NOT LISTED FOR SALE

213 E Wellens Ave Philadelphia, PA 19120

Olney Neighborhood

Estimated Value: $245,000 - $246,000

-- Bed
-- Bath
1,200 Sq Ft
$205/Sq Ft Est. Value

Last Sold May 12, 2015

Last sale price $50,000 $42 Per Sq Ft

Est. 391% increase in value since last sale

Current estimated payment $1,564/month

10 Days on Market

Highlights

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

About This Home

As of May 2015

Spacious 2+1 Duplex, located in the Olney section of the City of Philadelphia. Perfect for an investor looking for positive cash flow or an owner occupant who can offset their expenses by living in one of the two units and renting out the other. In need of some TLC, but why not add your finishing touches and transform this diamond in the rough, imagine the possibilities? Corporate owned, being sold in its current "As Is" condition. Seller will make no repairs and buyer is responsible for any and all certifications and or lender required repairs. Settlement date may be contingent on the recording of the Sheriff's deed. Cash offers require 10% earnest deposit. Buyer is responsible for 100% transfer taxes. Please note: Prior to seller receipt and approval of the full title package from foreclosure, title to the property will be conveyed by a quit claim deed. Property was built prior to 1978 and lead based paint may potentially exist.

Last Agent to Sell the Property

Mark Lawson

Diversified Realty Solutions License #RB068395 Listed on: 11/07/2014

Last Buyer's Agent

Sonja Wayns

Diversified Realty Solutions License #AB069151

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 2,250 Sq Ft Lot
  • Lot Dimensions are 20x112
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,200 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • Tax Lot 45
  • Assessor Parcel Number 421191900

Community Details

Overview

  • No Home Owners Association
  • Olney Subdivision

Building Details

  • Operating Expense $1,284

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1939
  • Remarks Public: Spacious 2+1 Duplex, located in the Olney section of the City of Philadelphia. Perfect for an investor looking for positive cash flow or an owner occupant who can offset their expenses by living in one of the two units and renting out the other. In need of some TLC, but why not add your finishing touches and transform this diamond in the rough, imagine the possibilities? Corporate owned, being sold in its current "As Is" condition. Seller will make no repairs and buyer is responsible for any and all certifications and or lender required repairs. Settlement date may be contingent on the recording of the Sheriff's deed. Cash offers require 10% earnest deposit. Buyer is responsible for 100% transfer taxes. Please note: Prior to seller receipt and approval of the full title package from foreclosure, title to the property will be conveyed by a quit claim deed. Property was built prior to 1978 and lead based paint may potentially exist.
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 1200
  • Living Area Sq Ft: 1200
  • Price Per Sq Ft: 41.58
  • Above Grade Finished Sq Ft: 1200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 213

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Construction Completed: No
  • 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, 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: 81390.00
  • Land Assessed Value: 14410.00
  • Land Use Code: N30
  • Lot Size Acres: 0.05
  • Lot Dimensions: 20X112
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2250.00
  • Property Condition: Below Average
  • Zoning: RSA3

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1181543
  • Tax Annual Amount: 1284.00
  • Assessor Parcel Number: 421191900
  • Tax Lot: 45
  • Tax Year: 2015
  • Close Date: 05/12/2015

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2014
Closed on
May 8, 2015
Sold by
The Secretary Of Veterans Affairs
Bought by
Dao Danny Quaoc
Seller's Agent
Mark Lawson
Diversified Realty Solutions
Buyer's Agent
Sonja Wayns
Diversified Realty Solutions
List Price
$49,900
Sold Price
$50,000
Premium/Discount to List
$100
0.2%
Current Estimated Value
$245,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,500
Avg. Annual Appreciation
15.31%

Purchase Details

Listed on
Nov 7, 2014
Closed on
Apr 23, 2015
Sold by
Mack Phiklip E
Bought by
Secretary Of Veteran Affairs
Seller's Agent
Mark Lawson
Diversified Realty Solutions
Buyer's Agent
Sonja Wayns
Diversified Realty Solutions
List Price
$49,900
Sold Price
$50,000
Premium/Discount to List
$100
0.2%

Purchase Details

Closed on
Jan 8, 2009
Sold by
Cardona Arcides
Bought by
Mack Philip E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,451
Interest Rate
5.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2003
Sold by
Varquez Ernest and Varquez Jeanette L
Bought by
Cardona Arcides
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
Dao Danny Quaoc $50,000 North Penn Abstract Co
Secretary Of Veteran Affairs $12,300 None Available
Mack Philip E $114,000 First American Title Ins Co
Cardona Arcides $27,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mack Philip E $116,451
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2015 05/12/15 Sold $50,000 +0.2% $42 / Sq Ft
11/17/2014 11/17/14 Pending -- -- --
11/07/2014 11/07/14 For Sale $49,900 -- $42 / 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 $2,748 $231,900 $46,380 $185,520
2024 $2,748 $231,900 $46,380 $185,520
2023 $2,748 $196,300 $39,260 $157,040
2022 $1,576 $196,300 $39,260 $157,040
2021 $1,576 $0 $0 $0
2020 $1,576 $0 $0 $0
2019 $1,194 $0 $0 $0
2018 $1,341 $0 $0 $0
2017 $1,341 $0 $0 $0
2016 $1,341 $0 $0 $0
2015 $1,284 $0 $0 $0
2014 -- $95,800 $14,410 $81,390
2012 -- $14,400 $2,345 $12,055
Source: Public Records

Agents Affiliated with this Home

  • Mark Lawson

    Seller's Agent in 2015

    Mark Lawson

    Diversified Realty Solutions

    (215) 248-4444

    3 in this area

    97 Total Sales

    Mark Lawson
    Section Image
  • Sonja Wayns

    Buyer's Agent in 2015

    Sonja Wayns

    Diversified Realty Solutions

    (267) 625-3479

    8 in this area

    136 Total Sales

    Sonja Wayns
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003146184

Bright MLS

APN: 421191900

Pennsylvania Philadelphia County Philadelphia 19120 Olney

213 E Wellens Ave, Philadelphia, PA

This home is located at 213 E Wellens Ave, Philadelphia, PA 19120 since 07 November 2014 and is currently estimated at $245,500, approximately $204 per square foot. This property was built in 1939. 213 E Wellens Ave is a home located in Philadelphia County with nearby schools including Olney Elementary School, Olney Charter High School, and Olney Christian School.

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