NOT LISTED FOR SALE

Estimated Value: $718,304 - $741,000

-- Bed
1 Bath
2,596 Sq Ft
$280/Sq Ft Est. Value

Last Sold December 20, 2023

Last sale price $662,500 $255 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,352/month

176 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 1-minute walk to 40Th Street Portal
  • 5-minute walk to Kaskey Park
  • Property is in very good condition

About This Home

As of December 2023

Incredible opportunity to purchase a mix-use property with 4 PARKING SPACES in the heart of University City! This incredibly well-located property is steps from the University of Pennsylvania, the Children’s Hospital and the University of the Sciences (now St. Joseph’s University). The property consists of professional space on the 1st floor with two apartments on the 2nd floor. Apartment 2F is a very nice one-bedroom unit which is currently leased at $1242 per month. Unit 2R is a two-bedroom unit that is currently leased at $1360 per month. The first-floor space has always been used by Ownership as a professional office space. It is approximately 1,250 square feet and includes a kitchen area, a conference room area, several desks and cubicles and a restroom. The building mechanical room is also on the 1st floor and accessed through the office space. The property is zoned CMX2 which allows mix use by right. Set up a tour today!

Last Agent to Sell the Property

Christos Tzimoulis

New Age Realty Group Inc License #RM423707 Listed on: 03/23/2023

Last Buyer's Agent

Cecily Cao

RE/MAX ONE Realty-Moorestown

RE/MAX ONE Realty-Moorestown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,619

Year Built

  • Built in 1915

Lot Details

  • 1,598 Sq Ft Lot
  • Lot Dimensions are 17.00 x 95.00
  • Property is in very good condition

Home Design

  • 2,596 Sq Ft Home
  • Masonry

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces

Utilities

  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • 2-Story Building
  • University City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 271127910

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,619

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Basement: No
  • Total Sq Ft: 2596
  • Living Area Sq Ft: 2596
  • Price Per Sq Ft: 288.52
  • Above Grade Finished Sq Ft: 2596
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3961

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ductless/Mini-Split
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Size Acres: 0.04
  • Lot Dimensions: 17.00 x 95.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1598.00
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: CMX2
  • Zoning Description: Neighborhood Commercial Mixed-Use-2

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2534.00
  • Tax Annual Amount: 4619.00
  • Assessor Parcel Number: 271127910
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 12/20/2023

Multi Family

  • Single Room Units Count: 1

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
Dec 20, 2023
Sold by
Thomas Marianna M
Bought by
Accessible Property Inv Llc
Seller's Agent
Christos Tzimoulis
New Age Realty Group Inc
Buyer's Agent
Cecily Cao
RE/MAX ONE Realty-Moorestown
List Price
$824,000
Sold Price
$662,500
Premium/Discount to List
-$161,500
-19.6%
Views
100
Current Estimated Value
$728,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,601
Avg. Annual Appreciation
5.78%
Original Mortgage
$400,000
Outstanding Balance
$393,785
Interest Rate
7.29%
Mortgage Type
Credit Line Revolving
Estimated Equity
$334,316

Purchase Details

Closed on
Aug 5, 1998
Sold by
Winstead Ceen Allan and Winstead Ceen Cothran
Bought by
Thomas Marianna M
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
Accessible Property Inv Llc $662,500 None Listed On Document
Thomas Marianna M $61,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Accessible Property Inv Llc $400,000
Previous Owner Thomas Marianna M $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2023 12/20/23 Sold $662,500 0.0% $255 / Sq Ft
10/15/2023 10/15/23 Off Market $662,500 -- --
08/18/2023 08/18/23 Price Changed $749,000 -2.7% $289 / Sq Ft
06/09/2023 06/09/23 Price Changed $770,000 -6.6% $297 / Sq Ft
03/23/2023 03/23/23 For Sale $824,000 -- $317 / 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 $4,619 $650,000 $130,000 $520,000
2024 $4,619 $650,000 $130,000 $520,000
2023 $4,619 $330,000 $66,000 $264,000
2022 $4,786 $330,000 $66,000 $264,000
2021 $4,786 $0 $0 $0
2020 $4,786 $0 $0 $0
2019 $4,607 $0 $0 $0
2018 $4,279 $0 $0 $0
2017 $4,279 $0 $0 $0
2016 $4,279 $0 $0 $0
2015 $4,096 $0 $0 $0
2014 -- $305,700 $54,458 $251,242
2012 -- $21,056 $3,659 $17,397
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2213298

Bright MLS

APN: 271127910