NOT LISTED FOR SALE

Estimated Value: $566,968 - $624,000

-- Bed
4 Baths
2,500 Sq Ft
$235/Sq Ft Est. Value

Last Sold July 16, 2020

Last sale price $500,000 $200 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,210/month

Highlights

  • City View
  • Wood Flooring
  • Central Heating and Cooling System
  • Contemporary Architecture
  • No HOA
  • Property is in very good condition

About This Home

As of July 2020

Stately navy duplex located in Phillys blossoming Strawberry Mansion enclave just off Fairmount Park. Two totally renovated units plus parking for multiple cars. 2500 total SF of open concept high design interiors. Unit 1 is a 3bd x 2ba. Unit 2 is a 2bd x 2.5ba. Both units are bilevel with about 1200 SF each. 7.41 per cent pro forma cap rate. Boost rents - substantial rental upside with minimal effort/expenditures. 6+ years left on the tax abatement. Extremely low OPEX. Rent growth and appreciation forecast for years to come in this emerging area. Additional comparable property available to package; inquire within for more info. Make your move!

Last Agent to Sell the Property

Ryan McManus

ryan@agentphl.com Keller Williams Liberty Place Listed on: 04/13/2020

Last Buyer's Agent

Adam Feine

(215) 435-2544 adamfeine@gmail.com Keller Williams Main Line License #2076799

Keller Williams Main Line

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $682

Year Built

  • Built in 1915

Lot Details

  • 1,454 Sq Ft Lot
  • Lot Dimensions are 16.16 x 90.00
  • Property is in very good condition

Home Design

  • Duplex
  • Contemporary Architecture
  • Masonry

Interior Spaces

  • 2,500 Sq Ft Home
  • Wood Flooring
  • City Views
  • Finished Basement

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 324067600

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Strawberry Mansion Subdivision

Building Details

  • Net Operating Income $37,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$682

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1915
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2500
  • Living Area Sq Ft: 2500
  • Price Per Sq Ft: 200.00
  • Above Grade Finished Sq Ft: 2500
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 1034.00
  • Land Assessed Value: 47700.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.16 x 90.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1454.00
  • Property Condition: Very Good
  • Zoning: RSA5

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1078590
  • School Tax: 374.00
  • Tax Annual Amount: 682.00
  • Assessor Parcel Number: 324067600
  • Tax Lot: 101
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2020
Closed on
Jun 26, 2020
Sold by
Taylor William J
Bought by
Ogunmefun Abosede
Seller's Agent
Ryan McManus
Keller Williams Liberty Place
Buyer's Agent
Adam Feine
Keller Williams Main Line
List Price
$499,999
Sold Price
$500,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
$587,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,989
Avg. Annual Appreciation
3.11%
Original Mortgage
$490,943
Outstanding Balance
$436,144
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$151,845

Purchase Details

Closed on
Oct 22, 2015
Sold by
Jnc Properties Llc
Bought by
Taylor William J

Purchase Details

Closed on
Dec 30, 2005
Sold by
Cooper Gale D and Estate Of Herman David
Bought by
Jnc Properties Llc
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
Ogunmefun Abosede $500,000 Trident Land Transfer Co Lp
Taylor William J $15,000 None Available
Jnc Properties Llc $23,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ogunmefun Abosede $490,943
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2020 07/16/20 Sold $500,000 0.0% $200 / Sq Ft
05/24/2020 05/24/20 Pending -- -- --
05/14/2020 05/14/20 Price Changed $500,000 0.0% $200 / Sq Ft
04/13/2020 04/13/20 For Sale $499,999 -- $200 / 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 $1,588 $388,800 $77,760 $311,040
2024 $1,588 $388,800 $77,760 $311,040
2023 $1,588 $545,700 $109,100 $436,600
2022 $682 $113,466 $109,100 $4,366
2021 $682 $0 $0 $0
2020 $682 $0 $0 $0
2019 $660 $0 $0 $0
2018 $283 $0 $0 $0
2017 $283 $0 $0 $0
2016 $283 $0 $0 $0
2015 $243 $0 $0 $0
2014 -- $18,100 $6,690 $11,410
2012 -- $1,696 $522 $1,174
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH888460

Bright MLS

APN: 324067600