348 / Sq Ft
02/28/2023 02/28/23 Price Changed $829,900 -5.7% $375 / Sq Ft
02/03/2023 02/03/23 For Sale $879,900 -- $397 / 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 $6,873 $670,400 $134,080 $536,320
2024 $6,873 $670,400 $134,080 $536,320
2023 $6,873 $818,300 $163,660 $654,640
2022 $4,079 $490,980 $163,660 $327,320
2021 $4,079 $0 $0 $0
2020 $4,079 $0 $0 $0
2019 $3,947 $0 $0 $0
2018 $4,239 $0 $0 $0
2017 $4,239 $0 $0 $0
2016 $3,043 $0 $0 $0
2015 $4,179 $0 $0 $0
2014 -- $311,900 $55,162 $256,738
2012 -- $15,616 $5,330 $10,286
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Andrea Sahm

    BHHS Fox & Roach

    (215) 806-4451

    14 in this area

    22 Total Sales

    Andrea Sahm
    Section Image
  • Kelly Zheng

    Buyer's Agent in 2023

    Kelly Zheng

    A Plus Realtors LLC

    (267) 888-1800

    1 in this area

    53 Total Sales

    Kelly Zheng
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2199704

Bright MLS

APN: 152139500

Pennsylvania Philadelphia County Philadelphia 19130 Fairmount

1827 Fairmount Ave, Philadelphia, PA

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