NOT LISTED FOR SALE

28 N 40th St Philadelphia, PA 19104

West Powelton Neighborhood

Estimated Value: $368,164

-- Bed
-- Bath
2,014 Sq Ft
$183/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $350,000 $174 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,045/month

10 Days on Market

Highlights

  • Heating Available
  • 1-minute walk to 40Th Street
  • 5-minute walk to Saunders Park

About This Home

As of November 2023

Multi-unit available in the highly touted University City section of Philadelphia! 28 N 40th Street is a legally zoned (according to atlas.phila.gov) building, with 3 residential units and 1 commercial space on the 1st floor. The property needs to be fully rehabbed, which is an opportunity to customize this investment so you can maximize the profit potential. In addition to the plethora of development occurring in University City, this property is within a short drive or bike ride to CHOP, Hospital of the University of Pa, Art Museum, Franklin Institute, Philadelphia Zoo, Route I76, 30th Street Station, and Center City. Within a short walk, are Drexel University and UPENN. The property is being sold in as-is condition. The Buyer is responsible for obtaining U&O and zoning permits.

Last Agent to Sell the Property

Earnest Key

(215) 778-9352 earnest@keylegacyrealty.com Key Legacy Realty License #RM425409 Listed on: 10/31/2023

Last Buyer's Agent

Reda Akbil

(267) 205-1369 reda.akbil@compass.com Compass RE License #RS337002

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,364

Year Built

  • Built in 1920

Lot Details

  • 1,749 Sq Ft Lot
  • Lot Dimensions are 17.00 x 105.00

Parking

  • On-Street Parking

Home Design

  • 2,014 Sq Ft Home
  • Triplex
  • Stone Foundation
  • Masonry

Utilities

  • Heating Available

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 95
  • Assessor Parcel Number 871510600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,364

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Total Sq Ft: 2014
  • Living Area Sq Ft: 2014
  • Price Per Sq Ft: 198.11
  • Above Grade Finished Sq Ft: 2014
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 28

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: Y30
  • Lot Size Acres: 0.04
  • Lot Dimensions: 17.00 x 105.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1749.00
  • Year Assessed: 2023
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 748.00
  • Tax Annual Amount: 1364.00
  • Assessor Parcel Number: 871510600
  • Tax Lot: 95
  • Tax Total Finished Sq Ft: 2014
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/30/2023

Multi Family

  • Single Room Units Count: 1

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2023
Closed on
Nov 30, 2023
Sold by
Burns Laila and Bey Niger L
Bought by
Owner T Llc
Seller's Agent
Earnest Key
Key Legacy Realty
Buyer's Agent
Reda Akbil
Compass RE
List Price
$399,000
Sold Price
$350,000
Premium/Discount to List
-$49,000
-12.28%
Views
146
Current Estimated Value
$368,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,164

Purchase Details

Closed on
Apr 5, 2010
Sold by
Carter Mark and El Ramallah
Bought by
Bey Niger L and El Tatelin
Source: Public Records

Range of Values:

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Average Value
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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
Owner T Llc $350,000 None Listed On Document
Bey Niger L $23,868 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $350,000 -12.3% $174 / Sq Ft
11/10/2023 11/10/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $399,000 -- $198 / 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 $1,365 $331,400 $66,280 $265,120
2024 $1,365 $331,400 $66,280 $265,120
2023 $1,365 $342,300 $68,460 $273,840
2022 $1,365 $97,500 $68,460 $29,040
2021 $1,365 $0 $0 $0
2020 $1,365 $0 $0 $0
2019 $1,365 $0 $0 $0
2018 $1,365 $0 $0 $0
2017 $1,365 $0 $0 $0
2016 $1,365 $0 $0 $0
2015 $1,289 $0 $0 $0
2014 -- $153,200 $13,993 $139,207
Source: Public Records

Agents Affiliated with this Home

  • Earnest Key

    Seller's Agent in 2023

    Earnest Key

    Key Legacy Realty

    (215) 778-9352

    1 in this area

    100 Total Sales

    Earnest Key
    Section Image
  • Reda Akbil

    Buyer's Agent in 2023

    Reda Akbil

    Compass RE

    (267) 205-1369

    7 in this area

    145 Total Sales

    Reda Akbil
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2293004

Bright MLS

APN: 871510600

Pennsylvania Philadelphia County Philadelphia 19104 West Powelton

28 N 40th St, Philadelphia, PA

This home is located at 28 N 40th St, Philadelphia, PA 19104 since 31 October 2023 and is currently priced at $368,164, approximately $182 per square foot. This property was built in 1920. 28 N 40th St is a home located in Philadelphia County with nearby schools including Alain Locke School, West Philadelphia High School, and Belmont Charter Elementary School.

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