NOT LISTED FOR SALE

Estimated Value: $343,880 - $356,000

-- Bed
2 Baths
2,528 Sq Ft
$138/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $298,500 $118 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,099/month

83 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • Property is in very good condition
  • Balcony
  • Ceiling Fan
  • Wall to Wall Carpet

About This Home

As of November 2022

Fantastic opportunity to own this fully occupied duplex in the desirable neighborhood of Balwynne Park. Buses into Center City right up the street (38 Bus) and a couple blocks away you can catch the 44 into Center City at City Avenue - walking distance . Desirable neighborhood close to hospitals, shopping, public transportation, St. Joe's University, Fairmount Park, West River Drive, Kelly Drive, Route 76 and Route 1. from City Avenue shopping (Target, Panera, Chipotle, etc.). 5 minute drive to Bala Cynwyd LA Fitness. Both first and second floor units are 2 bedroom, 1 bath. Each unit has it's own separate metering for electricity and natural gas. Both units are rented and tenants are on a month to month lease - 1st floor paying $950 per month and 2nd Floor paying $925 per month. Rents are below market so a rent increase is imminent, especially since other properties in the area are renting from $1200-$1400 per month. Separate washer and dryer and storage space (in basement). Plenty of street parking as well as 2 driveway parking spaces in the rear of the property. The basement has a living room, dining area, one bedroom, a bathroom and a kitchen and is fully finished with separately metered electric and a private entrance. The 1st and 2nd floor apartments have separately metered gas and electric. Property is a legally zoned Duplex. Brand new water heater for 2nd floor apartment. New roof installed 7/13/22 with 10 year transferrable warranty.

Last Agent to Sell the Property

Dawn Kore

Realty Mark Associates - KOP License #RS334757 Listed on: 07/06/2022

Realty Mark Associates - KOP

Last Buyer's Agent

Michelle Phillips

Luxe Real Estate LLC License #RB0031247

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,924

Year Built

  • Built in 1958

Lot Details

  • 1,906 Sq Ft Lot
  • Lot Dimensions are 20.00 x 95.00
  • Property is in very good condition

Home Design

  • Duplex
  • Colonial Architecture
  • Flat Roof Shape
  • Brick Foundation
  • Plaster Walls
  • Masonry

Interior Spaces

  • Ceiling Fan
  • Wall to Wall Carpet
  • Finished Basement

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces
  • On-Street Parking

Outdoor Features

  • Balcony

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater
  • Municipal Trash

Community Details

  • 2 Units
  • Balwynne Park Subdivision

Listing and Financial Details

  • Tax Lot 133
  • Assessor Parcel Number 521385000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,924

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1958
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Fantastic opportunity to own this fully occupied duplex in the desirable neighborhood of Balwynne Park. Buses into Center City right up the street (38 Bus) and a couple blocks away you can catch the 44 into Center City at City Avenue - walking distance . Desirable neighborhood close to hospitals, shopping, public transportation, St. Joe's University, Fairmount Park, West River Drive, Kelly Drive, Route 76 and Route 1. from City Avenue shopping (Target, Panera, Chipotle, etc.). 5 minute drive to Bala Cynwyd LA Fitness. Both first and second floor units are 2 bedroom, 1 bath. Each unit has it's own separate metering for electricity and natural gas. Both units are rented and tenants are on a month to month lease - 1st floor paying $950 per month and 2nd Floor paying $925 per month. Rents are below market so a rent increase is imminent, especially since other properties in the area are renting from $1200-$1400 per month. Separate washer and dryer and storage space (in basement). Plenty of street parking as well as 2 driveway parking spaces in the rear of the property. The basement has a living room, dining area, one bedroom, a bathroom and a kitchen and is fully finished with separately metered electric and a private entrance. The 1st and 2nd floor apartments have separately metered gas and electric. Property is a legally zoned Duplex. Brand new water heater for 2nd floor apartment. New roof installed 7/13/22 with 10 year transferrable warranty.
  • Special Features: None

Interior Features

  • Flooring Type: Fully Carpeted
  • Wall Ceiling Types: Plaster Walls, Dry Wall
  • Foundation Details: Brick/Mortar
  • Room Count: 14
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2728
  • Living Area Sq Ft: 2528
  • Price Per Sq Ft: 172.32
  • Above Grade Finished Sq Ft: 1828
  • Below Grade Finished Sq Ft: 700
  • Below Grade Sq Ft: 200
  • Total Below Grade Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2659

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Refuse: 500.00
  • Central Air Conditioning: No
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas, Electric
  • 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

  • Improvement Assessed Value: 114860.00
  • Land Assessed Value: 22640.00
  • Land Use Code: W30
  • Lot Size Acres: 0.04
  • Lot Dimensions: 20.00 x 95.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1906.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2022
  • Zoning: RM1
  • Zoning Description: Residential - Duplex

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 22500.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1258625
  • School Tax: 1056.00
  • Tax Annual Amount: 1924.00
  • Assessor Parcel Number: 521385000
  • Tax Lot: 133
  • Tax Total Finished Sq Ft: 1828
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/04/2022

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Nov 4, 2022
Sold by
Kore Dawn
Bought by
Boulding Jessica
Seller's Agent
Dawn Kore
Realty Mark Associates - KOP
Buyer's Agent
Michelle Phillips
Luxe Real Estate LLC
List Price
$325,000
Sold Price
$298,500
Premium/Discount to List
-$26,500
-8.15%
Views
7
Current Estimated Value
$342,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,435
Avg. Annual Appreciation
7.99%
Original Mortgage
$293,092
Outstanding Balance
$285,094
Interest Rate
6.7%
Mortgage Type
FHA
Estimated Equity
$84,503

Purchase Details

Closed on
May 17, 2022
Sold by
Erasmus Kore
Bought by
Kore Dawn

Purchase Details

Closed on
Jul 10, 2003
Sold by
Kore Erasmus R
Bought by
Kore Erasmus R and Kore Dawn Marie

Purchase Details

Closed on
Apr 15, 2002
Sold by
Silver Ronald
Bought by
Kore Erasmus R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.13%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Boulding Jessica $298,500 Diversified Settlement Service
Kore Dawn -- None Listed On Document
Kore Erasmus R -- Commonwealth Land Title Insu
Kore Erasmus R $100,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boulding Jessica $293,092
Previous Owner Kore Erasmus R $100,156
Previous Owner Kore Erasmus R $100,000
Previous Owner Kore Erasmus R $90,000
Closed Boulding Jessica $14,925
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $298,500 -5.2% $118 / Sq Ft
09/27/2022 09/27/22 Pending -- -- --
09/13/2022 09/13/22 Price Changed $315,000 -3.1% $125 / Sq Ft
08/31/2022 08/31/22 For Sale $325,000 +8.9% $129 / Sq Ft
07/21/2022 07/21/22 Off Market $298,500 -- --
07/06/2022 07/06/22 For Sale $325,000 -- $129 / 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 $2,647 $334,300 $66,860 $267,440
2024 $2,647 $334,300 $66,860 $267,440
2023 $2,647 $189,100 $37,800 $151,300
2022 $1,925 $189,100 $37,800 $151,300
2021 $1,925 $0 $0 $0
2020 $1,925 $0 $0 $0
2019 $1,853 $0 $0 $0
2018 $0 $0 $0 $0
2017 $1,853 $0 $0 $0
2016 $1,853 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $132,400 $16,853 $115,547
2012 -- $26,336 $2,338 $23,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2135738

Bright MLS

APN: 521385000