NOT LISTED FOR SALE

1926 N 2nd St Philadelphia, PA 19122

Norris Square Neighborhood

Estimated Value: $175,000 - $884,205

-- Bed
-- Bath
-- Sq Ft
984 Sq Ft Lot

Last Sold February 28, 2020

Last sale price $702,000

Est. 25% decrease in value since last sale

Current estimated payment $2,832/month

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • 4-minute walk to Norris Square Park

About This Home

As of February 2020

1926 N 2nd is a New Construction Triplex in the Kensington neighborhood - perfect for a savvy investor or an owner occupant looking to cover expenses with rent. The property is located on the booming 2nd street corridor which is undergoing a massive transformation - purchase now to get in on the ground floor of a burgeoning neighborhood. Two of three units are rented - the third unit can be left vacant or filled with a tenant depending on a buyer's preference. Features include hardwood floors, stainless steel kitchen appliances, laundry on-site, bright natural light, and gorgeous modern finishes throughout. Unit #1 is a 1-bed/1-bath with private backyard, Unit #2 is bi-level with 2-beds/2baths (currently vacant) and #3 is bi-level with 2 beds/2baths and private roof deck. The property was built by one of the area's premier builders and the builder's warranty will be transferred to the new owner.

Last Agent to Sell the Property

Ariel Morgenstein

(215) 740-6226 sales@jg-realestate.com JG Real Estate LLC License #RM421955 Listed on: 05/01/2019

JG Real Estate LLC

Last Buyer's Agent

EMILY GREENBERG

(609) 410-7450 emilygreenberg@kw.com KW Empower License #RS334339

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $297

Lot Details

  • 984 Sq Ft Lot
  • Lot Dimensions are 13.71 x 71.75

Home Design

  • Triplex

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 182
  • Assessor Parcel Number 885179960

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Kensington Subdivision

Building Details

  • Net Operating Income $41,548

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$297

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Remarks Public: 1926 N 2nd is a New Construction Triplex in the Kensington neighborhood - perfect for a savvy investor or an owner occupant looking to cover expenses with rent. The property is located on the booming 2nd street corridor which is undergoing a massive transformation - purchase now to get in on the ground floor of a burgeoning neighborhood. Two of three units are rented - the third unit can be left vacant or filled with a tenant depending on a buyer's preference. Features include hardwood floors, stainless steel kitchen appliances, laundry on-site, bright natural light, and gorgeous modern finishes throughout. Unit #1 is a 1-bed/1-bath with private backyard, Unit #2 is bi-level with 2-beds/2baths (currently vacant) and #3 is bi-level with 2 beds/2baths and private roof deck. The property was built by one of the area's premier builders and the builder's warranty will be transferred to the new owner.
  • Special Features: None

Interior Features

  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1926

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Forced Air
  • Heating: Yes
  • 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

  • Land Assessed Value: 21200.00
  • Land Use Code: SC
  • Lot Size Acres: 0.02
  • Lot Dimensions: 13.71 x 71.75
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 984.00
  • Year Assessed: 2020
  • Zoning: CMX2

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Total Actual Rent: 54120.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 986958
  • School Tax: 163.00
  • Tax Annual Amount: 297.00
  • Assessor Parcel Number: 885179960
  • Tax Lot: 182
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 02/28/2020

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3
  • Vacancy Allowance Rate: 5.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2019
Closed on
Feb 11, 2020
Sold by
1926 N 2Nd Llc
Bought by
Lyons Scott Alexander
Seller's Agent
Ariel Morgenstein
JG Real Estate LLC
Buyer's Agent
EMILY GREENBERG
KW Empower
List Price
$725,000
Sold Price
$702,000
Premium/Discount to List
-$23,000
-3.17%
Current Estimated Value
$529,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$172,397
Avg. Annual Appreciation
-4.87%
Original Mortgage
$702,000
Outstanding Balance
$620,382
Interest Rate
3.5%
Mortgage Type
VA
Estimated Equity
-$90,779

Purchase Details

Closed on
Jan 29, 2018
Sold by
Keri Llc
Bought by
1926 N 2Nd Llc

Purchase Details

Closed on
May 5, 2014
Sold by
Gomez Robert
Bought by
Torres Freddy

Purchase Details

Closed on
Aug 7, 2001
Sold by
Freidman Lucy C
Bought by
Gomez Robert

Purchase Details

Closed on
Jun 19, 2000
Sold by
Friedman Lucy
Bought by
Friedman Lucy
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
Lyons Scott Alexander $702,000 Great American Abstract Llc
1926 N 2Nd Llc $120,000 None Available
Torres Freddy $2,000 None Available
Gomez Robert $2,500 --
Friedman Lucy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lyons Scott Alexander $702,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2020 02/28/20 Sold $702,000 -0.4% --
01/07/2020 01/07/20 Price Changed $704,900 -1.4% --
09/11/2019 09/11/19 Price Changed $715,000 -1.4% --
05/01/2019 05/01/19 For Sale $725,000 -- --
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 $267 $19,100 $19,100 --
2024 $267 $19,100 $19,100 --
2023 $267 $19,100 $19,100 $0
2022 $297 $19,100 $19,100 $0
2021 $297 $0 $0 $0
2020 $297 $0 $0 $0
2019 $297 $0 $0 $0
2018 $0 $0 $0 $0
2017 $102 $0 $0 $0
2016 $102 $0 $0 $0
2015 $98 $0 $0 $0
2014 -- $7,300 $7,300 $0
2012 -- $2,016 $2,016 $0
Source: Public Records

Agents Affiliated with this Home

  • Ariel Morgenstein

    Seller's Agent in 2020

    Ariel Morgenstein

    JG Real Estate

    (215) 740-6226

    7 in this area

    183 Total Sales

    Ariel Morgenstein
    Section Image
  • EMILY GREENBERG

    Buyer's Agent in 2020

    EMILY GREENBERG

    KW Empower

    (609) 410-7450

    56 Total Sales

    EMILY GREENBERG
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH792672

Bright MLS

APN: 885179960

Pennsylvania Philadelphia County Philadelphia 19122 Norris Square

1926 N 2nd St, Philadelphia, PA

This home is located at 1926 N 2nd St, Philadelphia, PA 19122 since 01 May 2019 and is currently estimated at $529,603. 1926 N 2nd St is a home located in Philadelphia County with nearby schools including John Moffet School, Penn Treaty School, and Al Aqsa Islamic Academy.

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