1904 N 2nd St Philadelphia, PA 19122
Norris Square NeighborhoodEstimated Value: $452,867
--
Bed
--
Bath
2,054
Sq Ft
$220/Sq Ft
Est. Value
Highlights
- Property is in excellent condition
- Wall Furnace
- 5-minute walk to Norris Square Park
About This Home
As of July 2023The perfect investment for potential owner occupant, business owner and/or investor seeking cash flow.
This building was remodeled in 2019 where washer/dryer were added, every bathroom, kitchen and flooring were updated. The benefit of a building in this LOCATION and CONDITION is that the tenants stay long term and if vacant, relatively easy to lease.
The property currently grosses $4,175/month ($50,100/year) with low expenses.
Taxes are absolutely low at $2,207/year. Drive by and see for yourself that Olde Kensington is booming with tons of new and exciting developments that will bring so much upside value in the years to come. Live in 1 unit for free and rent out the others to pay 100% of mortgage. Buyer is responsible for verifying lot size, egress/ingress, taxes, zoning, and permitted/non-permitted use.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,207
Year Built
- Built in 1925 | Remodeled in 2019
Lot Details
- 1,274 Sq Ft Lot
- Lot Dimensions are 16.00 x 72.00
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- Quadruplex
- Rubber Roof
- Masonry
Interior Spaces
- 2,054 Sq Ft Home
- Basement
- Interior and Exterior Basement Entry
Location
- Urban Location
Utilities
- Window Unit Cooling System
- Wall Furnace
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- Tax Lot 193
- Assessor Parcel Number 871099450
Community Details
Overview
- 4 Units
- 3-Story Building
- Olde Kensington Subdivision
Building Details
- 1 Vacant Unit
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 2, 2023
Closed on
Jul 20, 2023
Sold by
Betancour Christian
Bought by
East Berks Real Estate Limited
Seller's Agent
Matin Haghkar
RE/MAX Plus
Buyer's Agent
Todd Miller
Coldwell Banker Realty
List Price
$485,000
Sold Price
$435,000
Premium/Discount to List
-$50,000
-10.31%
Total Days on Market
84
Views
72
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
$17,867
Avg. Annual Appreciation
2.20%
Original Mortgage
$343,000
Outstanding Balance
$336,001
Interest Rate
6.67%
Mortgage Type
Construction
Estimated Equity
$116,866
Purchase Details
Listed on
Jan 14, 2020
Closed on
Mar 13, 2020
Sold by
Mota Karla E and Mota Carlos
Bought by
Betancour Christian
Seller's Agent
Keith Lawson
RE/MAX Affiliates
Buyer's Agent
Matin Haghkar
RE/MAX Plus
List Price
$409,000
Sold Price
$335,000
Premium/Discount to List
-$74,000
-18.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.03%
Original Mortgage
$328,932
Interest Rate
2.75%
Mortgage Type
FHA
Purchase Details
Closed on
Oct 13, 2013
Sold by
Reynosos Liria R and Mota Carlos
Bought by
Mota Karla E and Mota Carlos
Purchase Details
Closed on
Jun 13, 2000
Sold by
Rojas Dolores
Bought by
Reynosos Liria R and Mota Carlos
Similar Homes in Philadelphia, PA
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| East Berks Real Estate Limited | $435,000 | Title Services | |
| Betancour Christian | $335,000 | None Available | |
| Mota Karla E | -- | None Available | |
| Reynosos Liria R | $1,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | East Berks Real Estate Limited | $343,000 | |
| Previous Owner | Betancour Christian | $328,932 | |
| Previous Owner | Reynosa Liria | $87,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2023 07/28/23 | Sold | $435,000 | -6.5% | $212 / Sq Ft |
| 05/26/2023 05/26/23 | Pending | -- | -- | -- |
| 04/30/2023 04/30/23 | Price Changed | $465,000 | -4.1% | $226 / Sq Ft |
| 03/20/2023 03/20/23 | For Sale | $485,000 | 0.0% | $236 / Sq Ft |
| 03/19/2023 03/19/23 | Pending | -- | -- | -- |
| 03/02/2023 03/02/23 | For Sale | $485,000 | +44.8% | $236 / Sq Ft |
| 03/13/2020 03/13/20 | Sold | $335,000 | -4.3% | $163 / Sq Ft |
| 02/15/2020 02/15/20 | Pending | -- | -- | -- |
| 02/05/2020 02/05/20 | Price Changed | $349,900 | -12.5% | $170 / Sq Ft |
| 01/22/2020 01/22/20 | Price Changed | $399,900 | -2.2% | $195 / Sq Ft |
| 01/14/2020 01/14/20 | For Sale | $409,000 | -- | $199 / 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 | $2,207 | $214,500 | $42,900 | $171,600 |
| 2024 | $2,207 | $214,500 | $42,900 | $171,600 |
| 2023 | $2,207 | $157,700 | $31,540 | $126,160 |
| 2022 | $1,195 | $157,700 | $31,540 | $126,160 |
| 2021 | $1,195 | $0 | $0 | $0 |
| 2020 | $1,195 | $0 | $0 | $0 |
| 2019 | $1,184 | $0 | $0 | $0 |
| 2018 | $1,118 | $0 | $0 | $0 |
| 2017 | $1,151 | $0 | $0 | $0 |
| 2016 | $1,151 | $0 | $0 | $0 |
| 2015 | $1,101 | $0 | $0 | $0 |
| 2014 | -- | $82,200 | $11,600 | $70,600 |
| 2012 | -- | $9,280 | $2,850 | $6,430 |
Source: Public Records
Agents Affiliated with this Home
-
Matin Haghkar
Seller's Agent in 2023
Matin Haghkar
RE/MAX
1 in this area
208 Total Sales
-
Todd Miller
Buyer's Agent in 2023
Todd Miller
Coldwell Banker Realty
(215) 479-6490
1 in this area
46 Total Sales
-
Keith Lawson
Seller's Agent in 2020
Keith Lawson
RE/MAX
(215) 335-6900
121 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2208330
APN: 871099450
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