NOT LISTED FOR SALE

2904 W Diamond St Philadelphia, PA 19121

Strawberry Mansion Neighborhood

Estimated Value: $83,000 - $990,321

-- Bed
-- Bath
3,409 Sq Ft
$201/Sq Ft Est. Value

Last Sold March 14, 2024

Last sale price $850,000 $249 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $3,919/month

9 Days on Market

Highlights

  • Contemporary Architecture
  • Central Heating and Cooling System
  • Property is in excellent condition

About This Home

As of March 2024

Introducing 2904 Diamond ST - a 7.50% CAP TURNKEY NEWER CONSTRUCTION QUADPLEX. Located in the booming Brewerytown / Strawberry Mansion submarket, blocks from Fairmount Park. The building has 4 units with open floor plans, a rear yard, and THE LAST ALLOWED ROOF DECK in the submarket. Great opportunity for an INVESTOR, 1031 EXCHANGE, or OWNER-OCCUPANT INVESTOR. UNIT [One] is a 1BD | 1BA apartment, available now for an owner user and previously leased for $1,230 / Month. UNIT [Two] is a 2BD | 1BA with large rear yard apartment leased for $1,575 / Month. UNIT [Three] is a 2BD | 2BA apartment leased for $ 1,600 / Month. Upper UNIT [Four] is a 2BD | 2BA apartment with a massive skyline Roof Deck, leased for $1,625 / Month. Annual income: $72,360 | CAP: 7.50 %. Full tax abatement through 2032. 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 Fairmount Park the developing Girard Avenue, including Crime and Punishment Brewery, Green Eggs Cafe and Aldi. Easy access to the Art Museum, Whole Foods, 30th Street Station, Boathouse Row, Fairmount Park, Kelly Drive and I-76.

Last Agent to Sell the Property

Billy Grewal

KW Empower Listed on: 01/22/2024

KW Empower

Last Buyer's Agent

John Gauntlett

KW Empower

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,183

Year Built

  • Built in 2022

Lot Details

  • 1,484 Sq Ft Lot
  • Lot Dimensions are 16.00 x 93.00
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • 3,409 Sq Ft Home
  • Quadruplex
  • Contemporary Architecture
  • Brick Exterior Construction

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 323116700

Community Details

Overview

  • 4 Units
  • Strawberry Mansion Subdivision

Building Details

  • Net Operating Income $63,687

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,183

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2022
  • Automatically Close On Close Date: No
  • Remarks Public: Introducing 2904 Diamond ST - a 7.50% CAP TURNKEY NEWER CONSTRUCTION QUADPLEX. Located in the booming Brewerytown / Strawberry Mansion submarket, blocks from Fairmount Park. The building has 4 units with open floor plans, a rear yard, and THE LAST ALLOWED ROOF DECK in the submarket. Great opportunity for an INVESTOR, 1031 EXCHANGE, or OWNER-OCCUPANT INVESTOR. UNIT [One] is a 1BD | 1BA apartment, available now for an owner user and previously leased for $1,230 / Month. UNIT [Two] is a 2BD | 1BA with large rear yard apartment leased for $1,575 / Month. UNIT [Three] is a 2BD | 2BA apartment leased for $ 1,600 / Month. Upper UNIT [Four] is a 2BD | 2BA apartment with a massive skyline Roof Deck, leased for $1,625 / Month. Annual income: $72,360 | CAP: 7.50 %. Full tax abatement through 2032. 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 Fairmount Park the developing Girard Avenue, including Crime and Punishment Brewery, Green Eggs Cafe and Aldi. Easy access to the Art Museum, Whole Foods, 30th Street Station, Boathouse Row, Fairmount Park, Kelly Drive and I-76.
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Total Sq Ft: 3409
  • Living Area Sq Ft: 3409
  • Price Per Sq Ft: 249.34
  • Above Grade Finished Sq Ft: 3409
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2904

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • 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

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 93.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1484.00
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Yearly
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

