NOT LISTED FOR SALE

Estimated Value: $185,000 - $419,000

-- Bed
1 Bath
1,247 Sq Ft
$238/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $240,000 $192 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,686/month

35 Days on Market

Highlights

  • Primary bedroom faces the bay
  • No HOA
  • Stainless Steel Appliances
  • Straight Thru Architecture
  • Upgraded Countertops
  • Eat-In Kitchen

About This Home

As of October 2020

Your search is over with the best of both worlds at 316 S. 56th St. between Spruce and Pine Sts. Working from home will never be a challenge again! This commercially zoned office space/storefront can be whatever your entrepreneurial heart desires. The first level can also be used as an oversize family or game room with electric fireplace to keep you extra cozy during Philly winters. Complete with new half bath with attached below level laundry and storage rooms. LG Graphite color washer & dryer included. 200 amp electrical service (all appliances & a/c s have dedicated electrical lines). Newly installed hardwired smoke detectors on all levels.Gorgeous upgrades including grey tone flooring and recessed lighting with dimmers. Open concept dining room and kitchen welcomes you on the second level. Kitchen has black stainless steel appliances, huge gray/black glass tile backsplash. Eat in kitchen includes upgraded grey cabinetry & counter tops with center island breakfast bar. Kitchen opens out on to a sunny deck area, great for BBQ s and summer entertaining! Third level boasts a truly Master bedroom which opens out to a settee balcony where you can view fireworks from Penns Landing unobstructed. Dim the recessed lighting and enjoy the evening. Master bedroom has an attached BONUS room! 2 additional bedrooms and full bathroom includes soak tub with walk-in shower to complete this upper level. Roof completely replaced in 8/2017 with balance of 12 year warranty included. New outdoor drain system completed 9/2019.Quick Access To Public Transportation Via Routes: 42, 21, G, & Market Frankford Line*This property qualifies for the University of Pennsylvania s UPENN Closing Cost Reduction Program (CCRP)

Last Agent to Sell the Property

Abigail Bridgeford

(215) 480-0557 gpsrd7@outlook.com Genuine Property Solutions Real Estate License #RM419603 Listed on: 07/06/2020

Last Buyer's Agent

Abigail Bridgeford

(215) 480-0557 gpsrd7@outlook.com Genuine Property Solutions Real Estate License #RM419603 Listed on: 07/06/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925 | Remodeled in 2019

Lot Details

  • 1,233 Sq Ft Lot
  • Lot Dimensions are 15.41 x 80.00
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Straight Thru Architecture
  • Masonry

Interior Spaces

  • 1,247 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Combination Dining and Living Room
  • ENERGY STAR Qualified Washer

Kitchen

  • Eat-In Kitchen
  • Six Burner Stove
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops

Bedrooms and Bathrooms

  • Primary bedroom faces the bay
  • Soaking Tub

Utilities

  • Cooling System Utilizes Natural Gas
  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 195
  • Assessor Parcel Number 604217601

Property Details

Home Type

Multi-Family

Year Built

Built in 1925 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Inclusions: Washer, dryer, refrigerator, dishwasher, oven, window treatments, ceiling fans and window air conditioners AS-IS
  • New Construction: No
  • Expected On Market: 2020-07-06
  • Year Built: 1925
  • Year Renovated: 2019
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Energy Star Clothes Washer, Energy Star Dishwasher, Washer - Front Loading, Stainless Steel Appliances, Six Burner Stove
  • Interior Amenities: Combination Dining/Living, Kitchen - Eat-In, Primary Bedroom - Bay Front, Recessed Lighting, Soaking Tub, Store/Office, Upgraded Countertops
  • Fireplace: No
  • Total Sq Ft: 1247
  • Living Area Sq Ft: 1247
  • Price Per Sq Ft: 192.46
  • Above Grade Finished Sq Ft: 1247
  • Above Grade Finished Area Units: Square Feet

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: Natural Gas
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Natural Gas Available, Electric Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 15.41 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1233.00
  • Property Condition: Very Good
  • Zoning: CMX2
  • Zoning Description: Home with an office/ store front.

Rental Info

  • Vacation Rental: No
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 7346786
  • Assessor Parcel Number: 604217601
  • Tax Lot: 195
  • 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
Jul 6, 2020
Closed on
Sep 24, 2020
Sold by
Ramsey Deborah A
Bought by
Williams Renee Michelle
Seller's Agent
Abigail Bridgeford
Genuine Property Solutions Real Estate
Buyer's Agent
Abigail Bridgeford
Genuine Property Solutions Real Estate
List Price
$240,000
Sold Price
$240,000
Current Estimated Value
$297,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,295
Avg. Annual Appreciation
4.29%
Original Mortgage
$10,000
Outstanding Balance
$7,100
Interest Rate
2.34%
Mortgage Type
New Conventional
Estimated Equity
$290,195

Purchase Details

Closed on
Mar 20, 1992
Bought by
Ramsey David L and Ramsey Deborah A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Williams Renee Michelle $240,000 Suburban Abstract Agency Inc
Ramsey David L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Renee Michelle $10,000
Previous Owner Williams Renee Michelle $235,653
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $240,000 0.0% $192 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
07/06/2020 07/06/20 Off Market $240,000 -- --
07/06/2020 07/06/20 For Sale $240,000 -- $192 / 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
2026 $1,461 $292,300 $58,460 $233,840
2025 $1,461 $292,300 $58,460 $233,840
2024 $1,461 $292,300 $58,460 $233,840
2023 $1,461 $104,400 $20,800 $83,600
2022 $1,181 $104,400 $20,800 $83,600
2021 $1,181 $84,400 $12,660 $71,740
2020 $1,279 $0 $0 $0
2019 $1,279 $0 $0 $0
2018 $1,279 $0 $0 $0
2017 -- $0 $0 $0
2016 -- $0 $0 $0
2015 -- $0 $0 $0
2014 -- $68,300 $6,051 $62,249
2012 -- $6,720 $1,571 $5,149
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH910724

Bright MLS

APN: 604217601