NOT LISTED FOR SALE

226 S 46th St Philadelphia, PA 19139

Walnut Hill Neighborhood

Estimated Value: $784,000 - $964,877

-- Bed
-- Bath
2,690 Sq Ft
$325/Sq Ft Est. Value

Last Sold November 18, 2015

Last sale price $460,000 $171 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $5,004/month

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • East Facing Home
  • No HOA
  • Laundry Facilities
  • 3-minute walk to Spruce Hill Bird Sanctuary

About This Home

As of November 2015

Great real estate investment opportunity. 3 unit apartment building. 1st floor unit: 2 bedroom / 1 bath. Large open layout. 2nd Floor 2 or 3 bedroom / 1 bath. 3rd Floor: 2 or 3 bedroom / 1 bath. Basement with dryer and washing machine. Hardwood floors throughout the building. All the rooms have air conditioning units for the windows. Location is great with the neighborhood gentrifying more every year. Never had any trouble renting the apartments with University of Penn and Drexel University nearby. It is almost recession proof because of the constant flow of renters. Owners of the property have moved out of the area and not able to properly maintain the property. Great investment property for someone that is able to sit on the property for a few years and put a little work into the property.

Last Agent to Sell the Property

Christopher Carr

(855) 885-4663 support@simplechoicerealty.com HomeZu Listed on: 10/08/2015

Last Buyer's Agent

Jenny Pu

(267) 253-5388 mingjenpu@gmail.com Target Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,718

Year Built

  • Built in 1925

Lot Details

  • 2,094 Sq Ft Lot
  • Lot Dimensions are 22x95
  • East Facing Home
  • Property is in good condition

Parking

  • 1 Open Parking Space

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,690 Sq Ft Home
  • Window Treatments

Flooring

  • Wood
  • Tile or Brick

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 123
  • Assessor Parcel Number 461174700

Community Details

Overview

  • No Home Owners Association
  • Spruce Hill Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $4,718

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,718

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
  • Storage: Basement
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Window Treatments
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished, Outside Entrance
  • Laundry Type: Common
  • Total Sq Ft: 2690
  • Living Area Sq Ft: 2690
  • Price Per Sq Ft: 185.50
  • Above Grade Finished Sq Ft: 2690
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 286459.00
  • Land Assessed Value: 65641.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 22X95
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2094.00
  • Property Condition: Good
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 30060.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1215690
  • Tax Annual Amount: 4718.00
  • Assessor Parcel Number: 461174700
  • Tax Lot: 123
  • Tax Year: 2015

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2015
Closed on
Nov 17, 2015
Sold by
Emmett Robert Gerard and Baum Matthew
Bought by
Lc & Son Llc
Seller's Agent
Christopher Carr
HomeZu
Buyer's Agent
Jenny Pu
Target Realty
List Price
$499,000
Sold Price
$460,000
Premium/Discount to List
-$39,000
-7.82%
Current Estimated Value
$874,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,292
Avg. Annual Appreciation
6.67%

Purchase Details

Closed on
Nov 29, 2007
Sold by
Kranzdorf Ilona Ing
Bought by
Emmett Robert Gerard and Baum Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,745
Interest Rate
6.17%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 29, 1999
Sold by
Office Of The District Attorney
Bought by
Adeoye Festus F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,750
Interest Rate
7.88%
Mortgage Type
Commercial
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
Lc & Son Llc $460,000 None Available
Emmett Robert Gerard $399,000 None Available
Adeoye Festus F $33,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Emmett Robert Gerard $388,745
Previous Owner Adeoye Festus F $113,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2015 11/18/15 Sold $460,000 -7.8% $171 / Sq Ft
10/14/2015 10/14/15 Pending -- -- --
10/08/2015 10/08/15 For Sale $499,000 -- $186 / 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 $5,132 $603,800 $120,760 $483,040
2024 $5,132 $603,800 $120,760 $483,040
2023 $5,132 $366,600 $73,320 $293,280
2022 $6,254 $366,600 $73,320 $293,280
2021 $6,254 $0 $0 $0
2020 $6,254 $0 $0 $0
2019 $6,021 $0 $0 $0
2018 $4,958 $0 $0 $0
2017 $4,958 $0 $0 $0
2016 $4,958 $0 $0 $0
2015 $4,718 $0 $0 $0
2014 -- $352,100 $65,641 $286,459
2012 -- $19,712 $3,831 $15,881
Source: Public Records

Agents Affiliated with this Home

  • Christopher Carr

    Seller's Agent in 2015

    Christopher Carr

    HomeZu

    (855) 885-4663

    2,282 Total Sales

    Christopher Carr
    Section Image

  • J

    Buyer's Agent in 2015

    Jenny Pu

    Target Realty

    (267) 253-5388

    2 Total Sales

    Jenny Pu
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002714298

Bright MLS

APN: 461174700

Pennsylvania Philadelphia County Philadelphia 19139 Walnut Hill

226 S 46th St, Philadelphia, PA

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