NOT LISTED FOR SALE

Estimated Value: $519,000 - $769,202

-- Bed
4 Baths
2,313 Sq Ft
$281/Sq Ft Est. Value

Last Sold April 08, 2019

Last sale price $475,000 $205 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,191/month

6 Days on Market

Highlights

  • Newly Remodeled
  • Forced Air Heating and Cooling System
  • Property is in excellent condition
  • No HOA

About This Home

As of April 2019

A few blocks from the TU Campus this has been a proven great investment. Well-built, nicely laid out, and wonderfully located, the rent roll of this building brings in over 50,000 annually. Both of the four-bedroom, two-bathroom units in this duplex feature: oak hardwood floors; spacious kitchens with granite countertops, high-end cabinetry, and newer appliances; two tile bathrooms; and four generous bedrooms. The first floor unit has access to a full unfinished basement and rear patio. The second floor unit comes complete with over sized den accentuated with Juliet balcony. All utilities are electric and each unit is separately metered. The value continues with years left on a 10-year tax abatement. This truly is a turnkey investment that offers extreme value.Best of all this property is already leased through next year. (July 2020) Pictures are of a identical property take when constructed.

Last Agent to Sell the Property

Karl Klotzbach

Coldwell Banker Realty Listed on: 03/05/2019

Coldwell Banker Realty

Last Buyer's Agent

Pradeep John

Keller Williams Real Estate Tri-County License #AB068822

Keller Williams Real Estate Tri-County

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $792

Year Built

  • Built in 2011 | Newly Remodeled

Lot Details

  • 1,325 Sq Ft Lot
  • Lot Dimensions are 16.50 x 80.33
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Bi-Level Home
  • Brick Exterior Construction
  • Aluminum Siding
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,313 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 173
  • Assessor Parcel Number 321239300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$792

Year Built

Built in 2011 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Bi-Level
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • Historic: No
  • Home Warranty: No
  • New Construction: Yes
  • Year Built: 2011
  • Remarks Public: A few blocks from the TU Campus this has been a proven great investment. Well-built, nicely laid out, and wonderfully located, the rent roll of this building brings in over 50,000 annually. Both of the four-bedroom, two-bathroom units in this duplex feature: oak hardwood floors; spacious kitchens with granite countertops, high-end cabinetry, and newer appliances; two tile bathrooms; and four generous bedrooms. The first floor unit has access to a full unfinished basement and rear patio. The second floor unit comes complete with over sized den accentuated with Juliet balcony. All utilities are electric and each unit is separately metered. The value continues with years left on a 10-year tax abatement. This truly is a turnkey investment that offers extreme value.Best of all this property is already leased through next year. (July 2020) Pictures are of a identical property take when constructed.
  • Special Features: NewHome

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2313
  • Living Area Sq Ft: 2313
  • Price Per Sq Ft: 216.17
  • Above Grade Finished Sq Ft: 2313
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1921

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Aluminum Siding, Brick, Concrete, Vinyl Siding
  • Construction Completed: Yes
  • 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: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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

  • Land Assessed Value: 56560.00
  • Land Use Code: W50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.50 x 80.33
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1325.00
  • Property Condition: Excellent
  • Year Assessed: 2019
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 53400.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1073921
  • School Tax: 434.00
  • Tax Annual Amount: 792.00
  • Assessor Parcel Number: 321239300
  • Tax Lot: 173
  • Tax Total Finished Sq Ft: 2313
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 04/08/2019

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2019
Closed on
Apr 5, 2019
Sold by
1921 N Gratz St Llc
Bought by
Sebastian Joseph J
Seller's Agent
Karl Klotzbach
Coldwell Banker Realty
Buyer's Agent
Pradeep John
Keller Williams Real Estate Tri-County
List Price
$500,000
Sold Price
$475,000
Premium/Discount to List
-$25,000
-5%
Current Estimated Value
$649,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,734
Avg. Annual Appreciation
4.77%
Original Mortgage
$356,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2011
Sold by
Feldman Alex and Feldman Simon
Bought by
1921 N Gratz St Llc

Purchase Details

Closed on
Sep 30, 2010
Sold by
Yorkshire Equity Llc
Bought by
Feldman Alex and Feldman Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2010
Sold by
Green Truck Enterprises Llc
Bought by
Yorkshire Equity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.36%
Mortgage Type
Commercial

Purchase Details

Closed on
May 3, 2010
Sold by
Mnc Properties Llc
Bought by
Green Truck Enterprises Llc

Purchase Details

Closed on
Dec 22, 2009
Sold by
Doxon Lucy V and Estate Of James Dixon
Bought by
Mnc Properties Llc
Source: Public Records

Range of Values:

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Average Value
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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
Sebastian Joseph J $475,000 None Available
1921 N Gratz St Llc -- None Available
Feldman Alex $400,000 None Available
Yorkshire Equity Llc -- None Available
Green Truck Enterprises Llc $42,500 None Available
Mnc Properties Llc $10,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sebastian Joseph J $390,000
Closed Sebastian Joseph J $356,250
Previous Owner Feldman Alex $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2019 04/08/19 Sold $475,000 -5.0% $205 / Sq Ft
03/11/2019 03/11/19 Pending -- -- --
03/05/2019 03/05/19 For Sale $500,000 -- $216 / 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 $7,898 $564,200 $112,800 $451,400
2024 $7,898 $564,200 $112,800 $451,400
2023 $7,898 $564,200 $112,800 $451,400
2022 $7,286 $564,200 $112,800 $451,400
2021 $7,286 $0 $0 $0
2020 $2,586 $0 $0 $0
2019 $792 $0 $0 $0
2018 $821 $0 $0 $0
2017 $821 $0 $0 $0
2016 $118 $0 $0 $0
2015 $113 $0 $0 $0
2014 -- $365,800 $8,435 $357,365
2012 -- $40,320 $4,032 $36,288
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH723382

Bright MLS

APN: 321239300