NOT LISTED FOR SALE

317 N 41st St Philadelphia, PA 19104

West Powelton Neighborhood

Estimated Value: $242,000 - $344,000

0.04 Acre
$7,500,000 Price per Acre
1,685 Sq Ft Lot

Last Sold June 06, 2022

Last sale price $240,000

Est. 25% increase in value since last sale

Current estimated payment $1,626/month

About This Lot

As of June 2022

Ready for an investor- 2 Qualified Opportunity Zone (QOZ) multifamily development site FOR SALE in University City. 318-20 N Budd St plus 317 N 41st St. Can be bought as a package or separately! 318-20 N Budd St. is an existing 2 stories, double wide garage, boasting a 50 foot by 112 foot lot size with massive overhead doors, open space and huge ceiling height. Zoning and plans have been completed for 8 units plus parking! 317 N 41st is a shovel ready land that is approved for 3 residential units. These properties offer extremely close proximity to Penn and Drexel, and creates the opportunity to develop a valuable multi-unit building for student housing and generous rental revenue! Tremendous amount of new development taking place in the area including 3.0 University Place, Schuylkill Yards and the Science Center. In its current condition, the property does need work throughout, so please exhibit caution when showing the property and bring a flashlight.

Last Agent to Sell the Property

Michael McCann

mccann@mccannteam.com KW Empower License #AB049770L Listed on: 12/02/2021

KW Empower

Co-Listed By

Paul Chin

(267) 210-0488 pchin@mccannteam.com KW Empower

Last Buyer's Agent

Michael McCann

mccann@mccannteam.com KW Empower License #AB049770L Listed on: 12/02/2021

KW Empower

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $754

Lot Details

  • 1,685 Sq Ft Lot
  • Lot Dimensions are 25.00 x 67.39
  • Property is zoned RSA5

Community Details

  • No Home Owners Association
  • University City Subdivision

Listing and Financial Details

  • Tax Lot 193
  • Assessor Parcel Number 061211610

Property Details

Property Type

Land

Est. Annual Taxes

$754

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Sq Ft: 118.69

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.04
  • Lot Dimensions: 25.00 x 67.39
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1685.00
  • Zoning: RSA5
  • Farmland Preservation: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 414.00
  • Tax Annual Amount: 754.00
  • Assessor Parcel Number: 061211610
  • Tax Lot: 193
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 1998
Sold by
Redevelopment Authority Of The City Of P
Bought by
Hassan Osmon
Current Estimated Value
$300,000
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
Hassan Osmon $2,115 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2022 06/06/22 Sold $240,000 +20.0% --
01/31/2022 01/31/22 Pending -- -- --
12/02/2021 12/02/21 For Sale $200,000 -- --
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
2026 $578 $125,700 $125,700 --
2025 $578 $125,700 $125,700 --
2024 $578 $125,700 $125,700 --
2023 $578 $41,300 $41,300 $0
2022 $754 $41,300 $41,300 $0
2021 $755 $0 $0 $0
2020 $755 $0 $0 $0
2019 $755 $0 $0 $0
2018 $754 $0 $0 $0
2017 $755 $0 $0 $0
2016 $176 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $12,600 $12,600 $0
2012 -- $640 $640 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael McCann

    Seller's Agent in 2022

    Michael McCann

    KW Empower

    (215) 778-0901

    4 in this area

    1,640 Total Sales

    Michael McCann
    Section Image
  • Paul Chin

    Seller Co-Listing Agent in 2022

    Paul Chin

    KW Empower

    (267) 210-0488

    2 in this area

    122 Total Sales

    Paul Chin
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2050678

Bright MLS

APN: 061211610

Pennsylvania Philadelphia County Philadelphia 19104 West Powelton

317 N 41st St, Philadelphia, PA

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