NOT LISTED FOR SALE

2511 Frankford Ave Philadelphia, PA 19125

East Kensington Neighborhood

Estimated Value: $553,000 - $644,000

-- Bed
-- Bath
1,929 Sq Ft
$307/Sq Ft Est. Value

Last Sold May 07, 2019

Last sale price $492,400 $255 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,779/month

14 Days on Market

Highlights

  • Colonial Architecture
  • Hot Water Heating System
  • 2-minute walk to Letterly Green
  • No HOA

About This Home

As of May 2019

Very nice multi-unit building triplex in booming area of Fishtown - right on the Frankford Ave corridor. First floor unit currently operates as a profitable air bnb. Second and third floors have long term renters. Unit 2 pays $975 and unit 3 pays $875. Both under market- with no rent increases in the past few years . 3 electric meters. Rehabbed in the last 5 years. Must see. Priced to sell

Last Agent to Sell the Property

Debbie Cueto

Coldwell Banker Hearthside License #RS221764L Listed on: 02/26/2019

Coldwell Banker Hearthside

Last Buyer's Agent

Lucas Pfaff

Keller Williams Main Line License #RS315622

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,347

Year Built

  • Built in 1912 | Remodeled in 2015

Lot Details

  • 1,240 Sq Ft Lot
  • Lot Dimensions are 18.00 x 68.91

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Masonry

Interior Spaces

  • 1,929 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Oil
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 188
  • Assessor Parcel Number 311169000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,347

Year Built

Built in 1912 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1912
  • Year Renovated: 2015
  • Remarks Public: Very nice multi-unit building triplex in booming area of Fishtown - right on the Frankford Ave corridor. First floor unit currently operates as a profitable air bnb. Second and third floors have long term renters. Unit 2 pays $975 and unit 3 pays $875. Both under market- with no rent increases in the past few years . 3 electric meters. Rehabbed in the last 5 years. Must see. Priced to sell
  • Special Features: None

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1929
  • Living Area Sq Ft: 1929
  • Price Per Sq Ft: 272.16
  • Above Grade Finished Sq Ft: 1929
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2511

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • 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
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Oil, Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA: 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

  • Improvement Assessed Value: 176694.00
  • Land Assessed Value: 62406.00
  • Land Use Code: U50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 18.00 x 68.91
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1240.00
  • Year Assessed: 2019
  • Zoning: CMX2

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Rent Control: No
  • Total Actual Rent: 42600.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1066430
  • School Tax: 1837.00
  • Tax Annual Amount: 3347.00
  • Assessor Parcel Number: 311169000
  • Tax Lot: 188
  • Tax Total Finished Sq Ft: 1929
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 05/07/2019

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2019
Closed on
May 7, 2019
Sold by
B 6 Frankford Avenue Llc
Bought by
Feld Adam William
Seller's Agent
Debbie Cueto
Coldwell Banker Hearthside
Buyer's Agent
Lucas Pfaff
Keller Williams Main Line
List Price
$525,000
Sold Price
$492,400
Premium/Discount to List
-$32,600
-6.21%
Total Days on Market
14
Current Estimated Value
$591,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,544
Avg. Annual Appreciation
4.36%
Original Mortgage
$393,920
Outstanding Balance
$346,376
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$298,183

Purchase Details

Listed on
Jan 18, 2012
Closed on
Nov 16, 2012
Sold by
Colomy Oliver G and Colomy Mark N
Bought by
B 6 Frankford Avenue Llc
Seller's Agent
Wayne Leibovitz
Leibovitz Real Estate, LLC
Buyer's Agent
BRUCE KAUDERER
Fishtown Real Estate, LLC
List Price
$169,000
Sold Price
$149,000
Premium/Discount to List
-$20,000
-11.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.29%

Purchase Details

Closed on
Sep 28, 1999
Sold by
Sullivan Mary R
Bought by
Colomy Oliver G and Colomy Mark N

Purchase Details

Closed on
Jun 2, 1998
Sold by
Sullivan Joseph
Bought by
Sullivan Mary R
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
Feld Adam William $492,400 Surety Abstract Services Llc
B 6 Frankford Avenue Llc $149,000 None Available
Colomy Oliver G $18,000 --
Sullivan Mary R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feld Adam William $393,920
Previous Owner Frankford Ave Llc $303,500
Previous Owner B6 Frankford Ave Llc $203,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2019 05/07/19 Sold $492,400 -6.2% $255 / Sq Ft
03/12/2019 03/12/19 Pending -- -- --
02/26/2019 02/26/19 For Sale $525,000 +252.3% $272 / Sq Ft
11/16/2012 11/16/12 Sold $149,000 -11.8% $77 / Sq Ft
10/01/2012 10/01/12 Pending -- -- --
01/18/2012 01/18/12 For Sale $169,000 -- $88 / 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 $6,650 $475,100 $95,000 $380,100
2024 $6,650 $475,100 $95,000 $380,100
2023 $6,650 $475,100 $95,020 $380,080
2022 $2,976 $430,100 $95,020 $335,080
2021 $3,606 $0 $0 $0
2020 $3,606 $0 $0 $0
2019 $3,347 $0 $0 $0
2018 $2,429 $0 $0 $0
2017 $2,429 $0 $0 $0
2016 $2,429 $0 $0 $0
2015 $2,325 $0 $0 $0
2014 -- $173,500 $17,687 $155,813
2012 -- $6,400 $1,543 $4,857
Source: Public Records

Agents Affiliated with this Home

  • Debbie Cueto

    Seller's Agent in 2019

    Debbie Cueto

    Coldwell Banker Hearthside

    (215) 260-8783

    1 in this area

    77 Total Sales

    Debbie Cueto
    Section Image
  • Lucas Pfaff

    Buyer's Agent in 2019

    Lucas Pfaff

    Keller Williams Main Line

    (302) 547-1837

    2 in this area

    69 Total Sales

    Lucas Pfaff
    Section Image
  • Wayne Leibovitz

    Seller's Agent in 2012

    Wayne Leibovitz

    Leibovitz Real Estate, LLC

    (215) 852-9986

    19 Total Sales

    Wayne Leibovitz
    Section Image

  • B

    Buyer's Agent in 2012

    BRUCE KAUDERER

    Fishtown Real Estate, LLC

See All Agents

Map

Source: Bright MLS

MLS Number: PAPH720774

Bright MLS

APN: 311169000

Pennsylvania Philadelphia County Philadelphia 19125 East Kensington

2511 Frankford Ave, Philadelphia, PA

This home is located at 2511 Frankford Ave, Philadelphia, PA 19125 since 26 February 2019 and is currently estimated at $591,944, approximately $306 per square foot. This property was built in 1912. 2511 Frankford Ave is a home located in Philadelphia County with nearby schools including Horatio B. Hackett School, Penn Treaty School, and Sankofa Freedom Academy Charter School.

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