NOT LISTED FOR SALE

35 N Preston St Philadelphia, PA 19104

West Powelton Neighborhood

Estimated Value: $564,000 - $661,683

-- Bed
-- Bath
-- Sq Ft
1,600 Sq Ft Lot

Last Sold July 31, 2018

Last sale price $419,000

Est. 49% increase in value since last sale

Current estimated payment $3,951/month

Highlights

  • No HOA
  • 3-minute walk to 40Th Street
  • Heating System Uses Gas
  • En-Suite Primary Bedroom

About This Home

As of July 2018

Cosmetically renovated in 2014! This original triplex is fully rented and producing a positive cash flow. The current rents are solid for the surrounding area and secure through 2018. All three units share the same features: Laminate floors, original woodwork, 4-piece kitchens, gas heating systems, newer windows, shared roof deck and laundry. First floor apartment also has separate entrance to rear yard. The utilities are completely separated and the building has 200 AMP service and fire alarm system. Water is paid for by the owner. The property is conveniently located within easy walking distance of the hospitals and Drexel University. The area is also loaded with restaurants and coffee shops. There are numerous public transportation options within 3-4 blocks and there is ample parking in the area. The Walk Score and bike score is extremely high, respectively. With a positive cash flow and fully renovated features, this property is great addition to any portfolio. Please note that this property priced to sell As-Is and without warranty. Owner will not make any additional repairs.

Last Agent to Sell the Property

Ryan Spak

(215) 439-0192 ryanspak.realtymark@gmail.com Realty Mark Associates-CC License #RS-277345-L Listed on: 06/04/2018

Realty Mark Associates-CC

Last Buyer's Agent

Ryan Andrews

(215) 852-3780 ryanrealtor123@gmail.com RE/MAX One Realty License #RS-271120-L

RE/MAX One Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,245

Year Built

  • Built in 1933

Lot Details

  • 1,600 Sq Ft Lot
  • Lot Dimensions are 16x100

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Electric Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Laundry in unit
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Lot 67
  • Assessor Parcel Number 061181300

Community Details

Overview

  • No Home Owners Association
  • Powelton Village Subdivision

Building Details

  • Electric Expense $420
  • Insurance Expense $1,506
  • Other Expense $465
  • Operating Expense $5,416

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,245

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 465.00
  • Year Built: 1933
  • Remarks Public: Cosmetically renovated in 2014! This original triplex is fully rented and producing a positive cash flow. The current rents are solid for the surrounding area and secure through 2018. All three units share the same features: Laminate floors, original woodwork, 4-piece kitchens, gas heating systems, newer windows, shared roof deck and laundry. First floor apartment also has separate entrance to rear yard. The utilities are completely separated and the building has 200 AMP service and fire alarm system. Water is paid for by the owner. The property is conveniently located within easy walking distance of the hospitals and Drexel University. The area is also loaded with restaurants and coffee shops. There are numerous public transportation options within 3-4 blocks and there is ample parking in the area. The Walk Score and bike score is extremely high, respectively. With a positive cash flow and fully renovated features, this property is great addition to any portfolio. Please note that this property priced to sell As-Is and without warranty. Owner will not make any additional repairs.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Washer In Unit
  • Price Per Sq Ft: 220.54
  • Street Number Modifier: 35

Exterior Features

  • Construction Materials: Brick
  • 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
  • Cooling Type: Wall Unit
  • Electric Expense: 420.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 780.00
  • 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: 136340.00
  • Land Assessed Value: 24060.00
  • Land Use Code: U50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1600.00
  • Zoning: RSA5

Green Features

  • Green Remarks: Please note that this property priced to sell without warranty. Owner will not make any additional repairs.

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 39000.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 911505
  • Tax Annual Amount: 2245.00
  • Assessor Parcel Number: 061181300
  • Tax Lot: 67
  • Tax Year: 2018
  • Close Date: 07/31/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2018
Closed on
Aug 1, 2018
Sold by
Desalvo Llc
Bought by
Harbuck Elizabeth and Gutierrez Roberto Burgos
Seller's Agent
Ryan Spak
Realty Mark Associates-CC
Buyer's Agent
Ryan Andrews
RE/MAX One Realty
List Price
$419,900
Sold Price
$419,000
Premium/Discount to List
-$900
-0.21%
Current Estimated Value
$625,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,894
Avg. Annual Appreciation
5.70%
Original Mortgage
$356,150
Outstanding Balance
$309,302
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$316,592

Purchase Details

Closed on
Dec 24, 2013
Sold by
Desalvo Daniel
Bought by
Desalvo Llc

Purchase Details

Closed on
Aug 28, 2008
Sold by
Coba Inc
Bought by
Desalvo Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,112
Interest Rate
6.54%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 18, 2006
Sold by
Mother Enterprises Llc
Bought by
Coba Inc

Purchase Details

Closed on
Aug 25, 1999
Sold by
Chaudhri Ikram
Bought by
Mother Enterprises Llc

Purchase Details

Closed on
Aug 19, 1997
Sold by
Chaudhri Irfan I
Bought by
Chaudhri Ikram
Source: Public Records

Range of Values:

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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
Harbuck Elizabeth $419,000 None Available
Desalvo Llc -- None Available
Desalvo Daniel $145,000 None Available
Coba Inc $75,000 None Available
Mother Enterprises Llc $10,000 --
Chaudhri Ikram -- Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harbuck Elizabeth $356,150
Previous Owner Desalvo Daniel $171,112
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2018 07/31/18 Sold $419,000 -0.2% --
06/04/2018 06/04/18 For Sale $419,900 -- --
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 $8,022 $778,500 $155,700 $622,800
2024 $8,022 $778,500 $155,700 $622,800
2023 $8,022 $573,100 $114,620 $458,480
2022 $3,017 $573,100 $114,620 $458,480
2021 $3,017 $0 $0 $0
2020 $3,017 $0 $0 $0
2019 $2,905 $0 $0 $0
2018 $2,245 $0 $0 $0
2017 $2,245 $0 $0 $0
2016 $2,245 $0 $0 $0
2015 $2,149 $0 $0 $0
2014 -- $160,400 $12,028 $148,372
2012 -- $6,176 $1,640 $4,536
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Ryan Spak

    Realty Mark Associates-CC

    (215) 439-0192

    12 Total Sales

    Ryan Spak
    Section Image
  • Ryan Andrews

    Buyer's Agent in 2018

    Ryan Andrews

    RE/MAX

    (215) 852-3780

    121 Total Sales

    Ryan Andrews
    Section Image
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Map

Source: Bright MLS

MLS Number: 1004191158

Bright MLS

APN: 061181300

Pennsylvania Philadelphia County Philadelphia 19104 West Powelton

35 N Preston St, Philadelphia, PA

This home is located at 35 N Preston St, Philadelphia, PA 19104 since 04 June 2018 and is currently estimated at $625,894. This property was built in 1933. 35 N Preston St is a home located in Philadelphia County with nearby schools including Alain Locke School, West Philadelphia High School, and The City School at Spruce Hill.

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