NOT LISTED FOR SALE

Estimated Value: $244,000 - $317,000

-- Bed
3 Baths
1,888 Sq Ft
$149/Sq Ft Est. Value

Last Sold February 13, 2020

Last sale price $215,000 $114 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,751/month

About This Home

As of February 2020

Priced out of expensive and competitive East Coast real estate markets like New York, DC and Boston? Invest/own/rent in Philadelphia, Pennsylvania for a fraction of the cost and experience above national average rent growth and asset appreciation while discovering world class culture, cuisine, convenience and connectivity.QOZ investors: This is an 1800+ SF 3 storey value add triplex in the red hot 19121 zip code. This 3 unit multifamily property is in livable condition but needs full rehab to bring up to market standards. Just one half mile east of Fairmount Park and one half mile north of booming Brewerytown where investor demand is surging. Prime investment location for future rent growth and appreciation. Terrific starter project for builders and investors looking for long term investment hold. Full gut renovation will qualify this property for Philadelphia's 10yr tax abatement program. Multiple new multifamily developments on this street and surrounding area. Qualified Opportunity Zone investment. Buy and build! This property is a As-In-Condition sale.

Last Agent to Sell the Property

Ryan McManus

ryan@agentphl.com Keller Williams Liberty Place Listed on: 09/10/2019

Co-Listed By

Carson Merine

(717) 321-3641 merinecarson@gmail.com Keller Williams Main Line License #RS330645

Last Buyer's Agent

Mac VanHorn

(570) 371-9908 mackenzievanhorn@gmail.com National Realty Old City LLC - PA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $441

Year Built

  • Built in 1915

Lot Details

  • 1,152 Sq Ft Lot
  • Lot Dimensions are 16.00 x 72.00

Parking

  • On-Street Parking

Home Design

  • 1,888 Sq Ft Home
  • Triplex
  • Masonry

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Public Septic

Listing and Financial Details

  • Tax Lot 55
  • Assessor Parcel Number 324040100

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Brewerytown Subdivision

Building Details

  • 3 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$441

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Remarks Public: Priced out of expensive and competitive East Coast real estate markets like New York, DC and Boston? Invest/own/rent in Philadelphia, Pennsylvania for a fraction of the cost and experience above national average rent growth and asset appreciation while discovering world class culture, cuisine, convenience and connectivity.QOZ investors: This is an 1800+ SF 3 storey value add triplex in the red hot 19121 zip code. This 3 unit multifamily property is in livable condition but needs full rehab to bring up to market standards. Just one half mile east of Fairmount Park and one half mile north of booming Brewerytown where investor demand is surging. Prime investment location for future rent growth and appreciation. Terrific starter project for builders and investors looking for long term investment hold. Full gut renovation will qualify this property for Philadelphia's 10yr tax abatement program. Multiple new multifamily developments on this street and surrounding area. Qualified Opportunity Zone investment. Buy and build! This property is a As-In-Condition sale.
  • Special Features: None

Interior Features

  • Total Sq Ft: 1888
  • Living Area Sq Ft: 1888
  • Price Per Sq Ft: 113.88
  • Above Grade Finished Sq Ft: 1888
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2804

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: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer, Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA: 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: 24327.00
  • Land Assessed Value: 7173.00
  • Land Use Code: U50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 72.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1152.00
  • Year Assessed: 2020
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1078392
  • School Tax: 242.00
  • Tax Annual Amount: 441.00
  • Assessor Parcel Number: 324040100
  • Tax Lot: 55
  • Tax Total Finished Sq Ft: 1888
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 02/13/2020

Multi Family

  • Number Of Units Vacant: 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2019
Closed on
Feb 13, 2020
Sold by
Warwick Holdings Llc
Bought by
Vanhorn Spencer
Seller's Agent
Ryan McManus
Keller Williams Liberty Place
Buyer's Agent
Mac VanHorn
National Realty Old City LLC - PA
List Price
$224,999
Sold Price
$215,000
Premium/Discount to List
-$9,999
-4.44%
Current Estimated Value
$281,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,985
Avg. Annual Appreciation
4.89%
Original Mortgage
$211,105
Outstanding Balance
$186,561
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$95,424

Purchase Details

Closed on
Jul 11, 2018
Sold by
Anderson Robert L
Bought by
Warwick Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 1994
Bought by
Anderson Robert L
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
Vanhorn Spencer $215,000 Omni Abstract Agency Llc
Warwick Holdings Llc $90,000 Olde City Abstract Inc
Anderson Robert L $11,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanhorn Spencer $211,105
Previous Owner Warwick Holdings Llc $67,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2020 02/13/20 Sold $215,000 0.0% $114 / Sq Ft
11/21/2019 11/21/19 Pending -- -- --
11/13/2019 11/13/19 Price Changed $214,999 -1.8% $114 / Sq Ft
10/21/2019 10/21/19 Price Changed $219,000 -2.7% $116 / Sq Ft
09/25/2019 09/25/19 For Sale $224,999 0.0% $119 / Sq Ft
09/20/2019 09/20/19 Pending -- -- --
09/10/2019 09/10/19 For Sale $224,999 -- $119 / 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 $3,077 $215,900 $43,180 $172,720
2024 $3,077 $215,900 $43,180 $172,720
2023 $3,077 $219,800 $43,960 $175,840
2022 $441 $219,800 $43,960 $175,840
2021 $441 $0 $0 $0
2020 $441 $0 $0 $0
2019 $427 $0 $0 $0
2018 $354 $0 $0 $0
2017 $354 $0 $0 $0
2016 $354 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $48,000 $5,451 $42,549
2012 -- $2,336 $809 $1,527
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH830220

Bright MLS

APN: 324040100