$230,000
SOLD APR 25, 2024
-- Bed
-- Bath
2,160 Sq Ft
1,440 Sq Ft Lot

Recently Sold

$106 Per Sq Ft

8% Below List Price

6 Days on Market

About This Home

As of April 2024

We're thrilled to present every investor's ideal opportunity! This property is currently in a shell state but holds the potential to transform into a 3-4 unit cash-generating building nestled near some of Philadelphia's finest universities. Just a few blocks away from dining spots, grocery stores, and abundant entertainment choices, the future residents of 225 S 51st St will enjoy fulfilling lifestyles.

Last Agent to Sell the Property

Capri Dessecker

RE/MAX One Realty - TCDT License #RS284356 Listed on: 02/26/2024

Co-Listed By

Sam Carchidi

RE/MAX One Realty - TCDT

Last Buyer's Agent

Isiah Laws

HomeSmart Realty Advisors License #RS326703

HomeSmart Realty Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,423

Year Built

  • Built in 1925

Lot Details

  • 1,440 Sq Ft Lot
  • Lot Dimensions are 16.00 x 90.00

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Fixer Upper
  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2,160 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 602160500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,423

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Remarks Public: We're thrilled to present every investor's ideal opportunity! This property is currently in a shell state but holds the potential to transform into a 3-4 unit cash-generating building nestled near some of Philadelphia's finest universities. Just a few blocks away from dining spots, grocery stores, and abundant entertainment choices, the future residents of 225 S 51st St will enjoy fulfilling lifestyles.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2160
  • Living Area Sq Ft: 2160
  • Price Per Sq Ft: 115.74
  • Above Grade Finished Sq Ft: 2160
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 225

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Oil
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: 3rd Party

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 90.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1440.00
  • Property Condition: Major Rehab Needed
  • Year Assessed: 2023
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2427.00
  • Tax Annual Amount: 4423.00
  • Assessor Parcel Number: 602160500
  • Tax Lot: 40
  • Tax Total Finished Sq Ft: 2160
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 04/25/2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2025
Sold by
Castle Views Llc
Bought by
Lionhead Property Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Outstanding Balance
$581,250
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
-$280,750

Purchase Details

Listed on
Feb 26, 2024
Closed on
Apr 19, 2024
Sold by
Nguyen Joseph An and Nguyen Duc Hoang
Bought by
Castle Views Llc
Seller's Agent
Capri Dessecker
RE/MAX One Realty - TCDT
Buyer's Agent
Isiah Laws
HomeSmart Realty Advisors
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Views
20

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.19%
Original Mortgage
$443,275
Interest Rate
6.99%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 27, 2007
Sold by
Abc-123 Investing Inc
Bought by
Nguyen Joseph An and Nguyen Duc Hoang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
6.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2004
Sold by
Clark George W and Bank One Na
Bought by
Abc 123 Investing Inc

Purchase Details

Closed on
Jul 25, 1995
Sold by
Reliford Floretta E and Reliford Mcmillon Floretta E
Bought by
Clark George W
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed $230,000 None Listed On Document
Deed $195,000 None Available
Sheriffs Deed $70,000 --
Deed $45,000 T A Title Insurance Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $581,250 New Conventional
Previous Owner $443,275 Construction
Previous Owner $146,250 Commercial
Previous Owner $300,000 Commercial
Previous Owner $225,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $789,842 +243.4% $271 / Sq Ft
04/25/2024 04/25/24 Sold $230,000 -8.0% $106 / Sq Ft
03/03/2024 03/03/24 Pending -- -- --
02/26/2024 02/26/24 For Sale $250,000 -- $116 / 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 $4,423 $347,400 $69,400 $278,000
2024 $4,423 $347,400 $69,400 $278,000
2023 $4,423 $316,000 $63,200 $252,800
2022 $2,984 $316,000 $63,200 $252,800
2021 $2,984 $0 $0 $0
2020 $2,984 $0 $0 $0
2019 $2,872 $0 $0 $0
2018 $2,692 $0 $0 $0
2017 $2,692 $0 $0 $0
2016 $2,692 $0 $0 $0
2015 $2,577 $0 $0 $0
2014 -- $192,300 $14,130 $178,170
2012 -- $8,224 $1,926 $6,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2317556

Bright MLS

APN: 602160500