NOT LISTED FOR SALE

2012 S 9th St Philadelphia, PA 19148

East Passyunk Neighborhood

Estimated Value: $680,000

0.1 Acre
$6,800,000 Price per Acre
4,392 Sq Ft Lot

Last Sold November 30, 2021

Last sale price $985,000 $228 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $4,410/month

About This Lot

As of November 2021

This is the only current shovel-ready opportunity in the coveted East Passyunk submarket to build residential townhomes - attractive in and of itself, but when considering the tax abatement implications (program being reduced at start of 2022) for both builders and future homebuyers, this offering is completely enhanced. Walkable to many of the city's favorite bars, restaurants and boutiques, this 6-unit "South Philly" development site is fully entitled to build 3bd x 3ba 2300+ SF luxury residences with pro forma outsales of +/-$600,000. There is no competition in the submarket when considering new construction outsales - meaning the new owner/developer will have the rare ability to command price and control the market to a certain extent. "Restaurant Row" along East Passyunk Avenue is the hippest strip in South Philadelphia, with notable award-winning chefs and establishments lining the Avenue from Broad Street to Washington Avenue and is just a .5M walk from the subject property, as is the Snyder Station on the Septa Broad Street subway line which connects directly into Center City Philadelphia and points north (North Broad) and south (Stadium District).

Last Agent to Sell the Property

Ryan McManus

ryan@agentphl.com Keller Williams Liberty Place Listed on: 09/07/2021

Last Buyer's Agent

Richard Cassell

(215) 627-3500 rcassell@kw.com KW Empower License #2322460

KW Empower

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,607

Lot Details

  • 4,392 Sq Ft Lot
  • Lot Dimensions are 44.29 x 99.16
  • Property is zoned CMX2

Community Details

  • No Home Owners Association
  • East Passyunk Crossing Subdivision

Listing and Financial Details

  • Tax Lot 346
  • Assessor Parcel Number 882970605

Property Details

Property Type

Land

Est. Annual Taxes

$7,607

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Warehouse, Vacant
  • Expected On Market: 2021-09-15
  • Automatically Close On Close Date: No
  • Remarks Public: This is the only current shovel-ready opportunity in the coveted East Passyunk submarket to build residential townhomes - attractive in and of itself, but when considering the tax abatement implications (program being reduced at start of 2022) for both builders and future homebuyers, this offering is completely enhanced. Walkable to many of the city's favorite bars, restaurants and boutiques, this 6-unit "South Philly" development site is fully entitled to build 3bd x 3ba 2300+ SF luxury residences with pro forma outsales of +/-$600,000. There is no competition in the submarket when considering new construction outsales - meaning the new owner/developer will have the rare ability to command price and control the market to a certain extent. "Restaurant Row" along East Passyunk Avenue is the hippest strip in South Philadelphia, with notable award-winning chefs and establishments lining the Avenue from Broad Street to Washington Avenue and is just a .5M walk from the subject property, as is the Snyder Station on the Septa Broad Street subway line which connects directly into Center City Philadelphia and points north (North Broad) and south (Stadium District).
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 233.38
  • Street Number Modifier: 2012

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • 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

Lot Info

  • Additional Parcels: No
  • Improvement Assessed Value: 434700.00
  • Land Use Code: BA0
  • Lot Size Acres: 0.10
  • Lot Dimensions: 44.29 x 99.16
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4392.00
  • Year Assessed: 2021
  • Zoning: CMX2
  • Farmland Preservation: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1415063
  • School Tax: 4174.00
  • Tax Annual Amount: 7607.00
  • Assessor Parcel Number: 882970605
  • Tax Lot: 346
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 11/30/2021

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2020
Sold by
Mrd Investment Llc
Bought by
Ccd 107 Llc
Current Estimated Value
$680,000

Purchase Details

Closed on
Feb 21, 2018
Sold by
Mckean Place Llc
Bought by
Mrb Investments Llc

Purchase Details

Closed on
Sep 28, 2015
Sold by
Estate Of James J D Amario
Bought by
Mckean Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
3.88%
Mortgage Type
Commercial
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
Ccd 107 Llc $750,000 Alpert Abstract Llc
Mrb Investments Llc $510,000 Alpert Abstract Llc
Mckean Place Llc $260,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckean Place Llc $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2021 11/30/21 Sold $985,000 -3.9% $228 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/14/2021 10/14/21 Price Changed $1,025,000 -2.4% $238 / Sq Ft
09/07/2021 09/07/21 For Sale $1,050,000 -- $244 / 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 $9,614 $699,000 $139,800 $559,200
2024 $9,614 $699,000 $139,800 $559,200
2023 $9,614 $686,800 $137,360 $549,440
2022 $7,607 $686,800 $137,360 $549,440
2021 $7,607 $0 $0 $0
2020 $7,607 $0 $0 $0
2019 $7,551 $0 $0 $0
2018 $7,551 $0 $0 $0
2017 $4,237 $0 $0 $0
2016 $4,237 $0 $0 $0
2015 $4,056 $0 $0 $0
2014 -- $302,700 $12,700 $290,000
Source: Public Records

Agents Affiliated with this Home

  • Ryan McManus

    Seller's Agent in 2021

    Ryan McManus

    Keller Williams Liberty Place

    (267) 838-5265

    3 in this area

    150 Total Sales

    Ryan McManus
    Section Image
  • Richard Cassell

    Buyer's Agent in 2021

    Richard Cassell

    KW Empower

    (215) 627-3500

    2 in this area

    178 Total Sales

    Richard Cassell
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2024670

Bright MLS

APN: 882970605

Pennsylvania Philadelphia County Philadelphia 19148 East Passyunk

2012 S 9th St, Philadelphia, PA

This home is located at 2012 S 9th St, Philadelphia, PA 19148 since 07 September 2021 and is currently estimated at $680,000, approximately $157 per square foot. 2012 S 9th St is a home located in Philadelphia County with nearby schools including Southwark School, South Philadelphia High School, and Our Lady of Hope.

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