NOT LISTED FOR SALE

Estimated Value: $447,000 - $1,322,000

-- Bed
6 Baths
1,998 Sq Ft
$480/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $870,000 $435 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,681/month

About This Home

As of November 2023

Brand new 3 unit building in the a prime block near Drexel University. This building has been fully gutted with all new mechanicals, plumbing, electrical, etc. Unit 1 is a bi-level 4bed/3bath with a private backyard rented for $3,200/M. Unit 2 is a 2bed/2bath rented for $1,600/M and unit 3 is a 2bed/2bath with a private roofdeck rented for $1,700/M. All leases are new and go through the end of the academic year. This sale comes with :
-10 years tax abatement
- 1 year builder's warranty
- 1 year of free management
This investments delivers great cashflow and years of appreciation in an area that is experiencing tons of residential and commercial developments. It is only few steps away from Drexel's campus and art museum area, with easy access to I-76, Drexel Park, kelly drive for running, biking along the Schuylkill River, 30th st station and more. Act fast.

Last Agent to Sell the Property

Reda Akbil

Compass RE License #RS337002 Listed on: 10/19/2023

Compass RE

Co-Listed By

Eman Elkalban

Compass RE

Last Buyer's Agent

Steven Eckell

Coldwell Banker Realty License #AB065133

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,522

Year Built

  • Built in 1935 | Remodeled in 2023

Lot Details

  • 1,191 Sq Ft Lot
  • Lot Dimensions are 16.00 x 75.00

Home Design

  • 1,998 Sq Ft Home
  • Triplex
  • Masonry

Utilities

  • 90% Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 82
  • Assessor Parcel Number 242030200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,522

Year Built

Built in 1935 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-10-19
  • Year Built: 1935
  • Year Renovated: 2023
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Stories: 0

Interior Features

  • Fireplace: No
  • Total Sq Ft: 1998
  • Living Area Sq Ft: 1998
  • Price Per Sq Ft: 447.95
  • Above Grade Finished Sq Ft: 1998
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3108

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • 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

  • Land Use Code: O50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 75.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1191.00
  • Year Assessed: 2023
  • Zoning: RM1

Rental Info

  • Rent Control: No
  • Total Actual Rent: 78000.00
  • Units Furnished: Some
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 3030.00
  • Tax Annual Amount: 5522.00
  • Assessor Parcel Number: 242030200
  • Tax Lot: 82
  • Tax Total Finished Sq Ft: 1998
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/17/2023

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2023
Closed on
Nov 17, 2023
Sold by
Owner R Llc
Bought by
Penn Realtor Llc
Seller's Agent
Reda Akbil
Compass RE
Buyer's Agent
Steven Eckell
Coldwell Banker Realty
List Price
$895,000
Sold Price
$870,000
Premium/Discount to List
-$25,000
-2.79%
Views
10
Current Estimated Value
$958,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,227
Avg. Annual Appreciation
2.17%

Purchase Details

Closed on
Aug 30, 2022
Sold by
Kevin Wingfield
Bought by
Owner R Llc

Purchase Details

Closed on
Feb 6, 2019
Sold by
Martin Tracey and The Estate Of Archie Gilliam
Bought by
Malik Wingfield Kevin and Malik Martin

Purchase Details

Closed on
Nov 19, 2018
Sold by
Gilliam Lorraine E and The Estate Of Carrie Mae Gilli
Bought by
Gilliam Lorraine E

Purchase Details

Closed on
Aug 2, 1973
Bought by
Archie Gilliam and Archie Carrie
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
Penn Realtor Llc $870,000 Title Services
Owner R Llc $261,000 --
Malik Wingfield Kevin -- None Available
Gilliam Lorraine E -- None Available
Archie Gilliam $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Owner R Llc $2,882,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2023 11/17/23 Sold $870,000 -2.8% $435 / Sq Ft
10/19/2023 10/19/23 For Sale $895,000 -- $448 / 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 $5,522 $1,219,700 $243,940 $975,760
2024 $5,522 $1,219,700 $243,940 $975,760
2023 $5,522 $394,500 $78,900 $315,600
2022 $2,823 $349,500 $78,900 $270,600
2021 $3,453 $0 $0 $0
2020 $3,453 $0 $0 $0
2019 $3,325 $0 $0 $0
2018 -- $0 $0 $0
2017 $3,439 $0 $0 $0
2016 -- $0 $0 $0
2015 -- $0 $0 $0
2014 -- $245,700 $10,959 $234,741
2012 -- $10,880 $987 $9,893
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2286806

Bright MLS

APN: 242030200