NOT LISTED FOR SALE

Estimated Value: $132,000 - $136,000

-- Bed
-- Bath
1,260 Sq Ft
$106/Sq Ft Est. Value

Last Sold June 26, 2012

Last sale price $27,000 $21 Per Sq Ft

Est. 389% increase in value since last sale

Current estimated payment $903/month

121 Days on Market

Highlights

  • No HOA
  • 1-minute walk to Allegheny (Mfl)
  • Heating System Uses Gas
  • En-Suite Primary Bedroom

About This Home

As of June 2012

Totally Turnkey Investor special. Legal duplex, separate utilities. 1st floor unit is 1 bedroom 1 bath with a full unfinished basement and a nice back yard. 2nd floor is 2 bedroom 1 bath. Both tenants are long term tenants and pay $450 per month plus utilities including water. Rent could easily be raised to $550 for each unit. Property was purchased as an investment by Seller and has been priced to reflect property's condition, about which seller makes no representations or warranties. Seller is a licensed Pa loan originator and can offer very aggressive financing for qualified borrowers.This property can be bundled as a package deal with MLS # 6011746, 6011609, 6011647, 6010672, 6010709, 6011111, 6009758, 6009849, 6010306, 6010362, 6010421, 6012882, 6012717, 6012291, 6012286 as a complete package or various groupings.

Last Agent to Sell the Property

DEAN Machikas

RE/MAX Action Associates License #TREND:60035070 Listed on: 02/22/2012

Last Buyer's Agent

Sheri Rourke

HomeSmart Realty Advisors

HomeSmart Realty Advisors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $613

Year Built

  • Built in 1954

Lot Details

  • 900 Sq Ft Lot
  • Lot Dimensions are 15x60

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,260 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 264
  • Assessor Parcel Number 331343900

Community Details

Overview

  • No Home Owners Association
  • Kensington Subdivision

Building Details

  • Operating Expense $613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$613

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1954
  • Remarks Public: Totally Turnkey Investor special. Legal duplex, separate utilities. 1st floor unit is 1 bedroom 1 bath with a full unfinished basement and a nice back yard. 2nd floor is 2 bedroom 1 bath. Both tenants are long term tenants and pay $450 per month plus utilities including water. Rent could easily be raised to $550 for each unit. Property was purchased as an investment by Seller and has been priced to reflect property's condition, about which seller makes no representations or warranties. Seller is a licensed Pa loan originator and can offer very aggressive financing for qualified borrowers.This property can be bundled as a package deal with MLS # 6011746, 6011609, 6011647, 6010672, 6010709, 6011111, 6009758, 6009849, 6010306, 6010362, 6010421, 6012882, 6012717, 6012291, 6012286 as a complete package or various groupings.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1260
  • Living Area Sq Ft: 1260
  • Price Per Sq Ft: 31.67
  • Above Grade Finished Sq Ft: 1260
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3218

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • 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
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Improvement Assessed Value: 5458.00
  • Land Assessed Value: 1038.00
  • Land Use Code: U30
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15X60
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 900.00
  • Zoning: R10A

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1082761
  • Tax Annual Amount: 613.00
  • Assessor Parcel Number: 331343900
  • Tax Lot: 264
  • Tax Year: 2012
  • Close Date: 06/26/2012

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2012
Closed on
Jun 22, 2012
Sold by
Warnar Properties Llc
Bought by
J Preston Development Llc
Seller's Agent
DEAN Machikas
RE/MAX Action Associates
Buyer's Agent
Sheri Rourke
HomeSmart Realty Advisors
List Price
$57,500
Sold Price
$27,000
Premium/Discount to List
-$30,500
-53.04%
Current Estimated Value
$132,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,000
Avg. Annual Appreciation
11.92%

Purchase Details

Closed on
Jun 26, 2008
Sold by
Scolnick Robert
Bought by
Warnar Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$725,050
Interest Rate
6.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2006
Sold by
Federal National Mortgage Association
Bought by
Scolnick Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,100
Interest Rate
6.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2005
Sold by
Wright Harry
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 16, 2002
Sold by
Mcconnell John and Mcconnell Harry
Bought by
Wright Harry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,400
Interest Rate
7.08%
Mortgage Type
Commercial
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
J Preston Development Llc $27,000 None Available
Warnar Properties Llc $71,414 None Available
Scolnick Robert $29,000 None Available
Federal National Mortgage Association $13,200 None Available
Wright Harry $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J Preston Development Llc $145,000
Open J Preston Development Llc $1,754,700
Closed J Preston Development Llc $471,250
Previous Owner Warnar Properties Llc $725,050
Previous Owner Scolnick Robert $48,000
Previous Owner Scolnick Robert $26,100
Previous Owner Wright Harry $34,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2012 06/26/12 Sold $27,000 -53.0% $21 / Sq Ft
06/22/2012 06/22/12 Pending -- -- --
02/22/2012 02/22/12 For Sale $57,500 -- $46 / 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 $2,161 $131,700 $26,340 $105,360
2024 $2,161 $131,700 $26,340 $105,360
2023 $2,161 $154,400 $30,880 $123,520
2022 $689 $154,400 $30,880 $123,520
2021 $689 $0 $0 $0
2020 $689 $49,200 $7,380 $41,820
2019 $640 $0 $0 $0
2018 $0 $0 $0 $0
2017 $490 $0 $0 $0
2016 $146 $0 $0 $0
2015 $716 $0 $0 $0
2014 -- $53,400 $3,988 $49,412
2012 -- $6,496 $1,038 $5,458
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003856080

Bright MLS

APN: 331343900