NOT LISTED FOR SALE

305 E Walnut Ln Philadelphia, PA 19144

East Germantown Neighborhood

Estimated Value: $420,000 - $610,000

2 Beds
1 Bath
4,270 Sq Ft
$122/Sq Ft Est. Value

Last Sold June 07, 2017

Last sale price $311,000 $73 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $3,143/month

Highlights

  • 0.24 Acre Lot
  • En-Suite Primary Bedroom
  • Heating System Uses Gas
  • No HOA
  • Laundry Facilities

About This Home

As of June 2017

Stone single on large, conveniently located corner lot comprised of 6 units with separately metered utilities, this property is ready to cash flow for you. Many repairs were done in the past year including utilities, some kitchens, flooring, leaking roof, and plumbing. There is an additional office that could be converted into a 7th unit. Lots of new development in the area including former Cunningham Piano building, the new Waldorf school, and a fantastic demand for rental units. Shared coin operated laundry is convenient for tenants and management. An accurate pro-forma can be provided upon request, please allow 24 hours notice as it is tenant occupied.

Last Agent to Sell the Property

Nick Petryszyn

(856) 816-3769 nickp@phlbxb.com KW Empower License #RS323767 Listed on: 10/24/2016

KW Empower

Last Buyer's Agent

Stuart Cohen

(215) 275-0800 scohen@mccannteam.com KW Empower License #RS154730A

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,018

Year Built

  • Built in 1910

Lot Details

  • 10,500 Sq Ft Lot
  • Lot Dimensions are 70x150

Parking

  • On-Street Parking

Home Design

  • Stone Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 4,270 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 42
  • Assessor Parcel Number 592073300

Community Details

Overview

  • No Home Owners Association
  • Germantown Subdivision

Additional Features

  • Laundry Facilities
  • Operating Expense $1,018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,018

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Common
  • Total Sq Ft: 4270
  • Living Area Sq Ft: 4270
  • Price Per Sq Ft: 87.82
  • Above Grade Finished Sq Ft: 4270
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stone
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 50890.00
  • Land Assessed Value: 21810.00
  • Lot Size Acres: 0.24
  • Lot Dimensions: 70X150
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10500.00
  • Zoning: RSA2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 51015.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6

Tax Info

  • Assessor Parcel Number: 1319470
  • Tax Annual Amount: 1018.00
  • Assessor Parcel Number: 592073300
  • Tax Lot: 42
  • Tax Year: 2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2016
Closed on
Jun 5, 2017
Sold by
Mcwlnut Lp
Bought by
Walnut Lane Realty Partners Llc
Seller's Agent
Nick Petryszyn
KW Empower
Buyer's Agent
Stuart Cohen
KW Empower
List Price
$400,000
Sold Price
$311,000
Premium/Discount to List
-$89,000
-22.25%
Current Estimated Value
$520,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,221
Avg. Annual Appreciation
6.32%
Original Mortgage
$240,000
Outstanding Balance
$199,794
Interest Rate
4.05%
Mortgage Type
Commercial
Estimated Equity
$320,427

Purchase Details

Listed on
Jun 23, 2015
Closed on
Oct 13, 2015
Sold by
Curry Janette L
Bought by
Mcwalnut Lp
Seller's Agent
ROY L. HOLLINGER
RE/MAX Regency Realty
Buyer's Agent
Nick Petryszyn
KW Empower
List Price
$275,000
Sold Price
$203,000
Premium/Discount to List
-$72,000
-26.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.50%
Original Mortgage
$272,600
Interest Rate
3.88%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 12, 1998
Sold by
Pinard Carol D
Bought by
Curry Janette L

Purchase Details

Closed on
Nov 20, 1995
Sold by
Green John D
Bought by
Pinard Carol D
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
Walnut Lane Realty Partners Llc $311,000 Allstate Search & Abstract C
Mcwalnut Lp $203,000 None Available
Curry Janette L $10,000 --
Pinard Carol D $11,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walnut Lane Realty Partners Llc $240,000
Previous Owner Mcwalnut Lp $272,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/07/2017 06/07/17 Sold $311,000 0.0% $73 / Sq Ft
03/22/2017 03/22/17 Rented $800 0.0% --
03/22/2017 03/22/17 Under Contract -- -- --
03/08/2017 03/08/17 Pending -- -- --
12/15/2016 12/15/16 For Rent $800 0.0% --
10/24/2016 10/24/16 For Sale $400,000 +97.0% $94 / Sq Ft
10/13/2015 10/13/15 Sold $203,000 -26.2% $48 / Sq Ft View Prior Sale
07/21/2015 07/21/15 Pending -- -- --
06/23/2015 06/23/15 For Sale $275,000 -- $64 / 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 $5,039 $438,700 $87,740 $350,960
2024 $5,039 $438,700 $87,740 $350,960
2023 $5,039 $360,000 $72,000 $288,000
2022 $3,638 $360,000 $72,000 $288,000
2021 $3,638 $0 $0 $0
2020 $3,638 $0 $0 $0
2019 $780 $0 $0 $0
2018 $1,018 $0 $0 $0
2017 $1,018 $0 $0 $0
2016 $1,018 $0 $0 $0
2015 $974 $0 $0 $0
2014 -- $72,700 $67,988 $4,712
2012 -- $16,000 $13,172 $2,828
Source: Public Records

Agents Affiliated with this Home

  • Nick Petryszyn

    Seller's Agent in 2017

    Nick Petryszyn

    KW Empower

    (856) 816-3769

    4 in this area

    66 Total Sales

    Nick Petryszyn
    Section Image
  • David Foster

    Seller's Agent in 2017

    David Foster

    Integrity Real Estate Services

    (215) 779-2862

    5 in this area

    84 Total Sales

    David Foster
    Section Image
  • Stuart Cohen

    Buyer's Agent in 2017

    Stuart Cohen

    KW Empower

    (215) 275-0800

    1 in this area

    159 Total Sales

    Stuart Cohen
    Section Image
  • ROY L. HOLLINGER

    Seller's Agent in 2015

    ROY L. HOLLINGER

    RE/MAX

    (267) 231-7969

    68 Total Sales

    ROY L. HOLLINGER
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003634167

Bright MLS

APN: 592073300

Pennsylvania Philadelphia County Philadelphia 19144 East Germantown

305 E Walnut Ln, Philadelphia, PA

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