NOT LISTED FOR SALE

Estimated Value: $530,000 - $610,213

-- Bed
3 Baths
2,376 Sq Ft
$235/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $550,000 $231 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,451/month

About This Home

As of August 2021

Investor Alert! This well maintained, multifamily is located next to Passyunk Square, is walking distance to the Italian Market and is in close proximity to the Broad Street line and 95. The current owners have taken great care of this building including; new water heaters, a renovated backyard, new windows , new kitchen in all units, renovated bathrooms in all units, new paint and a new sewer line. The tenants are all under annual lease agreements. Unit 1 is a 2 bed/1 bath , Unit 2 is a 1 bed/1 bath and Unit 3 is a 1 bed 1 bath. Unit 3 has a nice patio with great views of the city. The property is a legal triplex and has 3 active rental licenses (see attached). Come see why this is such a great turnkey and cashing flowing investment property.

Last Agent to Sell the Property

Matthew Aragona

(610) 745-3211 matt.aragona@compass.com Compass RE License #2293844 Listed on: 06/24/2021

Compass RE

Co-Listed By

Jim Israel

(215) 828-4219 jim.israel@wheelhousephilly.com Compass RE License #2549478

Last Buyer's Agent

Sean Elstone

(610) 209-1934 sean@mainlinemccann.com Keller Williams Main Line License #AB069062

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,986

Year Built

  • Built in 1915

Lot Details

  • 1,088 Sq Ft Lot
  • Lot Dimensions are 16.00 x 68.00

Home Design

  • Triplex
  • Masonry

Interior Spaces

  • 2,376 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater

Listing and Financial Details

  • The owner pays for water, trash collection
  • Tax Lot 27
  • Assessor Parcel Number 393497000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Building Details

  • Income includes apartment rentals
  • Net Operating Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,986

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Expected On Market: 2021-06-24
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: Investor Alert! This well maintained, multifamily is located next to Passyunk Square, is walking distance to the Italian Market and is in close proximity to the Broad Street line and 95. The current owners have taken great care of this building including; new water heaters, a renovated backyard, new windows , new kitchen in all units, renovated bathrooms in all units, new paint and a new sewer line. The tenants are all under annual lease agreements. Unit 1 is a 2 bed/1 bath , Unit 2 is a 1 bed/1 bath and Unit 3 is a 1 bed 1 bath. Unit 3 has a nice patio with great views of the city. The property is a legal triplex and has 3 active rental licenses (see attached). Come see why this is such a great turnkey and cashing flowing investment property.
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2376
  • Living Area Sq Ft: 2376
  • Price Per Sq Ft: 243.69
  • Above Grade Finished Sq Ft: 2376
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1908

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

Utilities

  • Refuse: 500.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 90
  • Water Previous Twelve Months: 1080.00
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: 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: 300990.00
  • Land Assessed Value: 55210.00
  • Land Use Code: U50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16.00 x 68.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1088.00
  • Year Assessed: 2021
  • Zoning: RSA5
  • Zoning Description: Variance in place for 3 family dwelling. Building has active rental licenses for all 3 units.

Rental Info

  • Owner Pays: Water, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 45000.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1147869
  • School Tax: 2736.00
  • Tax Annual Amount: 4986.00
  • Assessor Parcel Number: 393497000
  • Tax Lot: 27
  • Tax Total Finished Sq Ft: 2376
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 08/20/2021

Multi Family

  • Income Includes: Apartment Rentals
  • 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
Jun 24, 2021
Closed on
Aug 11, 2021
Sold by
Thomas Halpin Jr
Bought by
Elstone Sean and Elstone Dorothy
Seller's Agent
Matthew Aragona
Compass RE
Buyer's Agent
Sean Elstone
Keller Williams Main Line
List Price
$579,000
Sold Price
$550,000
Premium/Discount to List
-$29,000
-5.01%
Current Estimated Value
$558,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,071
Avg. Annual Appreciation
0.35%
Original Mortgage
$412,500
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2015
Closed on
Apr 24, 2015
Sold by
Sawan George
Bought by
Halpin Thomas and Tran Anh T
Seller's Agent
Ricardo Silva
Realty Mark Associates-CC
Buyer's Agent
Vasili Barbounis
KW Empower
List Price
$325,000
Sold Price
$320,000
Premium/Discount to List
-$5,000
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.93%

Purchase Details

Closed on
Oct 28, 2003
Sold by
Bombino Patrick
Bought by
Sawan George

Purchase Details

Closed on
Dec 28, 2001
Sold by
Bellak Madeline M
Bought by
Bombino Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,250
Interest Rate
6.72%
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
Elstone Sean $550,000 Great American Abstract
Halpin Thomas $320,000 Great American Abstract
Sawan George $160,000 --
Bombino Patrick $67,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elstone Sean $412,500
Previous Owner Bombino Patrick $50,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/20/2021 08/20/21 Sold $550,000 -5.0% $231 / Sq Ft
07/20/2021 07/20/21 Price Changed $579,000 0.0% $244 / Sq Ft
07/20/2021 07/20/21 For Sale $579,000 0.0% $244 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $579,000 +80.9% $244 / Sq Ft
04/24/2015 04/24/15 Sold $320,000 -1.5% $148 / Sq Ft View Prior Sale
03/29/2015 03/29/15 Pending -- -- --
03/10/2015 03/10/15 For Sale $325,000 -- $150 / 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 $5,874 $521,600 $104,320 $417,280
2024 $5,874 $521,600 $104,320 $417,280
2023 $5,874 $419,600 $83,920 $335,680
2022 $4,986 $419,600 $83,920 $335,680
2021 $4,986 $0 $0 $0
2020 $4,986 $0 $0 $0
2019 $5,272 $0 $0 $0
2018 $2,828 $0 $0 $0
2017 $2,828 $0 $0 $0
2016 $2,828 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $166,200 $16,328 $149,872
2012 -- $14,624 $2,329 $12,295
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2003470

Bright MLS

APN: 393497000