NOT LISTED FOR SALE
-- Bed
1 Bath
2,939 Sq Ft
1,296 Sq Ft Lot

Last Sold April 22, 2022

Last sale price $229,900 $78 Per Sq Ft

141 Days on Market

About This Home

As of April 2022

Welcome to “The Golden Mile!" A well-known stretch of commercial success stories with lots of foot-traffic and a friendly atmosphere. Seller is retiring after a very long and lucrative career in both sales and extensive rental income. It’s time to pass the torch to one or more ambitious up-and-coming landlords! Each building could be purchased separately or as part of a package. This building consists of:
>Wide open space on the first floorNow has a church renting $1200 per month
> There is a six room apartment building where the tenants are paying:
> $400> $380> $380> $425> $425> $380
> Owner pays $225 water.
This property is also CURRENTLY opened up the the property behind it that is under agreement, 2859-61 N Reese Street (Currently warehouse space) in which we have architect drawings to be included which includes plans to convert 2854 N. 5th into 3 units in which two apartmenthree units in which two apartments are one bedroom and the third unit will have two bedrooms. Opening will be closed.

Last Agent to Sell the Property

Ed Barber

Re/Max One Realty License #RS195624L Listed on: 09/03/2021

Re/Max One Realty

Last Buyer's Agent

John Borelli

Realty Mark Associates-CC License #RS211878L

Realty Mark Associates-CC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,496

Year Built

  • Built in 1920

Lot Details

  • 1,296 Sq Ft Lot
  • Lot Dimensions are 18.00 x 72.00

Home Design

  • 2,939 Sq Ft Home
  • Straight Thru Architecture
  • Masonry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 871101850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,496

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Over Storefront
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to “The Golden Mile!" A well-known stretch of commercial success stories with lots of foot-traffic and a friendly atmosphere. Seller is retiring after a very long and lucrative career in both sales and extensive rental income. It’s time to pass the torch to one or more ambitious up-and-coming landlords! Each building could be purchased separately or as part of a package. This building consists of: >Wide open space on the first floorNow has a church renting $1200 per month > There is a six room apartment building where the tenants are paying: > $400> $380> $380> $425> $425> $380 > Owner pays $225 water. This property is also CURRENTLY opened up the the property behind it that is under agreement, 2859-61 N Reese Street (Currently warehouse space) in which we have architect drawings to be included which includes plans to convert 2854 N. 5th into 3 units in which two apartmenthree units in which two apartments are one bedroom and the third unit will have two bedrooms. Opening will be closed.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2939
  • Living Area Sq Ft: 2939
  • Price Per Sq Ft: 78.22
  • Above Grade Finished Sq Ft: 2939
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2854

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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit, Window Unit(s)
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 85520.00
  • Land Assessed Value: 21380.00
  • Land Use Code: Y50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 18.00 x 72.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1296.00
  • Year Assessed: 2021
  • Zoning: CMX2

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 991532
  • School Tax: 821.00
  • Tax Annual Amount: 1496.00
  • Assessor Parcel Number: 871101850
  • Tax Lot: 25
  • Tax Total Finished Sq Ft: 2939
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 04/22/2022

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 1976
Bought by
Lam Boy Inc
Source: Public Records

Range of Values:

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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
Lam Boy Inc $28,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamboy Inc $106,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2022 04/22/22 Sold $229,900 0.0% $78 / Sq Ft
11/16/2021 11/16/21 Price Changed $229,900 -4.2% $78 / Sq Ft
09/03/2021 09/03/21 For Sale $239,900 -- $82 / 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 $1,804 $161,200 $32,240 $128,960
2024 $1,804 $161,200 $32,240 $128,960
2023 $1,804 $128,900 $25,780 $103,120
2022 $1,496 $128,900 $25,780 $103,120
2021 $1,496 $0 $0 $0
2020 $1,496 $0 $0 $0
2019 $1,482 $0 $0 $0
2018 $1,401 $0 $0 $0
2017 $2,144 $0 $0 $0
2016 $2,144 $0 $0 $0
2015 $2,053 $0 $0 $0
2014 -- $153,200 $9,300 $143,900
2012 -- $4,800 $366 $4,434
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2027612

Bright MLS

APN: 871101850