NOT LISTED FOR SALE

Estimated Value: $383,000 - $425,000

-- Bed
1 Bath
1,440 Sq Ft
$277/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $325,000 $226 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,437/month

114 Days on Market

Highlights

  • Contemporary Architecture
  • Corner Lot
  • Ceiling Fan
  • Wood Flooring
  • No HOA
  • Electric Baseboard Heater

About This Home

As of December 2019

Rare opportunity to own a Huge Corner 2 Story duplex building in the desirable passyunk Square. This property is legal 2 units duplex and offers tremendous upside and value through adding cosmetic updating. All units feature spacious living room space, large kitchen, high ceilings, natural light, and neutral color throughout. Each unit has two bedrooms, ONE bath, BRIGHT and SPACIOUS. The 1st floor is a 2 Bed/1 and 1/2 Bath unit with access to large basement and rear outdoor space. The 1st floor unit is renting at $1000 per month. Through the 2nd floor is separate entrance, featuring 2 Bed/1 Bath, sun-filled rooms with lots of windows, and renting at $850 per month. Good tenants with below market rents, and very easy to rent , where conveniently located in the prime location, to all the local hotspots, transportation, shops, restaurants, and in close proximity to the Passyunk Ave corridor. Don t miss out on this incredible opportunity to update this property and increase both rent and value. Make your appointment, run your numbers, and Make us an offer! Buyer is responsible for any and all due diligence. All square footage numbers are approximate and should be verified by the buyer. It is the responsibility of the buyer to verify real estate taxes with OPA.

Last Agent to Sell the Property

Andrew Cheng

(267) 506-7100 andrewcheng@kw.com Keller Williams Realty - Cherry Hill Listed on: 07/07/2019

Keller Williams Realty - Cherry Hill

Co-Listed By

Paul Cheng

(215) 327-1722 paulcheng@kw.com Keller Williams Realty - Cherry Hill

Last Buyer's Agent

Andrew Cheng

(267) 506-7100 andrewcheng@kw.com Keller Williams Realty - Cherry Hill Listed on: 07/07/2019

Keller Williams Realty - Cherry Hill

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,491

Year Built

  • Built in 1920

Lot Details

  • 840 Sq Ft Lot
  • Lot Dimensions are 15.00 x 56.00
  • Corner Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Rubber Roof
  • Masonry

Interior Spaces

  • 1,440 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet

Accessible Home Design

  • Doors are 32 inches wide or more

Schools

  • Southwark Elementary And Middle School
  • South Philadelphia High School

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 121
  • Assessor Parcel Number 394173300

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Passyunk Square Subdivision

Building Details

  • Income includes apartment rentals
  • Gross Income $22,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,491

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Exclusions: Tenant's belongings
  • Historic: No
  • New Construction: No
  • Expected On Market: 2019-07-08
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood, Fully Carpeted
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1440
  • Living Area Sq Ft: 1440
  • Price Per Sq Ft: 249.31
  • Above Grade Finished Sq Ft: 1440
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Roof: Rubber
  • Spa: No
  • 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
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: SOUTHWARK SCHOOL
  • High School: SOUTH PHILADELPHIA
  • Middle Or Junior School: SOUTHWARK SCHOOL

Lot Info

  • Lot Features: Corner
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15.00 x 56.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 840.00
  • Property Condition: Very Good
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Gross
  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 22200.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 1916.00
  • Tax Annual Amount: 3491.00
  • Assessor Parcel Number: 394173300
  • Tax Lot: 121
  • Tax Data Updated: Yes
  • Tax Year: 2020

Multi Family

  • Gross Income: 22200.00
  • Gross Scheduled Income: 22200.00
  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2019
Closed on
Dec 23, 2019
Sold by
Chin Carol
Bought by
Cheng Andrew F and Chen Yu
Seller's Agent
Andrew Cheng
Keller Williams Realty - Cherry Hill
Buyer's Agent
Andrew Cheng
Keller Williams Realty - Cherry Hill
List Price
$365,000
Sold Price
$325,000
Premium/Discount to List
-$40,000
-10.96%
Current Estimated Value
$398,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,377
Avg. Annual Appreciation
3.54%
Original Mortgage
$229,875
Outstanding Balance
$202,668
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$195,709

Purchase Details

Closed on
May 16, 2008
Sold by
Chin Carol and Cheng Linda
Bought by
Chin Carol

Purchase Details

Closed on
Jun 26, 2006
Sold by
Lau Ung A
Bought by
Chin Carol and Cheng Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,800
Interest Rate
6.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2005
Sold by
Albright Matthew Mark
Bought by
Lau Ung A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 6, 2001
Sold by
Lemons Joseph S and Lemons Carmella J
Bought by
Albright Matthew Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,850
Interest Rate
6.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 1995
Sold by
Medora Eugene T
Bought by
Lemons Joseph S and Lemons Carmella J
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cheng Andrew F $306,500 Statewide Abstract Group Inc
Chin Carol -- None Available
Chin Carol $201,000 United General Title Ins Co
Lau Ung A $185,000 None Available
Albright Matthew Mark $71,000 --
Lemons Joseph S $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Andrew F $229,875
Previous Owner Chin Carol $160,800
Previous Owner Lau Ung A $148,000
Previous Owner Albright Matthew Mark $68,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2019 12/23/19 Sold $325,000 -9.5% $226 / Sq Ft
09/05/2019 09/05/19 Price Changed $359,000 -1.6% $249 / Sq Ft
07/07/2019 07/07/19 For Sale $365,000 -- $253 / 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 $4,227 $339,800 $67,960 $271,840
2024 $4,227 $339,800 $67,960 $271,840
2023 $4,227 $302,000 $60,400 $241,600
2022 $3,491 $302,000 $60,400 $241,600
2021 $3,491 $0 $0 $0
2020 $3,491 $0 $0 $0
2019 $3,222 $0 $0 $0
2018 $2,262 $0 $0 $0
2017 $2,262 $0 $0 $0
2016 $2,262 $0 $0 $0
2015 $1,875 $0 $0 $0
2014 -- $139,900 $12,606 $127,294
2012 -- $13,760 $2,254 $11,506
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH813844

Bright MLS

APN: 394173300