NOT LISTED FOR SALE

2327 N Park Ave Philadelphia, PA 19132

Hartranft Neighborhood

Estimated Value: $562,000 - $570,000

-- Bed
3 Baths
3,720 Sq Ft
$152/Sq Ft Est. Value

Last Sold August 18, 2023

Last sale price $430,000 $116 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,625/month

44 Days on Market

Highlights

  • Wood Flooring
  • 3-minute walk to Susquehanna-Dauphin
  • Forced Air Heating and Cooling System
  • Stainless Steel Appliances
  • Home Security System
  • 5-minute walk to Winchester Playground

About This Home

As of August 2023

Great student housing investment opportunity. This near new construction ( 11 year old ) 3 unit building has been legally zoned for 11 UNIT ROOMING HOUSE! The property's 11 rooms are broken down as follows.
Unit A- 2 bedroom 2 bath, Unit B- 4 bedroom 4 full bath, Unit C- 5 bedrooms 5 baths. That is a total of 11 bedrooms and 11 full baths. Every bedroom has a private bath. Each of the 3 units has a custom gourmet kitchen with stainless steel microwave, refrigerator, stove and dishwasher. Each of the 3 units has stackable washer and dryer in unit. Each of the units has real Hardwood floors in the kitchen and common living area. All the 11 bathrooms are in ceramic tile. Each unit has central air. Unit B has private rear fenced yard. 11.5% CAP RATE !! - unit c total rent = $2500 unit b rent= $2000 Unit a rent = $975 This is a rare find. A new construction 11 bed 11 bath legal rooming house.

Last Agent to Sell the Property

Edward McDonald

Re/Max One Realty License #RS195849L Listed on: 05/18/2023

Re/Max One Realty

Last Buyer's Agent

Sin Su

Realty Mark Cityscape-King of Prussia License #10401331680

Realty Mark Cityscape-King of Prussia

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,490

Year Built

  • Built in 2011

Lot Details

  • 1,712 Sq Ft Lot
  • Lot Dimensions are 16.00 x 107.00
  • Sprinkler System
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Masonry

Interior Spaces

  • 3,720 Sq Ft Home
  • Ceiling Fan
  • Home Security System
  • Stacked Electric Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for management, repairs, water
  • Tax Lot 157
  • Assessor Parcel Number 371284701

Community Details

Overview

  • 3 Units
  • 5-Story Building
  • Temple University Subdivision

Building Details

  • Insurance Expense $2,700
  • Manager Expense $45,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,490

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: washer dryer and refrigerators(3 each)
  • New Construction: No
  • Year Built: 2011
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Stacked
  • Flooring Type: Wood, Fully Carpeted
  • Interior Amenities: Ceiling Fan(s), Sprinkler System
  • Fireplace: No
  • Foundation Details: Slab
  • Basement: No
  • Total Sq Ft: 3720
  • Living Area Sq Ft: 3720
  • Price Per Sq Ft: 126.32
  • Above Grade Finished Sq Ft: 3720
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2327

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Spa: No
  • 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

  • Refuse: 500.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Professional Management Expense: 45000.00

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16.00 x 107.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1712.00
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: RM1

Rental Info

  • Owner Pays: Management, Repairs, Water
  • Total Actual Rent: 65700.00
  • Units Leased Count: 11
  • Vacation Rental: No

Tax Info

  • School Tax: 3561.00
  • Tax Annual Amount: 6490.00
  • Assessor Parcel Number: 371284701
  • Tax Lot: 157
  • Tax Total Finished Sq Ft: 3720
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/18/2023

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 6,Unit 7,Unit 7,Unit 9

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Jul 24, 2023
Sold by
Mark J Gagner Trust
Bought by
Su Investments Llc
Seller's Agent
Edward McDonald
Re/Max One Realty
Buyer's Agent
Sin Su
Realty Mark Cityscape-King of Prussia
List Price
$469,900
Sold Price
$430,000
Premium/Discount to List
-$39,900
-8.49%
Views
6
Current Estimated Value
$566,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,000
Avg. Annual Appreciation
14.45%
Original Mortgage
$322,500
Outstanding Balance
$315,660
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$248,340

Purchase Details

Closed on
Mar 25, 2014
Sold by
Gagner Mark
Bought by
Gagner Mark and The Mark J Gagner Trust

Purchase Details

Closed on
Dec 4, 2013
Sold by
1700 N 17Th St Llc
Bought by
Gagner Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2011
Bought by
1700 N 17 St Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2011
Sold by
Redevelopment Authority Of The City Of P
Bought by
United Home Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.04%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Su Investments Llc $430,000 None Listed On Document
Gagner Mark -- None Available
Gagner Mark $550,000 I Abstract & Title Ag Llc
1700 N 17 St Llc $3,400 --
United Home Builders Llc $42,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Su Investments Llc $322,500
Previous Owner Gagner Mark $385,000
Previous Owner 1700 N 17 St Llc $4,824,000
Previous Owner 1700 N 17 St Llc $1,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2023 08/18/23 Sold $430,000 -8.5% $116 / Sq Ft
07/01/2023 07/01/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $469,900 -- $126 / 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 $6,491 $657,900 $131,580 $526,320
2024 $6,491 $657,900 $131,580 $526,320
2023 $6,491 $463,700 $92,740 $370,960
2022 $6,128 $463,700 $92,740 $370,960
2021 $1,746 $0 $0 $0
2020 $1,746 $0 $0 $0
2019 $1,911 $0 $0 $0
2018 $422 $0 $0 $0
2017 $422 $0 $0 $0
2016 $88 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $105,700 $6,261 $99,439
2012 -- $30,240 $1,404 $28,836
Source: Public Records

Agents Affiliated with this Home

  • Edward McDonald

    Seller's Agent in 2023

    Edward McDonald

    RE/MAX

    (215) 498-5660

    1 in this area

    75 Total Sales

    Edward McDonald
    Section Image

  • S

    Buyer's Agent in 2023

    Sin Su

    Realty Mark Cityscape-King of Prussia

    (267) 303-2233

    2 in this area

    19 Total Sales

    Sin Su
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH2236790

Bright MLS

APN: 371284701

Pennsylvania Philadelphia County Philadelphia 19132 Hartranft

2327 N Park Ave, Philadelphia, PA

This home is located at 2327 N Park Ave, Philadelphia, PA 19132 since 18 May 2023 and is currently estimated at $566,000, approximately $152 per square foot. This property was built in 2011. 2327 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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