NOT LISTED FOR SALE

Estimated Value: $429,137 - $619,000

-- Bed
-- Bath
-- Sq Ft
1,365 Sq Ft Lot

Last Sold March 22, 2019

Last sale price $370,000

Est. 48% increase in value since last sale

Current estimated payment $3,331/month

36 Days on Market

About This Home

As of March 2019

Amazing value in this Triplex in the heart of the action. This building features (2) one bedroom units and a large two bedroom unit that are ready to go. This property is SURROUNDED by new construction and values have doubled over the last 2 years. This well-built triplex affords you option to place your own tenants in two of the units and the 3rd unit (the 2 bedroom) has a lease that will expire in June; this unit is currently rented for SIGNIFICANTLY less than market value. This home has all of the utilities separated for you and the comps are crazy.... the duplex 2 doors down sold for $543,000 in November. Don't sleep on this one as this is a homerun for BOTH an investor or someone who wants to live in one unit, rent the other 2 out, and basically live for free! Call me with any questions.

Last Agent to Sell the Property

Andrew Dickinson

RE/MAX Aspire Listed on: 01/10/2019

RE/MAX Aspire

Last Buyer's Agent

Ben Finelli

RE/MAX Ready

RE/MAX Ready

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,289

Year Built

  • Built in 1920

Lot Details

  • 1,365 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • AirLite
  • Masonry

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 233
  • Assessor Parcel Number 292183600

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Art Museum Area Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,289

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Airlite
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Amazing value in this Triplex in the heart of the action. This building features (2) one bedroom units and a large two bedroom unit that are ready to go. This property is SURROUNDED by new construction and values have doubled over the last 2 years. This well-built triplex affords you option to place your own tenants in two of the units and the 3rd unit (the 2 bedroom) has a lease that will expire in June; this unit is currently rented for SIGNIFICANTLY less than market value. This home has all of the utilities separated for you and the comps are crazy.... the duplex 2 doors down sold for $543,000 in November. Don't sleep on this one as this is a homerun for BOTH an investor or someone who wants to live in one unit, rent the other 2 out, and basically live for free! Call me with any questions.
  • Special Features: None

Interior Features

  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3020

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: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • 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: 109545.00
  • Land Assessed Value: 53955.00
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1365.00
  • Zoning: RM1

Rental Info

  • Existing Lease Type: None
  • Rent Control: No
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1058675
  • School Tax: 1256.00
  • Tax Annual Amount: 2289.00
  • Assessor Parcel Number: 292183600
  • Tax Lot: 233
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 03/22/2019

Multi Family

  • Number Of Units Vacant: 2
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2019
Closed on
Mar 27, 2019
Sold by
Frank Flips Philly Llc
Bought by
Chan Jason
Seller's Agent
Andrew Dickinson
RE/MAX Aspire
Buyer's Agent
Ben Finelli
RE/MAX Ready
List Price
$449,000
Sold Price
$370,000
Premium/Discount to List
-$79,000
-17.59%
Current Estimated Value
$548,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,950
Avg. Annual Appreciation
5.22%
Original Mortgage
$277,500
Outstanding Balance
$247,416
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$265,051

Purchase Details

Closed on
Jan 10, 2019
Sold by
Huval Bruce T and Wattenmaker Steven
Bought by
Frank Flips Philly Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.8%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jan 2, 2008
Sold by
Abraham Art and Abraham Russell
Bought by
Wattenmaker Steven and Huval Bruce T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 15, 1999
Sold by
Goldberg Charles and Goldberg Pearl
Bought by
Abraham Arthur B
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
Chan Jason $370,000 Assured Settlement Services
Frank Flips Philly Llc $260,000 Mba Abstract Inc
Wattenmaker Steven $175,000 First American Title Ins Co
Abraham Arthur B $26,572 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chan Jason $277,500
Previous Owner Frank Flips Philly Llc $315,000
Previous Owner Wattenmaker Steven $200,000
Previous Owner Wattenmaker Steven $131,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2019 03/22/19 Sold $370,000 -7.5% --
02/15/2019 02/15/19 Pending -- -- --
01/31/2019 01/31/19 Price Changed $399,900 -10.9% --
01/10/2019 01/10/19 For Sale $449,000 -- --
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 $3,908 $381,700 $76,340 $305,360
2024 $3,908 $381,700 $76,340 $305,360
2023 $3,908 $279,200 $83,700 $195,500
2022 $3,908 $279,200 $83,700 $195,500
2021 $3,908 $0 $0 $0
2020 $3,908 $0 $0 $0
2019 $2,034 $0 $0 $0
2018 $2,289 $0 $0 $0
2017 $2,289 $0 $0 $0
2016 $2,289 $0 $0 $0
2015 $2,191 $0 $0 $0
2014 -- $163,500 $9,303 $154,197
2012 -- $9,696 $5,219 $4,477
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH509908

Bright MLS

APN: 292183600