NOT LISTED FOR SALE

2226 Frankford Ave Philadelphia, PA 19125

East Kensington Neighborhood

Estimated Value: $1,327,549

-- Bed
-- Bath
3,696 Sq Ft
$359/Sq Ft Est. Value

Last Sold December 23, 2014

Last sale price $600,000 $162 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $7,848/month

105 Days on Market

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Hot Water Heating System
  • No HOA
  • Central Air
  • 2-minute walk to Konrad Square

About This Home

As of December 2014

Available for Sale: Prime real estate for investors - multi-unit building on Frankford Avenue in Fishtown which was completely gutted and rehabbed earlier this year. 9.2% CAP Rate. The building has 3 residential units which are all tenant occupied. First floor is bi-level commercial space. All units were renovated with great attention to detail, leaving certain spots of exposed brick walls, high/vaulted ceilings, great layouts. Brand new hardwood floors in all units - EVERYTHING NEW, high-efficiency appliances & utility systems. New roof installed 2013. HVAC Central air conditioning, gas forced hot air installed 2013. Unit 1 Commercial Space: Bi-Level commercial space with kitchenette and ADA half bathroom. Rented for 3yr lease with rent escalation clause. All residential leases which are currently in place have an autorenewal clause with 5% rental increase for 12 more months unless tenants give 90 days notice of non-renewal.

Last Agent to Sell the Property

Ariel Morgenstein

JG Real Estate LLC License #RM421955 Listed on: 07/14/2014

JG Real Estate LLC

Co-Listed By

Gwen Perseghin

JG Real Estate LLC License #AB067941

Last Buyer's Agent

Philippe Daouphars

KW Empower

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,474

Year Built

  • Built in 2013

Lot Details

  • 1,800 Sq Ft Lot
  • Lot Dimensions are 18x100
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,696 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Flooring

  • Wood
  • Tile or Brick

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment

Utilities

  • Central Air
  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $1,474

Listing and Financial Details

  • Tax Lot 91
  • Assessor Parcel Number 311150800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,474

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Store/Office
  • Fireplace: No
  • Entry Location: Common
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Washer In Unit, Dryer In Unit, Has Laundry
  • Total Sq Ft: 3696
  • Living Area Sq Ft: 3696
  • Price Per Sq Ft: 167.72
  • Above Grade Finished Sq Ft: 3696
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: 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: Yes
  • Cooling Type: Central A/C, Energy Star Cooling System
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • 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: 89606.00
  • Land Assessed Value: 20394.00
  • Land Use Code: U50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 18X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1800.00
  • Property Condition: Good
  • Zoning: CMX2

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 1066260
  • Tax Annual Amount: 1474.00
  • Assessor Parcel Number: 311150800
  • Tax Lot: 91
  • Tax Year: 2014
  • Close Date: 12/23/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2014
Closed on
Dec 19, 2014
Sold by
Truelove Sarah and Truelove Dmini C
Bought by
Cedar Apartments Llc
Seller's Agent
Ariel Morgenstein
JG Real Estate LLC
Buyer's Agent
Philippe Daouphars
KW Empower
List Price
$670,000
Sold Price
$600,000
Premium/Discount to List
-$70,000
-10.45%
Current Estimated Value
$1,327,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$727,549
Avg. Annual Appreciation
5.88%
Original Mortgage
$450,000
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 28, 2012
Sold by
Zuares Quintino T
Bought by
Truelove Sarah
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
Cedar Apartments Llc $600,000 None Available
Truelove Sarah $175,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cedar Apartments Llc $650,000
Closed Cedar Apartments Llc $450,000
Previous Owner Truelove Sarah $40,000
Previous Owner Truelove Sarah $46,858
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2014 12/23/14 Sold $600,000 -10.4% $162 / Sq Ft
10/27/2014 10/27/14 Pending -- -- --
07/14/2014 07/14/14 For Sale $670,000 -- $181 / 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 $7,367 $352,200 $70,440 $281,760
2024 $7,367 $352,200 $70,440 $281,760
2023 $7,367 $526,300 $105,200 $421,100
2022 $7,017 $526,300 $105,200 $421,100
2021 $7,017 $0 $0 $0
2020 $7,017 $0 $0 $0
2019 $6,949 $0 $0 $0
2018 $7,296 $0 $0 $0
2017 $1,540 $0 $0 $0
2016 $1,540 $0 $0 $0
2015 $1,273 $0 $0 $0
2014 -- $110,000 $20,394 $89,606
2012 -- $2,560 $1,981 $579
Source: Public Records

Agents Affiliated with this Home

  • Ariel Morgenstein

    Seller's Agent in 2014

    Ariel Morgenstein

    JG Real Estate

    (215) 740-6226

    10 in this area

    192 Total Sales

    Ariel Morgenstein
    Section Image

  • G

    Seller Co-Listing Agent in 2014

    Gwen Perseghin

    JG Real Estate

    (215) 827-9936

    2 Total Sales

    Gwen Perseghin
    Section Image
  • Philippe Daouphars

    Buyer's Agent in 2014

    Philippe Daouphars

    KW Empower

    (267) 278-3631

    33 Total Sales

    Philippe Daouphars
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003006920

Bright MLS

APN: 871601025

Pennsylvania Philadelphia County Philadelphia 19125 East Kensington

2226 Frankford Ave, Philadelphia, PA

This home is located at 2226 Frankford Ave, Philadelphia, PA 19125 since 14 July 2014 and is currently estimated at $1,327,549, approximately $359 per square foot. This property was built in 2013. 2226 Frankford Ave is a home located in Philadelphia County with nearby schools including Horatio B. Hackett School, Penn Treaty School, and Sankofa Freedom Academy Charter School.

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