Seller's Agent in 2023
Stuart Cohen
KW Empower
(215) 275-0800
1 in this area
159 Total Sales
3603 Melon St Philadelphia, PA 19104
Mantua NeighborhoodEstimated Value: $292,000 - $487,000
--
Bed
2
Baths
2,513
Sq Ft
$155/Sq Ft
Est. Value
Highlights
- Straight Thru Architecture
- Electric Baseboard Heater
- 2-minute walk to 37th & Mt. Vernon Park
About This Home
As of August 20233601-3603 Melon St is a pair of joined duplexes located in Philadelphia's booming Mantua neighborhood, a few blocks from Drexel University and a few minutes from the University of Pennsylvania. Built in 2014, these newer properties with gross rents of $49,680.00 per year, feature mirrored layouts with a total of four 2-bedroom, 1-bathroom apartments. Each apartment has the bedrooms on opposite ends, great for roommate privacy, a full hall bathroom, and an open living room and modern kitchen at the center. The lower units have access to the rear yards and the basements. The owners expenses are minimal and the buildings offer a 7.5% cap rate. This is a fully rented, turnkey opportunity! Not only is this location minutes from nearby universities, it's also close to the Philadelphia Museum of Art, Kelly Drive, the extensive Schuylkill River Trail, and the Philadelphia Zoo. Plus, there's easy access to public transit, I-76, and I-676. Schedule your tour today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,094
Year Built
- Built in 1925
Lot Details
- 1,182 Sq Ft Lot
- Lot Dimensions are 32.00 x 76.00
Parking
- On-Street Parking
Home Design
- 2,513 Sq Ft Home
- Quadruplex
- Straight Thru Architecture
- Stone Foundation
- Masonry
Utilities
- Cooling System Mounted In Outer Wall Opening
- Electric Baseboard Heater
- Electric Water Heater
Additional Features
- Unfinished Basement
Community Details
- 2 Units
Listing and Financial Details
- Tax Lot 218
- Assessor Parcel Number 242112200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 18, 2019
Closed on
May 1, 2019
Sold by
Nguyen Van Anh
Bought by
Clarkand Michael Lee and Hull Shawnika Jeanine
Seller's Agent
Ian Perler
KW Empower
Buyer's Agent
Alexander Weinstein
KW Philly
List Price
$195,000
Sold Price
$190,000
Premium/Discount to List
-$5,000
-2.56%
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
$199,500
Avg. Annual Appreciation
12.53%
Original Mortgage
$161,500
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Listed on
Nov 15, 2012
Closed on
Aug 12, 2013
Sold by
Coleman Holden Derrick
Bought by
Nguyen Van Anh
Seller's Agent
Mark Turner
Century 21 Advantage Gold-South Philadelphia
Buyer's Agent
Ian Perler
KW Empower
List Price
$30,000
Sold Price
$21,000
Premium/Discount to List
-$9,000
-30%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.97%
Purchase Details
Closed on
Jan 15, 1998
Sold by
Holden Janie
Bought by
Coleman Holden Derrick
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 |
|---|---|---|---|
| Clarkand Michael Lee | $190,000 | American Legal Abstract Llc | |
| Nguyen Van Anh | $53,000 | None Available | |
| Coleman Holden Derrick | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Phrm Property Melon Street Llc | $592,500 | |
| Previous Owner | Clark Michael Lee | $161,500 | |
| Previous Owner | Clarkand Michael Lee | $164,050 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/24/2023 08/24/23 | Sold | $432,500 | +1.8% | $172 / Sq Ft |
| 05/23/2023 05/23/23 | Pending | -- | -- | -- |
| 05/15/2023 05/15/23 | For Sale | $425,000 | +123.7% | $169 / Sq Ft |
| 05/03/2019 05/03/19 | Sold | $190,000 | -2.6% | $127 / Sq Ft |
| 02/18/2019 02/18/19 | For Sale | $195,000 | +828.6% | $130 / Sq Ft |
| 08/16/2013 08/16/13 | Sold | $21,000 | -27.6% | $19 / Sq Ft |
| 07/25/2013 07/25/13 | Price Changed | $29,000 | 0.0% | $26 / Sq Ft |
| 07/24/2013 07/24/13 | Pending | -- | -- | -- |
| 07/02/2013 07/02/13 | Pending | -- | -- | -- |
| 04/22/2013 04/22/13 | Price Changed | $29,000 | -3.3% | $26 / Sq Ft |
| 11/15/2012 11/15/12 | For Sale | $30,000 | -- | $27 / 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 | $2,711 | $367,200 | $73,440 | $293,760 |
| 2024 | $2,711 | $367,200 | $73,440 | $293,760 |
| 2023 | $2,711 | $384,200 | $76,840 | $307,360 |
| 2022 | $2,188 | $193,637 | $76,840 | $116,797 |
| 2021 | $2,188 | $0 | $0 | $0 |
| 2020 | $2,188 | $0 | $0 | $0 |
| 2019 | $2,106 | $0 | $0 | $0 |
| 2018 | $1,061 | $0 | $0 | $0 |
| 2017 | $1,061 | $0 | $0 | $0 |
| 2016 | $934 | $0 | $0 | $0 |
| 2015 | $894 | $0 | $0 | $0 |
| 2014 | -- | $163,300 | $8,717 | $154,583 |
| 2012 | -- | $2,496 | $565 | $1,931 |
Source: Public Records
Agents Affiliated with this Home
-
Stuart Cohen
-
Eric Dvotsky
Buyer's Agent in 2023
Eric Dvotsky
BHHS Fox & Roach
(215) 678-8895
9 in this area
166 Total Sales
-
Ian Perler
Seller's Agent in 2019
Ian Perler
KW Empower
(267) 607-9099
98 Total Sales
-
A
Buyer's Agent in 2019
Alexander Weinstein
KW Philly
-
Mark Turner
Seller's Agent in 2013
Mark Turner
Century 21 Advantage Gold-South Philadelphia
(267) 808-6103
108 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2235842
APN: 242112200
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