NOT LISTED FOR SALE

255 S 45th St Philadelphia, PA 19104

Spruce Hill Neighborhood

Estimated Value: $847,000

-- Bed
-- Bath
3,240 Sq Ft
$261/Sq Ft Est. Value

Last Sold July 02, 2024

Last sale price $745,000 $230 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,861/month

6 Days on Market

Highlights

  • Balcony
  • Patio
  • Property is in excellent condition
  • Penn Alexander School Rated A-
  • Forced Air Heating and Cooling System
  • 1-minute walk to Spruce Hill Bird Sanctuary

About This Home

As of July 2024

HIGHEST AND BEST OFFERS DUE IN BY 2PM SATURDAY MAY 25. Make sure offer package includes Agreement of Sale, TOP form, Buyer signed SPD and LPD forms, Buyer BFI and/ or POF and/ or pre-approval letter. ===============Excellent opportunity to purchase a very well located fully leased triplex in the Spruce Hill neighborhood of University City! This property, also located within the Penn Alexander School catchment area, was recently fully renovated and features three full floor two bedroom apartments. The 2nd floor apartment will be vacant as of June 1, 2024 making this an incredible owner occupant purchase opportunity. All utilities are separated and each apartment has in-unit laundry. Each unit features some type of outdoor space. Awesome rear yard access for 1st floor unit. 2nd floor unit has access to a cute patio and the 3rd floor unit has access to large roof deck! Basement access is from the front patio. Tax abatement in effect through 2026. The total monthly rent roll is $5,170 + $100 for water usage. Total gross annual income is $63,240. The property is close to many coffee shops, restaurants, Universities and public transportation. Schedule a tour today!

Last Agent to Sell the Property

Christos Tzimoulis

(484) 437-3126 chris@newagerealtygroup.com New Age Realty Group Inc License #RM423707 Listed on: 05/20/2024

Last Buyer's Agent

Jessica Li

(215) 990-2089 yunli22003@gmail.com BY Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,021

Year Built

  • Built in 1935 | Remodeled in 2016

Lot Details

  • 1,746 Sq Ft Lot
  • Lot Dimensions are 18.00 x 97.00
  • Property is in excellent condition

Home Design

  • 3,240 Sq Ft Home
  • Triplex
  • Masonry

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Balcony
  • Patio

Schools

  • Penn Alexander Elementary And Middle School
  • West Philadelphia High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 41
  • Assessor Parcel Number 272144300

Community Details

Overview

  • 3 Units
  • Spruce Hill Subdivision

Building Details

  • Gross Income $63,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,021

Year Built

Built in 1935 | Remodeled in 2016

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: 1935
  • Year Renovated: 2016
  • Automatically Close On Close Date: No
  • Remarks Public: HIGHEST AND BEST OFFERS DUE IN BY 2PM SATURDAY MAY 25. Make sure offer package includes Agreement of Sale, TOP form, Buyer signed SPD and LPD forms, Buyer BFI and/ or POF and/ or pre-approval letter. ===============Excellent opportunity to purchase a very well located fully leased triplex in the Spruce Hill neighborhood of University City! This property, also located within the Penn Alexander School catchment area, was recently fully renovated and features three full floor two bedroom apartments. The 2nd floor apartment will be vacant as of June 1, 2024 making this an incredible owner occupant purchase opportunity. All utilities are separated and each apartment has in-unit laundry. Each unit features some type of outdoor space. Awesome rear yard access for 1st floor unit. 2nd floor unit has access to a cute patio and the 3rd floor unit has access to large roof deck! Basement access is from the front patio. Tax abatement in effect through 2026. The total monthly rent roll is $5,170 + $100 for water usage. Total gross annual income is $63,240. The property is close to many coffee shops, restaurants, Universities and public transportation. Schedule a tour today!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Unfinished
  • Total Sq Ft: 3240
  • Living Area Sq Ft: 3240
  • Price Per Sq Ft: 229.94
  • Above Grade Finished Sq Ft: 3240
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 255

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Elementary School: PENN ALEXANDER SCHOOL
  • Middle School: PENN ALEXANDER SCHOOL
  • High School: WEST PHILADELPHIA
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397108
  • School District Source: Listing Agent
  • Elementary School: PENN ALEXANDER SCHOOL
  • High School: WEST PHILADELPHIA
  • Middle Or Junior School: PENN ALEXANDER SCHOOL

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 18.00 x 97.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1746.00
  • Outdoor Living Structures: Patio(s), Balcony
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: RSA5
  • Zoning Description: U50 Res: Apt(s) Converted Row, 3 Sty, Masonry

Rental Info

  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 2755.00
  • Tax Annual Amount: 5021.00
  • Assessor Parcel Number: 272144300
  • Tax Lot: 41
  • Tax Total Finished Sq Ft: 3240
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/02/2024

Multi Family

  • Gross Scheduled Income: 63240.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Jun 21, 2024
Sold by
Fulwider Corporation
Bought by
Youxuan Llc
Seller's Agent
Christos Tzimoulis
New Age Realty Group Inc
Buyer's Agent
Jessica Li
BY Real Estate
List Price
$745,000
Sold Price
$745,000
Views
6
Current Estimated Value
$847,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,000
Avg. Annual Appreciation
10.21%
Original Mortgage
$506,000
Outstanding Balance
$499,443
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$347,557

Purchase Details

Closed on
Aug 14, 1989
Bought by
Fulwider Corp
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
Youxuan Llc $745,000 First City Abstract
Fulwider Corp $108,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Youxuan Llc $506,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2024 07/02/24 Sold $745,000 0.0% $230 / Sq Ft
05/20/2024 05/20/24 For Sale $745,000 -- $230 / 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 $5,022 $1,296,000 $259,200 $1,036,800
2024 $5,022 $1,296,000 $259,200 $1,036,800
2023 $5,022 $769,300 $153,860 $615,440
2022 $4,891 $358,738 $153,860 $204,878
2021 $8,985 $0 $0 $0
2020 $8,985 $0 $0 $0
2019 $8,623 $0 $0 $0
2018 $4,891 $0 $0 $0
2017 $4,891 $0 $0 $0
2016 $4,891 $0 $0 $0
2015 $4,358 $0 $0 $0
2014 -- $325,200 $52,611 $272,589
2012 -- $29,984 $5,224 $24,760
Source: Public Records

Agents Affiliated with this Home

  • Christos Tzimoulis

    Seller's Agent in 2024

    Christos Tzimoulis

    New Age Realty Group Inc

    (484) 437-3126

    5 in this area

    49 Total Sales

    Christos Tzimoulis
    Section Image

  • J

    Buyer's Agent in 2024

    Jessica Li

    BY Real Estate

    (215) 990-2089

    1 in this area

    31 Total Sales

    Jessica Li
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2356932

Bright MLS

APN: 272144300

Pennsylvania Philadelphia County Philadelphia 19104 Spruce Hill

255 S 45th St, Philadelphia, PA

This home is located at 255 S 45th St, Philadelphia, PA 19104 since 20 May 2024 and is currently estimated at $847,000, approximately $261 per square foot. This property was built in 1935. 255 S 45th St is a home located in Philadelphia County with nearby schools including Penn Alexander School, West Philadelphia High School, and The Islamic Education School (TIES).

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