Seller's Agent in 2020
Stephen Stafford
SDG Management, LLC
(609) 335-4016
2 in this area
58 Total Sales
267 S 9th St Philadelphia, PA 19107
Washington Square West NeighborhoodEstimated Value: $1,345,712 - $1,831,000
--
Bed
4
Baths
4,340
Sq Ft
$374/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 3-minute walk to 9Th-10Th & Locust St
- Central Air
- Ceiling height of 9 feet or more
- No HOA
- 3-minute walk to Washington Square Park
About This Home
As of October 2020Welcome to 267 S 9th Street, a historic quadplex in the Washington Square neighborhood in Center City Philadelphia. The property has been well maintained and is currently fully leased. Comprising four units, one large 1BD 1BA which can be converted into a 2BD 2BA, two additional 1bd 1ba units, and one 2bd 1.5BA units and situated next to Penn Hospital there is never a shortage of tenants. The property presents a unique value add opportunity. New ownership could opt to create a fifth unit by right given the zoning and square footage of the lot, or add light upgrades to the existing units (washer dryers, updated finishes etc.) and increase rents. There is also an option (through a separate transaction) to take over two 80 year leases on parking spaces across the street in a garage. The property has central air and HVAC for each unit, outdoor space for each unit, an exterior fire escape, roof deck, and back yard, as well as a full unfinished basement currently being used for tenant storage and laundry. This is an incredible opportunity to create value in one of Philadelphia's most desirable neighborhoods.
Last Agent to Sell the Property
SDG Management, LLC License #RM424801 Listed on: 08/10/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,752
Year Built
- Built in 1919
Lot Details
- 1,992 Sq Ft Lot
- Lot Dimensions are 20.00 x 99.63
- Historic Home
- Property is in good condition
Parking
- 2 Car Garage
- Assigned Parking Garage Space
- Garage Door Opener
Home Design
- Quadruplex
- Masonry
Interior Spaces
- Ceiling height of 9 feet or more
- Wood Flooring
- Fire Escape
- Unfinished Basement
Utilities
- Central Air
- Hot Water Heating System
- 100 Amp Service
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- The owner pays for common area maintenance
- Tax Lot 29
- Assessor Parcel Number 054242210
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 10, 2020
Closed on
Oct 15, 2020
Sold by
Ehret Richard B
Bought by
267 9Th Street Llc
Seller's Agent
Stephen Stafford
SDG Management, LLC
Buyer's Agent
Linda Cheng
Premium Realty Group Inc
List Price
$1,500,000
Sold Price
$1,300,000
Premium/Discount to List
-$200,000
-13.33%
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
$430,130
Avg. Annual Appreciation
4.75%
Original Mortgage
$975,000
Outstanding Balance
$876,952
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$745,952
Purchase Details
Closed on
Apr 16, 1984
Bought by
Ehret Vivenne S and Ehret W
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 267 9Th Street Llc | $1,300,000 | First City Abstract Inc | |
| Ehret Vivenne S | $213,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 267 9Th Street Llc | $975,000 | |
| Previous Owner | Ehret Vivienne | $150,000 | |
| Previous Owner | Ehret Vivienne | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/30/2020 10/30/20 | Sold | $1,300,000 | -13.3% | $300 / Sq Ft |
| 08/25/2020 08/25/20 | Pending | -- | -- | -- |
| 08/10/2020 08/10/20 | For Sale | $1,500,000 | -- | $346 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $15,559 | $1,409,199 | $281,840 | $1,127,359 |
| 2024 | $15,559 | $1,409,199 | $281,840 | $1,127,359 |
| 2023 | $15,559 | $1,111,499 | $222,300 | $889,199 |
| 2022 | $14,646 | $1,103,900 | $222,300 | $881,600 |
| 2021 | $14,753 | $0 | $0 | $0 |
| 2020 | $14,753 | $0 | $0 | $0 |
| 2019 | $14,277 | $0 | $0 | $0 |
| 2018 | $14,277 | $0 | $0 | $0 |
| 2017 | $10,767 | $0 | $0 | $0 |
| 2016 | -- | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $769,200 | $122,844 | $646,356 |
| 2012 | -- | $72,960 | $38,400 | $34,560 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2020
Justin James
KW Empower
(267) 901-6296
1 in this area
57 Total Sales
-
L
Buyer's Agent in 2020
Linda Cheng
Premium Realty Group Inc
(267) 918-0968
4 in this area
8 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH919192
APN: 054242210
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