Seller's Agent in 2019
Andrew Cheng
Keller Williams Realty - Cherry Hill
(267) 506-7100
9 in this area
124 Total Sales
2208 S 16th St Philadelphia, PA 19145
South Philadelphia West NeighborhoodEstimated Value: $479,073 - $546,000
--
Bed
3
Baths
2,244
Sq Ft
$225/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- 5-minute walk to Snyder
- Radiator
- No HOA
About This Home
As of September 2019Location! Location! Location! Great opportunity to own a well maintained, turnkey Triplex in booming South Philly! First floor unit has one large bedroom, one bath, living room, in-unit washer/dryer (owned by the tenant), and kitchen with yard and basement access. 2nd floor has 1 bedroom, 1 bathroom, kitchen, living room and extra space that can either be used as office or bedroom space. 3rd floor has 2 large bedrooms, one bath, living room, and kitchen. All units have updated laminated flooring, light filled rooms, neutral kitchens, and baths in good condition. Under market rent, tenants are on month to month lease. This property offers tremendous upside with cosmetic updating. It is located on a friendly block, with parks, playgrounds, and an active community group. Just a few blocks from South Broad Street, walk to catch the Broad Street Line, walk to many restaurants, Starbucks, bakery, hospital, and easy travel to all major highways and bridges. Separate gas and electric meter for each unit, easy to show. Great investment in a prime location. Truly a gem and one of a kind opportunity. Schedule a showing today and add this to your portfolio!
Last Agent to Sell the Property
(267) 506-7100 andrewcheng@kw.com Keller Williams Realty - Cherry Hill Listed on: 07/24/2019
Co-Listed By
(347) 256-2715 lynn.chen@kw.com Keller Williams Realty - Cherry Hill
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,313
Year Built
- Built in 1920
Lot Details
- 992 Sq Ft Lot
- Lot Dimensions are 16.00 x 62.00
Parking
- On-Street Parking
Home Design
- 2,244 Sq Ft Home
- Triplex
- Traditional Architecture
- Masonry
Utilities
- Window Unit Cooling System
- Radiator
- Natural Gas Water Heater
Additional Features
- Basement
Community Details
- No Home Owners Association
- 3 Units
- Philadelphia Subdivision
Listing and Financial Details
- Tax Lot 245
- Assessor Parcel Number 261268800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2019
Closed on
Sep 25, 2019
Sold by
Yang Adam
Bought by
Ortiz Ricardo
Seller's Agent
Andrew Cheng
Keller Williams Realty - Cherry Hill
Buyer's Agent
Chris Lewis
Homestarr Realty
List Price
$435,000
Sold Price
$410,000
Premium/Discount to List
-$25,000
-5.75%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,024
Avg. Annual Appreciation
3.45%
Original Mortgage
$307,500
Outstanding Balance
$269,385
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$234,639
Purchase Details
Closed on
Apr 14, 2015
Sold by
Lisa Giacomucel Gino and Lisa Giacomucel
Bought by
Yang Adam
Purchase Details
Closed on
Jul 31, 2003
Sold by
Micco Development Corp
Bought by
Giacomucci Gino and Giacomucci Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
5.28%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 20, 2002
Sold by
Mancini Raimondo and Mancini Anna
Bought by
Micco Development Corp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
8%
Mortgage Type
Seller Take Back
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ortiz Ricardo | $410,000 | Sovereign Search & Abstract | |
| Yang Adam | $215,000 | Patriot Land Transfer Llc | |
| Giacomucci Gino | $135,000 | Lawyers Title Ins Corp | |
| Micco Development Corp | $56,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ortiz Ricardo | $307,500 | |
| Previous Owner | Giacomucci Gino | $101,250 | |
| Previous Owner | Micco Development Corp | $44,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/27/2019 09/27/19 | Sold | $410,000 | -5.7% | $183 / Sq Ft | |
| 07/24/2019 07/24/19 | For Sale | $435,000 | +99.5% | $194 / Sq Ft | |
| 12/15/2014 12/15/14 | Sold | $218,000 | -12.8% | $97 / Sq Ft | View Prior Sale |
| 11/01/2014 11/01/14 | Pending | -- | -- | -- | |
| 05/06/2014 05/06/14 | For Sale | $249,900 | -- | $111 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $5,966 | $389,800 | $77,960 | $311,840 |
| 2024 | $5,966 | $389,800 | $77,960 | $311,840 |
| 2023 | $5,966 | $426,200 | $85,240 | $340,960 |
| 2022 | $2,683 | $381,200 | $85,240 | $295,960 |
| 2021 | $3,313 | $0 | $0 | $0 |
| 2020 | $3,313 | $0 | $0 | $0 |
| 2019 | $3,080 | $0 | $0 | $0 |
| 2018 | $1,895 | $0 | $0 | $0 |
| 2017 | $1,895 | $0 | $0 | $0 |
| 2016 | $1,893 | $0 | $0 | $0 |
| 2015 | $1,814 | $0 | $0 | $0 |
| 2014 | -- | $135,400 | $16,863 | $118,537 |
| 2012 | -- | $16,224 | $1,276 | $14,948 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Cheng
-
Wei Lin (Lynn) Chen
Seller Co-Listing Agent in 2019
Wei Lin (Lynn) Chen
Keller Williams Realty - Cherry Hill
(347) 256-2715
4 in this area
122 Total Sales
-
Chris Lewis
Buyer's Agent in 2019
Chris Lewis
Homestarr Realty
(215) 621-9965
23 Total Sales
-
Anthony DeFino
A
Seller's Agent in 2014
Anthony DeFino
Spectrum Realty
(215) 389-2222
2 in this area
11 Total Sales
-
Mario Tropea Jr.
Seller Co-Listing Agent in 2014
Mario Tropea Jr.
KW Empower
(215) 783-3698
56 in this area
147 Total Sales
-
Doug Gungor
Buyer's Agent in 2014
Doug Gungor
Coldwell Banker Realty
(267) 455-2613
2 in this area
53 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH819318
APN: 261268800
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