NOT LISTED FOR SALE

2921-2923 Gerritt St Philadelphia, PA 19146

Grays Ferry Neighborhood

Estimated Value: $467,573 - $511,000

0.03 Acre
$16,263,100 Price per Acre
1,260 Sq Ft Lot

Last Sold April 30, 2020

Last sale price $145,000

Est. 236% increase in value since last sale

Current estimated payment $2,710/month

Highlights

  • No HOA
  • Additional Land
  • 3-minute walk to Donald Finnegan Playground

About This Lot

As of April 2020

Development opportunity in HOT Grays Ferry, located in a Federal Qualified Opportunity Zone (QOZ) with the possibility for no federal tax on capital gains after 10 years. Rarely offered 2 contiguous properties 2921-23 Gerritt Street, including 2 vacant lots. Both properties have zoning permits to build 3 story new construction homes, 4BR 3BA with roofdecks, totaling approximately 2,100 square feet. Plans and approvals available for review, lots are 14x45 with building footprint of 14x38 and no 3rd floor setback.

Last Agent to Sell the Property

Michael McCann

mccann@mccannteam.com KW Empower License #AB049770L Listed on: 11/20/2019

KW Empower

Last Buyer's Agent

David Snyder

(215) 607-6007 david@centercitylistings.com KW Empower License #RS223144L

KW Empower

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $350

Lot Details

  • 1,260 Sq Ft Lot
  • Additional Land
  • Additional Parcels
  • Property is zoned RSA5

Community Details

  • No Home Owners Association
  • Grays Ferry Subdivision

Listing and Financial Details

  • Tax Lot 347
  • Assessor Parcel Number 364224014

Property Details

Property Type

Land

Est. Annual Taxes

$350

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • New Construction: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Sq Ft: 126.98

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: Yes
  • Lot Features: Additional Lot(s)
  • Lot Size Acres: 0.03
  • Lot Dimensions: 14.00 x 45.00, 14.00 x 45.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1260.00
  • Zoning: RSA5
  • Farmland Preservation: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 192.00
  • Tax Annual Amount: 350.00
  • Assessor Parcel Number: 364224014
  • Tax Lot: 347
  • Tax Data Updated: No
  • Tax Year: 2020

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2021
Sold by
Two Blind Mice Llc
Bought by
Wei Yu-Hua
Current Estimated Value
$487,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,263
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 20, 2019
Closed on
Apr 17, 2020
Sold by
Zahner Louis
Bought by
Two Blind Mice Llc
Seller's Agent
Michael McCann
KW Empower
Buyer's Agent
David Snyder
KW Empower
List Price
$189,000
Sold Price
$145,000
Premium/Discount to List
-$44,000
-23.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.68%

Purchase Details

Closed on
Nov 12, 2018
Sold by
Zahner Louis
Bought by
Zahner Louis

Purchase Details

Closed on
Mar 26, 2004
Sold by
Redevelopment Authority Of The City Of P
Bought by
Zahner Louis
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wei Yu-Hua $420,350 None Listed On Document
Two Blind Mice Llc $145,000 Great American Abstract Llc
Zahner Louis -- None Available
Zahner Louis $4,339 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wei Yu-Hua $315,263
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2020 04/30/20 Sold $145,000 -9.4% --
03/12/2020 03/12/20 Pending -- -- --
03/03/2020 03/03/20 Price Changed $160,000 -3.0% --
01/02/2020 01/02/20 Price Changed $165,000 -2.9% --
12/06/2019 12/06/19 Price Changed $170,000 -10.1% --
11/20/2019 11/20/19 For Sale $189,000 -- --
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
2026 $1,716 $399,400 $79,880 $319,520
2025 $1,716 $399,400 $79,880 $319,520
2024 $1,716 $399,400 $79,880 $319,520
2023 $4,003 $612,800 $122,560 $490,240
2022 $350 $285,973 $122,560 $163,413
2021 $350 $0 $0 $0
2020 $350 $0 $0 $0
2019 $377 $0 $0 $0
2018 $377 $0 $0 $0
2017 $377 $0 $0 $0
2016 $171 $0 $0 $0
2015 $163 $0 $0 $0
2014 -- $12,200 $12,200 $0
2012 -- $1,408 $1,408 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael McCann

    Seller's Agent in 2020

    Michael McCann

    KW Empower

    (215) 778-0901

    15 in this area

    1,640 Total Sales

    Michael McCann
    Section Image
  • David Snyder

    Buyer's Agent in 2020

    David Snyder

    KW Empower

    (215) 607-6007

    10 in this area

    856 Total Sales

    David Snyder
    Section Image
  • Clifford Lasky

    Buyer Co-Listing Agent in 2020

    Clifford Lasky

    OFC Realty

    (267) 225-5693

    9 in this area

    103 Total Sales

    Clifford Lasky
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH852398

Bright MLS

APN: 364224012

Pennsylvania Philadelphia County Philadelphia 19146 Grays Ferry

2921-2923 Gerritt St, Philadelphia, PA

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