NOT LISTED FOR SALE

Estimated Value: $211,000 - $416,000

3 Beds
1.5 Baths
1,232 Sq Ft
$246/Sq Ft Est. Value

Last Sold May 28, 2020

Last sale price $246,000 $200 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,740/month

11 Days on Market

Highlights

  • Open Floorplan
  • 2-minute walk to Lancaster Avenue And Wallace Street
  • Hot Water Heating System
  • No HOA
  • Central Air
  • 2-minute walk to Urban Thinkscape

About This Home

As of May 2020

Welcome to 3928 Wallace, a beautifully rehabbed home in Mantua! This home was redone from top to bottom and features three bedrooms (two of which comfortably fit king beds), 1.5 bathrooms, an open layout with 6'1" finished basement, and a 30+ foot yard. This home qualifies for the forgivable $15,000 Drexel University Homeownership program funds which can be applied towards down payment AND closing costs. Street parking is easy on the block, Indego bike rentals are <1 block away, and the home is convenient to several types of public transportation including the #10 trolley (2 blocks) and the #31 bus (2 blocks). Commute time to Center City is as quick as 10 minutes. The 10 year tax abatement has been approved and in effect as of 1/1/2020 with current taxes of $490 annually. Rehabs like this don't last long in this area, schedule your virtual showing today!

Last Agent to Sell the Property

Rodney Ross

KW Commercial License #RS314073 Listed on: 04/10/2020

KW Commercial

Last Buyer's Agent

Michael McCann

KW Empower License #AB049770L

KW Empower

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $490

Year Built

  • Built in 1930

Lot Details

  • 1,176 Sq Ft Lot
  • Lot Dimensions are 14.70 x 80.00
  • North Facing Home
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Rubber Roof
  • Aluminum Siding
  • Masonry
  • Stucco

Interior Spaces

  • 1,232 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Vinyl Flooring
  • Basement
  • Laundry in Basement

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Hot Water Heating System
  • Electric Water Heater
  • Public Septic

Community Details

  • No Home Owners Association
  • Mantua Subdivision

Listing and Financial Details

  • Tax Lot 35
  • Assessor Parcel Number 242216700

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$490

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Inclusions: Furniture negotiable
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1930
  • Remarks Public: Welcome to 3928 Wallace, a beautifully rehabbed home in Mantua! This home was redone from top to bottom and features three bedrooms (two of which comfortably fit king beds), 1.5 bathrooms, an open layout with 6'1" finished basement, and a 30+ foot yard. This home qualifies for the forgivable $15,000 Drexel University Homeownership program funds which can be applied towards down payment AND closing costs. Street parking is easy on the block, Indego bike rentals are <1 block away, and the home is convenient to several types of public transportation including the #10 trolley (2 blocks) and the #31 bus (2 blocks). Commute time to Center City is as quick as 10 minutes. The 10 year tax abatement has been approved and in effect as of 1/1/2020 with current taxes of $490 annually. Rehabs like this don't last long in this area, schedule your virtual showing today!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Flooring Type: Vinyl
  • Interior Amenities: Floor Plan - Open
  • Fireplace: No
  • Levels Count: 2
  • Basement: Yes
  • Laundry Type: Basement
  • Total Sq Ft: 1232
  • Living Area Sq Ft: 1232
  • Price Per Sq Ft: 210.23
  • Above Grade Finished Sq Ft: 1232
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3928

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Stucco, Aluminum Siding
  • Roof: Rubber
  • 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
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

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

  • Horses: No
  • Improvement Assessed Value: 24510.00
  • Land Assessed Value: 10490.00
  • Land Use Code: O30
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.03
  • Lot Dimensions: 14.70 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1176.00
  • Year Assessed: 2020
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1028600
  • School Tax: 269.00
  • Tax Annual Amount: 490.00
  • Assessor Parcel Number: 242216700
  • Tax Lot: 35
  • Tax Total Finished Sq Ft: 1232
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 05/28/2020

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2020
Closed on
May 28, 2020
Sold by
Rs2 Properties Llc
Bought by
Epstein Armona and Epstein David
Seller's Agent
Rodney Ross
KW Commercial
Buyer's Agent
Michael McCann
KW Empower
List Price
$259,000
Sold Price
$246,000
Premium/Discount to List
-$13,000
-5.02%
Current Estimated Value
$303,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,546
Avg. Annual Appreciation
3.07%
Original Mortgage
$221,400
Outstanding Balance
$198,408
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$89,883

Purchase Details

Closed on
Aug 3, 2018
Sold by
Davis Nikeemah and Estate Of Carl E Davis
Bought by
Rs2 Properties Llc

Purchase Details

Closed on
Jan 6, 2003
Sold by
Jones Robert E
Bought by
Davis Carl E
Source: Public Records

Range of Values:

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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
Epstein Armona $246,000 Great American Abstract Llc
Rs2 Properties Llc $35,000 None Available
Davis Carl E $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Epstein Armona $221,400
Previous Owner Rs2 Properties Limited Liability Company $660,000
Previous Owner Rs2 Properties Limited Liability Company $563,810
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2020 05/28/20 Sold $246,000 -5.0% $200 / Sq Ft
04/21/2020 04/21/20 Pending -- -- --
04/10/2020 04/10/20 For Sale $259,000 -- $210 / 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 $1,027 $356,800 $71,360 $285,440
2024 $1,027 $356,800 $71,360 $285,440
2023 $5,048 $360,600 $72,120 $288,480
2022 $490 $360,600 $72,120 $288,480
2021 $490 $0 $0 $0
2020 $490 $0 $0 $0
2019 $472 $0 $0 $0
2018 $669 $0 $0 $0
2017 $669 $0 $0 $0
2016 $669 $0 $0 $0
2015 $641 $0 $0 $0
2014 -- $47,800 $8,585 $39,215
2012 -- $3,776 $1,334 $2,442
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH887480

Bright MLS

APN: 242216700