NOT LISTED FOR SALE

2311 N Park Ave Philadelphia, PA 19132

Hartranft Neighborhood

Estimated Value: $493,000 - $870,000

-- Bed
2 Baths
3,456 Sq Ft
$201/Sq Ft Est. Value

Last Sold February 02, 2017

Last sale price $390,000 $113 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,031/month

188 Days on Market

Highlights

  • No HOA
  • 3-minute walk to Susquehanna-Dauphin
  • Wood Siding
  • En-Suite Primary Bedroom
  • Central Air
  • 4-minute walk to Penrose Playground

About This Home

As of February 2017

Amazing ROI opportunity! Excellent cap rates. fully renovated triplexes on Temple campus and 1/2 block from North Broad street Mega development sites!! North broad is appreciating rapidly with several mega improvements underway, Temple football field, Divine Lorraine, and dozens of private sector housing, mixed use and infrastructure improvements under way!! These large 3 and 4 bedroom units have high rents ($4500-$5000 /month) and luxury finishes, including granite kitchens with stainless steel appliances, tile and hardwood flooring, central air, and much more. Also 10 YEAR TAX ABATEMENT WAS APPROVED IN 2014- super low taxes add to the excellent investment return. Both 2261 and 2311 Park ave are fantastic buys.....do the math, these deals work and will be great mid to long term investments. The city is booming, this neighborhood is on fire, just drive around and take a look! Annual taxes are only $497!

Last Agent to Sell the Property

Michael McCann

KW Empower License #AB049770L Listed on: 06/09/2016

KW Empower

Co-Listed By

Jim Onesti

KW Empower

Last Buyer's Agent

Michael McCann

KW Empower License #AB049770L Listed on: 06/09/2016

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $955

Year Built

  • Built in 1915

Lot Details

  • 1,712 Sq Ft Lot
  • Lot Dimensions are 16x107

Parking

  • On-Street Parking

Home Design

  • 3,456 Sq Ft Home
  • Triplex
  • Wood Siding

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Utilities

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

Listing and Financial Details

  • Tax Lot 141
  • Assessor Parcel Number 371283900

Community Details

Overview

  • No Home Owners Association
  • Temple University Subdivision

Building Details

  • Operating Expense $497

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$955

Year Built

Built in 1915

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: 1915
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 3456
  • Living Area Sq Ft: 3456
  • Price Per Sq Ft: 112.85
  • Above Grade Finished Sq Ft: 3456
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2311

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • 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
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • 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

  • Land Use Code: U50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16X107
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1712.00
  • Property Attached Yn: Yes
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Tax Annual Amount: 955.00
  • Assessor Parcel Number: 371283900
  • Tax Lot: 141
  • Tax Year: 2016
  • Close Date: 02/02/2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2016
Closed on
Feb 2, 2017
Sold by
Waksard Partners Ii Lp
Bought by
King David W
Seller's Agent
Michael McCann
KW Empower
Buyer's Agent
Michael McCann
KW Empower
List Price
$450,000
Sold Price
$390,000
Premium/Discount to List
-$60,000
-13.33%
Current Estimated Value
$693,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,410
Avg. Annual Appreciation
6.57%
Original Mortgage
$382,936
Outstanding Balance
$322,516
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$350,909

Purchase Details

Closed on
Apr 4, 2013
Sold by
2353 N Park Ave Llc
Bought by
Waksard Partners Iii Lp

Purchase Details

Closed on
Sep 24, 2012
Sold by
Boykin Herbert M
Bought by
City Of Philadelphia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.66%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
King David W $390,000 None Available
Waksard Partners Iii Lp $224,000 None Available
City Of Philadelphia $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King David W $382,936
Previous Owner 2353 N Park Ave Llc $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2017 02/02/17 Sold $390,000 -13.3% $113 / Sq Ft
12/14/2016 12/14/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $450,000 -- $130 / 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 $3,033 $400,200 $80,040 $320,160
2024 $3,033 $400,200 $80,040 $320,160
2023 $1,043 $216,700 $43,340 $173,360
2022 $1,803 $74,545 $43,340 $31,205
2021 $1,803 $0 $0 $0
2020 $1,803 $0 $0 $0
2019 $1,972 $0 $0 $0
2018 $955 $0 $0 $0
2017 $955 $0 $0 $0
2016 $497 $0 $0 $0
2015 $476 $0 $0 $0
2014 -- $166,200 $7,704 $158,496
2012 -- $8,000 $400 $7,600
Source: Public Records

Agents Affiliated with this Home

  • Michael McCann

    Seller's Agent in 2017

    Michael McCann

    KW Empower

    (215) 778-0901

    4 in this area

    1,758 Total Sales

    Michael McCann
    Section Image
  • Jim Onesti

    Seller Co-Listing Agent in 2017

    Jim Onesti

    KW Empower

    (215) 709-4242

    1 in this area

    520 Total Sales

    Jim Onesti
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000032632

Bright MLS

APN: 371283900

Pennsylvania Philadelphia County Philadelphia 19132 Hartranft

2311 N Park Ave, Philadelphia, PA

This home is located at 2311 N Park Ave, Philadelphia, PA 19132 since 09 June 2016 and is currently estimated at $693,410, approximately $200 per square foot. This property was built in 1915. 2311 N Park Ave is a home located in Philadelphia County with nearby schools including John F. Hartranft School, Kensington High School, and Kensington Health Sciences Academy.

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