Seller's Agent in 2021
Billy Grewal
KW Empower
(202) 460-9996
7 in this area
87 Total Sales
2703 W Glenwood Ave Philadelphia, PA 19121
Strawberry Mansion NeighborhoodEstimated Value: $581,000 - $724,000
--
Bed
5
Baths
2,820
Sq Ft
$229/Sq Ft
Est. Value
Highlights
- New Construction
- Contemporary Architecture
- Community Pool
- Open Floorplan
- No HOA
- 5-minute walk to Hank Gathers Youth Access Center
About This Home
As of February 2021Introducing 2703 Glenwood. New Construction DUPLEX. Located in one of the hottest neighborhoods in Philadelphia Brewerytown!!! The building has 2 units. Great opportunity for first time home BUYER or INVESTOR | 1031 Exchange. Lower Unit A has already been Rented out @ $1,795 per month. Live in one and rent the other out, or receive rental income from both units. Brewerytown is booming and the rental market here is strong. Unit A is a 1350 SF 3BD | 2BA Bi-level apartment with rear yard and rented for 1,795/month. Unit B is a 1470 SF 3BD | 3BA Bi-level apartment with a skyline roof deck, pro forma rent of 2,300/month. Pro forma annual rent: $51,600, Pro forma CAP: 6.0 %. Both Unit's feature a flexible floor plan, High ceilings, large windows and an open contemporary feel. Hardwood floors & recessed lighting. Both kitchens are home to shaker-style cabinetry, subway tile, granite countertops, stainless steel appliances. There is ample closet space and Full Size W/D in both units. In a great location for commuters, it takes just minutes to get to Center City or University City. There are several Septa routes nearby, and all major highways are easily accessible. Only steps away from the developing Girard Avenue, including Crime and Punishment Brewery, Green Eggs Cafe, Monkey and the Elephant, and Aldi. Easy access to Fairmount Park, the Art Museum, Whole Foods, 30th Street Station, Boathouse Row, Kelly Drive and I-76. Brought to you by Design Pro Development. Approved 10-YEAR TAX ABATEMENT and 1 yr Builder Warranty. Property is located in the Qualified Opportunity Zone!!! Seller can Provide an introduction to lender who will provide 75% LTV, 3.95% Rate for Qualified Investors!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,512
Year Built
- Built in 2020 | New Construction
Lot Details
- 971 Sq Ft Lot
- Lot Dimensions are 15.41 x 63.00
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- Duplex
- Contemporary Architecture
- Bi-Level Home
- Brick Exterior Construction
- Fiberglass Roof
Interior Spaces
- 2,820 Sq Ft Home
- Open Floorplan
Laundry
- Dryer
- Washer
Utilities
- Central Heating and Cooling System
- 200+ Amp Service
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 53
- Assessor Parcel Number 323052800
Community Details
Overview
- No Home Owners Association
- 2 Units
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 2, 2020
Closed on
Feb 6, 2021
Sold by
2703 Glenw000 Avenue Llc
Bought by
Funches Antonio
Seller's Agent
Billy Grewal
KW Empower
Buyer's Agent
Britainy Stephens
Trinity Property Advisors
List Price
$618,000
Sold Price
$575,000
Premium/Discount to List
-$43,000
-6.96%
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
$72,005
Avg. Annual Appreciation
3.82%
Original Mortgage
$575,000
Outstanding Balance
$520,110
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$161,379
Purchase Details
Closed on
Feb 26, 2019
Sold by
Kentucky Holdings Llc
Bought by
2703 Glenwood Avenue Llc
Purchase Details
Closed on
Dec 22, 2016
Sold by
Taylor James H and Taylor Rosie Lee
Bought by
Kentucky Holding Llc
Purchase Details
Closed on
Mar 2, 1949
Bought by
James James H and James Rosie L
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 |
|---|---|---|---|
| Funches Antonio | $575,000 | Great American Abstract Llc | |
| 2703 Glenwood Avenue Llc | -- | None Available | |
| Kentucky Holding Llc | $3,800 | None Available | |
| James James H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Funches Antonio | $575,000 | |
| Previous Owner | 2703 Glenwood Avenue Llc | $330,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/08/2021 02/08/21 | Sold | $575,000 | -1.7% | $204 / Sq Ft |
| 01/04/2021 01/04/21 | Price Changed | $585,000 | -1.7% | $207 / Sq Ft |
| 12/08/2020 12/08/20 | Price Changed | $595,000 | -0.8% | $211 / Sq Ft |
| 10/19/2020 10/19/20 | Price Changed | $599,700 | -3.0% | $213 / Sq Ft |
| 10/02/2020 10/02/20 | For Sale | $618,000 | -- | $219 / 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 | $1,512 | $540,000 | $108,000 | $432,000 |
| 2024 | $1,512 | $540,000 | $108,000 | $432,000 |
| 2023 | $1,512 | $540,000 | $108,000 | $432,000 |
| 2022 | $6,047 | $108,000 | $108,000 | $0 |
| 2021 | $71 | $0 | $0 | $0 |
| 2020 | $71 | $0 | $0 | $0 |
| 2019 | $71 | $0 | $0 | $0 |
| 2018 | $71 | $0 | $0 | $0 |
| 2017 | $71 | $0 | $0 | $0 |
| 2016 | $238 | $0 | $0 | $0 |
| 2015 | $269 | $0 | $0 | $0 |
| 2014 | -- | $20,100 | $4,757 | $15,343 |
| 2012 | -- | $576 | $121 | $455 |
Source: Public Records
Agents Affiliated with this Home
-
Billy Grewal
-
Britainy Stephens
Buyer's Agent in 2021
Britainy Stephens
Trinity Property Advisors
(612) 590-5030
1 in this area
11 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH941330
APN: 323052800
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