NOT LISTED FOR SALE

Estimated Value: $468,558

-- Bed
-- Bath
2,054 Sq Ft
$228/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $435,000 $212 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,671/month

84 Days on Market

Highlights

  • Property is in excellent condition
  • Wall Furnace
  • 5-minute walk to Norris Square Park

About This Home

As of July 2023

The 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.

Last Agent to Sell the Property

Matin Haghkar

properties@plusrealtors.com RE/MAX Plus Listed on: 03/02/2023

Last Buyer's Agent

Todd Miller

(215) 479-6490 todd@bricknestproperties.com Coldwell Banker Realty

Coldwell Banker Realty

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,207

Year Built

Built in 1925 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property and entry Ring Camera
  • Historic: No
  • Inclusions: Air Conditioner window units for 3 apartments
  • New Construction: No
  • Expected On Market: 2023-03-02
  • Year Built: 1925
  • Year Renovated: 2019
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Interior Access
  • Total Sq Ft: 2054
  • Living Area Sq Ft: 2054
  • Price Per Sq Ft: 226.39
  • Above Grade Finished Sq Ft: 2054
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1904

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Roof: Rubber
  • 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
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Monthly Average Electric: 200
  • Previous Twelve Months Electric Expense: 2400.00
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 64
  • Water Previous Twelve Months: 768.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: Y50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 72.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1274.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: CMX2.5

Rental Info

  • Existing Lease Type: Month To Month, Long Term
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Total Actual Rent: 50100.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 1211.00
  • Tax Annual Amount: 2207.00
  • Assessor Parcel Number: 871099450
  • Tax Lot: 193
  • Tax Total Finished Sq Ft: 2054
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 07/28/2023

Multi Family

  • Number Of Units Vacant: 1
  • Single Room Units Count: 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

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%
Current Estimated Value
$468,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,558
Avg. Annual Appreciation
6.17%
Original Mortgage
$328,932
Outstanding Balance
$289,738
Interest Rate
2.75%
Mortgage Type
FHA
Estimated Equity
$178,820

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
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
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 Betancour Christian $328,932
Previous Owner Reynosa Liria $87,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

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 $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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH2208330

Bright MLS

APN: 871099450