NOT LISTED FOR SALE

Estimated Value: $476,000 - $679,000

-- Bed
2 Baths
2,907 Sq Ft
$206/Sq Ft Est. Value

Last Sold April 02, 2014

Last sale price $300,000 $103 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $3,497/month

124 Days on Market

Highlights

  • No HOA
  • 3-minute walk to Susquehanna-Dauphin
  • Central Air
  • Home Security System
  • En-Suite Primary Bedroom
  • 4-minute walk to Winchester Playground

About This Home

As of April 2014

Fantastic investment opportunity in the Temple University vicinity. This "CASH COW" is located on a very popular student rental block, and is occupied. This gorgeous building was gut rehabbed in 2006-2007, and has been meticulously maintained since than. The building has 3 very modern and spacious apartments. The first floor apartment has 3 bedrooms, 1 full ceramic tile bathroom, and is currently rented at $1,500.00 per month, and has access to a fenced-in backyard. The 2nd and 3rd floor apartments have 3 bedrooms, and 1 full bathroom each. The second floor apartment is currently vacant, but, could easily rent for $1,500.00 per month, and the 3rd floor has 2 of the 3 bedrooms rented for $850.00 per month.. Each unit has high ceilings, central air/heat, washer/dryer, wall to wall carpeting, an abundance of closet space, recessed lighting, ALL energy efficient appliances, and basement access. Separate Utilities!!! This is the best priced triplex in the area, and the sellers are motivated. Do the numbers, this one just makes Sense!!

Last Agent to Sell the Property

Michael McCann

KW Empower License #AB049770L Listed on: 10/15/2013

KW Empower

Co-Listed By

Stuart Cohen

KW Empower License #RS154730A

Last Buyer's Agent

Jordan Brody

Coldwell Banker Realty License #RS292239

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,218

Year Built

  • Built in 1915

Lot Details

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

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,907 Sq Ft Home
  • Ceiling Fan
  • Home Security System

Utilities

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

Listing and Financial Details

  • Tax Lot 170
  • Assessor Parcel Number 371285600

Community Details

Overview

  • No Home Owners Association
  • Philadelphia Subdivision

Building Details

  • Operating Expense $1,219

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,218

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

  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2907
  • Living Area Sq Ft: 2907
  • Price Per Sq Ft: 110.04
  • Above Grade Finished Sq Ft: 2907
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2345

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: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • 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: O50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16X107
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1712.00
  • Zoning: R9

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Tax Annual Amount: 1218.00
  • Assessor Parcel Number: 371285600
  • Tax Lot: 170
  • Tax Year: 2014
  • Close Date: 04/02/2014

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2013
Closed on
Mar 25, 2014
Sold by
Metropolitan Investment Group Llc
Bought by
Patel Mihika
Seller's Agent
Michael McCann
KW Empower
Buyer's Agent
Jordan Brody
Coldwell Banker Realty
List Price
$329,900
Sold Price
$300,000
Premium/Discount to List
-$29,900
-9.06%
Current Estimated Value
$599,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,965
Avg. Annual Appreciation
6.25%
Original Mortgage
$294,566
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 2007
Sold by
Lassiter Nicole M
Bought by
Metropolitan Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 13, 2004
Sold by
Gordon Dara
Bought by
Rebuildables Property Acquisition Llc

Purchase Details

Closed on
Feb 27, 2002
Sold by
Nesmith Patricia and Estate Of Lillian Green
Bought by
Lassiter Nicole M
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
Patel Mihika $300,000 Title Services
Metropolitan Investment Group Llc $70,000 None Available
Rebuildables Property Acquisition Llc $15,683 --
Lassiter Nicole M $4,853 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Mihika $296,092
Closed Patel Mihika $294,566
Previous Owner Metropolitan Investment Group Llc $232,500
Previous Owner Metropolitan Investment Group Llc $107,000
Previous Owner Metropolitan Investment Group Llc $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2014 04/02/14 Sold $300,000 -9.1% $103 / Sq Ft
02/16/2014 02/16/14 Pending -- -- --
10/15/2013 10/15/13 For Sale $329,900 -- $113 / 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 $3,038 $401,000 $80,200 $320,800
2024 $3,038 $401,000 $80,200 $320,800
2023 $3,038 $217,000 $43,400 $173,600
2022 $3,917 $217,000 $43,400 $173,600
2021 $3,917 $0 $0 $0
2020 $3,917 $0 $0 $0
2019 $4,283 $0 $0 $0
2018 $1,272 $0 $0 $0
2017 $1,272 $0 $0 $0
2016 $42 $0 $0 $0
2015 $1,218 $0 $0 $0
2014 -- $90,900 $7,704 $83,196
2012 -- $8,000 $400 $7,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003620240

Bright MLS

APN: 371285600