NOT LISTED FOR SALE

2331 N Park Ave Philadelphia, PA 19132

Hartranft Neighborhood

Estimated Value: $592,000 - $889,000

-- Bed
2 Baths
2,782 Sq Ft
$268/Sq Ft Est. Value

Last Sold December 28, 2018

Last sale price $495,000 $178 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,368/month

8 Days on Market

Highlights

  • No HOA
  • 3-minute walk to Susquehanna-Dauphin
  • Heating System Uses Gas
  • En-Suite Primary Bedroom
  • Central Air
  • 5-minute walk to Winchester Playground

About This Home

As of December 2018

This is a fully occupied triplex with one of the highest cap rates in the neighborhood, it is newly rehabbed, has hardwood floors, granite counter tops, high ceilings, recessed lighting, patio backyard, all new HVAC. This is the perfect location in Temple University, the prime location, one block off Temple campus. All leases will be provided with accepted offers. This TriPlex have tenants that sign full one year leases - all Temple Students. Located only two blocks from campus - this property will bring your Client years of income.

Last Agent to Sell the Property

Kirk Waechter

Prosperity Real Estate & Investment Services License #RM423448 Listed on: 11/09/2018

Last Buyer's Agent

Ernie Knechel

Rockland Capital LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,456

Year Built

  • Built in 1919

Lot Details

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

Parking

  • On-Street Parking

Home Design

  • 2,782 Sq Ft Home
  • Triplex
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Utilities

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

Listing and Financial Details

  • Tax Lot 178
  • Assessor Parcel Number 371284900

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Temple University Subdivision

Building Details

  • Operating Expense $1,456

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,456

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1919
  • Remarks Public: This is a fully occupied triplex with one of the highest cap rates in the neighborhood, it is newly rehabbed, has hardwood floors, granite counter tops, high ceilings, recessed lighting, patio backyard, all new HVAC. This is the perfect location in Temple University, the prime location, one block off Temple campus. All leases will be provided with accepted offers. This TriPlex have tenants that sign full one year leases - all Temple Students. Located only two blocks from campus - this property will bring your Client years of income.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2782
  • Living Area Sq Ft: 2782
  • Price Per Sq Ft: 177.93
  • Above Grade Finished Sq Ft: 2782
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2331

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • 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

  • Improvement Assessed Value: 74360.00
  • Land Assessed Value: 29640.00
  • Land Use Code: U50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16X107
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1712.00
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1127267
  • Tax Annual Amount: 1456.00
  • Assessor Parcel Number: 371284900
  • Tax Lot: 178
  • Tax Year: 2018
  • Close Date: 12/28/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2018
Closed on
Dec 20, 2018
Sold by
Feeney Daniel and Feeney Amy
Bought by
Wan Xing Llc
Seller's Agent
Kirk Waechter
Prosperity Real Estate & Investment Services
Buyer's Agent
Ernie Knechel
Rockland Capital LLC
List Price
$495,000
Sold Price
$495,000
Current Estimated Value
$744,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,607
Avg. Annual Appreciation
6.31%
Original Mortgage
$300,000
Outstanding Balance
$265,334
Interest Rate
4.8%
Mortgage Type
Commercial
Estimated Equity
$479,030

Purchase Details

Listed on
Nov 27, 2013
Closed on
Jun 12, 2014
Sold by
Triequities Llc
Bought by
Feeney Daniel and Feeney Amy
Seller's Agent
Kirk Waechter
BHHS Fox & Roach-Center City Walnut
Buyer's Agent
Kirk Waechter
BHHS Fox & Roach-Center City Walnut
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.41%
Original Mortgage
$220,000
Interest Rate
4.27%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 11, 2012
Sold by
Torn Solomon
Bought by
Triequties

Purchase Details

Closed on
May 23, 2008
Sold by
Alchemy Investment Partners Llc
Bought by
Torn Solomon

Purchase Details

Closed on
Aug 9, 2007
Sold by
Mccrary Clement and Mccrary Clemmon
Bought by
Alchemy Investment Partners Llc
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
Wan Xing Llc $495,000 Elkins Abstract Inc
Feeney Daniel $425,000 None Available
Triequties -- None Available
Torn Solomon $75,000 None Available
Alchemy Investment Partners Llc $5,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wan Xing Llc $300,000
Previous Owner Feeney Daniel $220,000
Previous Owner Torn Solomon $55,000
Previous Owner Torn Solomon $732,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2018 12/28/18 Sold $495,000 0.0% $178 / Sq Ft
11/17/2018 11/17/18 Pending -- -- --
11/09/2018 11/09/18 For Sale $495,000 +16.5% $178 / Sq Ft
06/12/2014 06/12/14 Sold $425,000 0.0% $153 / Sq Ft
04/29/2014 04/29/14 Pending -- -- --
11/27/2013 11/27/13 For Sale $425,000 -- $153 / 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 $3,719 $491,100 $98,220 $392,880
2024 $3,719 $491,100 $98,220 $392,880
2023 $3,719 $265,700 $53,140 $212,560
2022 $4,565 $265,700 $53,140 $212,560
2021 $4,565 $0 $0 $0
2020 $4,565 $0 $0 $0
2019 $4,992 $0 $0 $0
2018 $1,456 $0 $0 $0
2017 $1,456 $0 $0 $0
2016 $1,456 $0 $0 $0
2015 $1,394 $0 $0 $0
2014 -- $104,000 $6,261 $97,739
2012 -- $10,080 $468 $9,612
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Kirk Waechter

    Prosperity Real Estate & Investment Services

    (866) 327-7673

    1 in this area

    122 Total Sales

    Kirk Waechter
    Section Image
  • Ernie Knechel

    Buyer's Agent in 2018

    Ernie Knechel

    Rockland Capital LLC

    (215) 879-1888

    42 Total Sales

    Ernie Knechel
    Section Image
  • Gerardo Suarez

    Seller Co-Listing Agent in 2014

    Gerardo Suarez

    Space & Company

    (610) 453-4455

    2 Total Sales

    Gerardo Suarez
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH103646

Bright MLS

APN: 371284900

Pennsylvania Philadelphia County Philadelphia 19132 Hartranft

2331 N Park Ave, Philadelphia, PA

This home is located at 2331 N Park Ave, Philadelphia, PA 19132 since 09 November 2018 and is currently estimated at $744,607, approximately $267 per square foot. This property was built in 1919. 2331 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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