NOT LISTED FOR SALE

Estimated Value: $595,000 - $646,000

-- Bed
3 Baths
2,031 Sq Ft
$308/Sq Ft Est. Value

Last Sold June 29, 2021

Last sale price $565,000 $278 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,076/month

5 Days on Market

Highlights

  • Colonial Architecture
  • 1-minute walk to Lancaster Avenue And 38Th Street
  • Central Air
  • Wood Flooring
  • No HOA
  • 3-minute walk to Saunders Park

About This Home

As of June 2021

Great Location! Classic Victorian Triplex twin with an open front porch, located in the Powelton Village section of University City, near Drexel, Penn, CHOP, Presby, University City Science Center, Amtrak and Septa. All units have separate utilities. Tenants pay heat and gas. Heat is electric, cooking and hot water are gas. All units have central air. Two units are two bedroom units, a kitchen and a bathroom. First floor unit is currently set up as a three bedroom unit, with large eat in kitchen, bathroom and rear patio. This property has stable rental history and great income potential. Open front porch, front and back yards. Wide and well lit hallways. Full basement with laundry area and large storage area.

Last Agent to Sell the Property

David Sneeringer

RE/MAX Ready Listed on: 05/15/2021

RE/MAX Ready

Last Buyer's Agent

Mike Xiao

Canaan Realty Investment Group

Canaan Realty Investment Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,634

Year Built

  • Built in 1930

Lot Details

  • 1,469 Sq Ft Lot
  • Lot Dimensions are 19.58 x 75.00
  • Property is in average condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Flat Roof Shape
  • Stone Foundation
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2,031 Sq Ft Home
  • Wood Flooring
  • Basement

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 83
  • Assessor Parcel Number 241185100

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • University City Subdivision

Building Details

  • Income includes apartment rentals, laundry
  • Insurance Expense $2,500
  • Operating Expense $8,574
  • Net Operating Income $32,526

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,634

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Remarks Public: Great Location! Classic Victorian Triplex twin with an open front porch, located in the Powelton Village section of University City, near Drexel, Penn, CHOP, Presby, University City Science Center, Amtrak and Septa. All units have separate utilities. Tenants pay heat and gas. Heat is electric, cooking and hot water are gas. All units have central air. Two units are two bedroom units, a kitchen and a bathroom. First floor unit is currently set up as a three bedroom unit, with large eat in kitchen, bathroom and rear patio. This property has stable rental history and great income potential. Open front porch, front and back yards. Wide and well lit hallways. Full basement with laundry area and large storage area.
  • Special Features: None

Interior Features

  • Flooring Type: Hardwood
  • Foundation Details: Stone, Concrete Perimeter
  • Basement: Yes
  • Total Sq Ft: 2031
  • Living Area Sq Ft: 2031
  • Price Per Sq Ft: 270.80
  • Above Grade Finished Sq Ft: 2031
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3726

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Roof: Flat
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Monthly Average Electric: 40
  • Previous Twelve Months Electric Expense: 480.00
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Monthly Water Average: 90
  • Water Previous Twelve Months: 1080.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 249055.00
  • Land Assessed Value: 81980.00
  • Land Use Code: N50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 19.58 x 75.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1469.00
  • Property Condition: Average
  • Year Assessed: 2021
  • Zoning: RTA1

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Number Of Units Month To Month: 3
  • Owner Pays: Water
  • Rent Control: No
  • Total Actual Rent: 40500.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1026895
  • School Tax: 2543.00
  • Tax Annual Amount: 4634.00
  • Assessor Parcel Number: 241185100
  • Tax Lot: 83
  • Tax Total Finished Sq Ft: 2031
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 06/29/2021

Multi Family

  • Gross Income: 41100.00
  • Income Includes: Apartment Rentals, Laundry
  • Operating Expense: 8574.00

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2021
Closed on
Jun 18, 2021
Sold by
Muse Robert and Massey John
Bought by
Linling Investpro Llc
Seller's Agent
David Sneeringer
RE/MAX Ready
Buyer's Agent
Mike Xiao
Canaan Realty Investment Group
List Price
$550,000
Sold Price
$565,000
Premium/Discount to List
$15,000
2.73%
Current Estimated Value
$624,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,960
Avg. Annual Appreciation
2.38%
Original Mortgage
$340,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 28, 2017
Sold by
County Of Philadelphia
Bought by
Muse Robert and Massey John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$381,750
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 2012
Sold by
The Bank Of New York Mellon
Bought by
Team New Age Llc

Purchase Details

Closed on
May 3, 2010
Sold by
Custus Percy
Bought by
The Bank Of New York Mellon and The Bank Of New York
Source: Public Records

Range of Values:

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Average Value
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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
Linling Investpro Llc $565,000 Abstract One Llc
Muse Robert $509,000 None Available
Team New Age Llc $255,000 None Available
The Bank Of New York Mellon $220,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Linling Investpro Llc $340,000
Previous Owner Muse Robert G $370,000
Previous Owner Muse Robert $381,750
Previous Owner Team New Age Llc $318,750
Previous Owner Team New Age Llc $125,000
Previous Owner Custus Percy $231,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2021 06/29/21 Sold $565,000 +2.7% $278 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
05/15/2021 05/15/21 For Sale $550,000 -- $271 / 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 $8,361 $704,900 $140,980 $563,920
2024 $8,361 $704,900 $140,980 $563,920
2023 $8,361 $597,300 $119,460 $477,840
2022 $4,634 $597,300 $119,460 $477,840
2021 $4,634 $0 $0 $0
2020 $4,634 $575,300 $81,980 $493,320
2019 $4,089 $0 $0 $0
2018 $3,294 $0 $0 $0
2017 $3,294 $0 $0 $0
2016 $1,383 $0 $0 $0
2015 $2,667 $0 $0 $0
2014 -- $275,300 $27,293 $248,007
2012 -- $31,840 $6,992 $24,848
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH1018098

Bright MLS

APN: 241185100