NOT LISTED FOR SALE

2308 W Montgomery Ave Philadelphia, PA 19121

North Philadelphia West Neighborhood

Estimated Value: $236,303 - $335,000

-- Bed
-- Bath
1,844 Sq Ft
$160/Sq Ft Est. Value

Last Sold April 23, 2014

Last sale price $108,333 $59 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $1,953/month

Highlights

  • No HOA
  • Heating System Uses Gas
  • 4-minute walk to Martin Luther King Recreation
  • En-Suite Primary Bedroom

About This Home

As of April 2014

THE NUMBERS WORK ON THIS ONE ! It is a no brainer for the experienced investor. Long term tenants are paying below market rents. Think Section 8 for maximum rent ! Unit #1 has electric cooking and gas fired/forced air heat. Unit #2 has electric cooking and gas fired/radiator heat. Both apartments have separate gas and electric meters and gas fired water heaters. PACKAGE DEAL IS AVAILABLE ! : Sellers also has available for sale 170 East Walnut Lane (triplex), 174 East Walnut Lane (triplex), 1014 West Dauphin Street (6 units), 4242 Viola Street (duplex) and 4910 Knox Street (huge 6 bedroom single family home). Strong consideration will be given to a packaged deal purchase.

Last Agent to Sell the Property

Louis Lanni

(267) 815-1188 louis.lanni.realestate@gmail.com HomeSmart Realty Advisors Listed on: 10/26/2013

HomeSmart Realty Advisors

Last Buyer's Agent

Louis Lanni

(267) 815-1188 louis.lanni.realestate@gmail.com HomeSmart Realty Advisors Listed on: 10/26/2013

HomeSmart Realty Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,055

Lot Details

  • 1,745 Sq Ft Lot
  • Lot Dimensions are 15x116

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,844 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 224
  • Assessor Parcel Number 472075900

Community Details

Overview

  • No Home Owners Association

Building Details

  • Insurance Expense $1,000
  • Operating Expense $2,369

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,055

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1844
  • Living Area Sq Ft: 1844
  • Price Per Sq Ft: 67.73
  • Above Grade Finished Sq Ft: 1844
  • 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: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 800.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 68924.00
  • Land Assessed Value: 9776.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 15X116
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1745.00
  • Zoning: R10

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 14400.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1221542
  • Tax Annual Amount: 1055.00
  • Assessor Parcel Number: 472075900
  • Tax Lot: 224
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2013
Closed on
Apr 4, 2014
Sold by
Brown Management Inc
Bought by
Rush Realty Co Inc
Seller's Agent
Louis Lanni
HomeSmart Realty Advisors
Buyer's Agent
Louis Lanni
HomeSmart Realty Advisors
List Price
$124,900
Sold Price
$108,333
Premium/Discount to List
-$16,567
-13.26%
Current Estimated Value
$294,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,101
Avg. Annual Appreciation
9.07%

Purchase Details

Closed on
Feb 27, 1998
Sold by
Ward Herbert and Ward Ervin
Bought by
Brown Management Inc
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
Rush Realty Co Inc $108,333 None Available
Brown Management Inc $10,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2014 04/23/14 Sold $108,333 -13.3% $59 / Sq Ft
12/26/2013 12/26/13 Pending -- -- --
10/26/2013 10/26/13 For Sale $124,900 -- $68 / 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
2026 $4,849 $279,500 $55,900 $223,600
2025 $4,849 $279,500 $55,900 $223,600
2024 $4,849 $279,500 $55,900 $223,600
2023 $4,849 $346,400 $69,280 $277,120
2022 $2,304 $346,400 $69,280 $277,120
2021 $2,304 $0 $0 $0
2020 $2,304 $0 $0 $0
2019 $2,227 $0 $0 $0
2018 $1,102 $0 $0 $0
2017 $1,102 $0 $0 $0
2016 $1,102 $0 $0 $0
2015 $1,055 $0 $0 $0
2014 -- $78,700 $9,776 $68,924
2012 -- $5,824 $1,445 $4,379
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Louis Lanni

    HomeSmart Realty Advisors

    (267) 815-1188

    1 in this area

    9 Total Sales

    Louis Lanni
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Map

Source: Bright MLS

MLS Number: 1003632392

Bright MLS

APN: 472075900

Pennsylvania Philadelphia County Philadelphia 19121 North Philadelphia West

2308 W Montgomery Ave, Philadelphia, PA

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