NOT LISTED FOR SALE

2040 S Philip St Philadelphia, PA 19148

Pennsport Neighborhood

Estimated Value: $232,000 - $246,398

-- Bed
2 Baths
968 Sq Ft
$245/Sq Ft Est. Value

Last Sold July 10, 2024

Last sale price $234,000 $242 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,515/month

25 Days on Market

Highlights

  • Eat-In Kitchen
  • Recessed Lighting
  • Carpet
  • Back and Side Yard
  • Forced Air Heating System
  • 2-minute walk to Burke Playground

About This Home

As of July 2024

Fantastic PENNSPORT investor opportunity! Two-unit multifamily/commercial apartment building with gated entry foyer and separate entrances. Two-story building with 16'x49' lot size and desirable CMX2 zoning. 1st floor and basement: Vacant bi-level/needs work. Cleaned-out in empty complete shell condition. Nearly 8' high basement ceilings with a poured concrete floor. Finish a renovation as a basic 1-bedroom mirror to the 2nd floor apartment OR a 2-bedroom bi-level apartment (or commercial uses possible). 2nd floor: Nice 1 bedroom / 1 bath apartment with gas cooking, gas heat and wall A/C ready to lease. Prime neighborhood and ideal location. Convenient for parking and transportation. Walk Score of 91 (Walker's Paradise). Walking distance to restaurants, bars, shopping and parks. Close to Target, ACME Markets and dozens of retail stores including Lowes, Ikea, Home Depot and Walmart.

Last Agent to Sell the Property

Derek Greene

(860) 560-1006 office@thegreenerealtygroup.com The Greene Realty Group License #SBR004802 Listed on: 05/21/2024

Last Buyer's Agent

Patrick Conway

(215) 266-1537 patrick@conwayteam.com BHHS Fox & Roach-Center City Walnut License #RS217990L

BHHS Fox & Roach-Center City Walnut

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,108

Year Built

  • Built in 1920

Lot Details

  • 781 Sq Ft Lot
  • Lot Dimensions are 16.00 x 49.00
  • Back and Side Yard

Home Design

  • Duplex
  • Stone Foundation
  • Poured Concrete
  • Rubber Roof
  • Masonry

Interior Spaces

  • 968 Sq Ft Home
  • Recessed Lighting
  • Carpet
  • Unfinished Basement
  • Basement Windows

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Range Hood

Parking

  • Public Parking
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 174
  • Assessor Parcel Number 391305200

Community Details

Overview

  • 2 Units
  • Pennsport Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,108

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: installed appliances and wall a/c included in as-is condition
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Fantastic PENNSPORT investor opportunity! Two-unit multifamily/commercial apartment building with gated entry foyer and separate entrances. Two-story building with 16'x49' lot size and desirable CMX2 zoning. 1st floor and basement: Vacant bi-level/needs work. Cleaned-out in empty complete shell condition. Nearly 8' high basement ceilings with a poured concrete floor. Finish a renovation as a basic 1-bedroom mirror to the 2nd floor apartment OR a 2-bedroom bi-level apartment (or commercial uses possible). 2nd floor: Nice 1 bedroom / 1 bath apartment with gas cooking, gas heat and wall A/C ready to lease. Prime neighborhood and ideal location. Convenient for parking and transportation. Walk Score of 91 (Walker's Paradise). Walking distance to restaurants, bars, shopping and parks. Close to Target, ACME Markets and dozens of retail stores including Lowes, Ikea, Home Depot and Walmart.
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Gas, Range Hood, Refrigerator, Water Heater
  • Interior Amenities: Carpet, Kitchen - Eat-In, Recessed Lighting
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Poured Concrete, Unfinished, Windows
  • Total Sq Ft: 968
  • Living Area Sq Ft: 968
  • Price Per Sq Ft: 257.23
  • Above Grade Finished Sq Ft: 968
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2040

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
  • Parking Features: Public
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: U30
  • Lot Features: Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16.00 x 49.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 781.00
  • Year Assessed: 2023
  • Zoning: CMX2

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 1705.00
  • Tax Annual Amount: 3108.00
  • Assessor Parcel Number: 391305200
  • Tax Lot: 174
  • Tax Total Finished Sq Ft: 968
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/10/2024

Multi Family

  • Number Of Units Vacant: 2

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2024
Closed on
Jul 10, 2024
Sold by
Tresoikas John and Tresoikas Regina
Bought by
Diantonio Thomas G and Diantonio Christine
Seller's Agent
Derek Greene
The Greene Realty Group
Buyer's Agent
Patrick Conway
BHHS Fox & Roach-Center City Walnut
List Price
$249,000
Sold Price
$234,000
Premium/Discount to List
-$15,000
-6.02%
Views
13
Current Estimated Value
$236,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,799
Avg. Annual Appreciation
0.95%

Purchase Details

Closed on
Oct 7, 1988
Bought by
Tresoiras John and Tresoiras Regina
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
Diantonio Thomas G $234,000 City Line Abstract
Tresoiras John $25,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2024 07/10/24 Sold $234,000 -6.0% $242 / Sq Ft
06/15/2024 06/15/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $249,000 -- $257 / 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 $3,109 $223,700 $44,740 $178,960
2024 $3,109 $223,700 $44,740 $178,960
2023 $3,109 $222,100 $44,420 $177,680
2022 $3,109 $222,100 $44,420 $177,680
2021 $2,629 $0 $0 $0
2020 $2,629 $0 $0 $0
2019 $2,426 $0 $0 $0
2018 $1,842 $0 $0 $0
2017 $1,842 $0 $0 $0
2016 $1,842 $0 $0 $0
2015 $1,763 $0 $0 $0
2014 -- $131,600 $14,389 $117,211
2012 -- $8,384 $2,408 $5,976
Source: Public Records

Agents Affiliated with this Home

  • Derek Greene

    Seller's Agent in 2024

    Derek Greene

    The Greene Realty Group

    (860) 560-1006

    1 in this area

    2,980 Total Sales

    Derek Greene
    Section Image
  • Patrick Conway

    Buyer's Agent in 2024

    Patrick Conway

    BHHS Fox & Roach

    (215) 266-1537

    56 in this area

    322 Total Sales

    Patrick Conway
    Section Image
  • Connor Banning

    Buyer Co-Listing Agent in 2024

    Connor Banning

    BHHS Fox & Roach

    (267) 991-3112

    17 in this area

    53 Total Sales

    Connor Banning
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2356940

Bright MLS

APN: 391305200

Pennsylvania Philadelphia County Philadelphia 19148 Pennsport

2040 S Philip St, Philadelphia, PA

This home is located at 2040 S Philip St, Philadelphia, PA 19148 since 21 May 2024 and is currently estimated at $236,799, approximately $244 per square foot. This property was built in 1920. 2040 S Philip St is a home located in Philadelphia County with nearby schools including George W. Sharswood School, Furness Horace High School, and St. Casimir School.

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