NOT LISTED FOR SALE

Estimated Value: $697,000 - $786,000

3 Beds
3 Baths
-- Sq Ft
1,040 Sq Ft Lot

Last Sold August 17, 2021

Last sale price $620,200

Est. 17% increase in value since last sale

Current estimated payment $4,125/month

246 Days on Market

Highlights

  • Contemporary Architecture
  • Level Entry For Accessibility
  • 4-minute walk to Norris Square Park
  • No HOA
  • Central Heating and Cooling System

About This Home

As of August 2021

Calling all investors - new construction - turnkey duplex that is 100 % leased and located in booming South Kensington! This property benefits from the full 10 year tax abatement, offering the future owner/investor substantial tax savings over the 10 year hold period. Luxury finishes, fixtures and features throughout. Washer and dryer in every unit for convenience and each rental unit has its own outdoor space, including roof deck access for the upper level unit. Be a part of a block that has boasts another five new construction buildings. Unit 1 features a bi-level 2 bed 1.5 bath, open kitchen and living room layout with quarts countertops, and modern kitchen finishes. Backyard access with fenced in yard. Unit 2 features a bi-level 3 bed 3 full bath unit with private roofdeck. Large bedrooms with double door closets and modern bathroom finishes. Each unit has an attractive open floor plan, washer/dryer, 9 foot high ceilings, recessed lighting, gorgeous kitchen with brand new stainless-steel appliances, tile backsplash, modern bathrooms and in unit security video monitoring systems. Separate utilities for all units and common area. Tax abatement included. Great location and close to transportation, restaurants and nearby Norris Square park. Plenty of options - become an owner occupant or add to your multi family portfolio. Do not miss out on this opportunity!! Call to schedule a tour.

Last Agent to Sell the Property

Bob Kiziroglou

Long & Foster Real Estate, Inc. License #RS337549 Listed on: 09/29/2020

Long & Foster Real Estate, Inc.

Co-Listed By

Abby Trimborn

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Jerome Washington

Neighborhood Assistance Corp. of America (NACA)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $224

Year Built

  • Built in 2020

Lot Details

  • 1,040 Sq Ft Lot
  • Lot Dimensions are 16.00 x 65.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Brick Exterior Construction

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 260
  • Assessor Parcel Number 183302000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$224

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Calling all investors - new construction - turnkey duplex that is 100 % leased and located in booming South Kensington! This property benefits from the full 10 year tax abatement, offering the future owner/investor substantial tax savings over the 10 year hold period. Luxury finishes, fixtures and features throughout. Washer and dryer in every unit for convenience and each rental unit has its own outdoor space, including roof deck access for the upper level unit. Be a part of a block that has boasts another five new construction buildings. Unit 1 features a bi-level 2 bed 1.5 bath, open kitchen and living room layout with quarts countertops, and modern kitchen finishes. Backyard access with fenced in yard. Unit 2 features a bi-level 3 bed 3 full bath unit with private roofdeck. Large bedrooms with double door closets and modern bathroom finishes. Each unit has an attractive open floor plan, washer/dryer, 9 foot high ceilings, recessed lighting, gorgeous kitchen with brand new stainless-steel appliances, tile backsplash, modern bathrooms and in unit security video monitoring systems. Separate utilities for all units and common area. Tax abatement included. Great location and close to transportation, restaurants and nearby Norris Square park. Plenty of options - become an owner occupant or add to your multi family portfolio. Do not miss out on this opportunity!! Call to schedule a tour.
  • Special Features: None

Interior Features

  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2039

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Assessed Value: 16000.00
  • Land Use Code: SR
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16.00 x 65.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1040.00
  • Year Assessed: 2021
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 987030
  • School Tax: 123.00
  • Tax Annual Amount: 224.00
  • Assessor Parcel Number: 183302000
  • Tax Lot: 260
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 08/17/2021

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

Closed on
Oct 26, 2018
Sold by
Parrish Property Llc
Bought by
1627 Marston St Llc
Current Estimated Value
$727,792

Purchase Details

Closed on
Dec 22, 2016
Sold by
Smith Harry J and Smith Edna W
Bought by
Parrish Property Llc

Purchase Details

Closed on
Sep 22, 1952
Bought by
Harry J Smith
Source: Public Records

Range of Values:

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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
1627 Marston St Llc $55,000 None Available
Parrish Property Llc $20,000 Land Title Building
Harry J Smith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1627 N Marston St Llc $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2021 08/17/21 Sold $620,200 0.0% --
08/09/2021 08/09/21 Rented $1,950 0.0% --
07/19/2021 07/19/21 For Rent $1,950 0.0% --
06/18/2021 06/18/21 For Sale $649,800 +4.8% --
06/02/2021 06/02/21 Pending -- -- --
05/19/2021 05/19/21 Off Market $620,200 -- --
03/31/2021 03/31/21 Price Changed $649,800 0.0% --
11/16/2020 11/16/20 Price Changed $649,900 -3.0% --
09/29/2020 09/29/20 For Sale $669,900 -- --
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 $1,679 $829,200 $165,840 $663,360
2024 $1,679 $829,200 $165,840 $663,360
2023 $1,679 $599,900 $119,980 $479,920
2022 $2,435 $119,980 $119,980 $0
2021 $224 $0 $0 $0
2020 $224 $0 $0 $0
2019 $224 $0 $0 $0
2018 $224 $0 $0 $0
2017 $224 $0 $0 $0
2016 $95 $0 $0 $0
2015 $91 $0 $0 $0
2014 -- $6,800 $6,800 $0
2012 -- $288 $288 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH940354

Bright MLS

APN: 183302000