  • Gross Income: 72360.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 1

Tax Info

  • Tax Annual Amount: 2183.00
  • Assessor Parcel Number: 323116700
  • Tax Year: 2022
  • Close Date: 03/14/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2024
Closed on
Mar 14, 2024
Sold by
Am Acquisition I Llc
Bought by
Gumbs Ashaki Jawanza
Seller's Agent
Billy Grewal
KW Empower
Buyer's Agent
John Gauntlett
KW Empower
List Price
$849,000
Sold Price
$850,000
Premium/Discount to List
$1,000
0.12%
Total Days on Market
9
Views
88
Current Estimated Value
$685,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$164,170
Avg. Annual Appreciation
-13.76%
Original Mortgage
$807,500
Outstanding Balance
$795,628
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
-$109,805

Purchase Details

Listed on
Mar 26, 2020
Closed on
Nov 10, 2020
Sold by
Melikian Armen
Bought by
Am Acquisition I Llc
Seller's Agent
Juliet Welker
Compass RE
Buyer's Agent
Juliet Welker
Compass RE
List Price
$99,000
Sold Price
$60,000
Premium/Discount to List
-$39,000
-39.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
116.11%

Purchase Details

Listed on
Mar 26, 2020
Closed on
Sep 30, 2020
Sold by
Bey Sylvia S and Estate Of Isabella Washington
Bought by
Melikian Armen
Seller's Agent
Juliet Welker
Compass RE
Buyer's Agent
Juliet Welker
Compass RE
List Price
$99,000
Sold Price
$60,000
Premium/Discount to List
-$39,000
-39.39%

Purchase Details

Closed on
Apr 10, 1979
Bought by
Washington Isabella
Source: Public Records

Range of Values:

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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
Gumbs Ashaki Jawanza $850,000 None Listed On Document
Am Acquisition I Llc -- Alpha Abstract Agency Llc
Melikian Armen $60,000 Alpha Abstract Agency Llc
Washington Isabella -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gumbs Ashaki Jawanza $807,500
Previous Owner Am Acquisition I Llc $644,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2024 03/14/24 Sold $850,000 0.0% $249 / Sq Ft
01/31/2024 01/31/24 Price Changed $850,000 +0.1% $249 / Sq Ft
01/22/2024 01/22/24 For Sale $849,000 +1315.0% $249 / Sq Ft
10/05/2020 10/05/20 Sold $60,000 -39.4% --
09/04/2020 09/04/20 Pending -- -- --
03/26/2020 03/26/20 For Sale $99,000 -- --
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 $2,184 $780,000 $156,000 $624,000
2024 $2,184 $780,000 $156,000 $624,000
2023 $2,030 $780,000 $156,000 $624,000
2022 $97 $72,500 $72,500 $0
2021 $97 $0 $0 $0
2020 $97 $0 $0 $0
2019 $97 $0 $0 $0
2018 $97 $0 $0 $0
2017 $97 $0 $0 $0
2016 $84 $0 $0 $0
2015 $80 $0 $0 $0
2014 -- $6,000 $6,000 $0
2012 -- $320 $320 $0
Source: Public Records

Agents Affiliated with this Home

  • Billy Grewal

    Seller's Agent in 2024

    Billy Grewal

    KW Empower

    (202) 460-9996

    7 in this area

    87 Total Sales

    Billy Grewal
    Section Image
  • John Gauntlett

    Buyer's Agent in 2024

    John Gauntlett

    KW Empower

    (610) 772-7089

    1 in this area

    136 Total Sales

    John Gauntlett
    Section Image
  • Juliet Welker

    Seller's Agent in 2020

    Juliet Welker

    Compass RE

    (215) 880-2129

    3 in this area

    189 Total Sales

    Juliet Welker
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2314706

Bright MLS

APN: 323116700

Pennsylvania Philadelphia County Philadelphia 19121 Strawberry Mansion

2904 W Diamond St, Philadelphia, PA

This home is located at 2904 W Diamond St, Philadelphia, PA 19121 since 22 January 2024 and is currently estimated at $685,830, approximately $201 per square foot. This property was built in 2022. 2904 W Diamond St is a home located in Philadelphia County with nearby schools including Richard R. Wright School, Strawberry Mansion High School, and Revolution School.

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