NOT LISTED FOR SALE

1906 Montrose St Philadelphia, PA 19146

Southwest Center City Neighborhood

Estimated Value: $559,251 - $605,000

-- Bed
3 Baths
1,200 Sq Ft
$486/Sq Ft Est. Value

Last Sold December 23, 2020

Last sale price $475,000 $396 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,580/month

Highlights

  • Traditional Architecture
  • No HOA
  • 4-minute walk to Carpenter Green Park
  • Wood Flooring
  • Forced Air Heating and Cooling System

About This Home

As of December 2020

Fully leased triplex available in the Graduate Hospital neighborhood. Each unit is a 1 bedroom 1 bath apartment with hardwood floors, C/A, and a good deal of natural light with long term tenants. Great investment in a stable neighborhood on a nice block that is close to grocery stores and center city. Units are easily rented and low turn over, or use one unit as a owner occupied and have your tenants pay your mortgage. 1st floor unit has private access to the basement and washer and dryer as well as a nice sized back yard. Landlord pays water, average cost per month is $75, and common area electric $25 per month. All units are under rented, great opportunity for a investment. 24 hours requested to inform tenants of showings.

Last Agent to Sell the Property

Lara Ertwine

SERHANT PENNSYLVANIA LLC Listed on: 09/02/2020

Last Buyer's Agent

Lara Ertwine

SERHANT PENNSYLVANIA LLC Listed on: 09/02/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,839

Year Built

  • Built in 1925

Lot Details

  • 960 Sq Ft Lot
  • Lot Dimensions are 16.00 x 60.00

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,200 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for water, common area maintenance, insurance, real estate taxes
  • Tax Lot 94
  • Assessor Parcel Number 301218900

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Graduate Hospital Subdivision

Building Details

  • Insurance Expense $1,600
  • Operating Expense $1,536

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,839

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: all tenants personal belongings
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Remarks Public: Fully leased triplex available in the Graduate Hospital neighborhood. Each unit is a 1 bedroom 1 bath apartment with hardwood floors, C/A, and a good deal of natural light with long term tenants. Great investment in a stable neighborhood on a nice block that is close to grocery stores and center city. Units are easily rented and low turn over, or use one unit as a owner occupied and have your tenants pay your mortgage. 1st floor unit has private access to the basement and washer and dryer as well as a nice sized back yard. Landlord pays water, average cost per month is $75, and common area electric $25 per month. All units are under rented, great opportunity for a investment. 24 hours requested to inform tenants of showings.
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 437.50
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1906

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 246829.00
  • Land Assessed Value: 98871.00
  • Land Use Code: U50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16.00 x 60.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 960.00
  • Year Assessed: 2020
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Month To Month, Yearly
  • Number Of Units Month To Month: 2
  • Owner Pays: Water, Common Area Maintenance, Insurance, Taxes - Real Estate
  • Rent Control: No
  • Total Actual Rent: 33900.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1061104
  • School Tax: 2655.00
  • Tax Annual Amount: 4839.00
  • Assessor Parcel Number: 301218900
  • Tax Lot: 94
  • Tax Total Finished Sq Ft: 1200
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/23/2020

Multi Family

  • Operating Expense: 1536.00
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2020
Closed on
Dec 16, 2020
Sold by
Rabe Erin
Bought by
Tamang Neil and Sherpa Neemi Lama
Seller's Agent
Lara Ertwine
SERHANT PENNSYLVANIA LLC
Buyer's Agent
Lara Ertwine
SERHANT PENNSYLVANIA LLC
List Price
$539,000
Sold Price
$475,000
Premium/Discount to List
-$64,000
-11.87%
Current Estimated Value
$583,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,417
Avg. Annual Appreciation
3.69%
Original Mortgage
$356,250
Outstanding Balance
$320,801
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$243,002

Purchase Details

Closed on
Jul 27, 2006
Sold by
Siegel Andrew and Navrosidis Savvas
Bought by
Rabe Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
6.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2005
Sold by
Silver Robert K
Bought by
Siegel Andrew and Navrosidis Savvas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
3%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Tamang Neil $475,000 Go Abstract Services Llc
Rabe Erin $285,000 None Available
Siegel Andrew $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tamang Neil $356,250
Previous Owner Rabe Erin $256,500
Previous Owner Navrosidis Savvas $17,000
Previous Owner Siegel Andrew $136,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2020 12/23/20 Sold $475,000 -9.5% $396 / Sq Ft
11/22/2020 11/22/20 Pending -- -- --
09/21/2020 09/21/20 Price Changed $525,000 -2.6% $438 / Sq Ft
09/02/2020 09/02/20 For Sale $539,000 -- $449 / 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 $5,658 $494,400 $98,880 $395,520
2024 $5,658 $494,400 $98,880 $395,520
2023 $5,658 $404,200 $80,840 $323,360
2022 $4,839 $404,200 $80,840 $323,360
2021 $4,839 $0 $0 $0
2020 $4,839 $0 $0 $0
2019 $4,951 $0 $0 $0
2018 $2,706 $0 $0 $0
2017 $2,706 $0 $0 $0
2016 $2,706 $0 $0 $0
2015 $2,590 $0 $0 $0
2014 -- $193,300 $26,317 $166,983
2012 -- $9,472 $1,686 $7,786
Source: Public Records

Agents Affiliated with this Home

  • Lara Ertwine

    Seller's Agent in 2020

    Lara Ertwine

    SERHANT PENNSYLVANIA LLC

    (215) 460-4119

    3 in this area

    147 Total Sales

    Lara Ertwine
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Map

Source: Bright MLS

MLS Number: PAPH926592

Bright MLS

APN: 301218900

Pennsylvania Philadelphia County Philadelphia 19146 Southwest Center City

1906 Montrose St, Philadelphia, PA

This home is located at 1906 Montrose St, Philadelphia, PA 19146 since 02 September 2020 and is currently estimated at $583,417, approximately $486 per square foot. This property was built in 1925. 1906 Montrose St is a home located in Philadelphia County with nearby schools including Chester A. Arthur School, Universal Institute Charter School, and Independence Charter School.

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