Seller's Agent in 2024
Stephen Kennedy
KW Empower
(267) 614-3033
20 in this area
392 Total Sales
356 E Walnut Ln Philadelphia, PA 19144
East Germantown NeighborhoodEstimated Value: $247,000 - $267,000
Studio
3
Baths
1,569
Sq Ft
$164/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Ceiling height of 9 feet or more
- Electric Baseboard Heater
- Ceramic Tile Flooring
- Forced Air Heating System
- Replacement Windows
About This Home
As of April 2024Calling all turnkey and or value add investors! Legal triplex consisting of three large 1 bedroom and 1 bathroom units is now available! Property features separate utility, quality tenants and plenty of room to add value via cosmetic updates and rents. In addition, it is perfectly situated near large capital investment and an abundance of public transportation including but not limited to Broad Street, Roosevelt Boulevard, 76 and 95 which will make the commute a breeze. So what are you waiting for? This property could generate as much as $2850 a month, $600+ in cash flow, 10% cap rate and 10% cash on cash return but hurry and schedule your appointment today before it's too late!
Last Agent to Sell the Property
(267) 614-3033 stephenkennedy@kw.com KW Empower Listed on: 12/19/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,672
Year Built
- Built in 1910
Lot Details
- 1,598 Sq Ft Lot
- Property is in average condition
Parking
- On-Street Parking
Home Design
- Triplex
- Traditional Architecture
- Flat Roof Shape
- Rubber Roof
Interior Spaces
- 1,569 Sq Ft Home
- Ceiling height of 9 feet or more
- Replacement Windows
- Six Panel Doors
Flooring
- Ceramic Tile
- Luxury Vinyl Plank Tile
Utilities
- Forced Air Heating System
- Electric Baseboard Heater
- 100 Amp Service
- Electric Water Heater
Listing and Financial Details
- Tax Lot 120
- Assessor Parcel Number 592062200
Community Details
Overview
- 3 Units
- Germantown Subdivision
Building Details
- 1 Vacant Unit
- Income includes apartment rentals
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 19, 2023
Closed on
Mar 21, 2024
Sold by
Anderson Valerie
Bought by
Pure Property Group Llc
Seller's Agent
Stephen Kennedy
KW Empower
Buyer's Agent
Amira Coleman
Compass RE
List Price
$249,999
Sold Price
$220,000
Premium/Discount to List
-$29,999
-12%
Views
159
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,943
Avg. Annual Appreciation
9.35%
Original Mortgage
$176,000
Outstanding Balance
$173,055
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$84,888
Purchase Details
Listed on
Apr 23, 2020
Closed on
May 4, 2020
Sold by
Grossman Holdings Llc
Bought by
Anderson Valerie
Seller's Agent
Leron Grossman
Victory Real Estate, LLC
Buyer's Agent
Sam Akif
Keller Williams Main Line
List Price
$200,000
Sold Price
$200,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.46%
Purchase Details
Listed on
Apr 3, 2017
Closed on
Sep 15, 2017
Sold by
Glf Residential Investments L L C
Bought by
Grossman Holdings Llc
Seller's Agent
Greg Moton
RBF Real Estate, LLC.
