J
Seller's Agent in 2023
Jerry Rose
KW Empower
(609) 500-7050
1 in this area
22 Total Sales
261 E Fariston Dr Philadelphia, PA 19120
Melrose Park Gardens NeighborhoodEstimated Value: $369,000 - $402,370
Studio
2
Baths
1,600
Sq Ft
$243/Sq Ft
Est. Value
Highlights
- Stainless Steel Appliances
- 90% Forced Air Heating System
- Property is in excellent condition
- 2 Car Direct Access Garage
About This Home
As of February 2023Welcome to 261 E. Fariston Drive! Simply put this multi-family property speaks for itself. The entire property has been meticulously rehabbed three ago and all the boxes are checked. Utilities are separate. Each unit is under lease and each unit gets $1,200 per month. The tenants are on month to month leases and two-bedroom apartments in the area are as high as $1,450 per month. Both first and second units have new forced air heating and AC units. The basement owner suite has new forced air as well. All the boxes are checked, from top to bottom. The owner has self-managed the building with pride of ownership at the highest level. The property is a must see. Rental License is active and Lead Based Certs are updated (2021). Please make your appointment today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,931
Year Built
- Built in 1955 | Remodeled in 2018
Lot Details
- 2,625 Sq Ft Lot
- Lot Dimensions are 35.00 x 75.00
- Property is in excellent condition
Parking
- 2 Car Direct Access Garage
- Alley Access
- Driveway
Home Design
- 1,600 Sq Ft Home
- Duplex
- Flat Roof Shape
- Pitched Roof
- Masonry
Kitchen
- Oven
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Utilities
- Cooling System Utilizes Natural Gas
- 90% Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- 3 Units
- 3-Story Building
- Building Winterized
- East Oak Lane Subdivision
Listing and Financial Details
- The owner pays for water
- Tax Lot 432
- Assessor Parcel Number 611384900
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 25, 2022
Closed on
Feb 17, 2023
Sold by
Young Doreen
Bought by
Kelsey Monae
Seller's Agent
Jerry Rose
KW Empower
Buyer's Agent
Christine Kennedy
Keller Williams Main Line
List Price
$359,900
Sold Price
$330,000
Premium/Discount to List
-$29,900
-8.31%
Views
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,123
Avg. Annual Appreciation
5.71%
Original Mortgage
$313,500
Outstanding Balance
$302,984
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$86,139
Purchase Details
Listed on
Aug 24, 2017
Closed on
Dec 20, 2017
Sold by
Secretary Of Housing And Urban Developme
Bought by
Young Doreen
Seller's Agent
Alvaro Ronderos
Independence Real Estate Sales LLC
Buyer's Agent
Jerry Rose
KW Empower
List Price
$115,000
Sold Price
$135,000
Premium/Discount to List
$20,000
17.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.83%
Original Mortgage
$185,616
Interest Rate
4.62%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 4, 2017
Sold by
Bank Midfrist
Bought by
Secretary Of Housing And Urban Developme
Purchase Details
Closed on
Dec 6, 2016
Sold by
Coles Tyra
Bought by
Mid First Bank
Purchase Details
Closed on
Jun 12, 2002
Sold by
Dixon Michael J
Bought by
Coles Tyra
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,150
Interest Rate
6.81%
Mortgage Type
FHA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kelsey Monae | $330,000 | -- | |
| Young Doreen | $135,000 | Cantral Montgomery Abstract | |
| Secretary Of Housing And Urban Developme | -- | None Available | |
| Mid First Bank | $95,000 | Land Title Building | |
| Coles Tyra | $102,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kelsey Monae | $313,500 | |
| Previous Owner | Young Doreen | $185,616 | |
| Previous Owner | Coles Tyra | $101,150 | |
| Closed | Kelsey Monae | $16,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/28/2023 02/28/23 | Sold | $330,000 | -2.9% | $206 / Sq Ft | |
| 02/05/2023 02/05/23 | Pending | -- | -- | -- | |
| 01/13/2023 01/13/23 | Price Changed | $339,900 | -1.5% | $212 / Sq Ft | |
| 01/02/2023 01/02/23 | Price Changed | $345,000 | -4.1% | $216 / Sq Ft | |
| 10/25/2022 10/25/22 | For Sale | $359,900 | +166.6% | $225 / Sq Ft | |
| 12/27/2017 12/27/17 | Sold | $135,000 | 0.0% | $84 / Sq Ft | View Prior Sale |
| 09/05/2017 09/05/17 | Pending | -- | -- | -- | |
| 09/05/2017 09/05/17 | Off Market | $135,000 | -- | -- | |
| 08/24/2017 08/24/17 | For Sale | $115,000 | -- | $72 / Sq Ft |
Source: Bright MLS
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 |
|---|---|---|---|---|
| 2026 | $1,932 | $330,000 | $66,000 | $264,000 |
| 2025 | $1,932 | $330,000 | $66,000 | $264,000 |
| 2024 | $1,932 | $330,000 | $66,000 | $264,000 |
| 2023 | $1,932 | $138,000 | $27,600 | $110,400 |
| 2022 | $1,568 | $138,000 | $27,600 | $110,400 |
| 2021 | $1,568 | $0 | $0 | $0 |
| 2020 | $1,568 | $112,000 | $18,479 | $93,521 |
| 2019 | $2,357 | $0 | $0 | $0 |
| 2017 | $2,472 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jerry Rose
-
Christine Kennedy
Buyer's Agent in 2023
Christine Kennedy
Keller Williams Main Line
(267) 808-8962
1 in this area
29 Total Sales
-
Alvaro Ronderos
Seller's Agent in 2017
Alvaro Ronderos
Independence Real Estate Sales LLC
(484) 919-4152
99 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2172648
APN: 611384900
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