NOT LISTED FOR SALE

3915 Ridge Ave Philadelphia, PA 19132

East Falls Neighborhood

Estimated Value: $2,181,402

-- Bed
-- Bath
8,530 Sq Ft
$256/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $2,150,000 $252 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $13,803/month

Highlights

  • New Construction
  • Central Heating and Cooling System
  • Property is in excellent condition
  • Contemporary Architecture

About This Home

As of October 2022

Ridge Park Flats is a turnkey new construction apartment building overlooking Fairmount Park in the bucolic East Falls submarket of Philadelphia, Pennsylvania. Six (6) 2-bedroom units and two (2) 1-bedroom units. Fully-leased, brand new boutique multifamily asset with full 10yr tax abatement in a rapidly growing submarket just outside of downtown Philly with easy connections to the Greater Philadelphia suburbs and employment centers via train or expressway(s). Rental upside and asset appreciation predicted for years to come, as new developments are breaking ground at a furious pace in this highly desirable NW PHL submarket. Ease of operation, low maintenance and minimal expenses. Enquire within for financials.

Last Agent to Sell the Property

Ryan McManus

Keller Williams Liberty Place Listed on: 08/04/2022

Last Buyer's Agent

Michael Brozzetti

Realty Xpress

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $285

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 3,149 Sq Ft Lot
  • Lot Dimensions are 25.00 x 125.00
  • Property is in excellent condition

Home Design

  • 8,530 Sq Ft Home
  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation

Utilities

  • Central Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • 3-Story Building
  • East Falls Subdivision

Listing and Financial Details

  • Tax Lot 63
  • Assessor Parcel Number 382243300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$285

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: Yes
  • Year Built: 2022
  • Automatically Close On Close Date: No
  • Remarks Public: Ridge Park Flats is a turnkey new construction apartment building overlooking Fairmount Park in the bucolic East Falls submarket of Philadelphia, Pennsylvania. Six (6) 2-bedroom units and two (2) 1-bedroom units. Fully-leased, brand new boutique multifamily asset with full 10yr tax abatement in a rapidly growing submarket just outside of downtown Philly with easy connections to the Greater Philadelphia suburbs and employment centers via train or expressway(s). Rental upside and asset appreciation predicted for years to come, as new developments are breaking ground at a furious pace in this highly desirable NW PHL submarket. Ease of operation, low maintenance and minimal expenses. Enquire within for financials.
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Slab
  • Total Sq Ft: 8530
  • Living Area Sq Ft: 8530
  • Price Per Sq Ft: 275.50
  • Above Grade Finished Sq Ft: 8530
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3915

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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

  • Land Assessed Value: 20400.00
  • Land Use Code: SR
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25.00 x 125.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3149.00
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: RSA5

Rental Info

  • Rent Control: No
  • Units Leased Count: 8
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 25288625
  • School Tax: 156.00
  • Tax Annual Amount: 285.00
  • Assessor Parcel Number: 382243300
  • Tax Lot: 63
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/14/2022

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2018
Closed on
Oct 26, 2018
Sold by
Saleh Ahmed
Bought by
3915 Ridge Ave Llc
Seller's Agent
Danielle Lawless
KW Empower
Buyer's Agent
Ryan McManus
Keller Williams Liberty Place
List Price
$150,000
Sold Price
$125,000
Premium/Discount to List
-$25,000
-16.67%
Current Estimated Value
$2,181,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,056,402

Purchase Details

Closed on
Apr 5, 2006
Sold by
Saleh Ahmed and Mustafa Mahmoud
Bought by
Saleh Ahmed

Purchase Details

Closed on
Sep 23, 2004
Sold by
Saleh Ahmed and Peng Yu X
Bought by
Saleh Ahmed and Mustafa Mahmoud

Purchase Details

Closed on
Jul 1, 2004
Sold by
Fripp James and Avery David G
Bought by
Saleh Ahmed and Peng Yu X

Purchase Details

Closed on
Jun 9, 2003
Sold by
Wagstaff Larry and Wachovia Bank Na
Bought by
Fripp James

Purchase Details

Closed on
Dec 29, 1997
Sold by
Braverman Jon T
Bought by
Wagstaff Larry
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
3915 Ridge Ave Llc $125,000 First Platinum Abstract Llc
Saleh Ahmed $3,774 None Available
Saleh Ahmed $3,774 None Available
Saleh Ahmed $23,000 --
Fripp James $6,300 --
Wagstaff Larry $22,146 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3915 Ridge Ave Llc $80,000
Open 3915 Ridge Ave Llc $1,315,000
Closed 3915 Ridge Ave Llc $211,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $2,150,000 -8.5% $252 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $2,350,000 +1780.0% $275 / Sq Ft
10/30/2018 10/30/18 Sold $125,000 -16.7% $75 / Sq Ft
09/01/2018 09/01/18 Pending -- -- --
05/15/2018 05/15/18 For Sale $150,000 -- $90 / 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
2021 $0 $20,400 $20,400 $0
2020 $96 $0 $0 $0
2019 $188 $0 $0 $0
2018 $286 $0 $0 $0
2017 $286 $0 $0 $0
2016 $277 $0 $0 $0
2015 $1,162 $0 $0 $0
2014 -- $86,700 $19,839 $66,861
2012 -- $2,240 $1,696 $544
Source: Public Records

Agents Affiliated with this Home

  • Ryan McManus

    Seller's Agent in 2022

    Ryan McManus

    Keller Williams Liberty Place

    (267) 838-5265

    5 in this area

    147 Total Sales

    Ryan McManus
    Section Image

  • M

    Buyer's Agent in 2022

    Michael Brozzetti

    Realty Xpress

    (215) 687-7376

    2 in this area

    4 Total Sales

    Michael Brozzetti
    Section Image
  • Danielle Lawless

    Seller's Agent in 2018

    Danielle Lawless

    KW Empower

    (215) 917-3093

    38 Total Sales

    Danielle Lawless
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH2146728

Bright MLS

APN: 382243300

Pennsylvania Philadelphia County Philadelphia 19132 East Falls

3915 Ridge Ave, Philadelphia, PA

This home is located at 3915 Ridge Ave, Philadelphia, PA 19132 since 04 August 2022 and is currently priced at $2,181,402, approximately $255 per square foot. This property was built in 2022. 3915 Ridge Ave is a home located in Philadelphia County with nearby schools including Strawberry Mansion High School, Philadelphia Hebrew Public Charter School, and St James School.

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