NOT LISTED FOR SALE

Estimated Value: $564,000 - $992,478

-- Bed
4 Baths
3,100 Sq Ft
$266/Sq Ft Est. Value

Last Sold October 28, 2013

Last sale price $422,000 $136 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,983/month

Highlights

  • Newly Remodeled
  • No HOA
  • Central Air
  • Wood Flooring
  • En-Suite Primary Bedroom
  • Property is in excellent condition

About This Home

As of October 2013

A few blocks from the TU Campus this new construction duplex is a proven great investment. Well-built, nicely laid out, and wonderfully located, the rent rolls of the identical units bring in almost 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 seven years left on a 10-year tax abatement. Each unit comes with a newer washer and dryer, as well as its own sprinkler system. This truly is a turnkey investment that offers extreme value.

Last Agent to Sell the Property

Jordan Brody

(267) 515-6029 metropolitanphilly@gmail.com Coldwell Banker Realty License #RS292239 Listed on: 09/12/2013

Coldwell Banker Realty

Last Buyer's Agent

Karl Klotzbach

(484) 363-3657 karl.klotzbach@gmail.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,587

Year Built

  • Built in 2010 | Newly Remodeled

Lot Details

  • 1,536 Sq Ft Lot
  • Lot Dimensions are 16x96
  • Sprinkler System
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,100 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Flooring

  • Wood
  • Tile or Brick

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 220
  • Assessor Parcel Number 321227200

Community Details

Overview

  • No Home Owners Association
  • North Central Subdivision

Building Details

  • Insurance Expense $1,912
  • Operating Expense $3,224

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,587

Year Built

Built in 2010 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Belongings
  • Inclusions: All Appliances
  • New Construction: Yes
  • Storage: Basement
  • Year Built: 2010
  • Remarks Public: A few blocks from the TU Campus this new construction duplex is a proven great investment. Well-built, nicely laid out, and wonderfully located, the rent rolls of the identical units bring in almost 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 seven years left on a 10-year tax abatement. Each unit comes with a newer washer and dryer, as well as its own sprinkler system. This truly is a turnkey investment that offers extreme value.
  • Special Features: NewHome

Interior Features

  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Sprinkler System
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit
  • Total Sq Ft: 3100
  • Living Area Sq Ft: 3100
  • Price Per Sq Ft: 140.32
  • Above Grade Finished Sq Ft: 3100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1936

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • 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
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1296.00
  • 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

  • Land Assessed Value: 160.00
  • Land Use Code: W50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16X96
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1536.00
  • Property Condition: Excellent
  • Zoning: R10

Green Features

  • R Factor Ceilings: 38
  • R Factor Ext Walls: 30

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 48000.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1073838
  • Tax Annual Amount: 16.00
  • Assessor Parcel Number: 321227200
  • Tax Lot: 220
  • Tax Year: 2013
  • Close Date: 10/28/2013

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2015
Sold by
Bu Tian
Bought by
Lu Lu and Wen Jason L
Current Estimated Value
$823,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Outstanding Balance
$245,558
Interest Rate
3.76%
Mortgage Type
Commercial
Estimated Equity
$577,601

Purchase Details

Listed on
Sep 12, 2013
Closed on
Oct 25, 2013
Sold by
Sevani Philly Llc
Bought by
Bu Tian
Seller's Agent
Jordan Brody
Coldwell Banker Realty
Buyer's Agent
Karl Klotzbach
Coldwell Banker Realty
List Price
$435,000
Sold Price
$422,000
Premium/Discount to List
-$13,000
-2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Original Mortgage
$316,500
Interest Rate
4.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 2010
Sold by
Yorkshire Equity Llc
Bought by
Sevani Philly Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
4.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 2009
Sold by
Phillips Anthony C and Estate Of George Phillips
Bought by
Yorkshire Equity Llc
Source: Public Records

Range of Values:

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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
Lu Lu $450,000 Attorney
Bu Tian $422,000 Title Service
Sevani Philly Llc $385,000 None Available
Yorkshire Equity Llc $17,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lu Lu $318,750
Previous Owner Bu Tian $316,500
Previous Owner Sevani Philly Llc $305,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2013 10/28/13 Sold $422,000 -3.0% $136 / Sq Ft
09/30/2013 09/30/13 Pending -- -- --
09/12/2013 09/12/13 For Sale $435,000 -- $140 / 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 $7,587 $542,000 $77,200 $464,800
2024 $7,587 $542,000 $77,200 $464,800
2023 $7,587 $542,000 $77,200 $464,800
2022 $7,587 $542,000 $77,200 $464,800
2021 $7,587 $0 $0 $0
2020 $3,250 $0 $0 $0
2019 $1,045 $0 $0 $0
2018 $826 $0 $0 $0
2017 $826 $0 $0 $0
2016 $137 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $362,100 $9,776 $352,324
2012 -- $41,600 $160 $41,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003586046

Bright MLS

APN: 321227200