NOT LISTED FOR SALE

2134 Ridge Ave Philadelphia, PA 19121

North Philadelphia West Neighborhood

Estimated Value: $779,000 - $1,123,219

0.24 Acre
$4,162,804 Price per Acre
10,603 Sq Ft Lot

Last Sold December 29, 2021

Last sale price $965,000

Est. 4% increase in value since last sale

Current estimated payment $6,570/month

15 Days on Market

About This Lot

As of December 2021

The site is 10,603 SF and zoned CMX 2. Current ownership has already consolidated the parcel. This new parcel configuration would allow 26 units by right with a green roof and between 32 and 39 units by using variations of the Mixed Income Housing Bonus. The buyer would be able to achieve 33 units over commercial and 19 parking spaces with moderate income housing bonus, these rental moderate income housing bonus rates are very near to market rents in the area and so they do not present much of a hinderance. The buyer could; however, seek to do any amount of units they wish either through the variance process, or a different combination of bonuses and if they decided not to do mixed income bonuses the buyer can pay into Mixed income housing fund, parking is not required but we feel is a nice amenity to have for the area. The location is prime, rumor has it that this portion of the Ridge Avenue corridor will soon have it’s zoning designation changed to CMX3 as this is along a quickly developing commercial corridor near PHA’s new headquarters and presents an opportunity for significant upside.

Last Agent to Sell the Property

Stephen Stafford

SDG Management, LLC License #RM424801 Listed on: 10/25/2021

Last Buyer's Agent

Reda Akbil

Compass RE License #RS337002

Compass RE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $512

Lot Details

  • 10,603 Sq Ft Lot
  • Lot Dimensions are 184x94
  • Property is zoned CMX2

Utilities

  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 291273610

Property Details

Property Type

Land

Est. Annual Taxes

$512

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Federal Flood Zone: No
  • Automatically Close On Close Date: Yes
  • Remarks Public: The site is 10,603 SF and zoned CMX 2. Current ownership has already consolidated the parcel. This new parcel configuration would allow 26 units by right with a green roof and between 32 and 39 units by using variations of the Mixed Income Housing Bonus. The buyer would be able to achieve 33 units over commercial and 19 parking spaces with moderate income housing bonus, these rental moderate income housing bonus rates are very near to market rents in the area and so they do not present much of a hinderance. The buyer could; however, seek to do any amount of units they wish either through the variance process, or a different combination of bonuses and if they decided not to do mixed income bonuses the buyer can pay into Mixed income housing fund, parking is not required but we feel is a nice amenity to have for the area. The location is prime, rumor has it that this portion of the Ridge Avenue corridor will soon have it’s zoning designation changed to CMX3 as this is along a quickly developing commercial corridor near PHA’s new headquarters and presents an opportunity for significant upside.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 99.03
  • Street Number Modifier: 2134

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Land Use Code: SR
  • Lot Size Acres: 0.24
  • Lot Dimensions: 184X94
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10603.00
  • Year Assessed: 2021
  • Zoning: CMX2
  • Farmland Preservation: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1056722
  • School Tax: 281.00
  • Tax Annual Amount: 512.00
  • Assessor Parcel Number: 291273610
  • Tax Lot: 25
  • Tax Year: 2021
  • Close Date: 12/29/2021

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 2134 Ridge Ave Llc $627,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2021 12/29/21 Sold $965,000 -8.1% --
11/09/2021 11/09/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $1,050,000 -- --
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 $13,508 $965,000 $965,000 --
2024 $13,508 $965,000 $965,000 --
2023 $13,508 $965,000 $965,000 $0
2022 $13,508 $965,000 $965,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephen Stafford

    Seller's Agent in 2021

    Stephen Stafford

    SDG Management, LLC

    (609) 335-4016

    2 in this area

    57 Total Sales

    Stephen Stafford
    Section Image
  • Reda Akbil

    Buyer's Agent in 2021

    Reda Akbil

    Compass RE

    (267) 205-1369

    10 in this area

    155 Total Sales

    Reda Akbil
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2039794

Bright MLS

APN: 881146950

Pennsylvania Philadelphia County Philadelphia 19121 North Philadelphia West

2134 Ridge Ave, Philadelphia, PA

This home is located at 2134 Ridge Ave, Philadelphia, PA 19121 since 25 October 2021 and is currently estimated at $999,073. 2134 Ridge Ave is a home located in Philadelphia County with nearby schools including Strawberry Mansion High School, Alliance for Progress Charter School, and Frederick Douglass Elementary.

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