Seller's Agent in 2023
Ryan McManus
Keller Williams Liberty Place
(267) 838-5265
1 in this area
147 Total Sales
2702 Dothan Plaza Philadelphia, PA 19153
Eastwick NeighborhoodEstimated Value: $310,000 - $326,000
--
Bed
2
Baths
1,800
Sq Ft
$178/Sq Ft
Est. Value
Highlights
- City View
- 5-minute walk to Island Avenue And Tanager Street
- Central Heating and Cooling System
- Traditional Architecture
- 2 Car Attached Garage
About This Home
As of April 20232702 Dothan Plaza is a boutique duplex (2 units) with garage parking in the Eastwick submarket of Philadelphia, Pennsylvania (right by PHL International Airport). The subject property is part of a larger portfolio of extremely well-maintained boutique apartment buildings offered by Ownership as a package sale of 5 buildings (25 units) plus a rarely offered 15-unit prime multifamily development parcel in the desirable "Italian Market" area of South Philadelphia. "The Properties" are located within 1.5M of one another, with the exception of one asset that is located near Philadelphia International Airport (ideal Airbnb conversion). "The Portfolio" offers tremendous critical mass in one of the most attractive locations in Philadelphia. 3 of 5 properties are located right off Cianfrani Park, a popular neighborhood attraction. "The Properties" are walkable to many of South Philly's top amenities, parks, restaurants, cafes, schools and transit stops. This is a generational acquisition opportunity to purchase high-performing multifamily assets with 20% rental upside based on pro forma rents in the submarket(s). Ownership has carefully built, leased and maintained each asset over its tenure. New Ownership can enact a value-add capital enhancement program to achieve top-of-market rental rates or continue operating "The Portfolio" as is. "The Portfolio" is 100% leased and occupied, including the two (2) commercial spaces. "The Portfolio" consists of: 736 S 8th St; 763-5 S 8th St; 2702 Dothan Plaza; 1327 Snyder Ave; 1425 Jackson St.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,184
Year Built
- Built in 1965
Lot Details
- 1,802 Sq Ft Lot
- Lot Dimensions are 20.00 x 90.00
Parking
- 2 Car Attached Garage
Home Design
- Duplex
- Traditional Architecture
- Brick Exterior Construction
- Masonry
Interior Spaces
- 1,800 Sq Ft Home
- City Views
Location
- Urban Location
Utilities
- Central Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Natural Gas Water Heater
Community Details
- 2 Units
- Eastwick Subdivision
Listing and Financial Details
- Tax Lot 53
- Assessor Parcel Number 405906400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 2, 2022
Closed on
Apr 17, 2023
Sold by
Daddesi Michael
Bought by
Subahtu Solomon Hailemichael
Seller's Agent
Ryan McManus
Keller Williams Liberty Place
Buyer's Agent
George Moscony
George A Moscony Real Estate
List Price
$299,999
Sold Price
$280,000
Premium/Discount to List
-$19,999
-6.67%
Views
57
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
$39,797
Avg. Annual Appreciation
4.36%
Original Mortgage
$256,410
Outstanding Balance
$249,969
Interest Rate
6.73%
Mortgage Type
FHA
Estimated Equity
$60,122
Purchase Details
Closed on
Sep 14, 2000
Sold by
Daddesi Maria and Daddesi Jerry
Bought by
Daddesi Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
7.94%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Subahtu Solomon Hailemichael | $280,000 | None Listed On Document | |
| Daddesi Michael | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Subahtu Solomon Hailemichael | $256,410 | |
| Previous Owner | Daddesi Michael | $59,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2023 04/17/23 | Sold | $280,000 | -0.7% | $156 / Sq Ft |
| 01/26/2023 01/26/23 | Price Changed | $281,999 | -6.0% | $157 / Sq Ft |
| 08/02/2022 08/02/22 | For Sale | $299,999 | 0.0% | $167 / Sq Ft |
| 07/28/2022 07/28/22 | Price Changed | $299,999 | -- | $167 / 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 | $3,185 | $272,300 | $54,460 | $217,840 |
| 2024 | $3,185 | $272,300 | $54,460 | $217,840 |
| 2023 | $3,185 | $227,500 | $45,500 | $182,000 |
| 2022 | $2,872 | $227,500 | $45,500 | $182,000 |
| 2021 | $2,872 | $0 | $0 | $0 |
| 2020 | $2,872 | $0 | $0 | $0 |
| 2019 | $2,503 | $0 | $0 | $0 |
| 2018 | $2,205 | $0 | $0 | $0 |
| 2017 | $2,205 | $0 | $0 | $0 |
| 2016 | $2,205 | $0 | $0 | $0 |
| 2015 | $15,389 | $0 | $0 | $0 |
| 2014 | -- | $157,500 | $14,378 | $143,122 |
| 2012 | -- | $20,000 | $1,000 | $19,000 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan McManus
-
Ava Li
Seller Co-Listing Agent in 2023
Ava Li
Coldwell Banker Realty
(215) 882-2575
1 in this area
44 Total Sales
-
George Moscony
Buyer's Agent in 2023
George Moscony
George A Moscony Real Estate
(215) 806-3270
7 in this area
67 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2141754
APN: 405906400
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