NOT LISTED FOR SALE

2020 E Madison St Unit 22 Philadelphia, PA 19134

Harrowgate Neighborhood

Estimated Value: $319,000 - $379,000

-- Bed
8 Baths
3,552 Sq Ft
$97/Sq Ft Est. Value

Last Sold December 16, 2020

Last sale price $220,000 $62 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,351/month

5 Days on Market

Highlights

  • 0.11 Acre Lot
  • 3 Car Detached Garage
  • Hot Water Heating System
  • No HOA

About This Home

As of December 2020

Investment rental gem. Cash making machine. Owner pay all utilities, include water, gas and electricity. 8 units. 6 1/1 and 2 studios. Most of tenants are long term... cheaper rent reflecting not updated conditions. Monthly cost average around $1250-$1350. Monthly gross rent $4000-4500. Net around @2500-$3000, All tenants prefer stay. Can only show Unit 6 (save for showing for the sale, Can be easily rented) and basement since they are occupied...

Last Agent to Sell the Property

SHER Feng

Acre Real Estate Group LLC License #RS-284450 Listed on: 11/15/2020

Last Buyer's Agent

Steven Osiecki

RE/MAX Access License #RM420757

RE/MAX Access

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,858

Year Built

  • Built in 1900

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Property is in below average condition

Parking

  • 3 Car Detached Garage
  • 3 Driveway Spaces
  • Side Facing Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Masonry

Interior Spaces

  • 3,552 Sq Ft Home
  • Basement
  • Exterior Basement Entry

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, all utilities, electricity, gas, heat, heater maintenance contract, insurance, repairs, sewer maintenance, snow removal, real estate taxes, trash collection, water
  • Tax Lot 6
  • Assessor Parcel Number 452014600

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 3-Story Building
  • Port Richmond Subdivision

Building Details

  • 1 Vacant Unit
  • Insurance Expense $2,400
  • Maintenance Expense $3,000
  • Other Expense $9,000
  • Trash Expense $500
  • Operating Expense $2,858
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,858

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: 8 apt refrigerators
  • New Construction: No
  • Other Expense: 9000.00
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: Investment rental gem. Cash making machine. Owner pay all utilities, include water, gas and electricity. 8 units. 6 1/1 and 2 studios. Most of tenants are long term... cheaper rent reflecting not updated conditions. Monthly cost average around $1250-$1350. Monthly gross rent $4000-4500. Net around @2500-$3000, All tenants prefer stay. Can only show Unit 6 (save for showing for the sale, Can be easily rented) and basement since they are occupied...
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room Count: 8
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Total Sq Ft: 3552
  • Living Area Sq Ft: 3552
  • Price Per Sq Ft: 70.38
  • Above Grade Finished Sq Ft: 3552
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2020

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 Spaces: 3.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Side Entry
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Detached Garage, Driveway, Off Street, On Street
  • Number of Spaces in Driveway: 3

Utilities

  • Refuse: 500.00
  • Central Air Conditioning: No
  • Monthly Average Electric: 311
  • Previous Twelve Months Electric Expense: 3732.00
  • Gas Avg Month: 254.00
  • Gas Prev12 Months: 3048.00
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 177
  • Water Previous Twelve Months: 2126.00
  • Water Source: Public
  • Municipal Trash: Yes

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

  • Improvement Assessed Value: 173570.00
  • Land Assessed Value: 30630.00
  • Land Use Code: N40
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Property Condition: Below Average
  • Year Assessed: 2020
  • Zoning: CMX2

Rental Info

  • Ground Rent Exists: No
  • Owner Pays: Advertising/Licenses And Permits, All Utilities, Electricity, Gas, Heat, Heater Maintenance Contract, Insurance, Repairs, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Units Furnished: All
  • Units Leased Count: 7
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1207627
  • School Tax: 1568.00
  • Tax Annual Amount: 2858.00
  • Assessor Parcel Number: 452014600
  • Tax Lot: 6
  • Tax Total Finished Sq Ft: 3552
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/16/2020

Multi Family

  • Number Of Units Vacant: 1
  • Furniture Replacement Expense: 2800.00
  • Gross Income: 48000.00
  • Operating Expense: 2858.00
  • Single Room Units Count: 2

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2020
Closed on
Dec 16, 2020
Sold by
Jiang Ming Shi
Bought by
Pbm Properties Llc
Seller's Agent
SHER Feng
Acre Real Estate Group LLC
Buyer's Agent
Steven Osiecki
RE/MAX Access
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%
Current Estimated Value
$347,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,335
Avg. Annual Appreciation
14.01%

Purchase Details

Closed on
Jan 2, 1992
Bought by
Gong Qihuia and Ming Shi Jiang
Source: Public Records

Range of Values:

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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
Pbm Properties Llc $220,000 First Partners Abstract Co
Gong Qihuia $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pbm Properties Llc $382,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $220,000 -12.0% $62 / Sq Ft
11/20/2020 11/20/20 Pending -- -- --
11/15/2020 11/15/20 For Sale $250,000 -- $70 / 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 $5,382 $428,000 $85,600 $342,400
2024 $5,382 $428,000 $85,600 $342,400
2023 $5,382 $384,500 $76,900 $307,600
2022 $2,858 $384,500 $76,900 $307,600
2021 $2,858 $0 $0 $0
2020 $2,858 $0 $0 $0
2019 $2,653 $0 $0 $0
2018 $1,544 $0 $0 $0
2017 $1,544 $0 $0 $0
2016 $1,529 $0 $0 $0
2015 $1,478 $0 $0 $0
2014 -- $110,300 $50,971 $59,329
2012 -- $14,400 $2,616 $11,784
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    SHER Feng

    Acre Real Estate Group LLC

    (267) 307-2007

    1 in this area

    16 Total Sales

    Section Image
  • Steven Osiecki

    Buyer's Agent in 2020

    Steven Osiecki

    RE/MAX

    (215) 284-2892

    7 in this area

    243 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH964026

Bright MLS

APN: 452014600

Pennsylvania Philadelphia County Philadelphia 19134 Harrowgate

2020 E Madison St Unit 22, Philadelphia, PA

This home is located at 2020 E Madison St Unit 22, Philadelphia, PA 19134 since 15 November 2020 and is currently estimated at $343,519, approximately $96 per square foot. This property was built in 1900. 2020 E Madison St Unit 22 is a home located in Philadelphia County with nearby schools including John H. Webster School, Kensington High School, and Kensington Health Sciences Academy.

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