NOT LISTED FOR SALE

2040 Frankford Ave Philadelphia, PA 19125

East Kensington Neighborhood

Estimated Value: $790,968

-- Bed
-- Bath
2,466 Sq Ft
$321/Sq Ft Est. Value

Last Sold February 02, 2018

Last sale price $550,000 $223 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,413/month

Highlights

  • No HOA
  • Heating System Uses Gas
  • 2-minute walk to Konrad Square
  • Home Security System

About This Home

As of February 2018

Frankford Ave. is continuing to grow, and this property gives you a great opportunity to grow along with it. Invest in, or buy to live in this strong, 3-Floor, 3-Unit Fishtown brick building that is fully occupied and gets a ton of foot traffic every day. Close by is Heffe Tacos, La Colombe, a thrift shop and soon to be re-opened Rocket Cat Cafe. Also, less than 5 blocks away is the El train, SEPTA buses, I-95, and basically any and all public transportation. The building offers a ground floor commercial space, approx. 1,000 sq. ft., currently being occupied by Fishtown Vapes, plus a bathroom for convenience and basement storage. Then upstairs is two 1BR/1Bath units, one quiet 1BR apartment on the back side of the building, and a large duplex 1BR unit on the front side. All the units boast high ceilings, ample storage and bright natural light throughout. Showings are easy through ShowingTime, but need advanced notice for the tenants. Don't pass on this great property in an amazing location!

Last Agent to Sell the Property

Matt Williams

(717) 303-8063 matt@fishtownre.com Fishtown Real Estate, LLC Listed on: 10/17/2017

Last Buyer's Agent

Thomas Greer

(267) 974-1450 tomgreertherealtor@gmail.com Keller Williams Real Estate - Newtown License #RS324020

Keller Williams Real Estate - Newtown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,262

Year Built

  • Built in 1918

Lot Details

  • 1,224 Sq Ft Lot
  • Lot Dimensions are 18x68
  • Sprinkler System

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,466 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 117
  • Assessor Parcel Number 871541020

Community Details

Overview

  • No Home Owners Association
  • Fishtown Subdivision

Building Details

  • Operating Expense $3,262

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,262

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Sprinkler System
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2466
  • Living Area Sq Ft: 2466
  • Price Per Sq Ft: 234.79
  • Above Grade Finished Sq Ft: 2466
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above 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
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 219589.00
  • Land Assessed Value: 13411.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 18X68
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1224.00
  • Zoning: CMX2

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1066248
  • Tax Annual Amount: 3262.00
  • Assessor Parcel Number: 871541020
  • Tax Lot: 117
  • Tax Year: 2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2017
Closed on
Feb 2, 2018
Sold by
Vu Read Center Llc
Bought by
2040 Frankford Ave Woners Llc
Seller's Agent
Matt Williams
Fishtown Real Estate, LLC
Buyer's Agent
Thomas Greer
Keller Williams Real Estate - Newtown
List Price
$579,000
Sold Price
$550,000
Premium/Discount to List
-$29,000
-5.01%
Current Estimated Value
$790,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,968
Avg. Annual Appreciation
4.79%
Original Mortgage
$250,000
Outstanding Balance
$210,750
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$580,218

Purchase Details

Closed on
Jul 31, 2013
Sold by
Levy Manny
Bought by
Vu Read Center Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
4.42%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 24, 2005
Sold by
Castrogiovanni Margarete
Bought by
Levy Manny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
5.59%
Mortgage Type
Commercial
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
2040 Frankford Ave Woners Llc $550,000 Title Services
Vu Read Center Llc $369,000 None Available
Levy Manny $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2040 Frankford Ave Woners Llc $250,000
Previous Owner Vu Read Center Llc $295,200
Previous Owner Levy Manny $58,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/02/2018 02/02/18 Sold $550,000 0.0% $223 / Sq Ft
02/02/2018 02/02/18 Sold $550,000 -5.0% $223 / Sq Ft View Prior Sale
11/01/2017 11/01/17 Pending -- -- --
11/01/2017 11/01/17 Pending -- -- --
10/17/2017 10/17/17 Price Changed $579,000 0.0% $235 / Sq Ft
10/17/2017 10/17/17 For Sale $579,000 0.0% $235 / Sq Ft
10/17/2017 10/17/17 For Sale $579,000 +5.3% $235 / Sq Ft
10/15/2017 10/15/17 Off Market $550,000 -- --
07/20/2017 07/20/17 Price Changed $579,900 -8.7% $235 / Sq Ft
05/11/2017 05/11/17 Price Changed $635,000 -2.3% $258 / Sq Ft
04/15/2017 04/15/17 For Sale $650,000 -- $264 / 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
2026 $3,019 $245,900 $49,180 $196,720
2025 $3,019 $245,900 $49,180 $196,720
2024 $3,019 $245,900 $49,180 $196,720
2023 $3,019 $215,700 $43,140 $172,560
2022 $3,596 $215,700 $43,140 $172,560
2021 $3,596 $0 $0 $0
2020 $3,596 $0 $0 $0
2019 $3,561 $0 $0 $0
2018 $3,358 $0 $0 $0
2017 $3,262 $0 $0 $0
2016 $3,262 $0 $0 $0
2015 $3,122 $0 $0 $0
2014 -- $233,000 $13,411 $219,589
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Matt Williams

    Fishtown Real Estate, LLC

    Section Image
  • Thomas Greer

    Buyer's Agent in 2018

    Thomas Greer

    Keller Williams Real Estate - Newtown

    (267) 974-1450

    1 in this area

    122 Total Sales

    Thomas Greer
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003280145

Bright MLS

APN: 871541020

Pennsylvania Philadelphia County Philadelphia 19125 East Kensington

2040 Frankford Ave, Philadelphia, PA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes