NOT LISTED FOR SALE

2427 Nicholas St Philadelphia, PA 19121

North Philadelphia West Neighborhood

Estimated Value: $297,000 - $384,000

-- Bed
-- Bath
1,505 Sq Ft
$221/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $135,000 $90 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $2,073/month

Highlights

  • City View
  • Traditional Architecture
  • Level Lot

About This Home

As of May 2022

Fantastic opportunity to be a part of the transformation of Sharswood/Blumberg. This is an investment area identified for growth. Invest now in this multi-family 3-story attached building. The building had been configured as a residential dwelling comprised of 5 bedrooms, 1 bath and an unfinished basement. Needs major renovations, exterior inspection only, no entry allowed. Property being sold as-is, where-is. Floor sketch provided for reference and is deemed reliable but not guaranteed. Close to Temple University, surrounded by newer construction, and is close to public transportation, schools, amenities and employment opportunities. Important – please review purchase offer instructions and disclosures or contact to receive a copy.

Last Agent to Sell the Property

Edward Welch

(610) 331-7655 EWelch@welchgroup.net Higgins & Welch Real Estate, Inc. Listed on: 02/05/2022

Last Buyer's Agent

Gazi Ataseven

(267) 774-6886 gztsvn@gmail.com HomeSmart Realty Advisors License #RM426020

HomeSmart Realty Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 784 Sq Ft Lot
  • Lot Dimensions are 14.25 x 55.00
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Flat Roof Shape
  • Brick Exterior Construction
  • Plaster Walls
  • Masonry

Interior Spaces

  • City Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Additional Features

  • Urban Location
  • Municipal Trash

Community Details

  • 3-Story Building

Listing and Financial Details

  • Tax Lot 129
  • Assessor Parcel Number 291254610

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: Fantastic opportunity to be a part of the transformation of Sharswood/Blumberg. This is an investment area identified for growth. Invest now in this multi-family 3-story attached building. The building had been configured as a residential dwelling comprised of 5 bedrooms, 1 bath and an unfinished basement. Needs major renovations, exterior inspection only, no entry allowed. Property being sold as-is, where-is. Floor sketch provided for reference and is deemed reliable but not guaranteed. Close to Temple University, surrounded by newer construction, and is close to public transportation, schools, amenities and employment opportunities. Important – please review purchase offer instructions and disclosures or contact to receive a copy.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Wall Ceiling Types: Plaster Walls
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2060
  • Living Area Sq Ft: 1505
  • Price Per Sq Ft: 89.63
  • Above Grade Finished Sq Ft: 1505
  • Below Grade Sq Ft: 555
  • Total Below Grade Sq Ft: 555
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2427

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Brick
  • Road Surface Type: Paved
  • Roof: Flat
  • View: City, Street
  • 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: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: O50
  • Lot Features: Level
  • Lot Size Acres: 0.02
  • Lot Dimensions: 14.25 x 55.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 784.00
  • Property Condition: Major Rehab Needed
  • Year Assessed: 2021
  • Zoning: RM1
  • Zoning Description: Residential Multi-Family - 1

Rental Info

  • Existing Lease Type: None
  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1392711
  • Assessor Parcel Number: 291254610
  • Tax Lot: 129
  • Tax Total Finished Sq Ft: 1429
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 05/27/2022

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2023
Sold by
Saman Holding Co
Bought by
2427 Nicholas Street Llc
Current Estimated Value
$332,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Outstanding Balance
$406,025
Interest Rate
7.79%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$73,939

Purchase Details

Listed on
Feb 5, 2022
Closed on
May 24, 2022
Sold by
Philadelphia Housing Authority
Bought by
Saman Holding Co
Seller's Agent
Edward Welch
Higgins & Welch Real Estate, Inc.
Buyer's Agent
Gazi Ataseven
HomeSmart Realty Advisors
List Price
$134,900
Sold Price
$135,000
Premium/Discount to List
$100
0.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.21%
Original Mortgage
$241,035
Interest Rate
5.23%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 25, 1966
Bought by
Phila Housing Authority
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
2427 Nicholas Street Llc $357 None Listed On Document
Saman Holding Co $135,000 None Listed On Document
Phila Housing Authority -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2427 Nicholas Street Llc $412,500
Previous Owner Saman Holding Co $241,035
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2022 05/27/22 Sold $135,000 0.0% $90 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
02/08/2022 02/08/22 Off Market $135,000 -- --
02/05/2022 02/05/22 For Sale $134,900 -- $90 / 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 -- $327,000 $65,400 $261,600
2024 -- $327,000 $65,400 $261,600
2023 -- $35,700 $7,100 $28,600
2022 $0 $35,700 $0 $0
2021 $899 $31,700 $19,020 $12,680
2020 $899 $0 $0 $0
2019 $899 $0 $0 $0
2018 $899 $0 $0 $0
2017 -- $0 $0 $0
2016 -- $0 $0 $0
2015 -- $0 $0 $0
2014 -- $25,900 $3,787 $22,113
2012 -- $800 $109 $691
Source: Public Records

Agents Affiliated with this Home

  • Edward Welch

    Seller's Agent in 2022

    Edward Welch

    Higgins & Welch Real Estate, Inc.

    (610) 331-7655

    16 in this area

    152 Total Sales

    Edward Welch
    Section Image
  • Gazi Ataseven

    Buyer's Agent in 2022

    Gazi Ataseven

    HomeSmart Realty Advisors

    (267) 774-6886

    24 in this area

    302 Total Sales

    Gazi Ataseven
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2079810

Bright MLS

APN: 291254610

Pennsylvania Philadelphia County Philadelphia 19121 North Philadelphia West

2427 Nicholas St, Philadelphia, PA

This home is located at 2427 Nicholas St, Philadelphia, PA 19121 since 05 February 2022 and is currently estimated at $332,086, approximately $220 per square foot. This property was built in 1915. 2427 Nicholas St is a home located in Philadelphia County with nearby schools including William D. Kelley School, Strawberry Mansion High School, and Frederick Douglass Elementary.

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