NOT LISTED FOR SALE

Estimated Value: $650,000 - $822,514

-- Bed
4 Baths
4,264 Sq Ft
$167/Sq Ft Est. Value

Last Sold January 30, 2018

Last sale price $485,000 $114 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,364/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Forced Air Heating and Cooling System

About This Home

As of January 2018

BIG Price Reduction! Rarely offered Quadplex in Bustleton which was rebuilt in 1990 (as per Seller), where each unit offers separate entrance, 2BRs, 1.5 Bathrooms, AND a finished basement. Rents are considerably under market to these long term tenants (10+ years) so there is plenty of room for an improved cap rate. Each unit has it's own central heating/Air conditioning & electric utilities, parking space, and exterior recreation area. All 4 units are in updated/move-in condition, the roof was recently installed, and each unit is well kept by the respective Tenants. Located in highly desirable Bustleton neighborhood in the Great Northeast, this property screams opportunity for the savvy Investor and Owner Occupant. Seller is now offering to split the building by selling units A & B together for $299,900, and units C & D together for $319,900. The property resides within walking distance to public transportation, shopping malls, Route 1, and area schools. This is a "must see" property.

Last Agent to Sell the Property

Brian Lanoza

(215) 317-0082 goldjacketrealtor@gmail.com Century 21 Advantage Gold-Southampton License #RS279853 Listed on: 03/14/2017

Century 21 Advantage Gold-Southampton

Last Buyer's Agent

Kevin P. Gilmore

(215) 550-1803 kevin@thegilmore.group RE/MAX Centre Realtors License #RS331062

RE/MAX Centre Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,439

Year Built

  • Built in 1990

Lot Details

  • 5,794 Sq Ft Lot
  • Lot Dimensions are 77x75
  • Property is in good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 4,264 Sq Ft Home
  • Finished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 139
  • Assessor Parcel Number 581012900

Community Details

Overview

  • No Home Owners Association
  • Bustleton Subdivision

Building Details

  • Operating Expense $4,439

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,439

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1990
  • Remarks Public: BIG Price Reduction! Rarely offered Quadplex in Bustleton which was rebuilt in 1990 (as per Seller), where each unit offers separate entrance, 2BRs, 1.5 Bathrooms, AND a finished basement. Rents are considerably under market to these long term tenants (10+ years) so there is plenty of room for an improved cap rate. Each unit has it's own central heating/Air conditioning & electric utilities, parking space, and exterior recreation area. All 4 units are in updated/move-in condition, the roof was recently installed, and each unit is well kept by the respective Tenants. Located in highly desirable Bustleton neighborhood in the Great Northeast, this property screams opportunity for the savvy Investor and Owner Occupant. Seller is now offering to split the building by selling units A & B together for $299,900, and units C & D together for $319,900. The property resides within walking distance to public transportation, shopping malls, Route 1, and area schools. This is a "must see" property.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Entry Location: Private
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Has Laundry
  • Total Sq Ft: 4264
  • Living Area Sq Ft: 4264
  • Price Per Sq Ft: 123.10
  • Above Grade Finished Sq Ft: 4264
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2035

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • 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

  • Improvement Assessed Value: 221970.00
  • Land Assessed Value: 95130.00
  • Land Use Code: W30
  • Lot Size Acres: 0.13
  • Lot Dimensions: 77X75
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5794.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RTA1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 1303851
  • Tax Annual Amount: 4439.00
  • Assessor Parcel Number: 581012900
  • Tax Lot: 139
  • Tax Year: 2017
  • Close Date: 01/30/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2017
Closed on
Jan 30, 2018
Sold by
Valtsis Vitaliy and Valtsis Inna
Bought by
Rubicon Re 102 Llc
Seller's Agent
Brian Lanoza
Century 21 Advantage Gold-Southampton
Buyer's Agent
Kevin P. Gilmore
RE/MAX Centre Realtors
List Price
$599,900
Sold Price
$485,000
Premium/Discount to List
-$114,900
-19.15%
Current Estimated Value
$712,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,171
Avg. Annual Appreciation
5.08%

Purchase Details

Closed on
Feb 29, 1996
Sold by
Malpezzi Theodore A and Cassalia Alan B
Bought by
Valtsis Vitaliy and Valtsis Inna
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
Rubicon Re 102 Llc $485,000 None Available
Valtsis Vitaliy $194,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2018 01/30/18 Sold $485,000 -7.6% $114 / Sq Ft
01/12/2018 01/12/18 Pending -- -- --
01/03/2018 01/03/18 Price Changed $524,900 -12.5% $123 / Sq Ft
09/14/2017 09/14/17 For Sale $599,900 +23.7% $141 / Sq Ft
09/14/2017 09/14/17 Off Market $485,000 -- --
03/14/2017 03/14/17 For Sale $599,900 -- $141 / 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 $7,643 $546,000 $109,200 $436,800
2024 $7,643 $546,000 $109,200 $436,800
2023 $7,643 $546,000 $109,200 $436,800
2022 $7,643 $546,000 $109,200 $436,800
2021 $5,948 $0 $0 $0
2020 $5,948 $0 $0 $0
2019 $4,899 $0 $0 $0
2018 $4,439 $0 $0 $0
2017 $4,439 $0 $0 $0
2016 $4,439 $0 $0 $0
2015 $4,249 $0 $0 $0
2014 -- $317,100 $97,648 $219,452
2012 -- $44,800 $14,000 $30,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000864125

Bright MLS

APN: 581012900