NOT LISTED FOR SALE

Estimated Value: $245,678 - $328,000

-- Bed
-- Bath
2,610 Sq Ft
$111/Sq Ft Est. Value

Last Sold December 17, 2017

Last sale price $147,900 $57 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $2,214/month

48 Days on Market

Highlights

  • No HOA
  • 2-minute walk to Erie
  • Heating Available
  • En-Suite Primary Bedroom
  • Central Air

About This Home

As of December 2017

Whether owner occupant or seasoned investor, this 3-unit property makes sense. Consider the long term benefit of being within walking distance of the Temple University Medical School, and a block away from a subway stop and major transit hub at Broad and Erie. As the area develops, so will both the rents and underlying value of this triplex, which is spacious and contains recently renovated units. Consider that the property is double wide, and that units are already fitted with Central Air, and how appealing tenants will find that now and in the future. Review the numbers, they make sense, for a buy and hold. Positive cash flows and nice annual income.

Last Agent to Sell the Property

Algernong Allen

KW Empower License #1540316 Listed on: 08/29/2017

KW Empower

Last Buyer's Agent

Algernong Allen

KW Empower License #1540316 Listed on: 08/29/2017

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $995

Year Built

  • Built in 1915

Lot Details

  • 3,200 Sq Ft Lot
  • Lot Dimensions are 29x111

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,610 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 236
  • Assessor Parcel Number 131135000

Community Details

Overview

  • No Home Owners Association
  • Hunting Park Subdivision

Building Details

  • Electric Expense $468
  • Insurance Expense $1,850
  • Maintenance Expense $1,400
  • Other Expense $2,157
  • Operating Expense $8,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$995

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: All Fixtures And Appliances
  • New Construction: No
  • Other Expense: 2157.00
  • Year Built: 1915
  • Remarks Public: Whether owner occupant or seasoned investor, this 3-unit property makes sense. Consider the long term benefit of being within walking distance of the Temple University Medical School, and a block away from a subway stop and major transit hub at Broad and Erie. As the area develops, so will both the rents and underlying value of this triplex, which is spacious and contains recently renovated units. Consider that the property is double wide, and that units are already fitted with Central Air, and how appealing tenants will find that now and in the future. Review the numbers, they make sense, for a buy and hold. Positive cash flows and nice annual income.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2610
  • Living Area Sq Ft: 2610
  • Price Per Sq Ft: 61.26
  • Above Grade Finished Sq Ft: 2610
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3735

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Expense: 468.00
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Improvement Assessed Value: 60435.00
  • Land Assessed Value: 10665.00
  • Land Use Code: O50
  • Lot Size Acres: 0.07
  • Lot Dimensions: 29X111
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3200.00
  • Property Attached Yn: Yes
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 26361.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 954074
  • Tax Annual Amount: 995.00
  • Assessor Parcel Number: 131135000
  • Tax Lot: 236
  • Tax Year: 2017
  • Close Date: 12/17/2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2017
Closed on
Dec 11, 2017
Sold by
Somerville Martin O and Somerville Aretha C
Bought by
Wright Justin G
Seller's Agent
Algernong Allen
KW Empower
Buyer's Agent
Algernong Allen
KW Empower
List Price
$159,900
Sold Price
$147,900
Premium/Discount to List
-$12,000
-7.5%
Current Estimated Value
$298,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,139
Avg. Annual Appreciation
10.26%
Original Mortgage
$110,925
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2007
Sold by
Lewis Ramona Thornton and Estate Of James Melvin Thornto
Bought by
Somerville Martin O and Somerville Aretha C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.48%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 2, 2003
Sold by
Lewis Romona Thornton and Estate Of James Melvin Thornto
Bought by
Lewis Romona Thornton
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
Wright Justin G $147,900 None Available
Somerville Martin O $45,000 Commonwealth Land Title Insu
Lewis Romona Thornton -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Justin G $172,200
Closed Wright Justin G $110,925
Previous Owner Somerville Aretha C $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2017 12/17/17 Sold $147,900 -7.5% $57 / Sq Ft
10/16/2017 10/16/17 Pending -- -- --
08/30/2017 08/30/17 For Sale $159,900 0.0% $61 / Sq Ft
08/29/2017 08/29/17 For Sale $159,900 -- $61 / 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 $6,998 $271,500 $54,300 $217,200
2024 $6,998 $271,500 $54,300 $217,200
2023 $6,998 $499,900 $99,980 $399,920
2022 $1,804 $499,900 $99,980 $399,920
2021 $1,804 $0 $0 $0
2020 $1,804 $0 $0 $0
2019 $1,744 $0 $0 $0
2018 $995 $0 $0 $0
2017 $995 $0 $0 $0
2016 $995 $0 $0 $0
2015 $1,171 $0 $0 $0
2014 -- $87,400 $6,961 $80,439
2012 -- $5,504 $1,940 $3,564
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000315887

Bright MLS

APN: 131135000