Seller's Agent in 2017
Michael Phillips
Compass RE
(609) 412-4826
75 Total Sales
3602 Powelton Ave Philadelphia, PA 19104
Powelton Village NeighborhoodEstimated Value: $704,000 - $2,012,090
--
Bed
5
Baths
3,150
Sq Ft
$431/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 1-minute walk to Lancaster Ave & 36Th St
- En-Suite Primary Bedroom
- No HOA
- Security Gate
- Forced Air Heating and Cooling System
About This Home
As of October 2017Investor alert!! Construction completed and all three units now leased! Do not miss out on an over 7 percent cap rate for this newly renovated triplex in the Powelton Village area of University City. $100k plus in gross rents, 10 year tax abatement and signed leases! Old meets new in this completely renovated and converted Victorian mansion in the historically admired Powelton Village! This historic building was renovated to provide private outdoor space with each apartment, a pet grooming station in basement, shared rear yard, full floor apartments, additional private storage, restored stain glass vestibule entrance, and a revitalized front porch. All within blocks of University of Pennsylvania Hospital, Penn Medicine facilities, Penn Presby, CHOP, Drexel University, Science Center, uCity Square, the Art Museum Area, Kelly Drive, Schuykill River Trail, 30th Street Station and much more. Classic detail inside and out mixes seamlessly with modern design and convenience. Each unit includes open concept design, outdoor space for entertaining, split bedroom layout with private master suite, sprawling designer kitchen with island seating, stainless steel appliances, high efficiency washer/dryer, Grohe kitchen and bathroom fixtures, wide plank wood floors and sleek European tile, warm and stylish lighting and high ceilings. Easy to street park nearby! Ideal University City location will make this one easy to rent for years! Reap the benefits of this cash cow with tremendous appreciation potential!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,549
Year Built
- Built in 1915
Lot Details
- 3,000 Sq Ft Lot
- Lot Dimensions are 25x120
- Sprinkler System
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Brick Exterior Construction
- Stone Siding
Interior Spaces
- En-Suite Primary Bedroom
- 3,150 Sq Ft Home
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Security Gate
- Laundry in unit
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 48
- Assessor Parcel Number 241077600
Community Details
Overview
- No Home Owners Association
- Powelton Village Subdivision
Building Details
- Insurance Expense $1,236
- Operating Expense $5,785
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 22, 2022
Sold by
Pan Wen Qing
Bought by
Pan Wen Qin
Current Estimated Value
Purchase Details
Listed on
Apr 25, 2017
Closed on
Oct 6, 2017
Sold by
3602 Powelton Lop
Bought by
Pan Wen Qing and Pan Wen Qin
Seller's Agent
Michael Phillips
Compass RE
Buyer's Agent
Eileen Lin
Canaan Realty Investment Group
List Price
$1,275,000
Sold Price
$1,155,000
Premium/Discount to List
-$120,000
-9.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.45%
Original Mortgage
$920,000
Interest Rate
3.82%
Mortgage Type
Commercial
Purchase Details
Listed on
Jul 29, 2015
Closed on
Oct 12, 2015
Sold by
Donnelly Joy A and Sandberg Tracy A
Bought by
3602 Powelton Lp
Seller's Agent
David Reid
Homestarr Realty
Buyer's Agent
David Reid
Homestarr Realty
List Price
$325,000
Sold Price
$325,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.73%
Original Mortgage
$775,000
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
May 9, 2011
Sold by
Donnelly Joy A and Joy A Donnelly Trust
Bought by
Donnelly Joy A
Purchase Details
Closed on
Aug 17, 2010
Sold by
Donnelly Joy A
Bought by
Donnelly Joy A and Joy A Donnelly Trust
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 |
|---|---|---|---|
| Pan Wen Qin | -- | -- | |
| Pan Wen Qing | $1,159,500 | Statewide Abstract Group Inc | |
| 3602 Powelton Lp | $325,000 | None Available | |
| Donnelly Joy A | -- | None Available | |
| Donnelly Joy A | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Pan Wen Qing | $920,000 | |
| Previous Owner | 3602 Powelton L P | $25,000 | |
| Previous Owner | 3602 Powelton Lp | $775,000 | |
| Previous Owner | Donnelly Joy A | $110,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2017 10/06/17 | Sold | $1,155,000 | -7.2% | $367 / Sq Ft |
| 07/20/2017 07/20/17 | Pending | -- | -- | -- |
| 07/05/2017 07/05/17 | Price Changed | $1,245,000 | -0.4% | $395 / Sq Ft |
| 06/30/2017 06/30/17 | Price Changed | $1,250,000 | -2.7% | $397 / Sq Ft |
| 05/15/2017 05/15/17 | Price Changed | $1,285,000 | +0.8% | $408 / Sq Ft |
| 04/25/2017 04/25/17 | For Sale | $1,275,000 | 0.0% | $405 / Sq Ft |
| 03/11/2017 03/11/17 | Rented | $2,750 | 0.0% | -- |
| 03/11/2017 03/11/17 | Under Contract | -- | -- | -- |
| 09/01/2016 09/01/16 | For Rent | $2,750 | 0.0% | -- |
| 10/13/2015 10/13/15 | Sold | $325,000 | 0.0% | $103 / Sq Ft |
| 08/27/2015 08/27/15 | Pending | -- | -- | -- |
| 07/29/2015 07/29/15 | For Sale | $325,000 | -- | $103 / 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 |
|---|---|---|---|---|
| 2025 | $7,204 | $1,409,700 | $281,940 | $1,127,760 |
| 2024 | $7,204 | $1,409,700 | $281,940 | $1,127,760 |
| 2023 | $7,204 | $893,500 | $178,700 | $714,800 |
| 2022 | $4,738 | $514,656 | $178,700 | $335,956 |
| 2021 | $4,738 | $0 | $0 | $0 |
| 2020 | $4,738 | $0 | $0 | $0 |
| 2019 | $7,716 | $0 | $0 | $0 |
| 2018 | $4,129 | $0 | $0 | $0 |
| 2017 | $4,549 | $0 | $0 | $0 |
| 2016 | $5,323 | $0 | $0 | $0 |
| 2015 | $2,557 | $0 | $0 | $0 |
| 2014 | -- | $380,300 | $80,400 | $299,900 |
| 2012 | -- | $20,672 | $4,501 | $16,171 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Phillips
-
Kelly Widman
Seller Co-Listing Agent in 2017
Kelly Widman
Compass RE
(910) 547-3438
4 Total Sales
-
Eileen Lin
Buyer's Agent in 2017
Eileen Lin
Canaan Realty Investment Group
(856) 905-3711
61 Total Sales
-
D
Seller's Agent in 2015
David Reid
Homestarr Realty
Map
Source: Bright MLS
MLS Number: 1000428429
APN: 241077600
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