Seller's Agent in 2022
Ronda Kelly
Realty Mark Cityscape
(267) 938-9885
1 in this area
19 Total Sales
2926 Ridge Ave Philadelphia, PA 19121
Strawberry Mansion NeighborhoodEstimated Value: $590,899
--
Bed
--
Bath
2,643
Sq Ft
$224/Sq Ft
Est. Value
About This Home
As of June 2022GREAT CASH FLOW OPPORTUNITY! 2926 Ridge Avenue is ready!!!
This captivating (4 + 1 ADU) multi-family includes a commercial storefront with an attached additional dwelling unit. This is the opportunity to obtain a unique development in a rapidly appreciating market with the ability to increase rent over time. Spacious units that feature both modern amenities and original character. New floors, plenty of natural lighting, open kitchen plan, stainless steel appliances, beautiful tile backsplash, living room areas. All units are newly renovated 2021/22 - All GE stainless steel appliances, granite countertops, w/ unique backsplashes & finishes. All units have newly renovated bathrooms. Meticulously maintained and ready for the next investor! All units are self-contained (ALL ELECTRIC & HVAC). There is an intercom system in each unit. Keyless entry, security cameras installed. Walking distance to Blaine Middle School and Strawberry Mansion High School. Unit mix: (2) 2Bed /1Bth, (1) 1Bed / 1Bth, (1) Commercial Unit w/ (1) ADU – Studio (Can be used separately). Lower Level Commercial space/storefront can easily be used as an office, retail or commercial use, hair salon/barbershop, Small Cafe, etc. This quad +1 is turnkey, located in a busy commercial district, close to public transportation, shops, less than 5miles to center city Philadelphia.
ZONING - CMX-2
The sale can be contingent upon receipt of the renter's license (waiting for city to upload)
Commercial Spaced Occupied (Daycare) at $1500 p/m 10 Yr. Lease
2nd Floor Rear tenant Occupied $1100 p/m
Projected Remaining Units
1st Floor Rear Projected $1200
2nd Floor Front Projected $1150
3rd Floor Projected $1400
Last Agent to Sell the Property
(267) 938-9885 kellyrealestateagent@gmail.com Realty Mark Cityscape License #RS301830 Listed on: 01/11/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,243
Year Built
- Built in 1936 | Remodeled in 2021
Lot Details
- 1,887 Sq Ft Lot
- Lot Dimensions are 18.87 x 100.00
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- Quadruplex
- Brick Exterior Construction
- Brick Foundation
- Stucco
Interior Spaces
- 2,643 Sq Ft Home
- Basement Fills Entire Space Under The House
Utilities
- Central Heating and Cooling System
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for real estate taxes, water
- Tax Lot 130
- Assessor Parcel Number 323039600
Community Details
Overview
- 4 Units
- Building Winterized
- Strawberry Mansion Subdivision
Building Details
- 3 Vacant Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 11, 2022
Closed on
Jun 27, 2022
Sold by
Choice Management Llc
Bought by
Logan Nia D
Seller's Agent
Ronda Kelly
Realty Mark Cityscape
Buyer's Agent
Casey Daneker
Keller Williams Real Estate - West Chester
List Price
$715,000
Sold Price
$475,000
Premium/Discount to List
-$240,000
-33.57%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,899
Avg. Annual Appreciation
6.73%
Original Mortgage
$466,396
Interest Rate
5.13%
Mortgage Type
FHA
Purchase Details
Closed on
May 19, 2021
Sold by
Henderson & Thomas Diversified Investmen
Bought by
Choice Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,950
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 30, 2006
Sold by
Kingdom Focus Llc
Bought by
Henderson & Thomas Diversified Investmen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
6.15%
Mortgage Type
Commercial
Purchase Details
Closed on
May 2, 2006
Sold by
Berrian Reginald
Bought by
Kingdom Focus Llc
Purchase Details
Closed on
Sep 26, 2003
Sold by
Berrian Reginald and Thomas Gregory
Bought by
Berrian Reginald
Purchase Details
Closed on
Jul 1, 2002
Sold by
Searles Clifton and Searles Frederick
Bought by
Berrian Reginald and Thomas Gregory
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Logan Nia D | $475,000 | -- | |
| Choice Management Llc | $130,000 | City Line Abstract Company | |
| Henderson & Thomas Diversified Investmen | $140,000 | None Available | |
| Kingdom Focus Llc | $77,000 | None Available | |
| Berrian Reginald | $1,050 | -- | |
| Berrian Reginald | $5,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Logan Nia D | $466,396 | |
| Previous Owner | Choice Management Llc | $313,950 | |
| Previous Owner | Henderson & Thomas Diversified Investmen | $186,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/22/2022 06/22/22 | Sold | $475,000 | 0.0% | $180 / Sq Ft |
| 05/13/2022 05/13/22 | Pending | -- | -- | -- |
| 04/26/2022 04/26/22 | Price Changed | $475,000 | -17.4% | $180 / Sq Ft |
| 03/17/2022 03/17/22 | Price Changed | $575,000 | -3.4% | $218 / Sq Ft |
| 02/28/2022 02/28/22 | Price Changed | $595,000 | -8.5% | $225 / Sq Ft |
| 02/15/2022 02/15/22 | Price Changed | $650,000 | -3.7% | $246 / Sq Ft |
| 02/01/2022 02/01/22 | Price Changed | $675,000 | -5.6% | $255 / Sq Ft |
| 01/11/2022 01/11/22 | For Sale | $715,000 | -- | $271 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,019 | $197,600 | $39,520 | $158,080 |
| 2024 | $2,019 | $197,600 | $39,520 | $158,080 |
| 2023 | $2,019 | $144,200 | $28,800 | $115,400 |
| 2022 | $2,244 | $144,200 | $28,800 | $115,400 |
| 2021 | $2,244 | $0 | $0 | $0 |
| 2020 | $2,244 | $160,300 | $32,060 | $128,240 |
| 2019 | $2,223 | $0 | $0 | $0 |
| 2018 | $2,158 | $0 | $0 | $0 |
| 2017 | $1,851 | $0 | $0 | $0 |
| 2016 | $1,851 | $0 | $0 | $0 |
| 2015 | $1,771 | $0 | $0 | $0 |
| 2014 | -- | $132,200 | $18,900 | $113,300 |
| 2012 | -- | $3,328 | $1,108 | $2,220 |
Source: Public Records
Agents Affiliated with this Home
-
Ronda Kelly
-
Casey Daneker
Buyer's Agent in 2022
Casey Daneker
Keller Williams Real Estate - West Chester
(215) 219-4482
1 in this area
77 Total Sales
-
MATTHEW FETICK
M
Buyer Co-Listing Agent in 2022
MATTHEW FETICK
Keller Williams Realty
(302) 360-0300
1 in this area
31 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2065936
APN: 871145450
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