NOT LISTED FOR SALE

363 Leverington Ave Philadelphia, PA 19128

Estimated Value: $382,720 - $435,000

-- Bed
3 Baths
1,942 Sq Ft
$209/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $275,000 $142 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,565/month

15 Days on Market

About This Home

As of October 2019

Multiple Offers Received - CURRENT BID RESERVE 285,000 - ALL OFFERS DUE BY Wednesday SEPTEMBER 4th at 12:00PM - INVESTOR ALERT! Truly a RARE Find - 4 unit Quadplex in the heart of Manayunk/Roxborough. Now is your chance to bring in solid cash flow or a perfect project for the owner occupant. THREE units use the shared side entrance on Fleming St. (1R, 2R, 2F) and ONE unit uses the front entrance (1F). All units have shared access to enclosed rear back yard through stair access. Units 1R and 2F are leased below market value to long-term tenants at 760 and 800. Unit 2R is vacant and rented last year at 775. Unit 1F is vacant, has been completely gutted, and in need of complete rennovation. All units have separate utility meters located in the basement with shared access from the back yard. Rental licenses for all units on file. Total projected gross annual income between 38,400-48,000. Property is in need of work and being sold AS-IS with no repairs made. Due to the incomplete unit, Cash, commercial, hard money or 203K renovation loan are acceptable forms of financing but consideration for other creative forms will be made. Available for immediate possession and occupancy.

Last Agent to Sell the Property

Bobby Hulmes

Iron Valley Real Estate of Berks License #AB068805 Listed on: 08/20/2019

Iron Valley Real Estate of Berks

Last Buyer's Agent

Jennifer Geddes

KW Empower License #RS321126

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,649

Year Built

  • Built in 1925

Lot Details

  • 1,683 Sq Ft Lot
  • Lot Dimensions are 14.14 x 118.99
  • Stone Retaining Walls

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Stone Siding

Interior Spaces

  • 1,942 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • James Dobson Elementary And Middle School
  • Roxborough High School

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 134
  • Assessor Parcel Number 211402900

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,649

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • Inclusions: All washer/dryer stacked units and refrigerators
  • New Construction: No
  • Expected On Market: 2019-08-28
  • Year Built: 1925
  • Remarks Public: Multiple Offers Received - CURRENT BID RESERVE 285,000 - ALL OFFERS DUE BY Wednesday SEPTEMBER 4th at 12:00PM - INVESTOR ALERT! Truly a RARE Find - 4 unit Quadplex in the heart of Manayunk/Roxborough. Now is your chance to bring in solid cash flow or a perfect project for the owner occupant. THREE units use the shared side entrance on Fleming St. (1R, 2R, 2F) and ONE unit uses the front entrance (1F). All units have shared access to enclosed rear back yard through stair access. Units 1R and 2F are leased below market value to long-term tenants at 760 and 800. Unit 2R is vacant and rented last year at 775. Unit 1F is vacant, has been completely gutted, and in need of complete rennovation. All units have separate utility meters located in the basement with shared access from the back yard. Rental licenses for all units on file. Total projected gross annual income between 38,400-48,000. Property is in need of work and being sold AS-IS with no repairs made. Due to the incomplete unit, Cash, commercial, hard money or 203K renovation loan are acceptable forms of financing but consideration for other creative forms will be made. Available for immediate possession and occupancy.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1942
  • Living Area Sq Ft: 1942
  • Price Per Sq Ft: 146.76
  • Above Grade Finished Sq Ft: 1942
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 363

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stone
  • Exterior Features: Stone Retaining Walls
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Elementary School: JAMES DOBSON SCHOOL
  • Middle School: JAMES DOBSON SCHOOL
  • High School: ROXBOROUGH
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200397108
  • School District Source: 3rd Party
  • Elementary School: JAMES DOBSON SCHOOL
  • High School: ROXBOROUGH
  • Middle Or Junior School: JAMES DOBSON SCHOOL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 221595.00
  • Land Assessed Value: 39105.00
  • Land Use Code: U38
  • Lot Size Acres: 0.04
  • Lot Dimensions: 14.14 x 118.99
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1683.00
  • Year Assessed: 2019
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Total Actual Rent: 38400.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 998876
  • School Tax: 2002.00
  • Tax Annual Amount: 3649.00
  • Assessor Parcel Number: 211402900
  • Tax Lot: 134
  • Tax Total Finished Sq Ft: 1942
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 10/25/2019

Multi Family

  • Number Of Units Vacant: 2
  • Gross Income: 38400.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2019
Closed on
Oct 25, 2019
Sold by
Ross Roger and Ross Kate
Bought by
Grumpy Cat Properties Llc
Seller's Agent
Bobby Hulmes
Iron Valley Real Estate of Berks
Buyer's Agent
Jennifer Geddes
KW Empower
List Price
$249,000
Sold Price
$275,000
Premium/Discount to List
$26,000
10.44%
Current Estimated Value
$405,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,907
Avg. Annual Appreciation
6.46%
Original Mortgage
$206,250
Outstanding Balance
$183,733
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$213,418

Purchase Details

Closed on
Sep 10, 2007
Sold by
Solkov Gertrude and Cohen Betty
Bought by
Ross Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.7%
Mortgage Type
Seller Take Back
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
Grumpy Cat Properties Llc $275,000 Coreabstract
Ross Roger $220,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grumpy Cat Properties Llc $206,250
Previous Owner Ross Roger $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $275,000 -3.5% $142 / Sq Ft
09/06/2019 09/06/19 Pending -- -- --
08/31/2019 08/31/19 Price Changed $285,000 +3.6% $147 / Sq Ft
08/29/2019 08/29/19 Price Changed $275,000 +10.4% $142 / Sq Ft
08/21/2019 08/21/19 For Sale $249,000 -- $128 / 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 $4,300 $450,500 $90,100 $360,400
2024 $4,300 $450,500 $90,100 $360,400
2023 $4,300 $307,200 $61,400 $245,800
2022 $4,125 $307,200 $61,400 $245,800
2021 $4,125 $0 $0 $0
2020 $4,125 $0 $0 $0
2019 $3,649 $0 $0 $0
2018 $3,235 $0 $0 $0
2017 $3,262 $0 $0 $0
2016 $3,262 $0 $0 $0
2015 $3,122 $0 $0 $0
2014 -- $233,000 $33,486 $199,514
2012 -- $32,000 $2,692 $29,308
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH825532

Bright MLS

APN: 211402900