NOT LISTED FOR SALE

Estimated Value: $641,000 - $785,000

-- Bed
3 Baths
3,314 Sq Ft
$220/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $675,000 $204 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,572/month

About This Home

As of December 2021

Welcome to 2017 Fitzwater St – a fantastic income-generating duplex in the heart of Graduate Hospital. This fully occupied property produces over $45,000 a year and is the perfect addition to any investor’s portfolio. The first floor 1 bed/1 bath unit was recently renovated and is rented ($1700 monthly) and managed by a professional management company. It features an updated kitchen with four-piece stainless steel appliances, as well as counter seating. In addition, the unit has access to a long, dry basement that has potential to be finished, as well as a quiet, private backyard. The unit is used as a short term rental and is featured as a popular listing on Airbnb as well as other sites. Continuing upstairs, the property features an occupied ($2200 monthly) bi-level 2 bed/2 bath unit with refinished original hardwood floors, a picturesque kitchen with exposed beams, and terrific lighting throughout. Both bedrooms are spacious and afforded privacy by being on separate floors. The third floor also features a stunning four-piece en-suite bathroom with a soaking tub, oversized walk-in shower, and double sink vanity. With a cap rate of 6.9%, consistent appreciation in one of Philadelphia’s most desirable neighborhoods, and instant income generation - don’t miss this rare opportunity! All best and final offers due by 12pm Mon Nov 29.

Last Agent to Sell the Property

Christopher Somers

(267) 987-4443 thesomersteam@gmail.com KW Empower License #RS278328 Listed on: 11/19/2021

KW Empower

Co-Listed By

Rani Saba

(215) 284-1760 rani@thesomersteam.com KW Empower License #RS359089

Last Buyer's Agent

Jamie Quinn

(215) 478-7218 jamiequinncbp@gmail.com Keller Williams Main Line License #RS326137

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,427

Year Built

  • Built in 1915

Lot Details

  • 1,328 Sq Ft Lot
  • Lot Dimensions are 16.00 x 83.00

Parking

  • On-Street Parking

Home Design

  • 3,314 Sq Ft Home
  • Duplex
  • Brick Foundation
  • Masonry

Utilities

  • Radiant Heating System
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • 2 Units
  • Graduate Hospital Subdivision

Listing and Financial Details

  • Tax Lot 43
  • Assessor Parcel Number 301095400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,427

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 2017 Fitzwater St – a fantastic income-generating duplex in the heart of Graduate Hospital. This fully occupied property produces over $45,000 a year and is the perfect addition to any investor’s portfolio. The first floor 1 bed/1 bath unit was recently renovated and is rented ($1700 monthly) and managed by a professional management company. It features an updated kitchen with four-piece stainless steel appliances, as well as counter seating. In addition, the unit has access to a long, dry basement that has potential to be finished, as well as a quiet, private backyard. The unit is used as a short term rental and is featured as a popular listing on Airbnb as well as other sites. Continuing upstairs, the property features an occupied ($2200 monthly) bi-level 2 bed/2 bath unit with refinished original hardwood floors, a picturesque kitchen with exposed beams, and terrific lighting throughout. Both bedrooms are spacious and afforded privacy by being on separate floors. The third floor also features a stunning four-piece en-suite bathroom with a soaking tub, oversized walk-in shower, and double sink vanity. With a cap rate of 6.9%, consistent appreciation in one of Philadelphia’s most desirable neighborhoods, and instant income generation - don’t miss this rare opportunity! All best and final offers due by 12pm Mon Nov 29.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 3314
  • Living Area Sq Ft: 3314
  • Price Per Sq Ft: 203.68
  • Above Grade Finished Sq Ft: 3314
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2017

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • 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: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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

  • Improvement Assessed Value: 371420.00
  • Land Assessed Value: 159180.00
  • Land Use Code: U50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 83.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1328.00
  • Year Assessed: 2021
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1060327
  • School Tax: 4076.00
  • Tax Annual Amount: 7427.00
  • Assessor Parcel Number: 301095400
  • Tax Lot: 43
  • Tax Total Finished Sq Ft: 2314
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/30/2021

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
Nov 19, 2021
Closed on
Dec 30, 2021
Sold by
Riter Iii Charles W
Bought by
Mullin Thomas A and Mullin Thomas L
Seller's Agent
Christopher Somers
KW Empower
Buyer's Agent
Jamie Quinn
Keller Williams Main Line
List Price
$675,000
Sold Price
$675,000
Current Estimated Value
$728,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,097
Avg. Annual Appreciation
2.02%
Original Mortgage
$573,750
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 22, 2013
Closed on
Mar 29, 2013
Sold by
Chapman Richard Lee and Chapman Laurie L
Bought by
Riter Charles W
Seller's Agent
Eric Fox
Compass RE
Buyer's Agent
Lynda Krevitz
KW Empower
List Price
$359,900
Sold Price
$359,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.44%
Original Mortgage
$353,380
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 25, 2008
Sold by
Hubler William and Hubler Linda
Bought by
Chapman Richard Lee and Chapman Laurie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,266
Interest Rate
6.47%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 24, 2000
Sold by
Milstein Dennis Lair
Bought by
Hubler William and Hubler Linda
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
Mullin Thomas A $675,000 City Abstract
Riter Charles W $359,900 None Available
Chapman Richard Lee $299,900 Commonwealth Title
Hubler William $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mullin Thomas A $573,750
Previous Owner Riter Charles W $353,380
Previous Owner Chapman Richard Lee $295,266
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2021 12/30/21 Sold $675,000 0.0% $204 / Sq Ft
11/19/2021 11/19/21 For Sale $675,000 +87.6% $204 / Sq Ft
03/29/2013 03/29/13 Sold $359,900 0.0% $156 / Sq Ft View Prior Sale
02/08/2013 02/08/13 Pending -- -- --
01/22/2013 01/22/13 For Sale $359,900 -- $156 / 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 $8,675 $778,500 $155,700 $622,800
2024 $8,675 $778,500 $155,700 $622,800
2023 $8,675 $619,700 $123,940 $495,760
2022 $6,797 $574,700 $123,940 $450,760
2021 $7,427 $0 $0 $0
2020 $7,427 $0 $0 $0
2019 $7,600 $0 $0 $0
2018 $6,047 $0 $0 $0
2017 $6,047 $0 $0 $0
2016 $5,627 $0 $0 $0
2015 $3,422 $0 $0 $0
2014 -- $285,400 $56,822 $228,578
2012 -- $17,248 $1,797 $15,451
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2047066

Bright MLS

APN: 301095400