Buyer's Agent
Leron Grossman
Victory Real Estate, LLC
List Price
$190,000
Sold Price
$138,000
Premium/Discount to List
-$52,000
-27.37%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.09%
Original Mortgage
$105,000
Interest Rate
3.89%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 11, 2010
Sold by
Solomon Donald
Bought by
Gfl Residential Investments Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.57%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Mar 5, 2008
Sold by
Wachovia Bank Na
Bought by
Solomon Donald
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.76%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 6, 2006
Sold by
Dawkins Leslie L and Chase Manhattan Bank Usa Na
Bought by
Wachovia Bank Na and First Union National Bank
Purchase Details
Closed on
Dec 2, 1995
Sold by
Dawkins Harvey E and Dawkins Leslie L
Bought by
Dawkins Leslie L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pure Property Group Llc | $220,000 | Trident Land Transfer | |
| Anderson Valerie | $200,000 | City Abstract Llc | |
| Grossman Holdings Llc | $138,000 | Congressional Abstract Co Ll | |
| Gfl Residential Investments Llc | $120,000 | None Available | |
| Solomon Donald | $63,000 | None Available | |
| Wachovia Bank Na | $65,900 | None Available | |
| Dawkins Leslie L | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pure Property Group Llc | $176,000 | |
| Previous Owner | Grossman Holdings Llc | $105,000 | |
| Previous Owner | Gfl Residential Investments Llc | $135,000 | |
| Previous Owner | Solomon Donald | $110,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/05/2024 04/05/24 | Sold | $220,000 | -6.0% | $140 / Sq Ft | |
| 02/08/2024 02/08/24 | Price Changed | $234,000 | -6.4% | $149 / Sq Ft | |
| 02/08/2024 02/08/24 | For Sale | $249,999 | 0.0% | $159 / Sq Ft | |
| 12/30/2023 12/30/23 | Pending | -- | -- | -- | |
| 12/19/2023 12/19/23 | For Sale | $249,999 | +25.0% | $159 / Sq Ft | |
| 05/05/2020 05/05/20 | Sold | $200,000 | 0.0% | $127 / Sq Ft | View Prior Sale |
| 04/29/2020 04/29/20 | Rented | $900 | 0.0% | -- | |
| 04/24/2020 04/24/20 | Pending | -- | -- | -- | |
| 04/23/2020 04/23/20 | For Sale | $200,000 | 0.0% | $127 / Sq Ft | |
| 03/12/2020 03/12/20 | For Rent | $900 | 0.0% | -- | |
| 09/15/2017 09/15/17 | Sold | $138,000 | -16.4% | $88 / Sq Ft | View Prior Sale |
| 08/20/2017 08/20/17 | Pending | -- | -- | -- | |
| 07/10/2017 07/10/17 | Price Changed | $165,000 | -8.3% | $105 / Sq Ft | |
| 06/04/2017 06/04/17 | Price Changed | $180,000 | -5.3% | $115 / Sq Ft | |
| 04/03/2017 04/03/17 | For Sale | $190,000 | -- | $121 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,672 | $248,900 | $49,780 | $199,120 |
| 2025 | $2,672 | $248,900 | $49,780 | $199,120 |
| 2024 | $2,672 | $248,900 | $49,780 | $199,120 |
| 2023 | $2,672 | $190,900 | $38,180 | $152,720 |
| 2022 | $1,477 | $190,900 | $38,180 | $152,720 |
| 2021 | $1,477 | $0 | $0 | $0 |
| 2020 | $1,477 | $0 | $0 | $0 |
| 2019 | $1,457 | $0 | $0 | $0 |
| 2018 | $1,691 | $0 | $0 | $0 |
| 2017 | $1,691 | $0 | $0 | $0 |
| 2016 | $1,691 | $0 | $0 | $0 |
| 2015 | $1,619 | $0 | $0 | $0 |
| 2014 | -- | $120,800 | $10,350 | $110,450 |
| 2012 | -- | $14,272 | $2,144 | $12,128 |
Source: Public Records
Agents Affiliated with this Home
-
Stephen Kennedy
-
Amira Coleman
Buyer's Agent in 2024
Amira Coleman
Compass RE
(267) 334-0686
1 in this area
19 Total Sales
-
George Maynes
Buyer Co-Listing Agent in 2024
George Maynes
BHHS Fox & Roach
(215) 317-3007
2 in this area
325 Total Sales
-
Leron Grossman
Seller's Agent in 2020
Leron Grossman
Victory Real Estate, LLC
(215) 709-7676
6 in this area
72 Total Sales
-
Jana Slivova
Seller's Agent in 2020
Jana Slivova
Keller Williams Main Line
(215) 834-6972
3 in this area
38 Total Sales
-
Sam Akif
Buyer's Agent in 2020
Sam Akif
Keller Williams Main Line
(215) 617-6142
9 in this area
113 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2306680
APN: 592062200
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