NOT LISTED FOR SALE

1918 Wallace St Philadelphia, PA 19130

Spring Garden Neighborhood

Estimated Value: $885,518 - $1,000,000

-- Bed
3 Baths
3,519 Sq Ft
$263/Sq Ft Est. Value

Last Sold September 14, 2017

Last sale price $750,000 $213 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,871/month

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 2-minute walk to Roberto Clemente Park & Playground
  • En-Suite Primary Bedroom

About This Home

As of September 2017

Wonderful investment opportunity to own a top notch triplex in the Art Museum area. 3 self contained oversized one bedroom apartments with special character and charm. All are bi level and have their own outdoor spaces. Unit C has a big loft den and deck. Unit A has a deck off the living room. Unit B has a large private patio and a big den. Units B and C each have a powder room. Each unit has a large locked storage unit and individual .laundry rooms in the basement. This is a no-brainer investment. Rents are modest and could be increased quickly. Condo conversion a real possibility.

Last Agent to Sell the Property

Suzanne Petruzel

BHHS Fox & Roach At the Harper, Rittenhouse Square Listed on: 07/17/2017

BHHS Fox & Roach At the Harper, Rittenhouse Square

Co-Listed By

Susan Kanterman

BHHS Fox & Roach At the Harper, Rittenhouse Square License #RS159233a

Last Buyer's Agent

Rob della Franzia

New Horizons Real Estate, Inc. License #RM044032A

New Horizons Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,653

Year Built

  • Built in 1917

Lot Details

  • 1,813 Sq Ft Lot
  • Lot Dimensions are 18x100.70
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,519 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

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

Listing and Financial Details

  • Tax Lot 189
  • Assessor Parcel Number 152075600

Community Details

Overview

  • No Home Owners Association
  • Art Museum Area Subdivision

Building Details

  • Insurance Expense $1,608
  • Operating Expense $8,261

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,653

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: 3 Washer/Dryers, 3 Dishwashers, 3 Refrigerators
  • New Construction: No
  • Storage: Basement
  • Year Built: 1917
  • Remarks Public: Wonderful investment opportunity to own a top notch triplex in the Art Museum area. 3 self contained oversized one bedroom apartments with special character and charm. All are bi level and have their own outdoor spaces. Unit C has a big loft den and deck. Unit A has a deck off the living room. Unit B has a large private patio and a big den. Units B and C each have a powder room. Each unit has a large locked storage unit and individual .laundry rooms in the basement. This is a no-brainer investment. Rents are modest and could be increased quickly. Condo conversion a real possibility.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Washer In Unit
  • Total Sq Ft: 3519
  • Living Area Sq Ft: 3519
  • Price Per Sq Ft: 206.02
  • Above Grade Finished Sq Ft: 3519
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1918

Exterior Features

  • Other Structures: Above 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
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Electric, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Improvement Assessed Value: 332710.00
  • Land Assessed Value: 142590.00
  • Land Use Code: W50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 18X100.70
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1813.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 45360.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 965362
  • Tax Annual Amount: 6653.00
  • Assessor Parcel Number: 152075600
  • Tax Lot: 189
  • Tax Year: 2017
  • Close Date: 09/14/2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2017
Closed on
Aug 31, 2017
Sold by
Mcavoy Ely R and Mc Avoy Jocelyn H
Bought by
Li Yang Properties Llc
Seller's Agent
Suzanne Petruzel
BHHS Fox & Roach At the Harper, Rittenhouse Square
Buyer's Agent
Rob della Franzia
New Horizons Real Estate, Inc.
List Price
$725,000
Sold Price
$750,000
Premium/Discount to List
$25,000
3.45%
Current Estimated Value
$925,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,506
Avg. Annual Appreciation
3.66%
Original Mortgage
$525,000
Outstanding Balance
$443,956
Interest Rate
3.93%
Mortgage Type
Commercial
Estimated Equity
$556,432

Purchase Details

Closed on
Mar 29, 2004
Sold by
Daddesi Michael
Bought by
Mcavoy Ely R and Mcavoy Jocelyn H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
4.62%
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
Li Yang Properties Llc $750,000 Guarnteed Abstrct Corp
Mcavoy Ely R $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Yang Properties Llc $525,000
Previous Owner Mcavoy Ely R $356,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2017 09/14/17 Sold $750,000 +3.4% $213 / Sq Ft
07/28/2017 07/28/17 Pending -- -- --
07/17/2017 07/17/17 For Sale $725,000 -- $206 / 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 $11,280 $805,800 $161,100 $644,700
2024 $11,280 $805,800 $161,100 $644,700
2023 $11,280 $805,800 $161,160 $644,640
2022 $7,090 $805,800 $161,160 $644,640
2021 $7,090 $0 $0 $0
2020 $7,090 $0 $0 $0
2019 $6,862 $0 $0 $0
2018 $6,653 $0 $0 $0
2017 $6,653 $0 $0 $0
2016 $6,653 $0 $0 $0
2015 $6,369 $0 $0 $0
2014 -- $475,300 $91,943 $383,357
2012 -- $42,880 $6,477 $36,403
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Suzanne Petruzel

    BHHS Fox & Roach

    (610) 659-8030

    1 in this area

    16 Total Sales

    Suzanne Petruzel
    Section Image
  • Susan Kanterman

    Seller Co-Listing Agent in 2017

    Susan Kanterman

    BHHS Fox & Roach

    (215) 868-3946

    2 in this area

    15 Total Sales

    Susan Kanterman
    Section Image
  • Rob della Franzia

    Buyer's Agent in 2017

    Rob della Franzia

    New Horizons Real Estate, Inc.

    (215) 407-3837

    120 Total Sales

    Rob della Franzia
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003256681

Bright MLS

APN: 152075600

Pennsylvania Philadelphia County Philadelphia 19130 Spring Garden

1918 Wallace St, Philadelphia, PA

This home is located at 1918 Wallace St, Philadelphia, PA 19130 since 17 July 2017 and is currently estimated at $925,506, approximately $263 per square foot. This property was built in 1917. 1918 Wallace St is a home located in Philadelphia County with nearby schools including Laura Wheeler Waring Public School, Benjamin Franklin High School, and St Francis Xavier School.

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