NOT LISTED FOR SALE

401 W Olney Ave Philadelphia, PA 19120

Olney Neighborhood

Estimated Value: $233,000 - $289,000

-- Bed
1 Bath
1,800 Sq Ft
$144/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $225,000 $125 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,562/month

9 Days on Market

Highlights

  • Straight Thru Architecture
  • Central Air
  • Radiant Heating System
  • No HOA

About This Home

As of October 2020

This mixed use commercial property has many possibilities. The current use is as a storefront on first floor. Spacious waiting area with glass counter for your multi service requests. The service area behind the window has adequate space for servicing client's needs. Also on the first floor is ample space for three offices and/or work stations; storage; kitchen; a bathroom and door leading to the basement for plenty of storage and mechanicals. You can enter the fenced in backyard from the first floor. The possibilities of use are endless. Rolling steel security gate already installed. Walk around the side to enter private entrance for the 2nd floor 3 bedroom apartment which has been freshly painted, The sliding door from the living room leads to the balcony; kitchen and dining area; with three nice size bedrooms and bathroom. This is a great opportunity to live and operate your business at one location. Or operate your business and rent out the 2nd floor apartment. The choice is yours! The building is in good shape and ready to move right in. Don't miss out on this great opportunity!!

Last Agent to Sell the Property

Dennis McLean

Century 21 Advantage Gold-Elkins Park License #RS227344L Listed on: 09/01/2020

Century 21 Advantage Gold-Elkins Park

Last Buyer's Agent

Jonathan Manrique

Giraldo Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,505

Year Built

  • Built in 1925

Lot Details

  • 1,314 Sq Ft Lot
  • Lot Dimensions are 18.00 x 73.00

Parking

  • On-Street Parking

Home Design

  • 1,800 Sq Ft Home
  • Straight Thru Architecture
  • Masonry

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Radiant Heating System
  • 100 Amp Service
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 115
  • Assessor Parcel Number 612013800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,505

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Exclusions: all business equipment
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: This mixed use commercial property has many possibilities. The current use is as a storefront on first floor. Spacious waiting area with glass counter for your multi service requests. The service area behind the window has adequate space for servicing client's needs. Also on the first floor is ample space for three offices and/or work stations; storage; kitchen; a bathroom and door leading to the basement for plenty of storage and mechanicals. You can enter the fenced in backyard from the first floor. The possibilities of use are endless. Rolling steel security gate already installed. Walk around the side to enter private entrance for the 2nd floor 3 bedroom apartment which has been freshly painted, The sliding door from the living room leads to the balcony; kitchen and dining area; with three nice size bedrooms and bathroom. This is a great opportunity to live and operate your business at one location. Or operate your business and rent out the 2nd floor apartment. The choice is yours! The building is in good shape and ready to move right in. Don't miss out on this great opportunity!!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Total Sq Ft: 1800
  • Living Area Sq Ft: 1800
  • Price Per Sq Ft: 136.11
  • Above Grade Finished Sq Ft: 1800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 401

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Window Unit(s), Wall Unit
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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: 91375.00
  • Land Assessed Value: 16125.00
  • Land Use Code: O30
  • Lot Size Acres: 0.03
  • Lot Dimensions: 18.00 x 73.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1314.00
  • Year Assessed: 2020
  • Zoning: RSA3

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1333565
  • School Tax: 826.00
  • Tax Annual Amount: 1505.00
  • Assessor Parcel Number: 612013800
  • Tax Lot: 115
  • Tax Total Finished Sq Ft: 1800
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 10/07/2020

Multi Family

  • Single Room Units Count: 2

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2020
Closed on
Oct 1, 2020
Sold by
Pierre Antoine and Pierre Rose
Bought by
Kein Thu
Seller's Agent
Dennis McLean
Century 21 Advantage Gold-Elkins Park
Buyer's Agent
Jonathan Manrique
Giraldo Real Estate Group
List Price
$260,000
Sold Price
$225,000
Premium/Discount to List
-$35,000
-13.46%
Current Estimated Value
$259,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,753
Avg. Annual Appreciation
3.31%

Purchase Details

Closed on
Jul 29, 2005
Sold by
Haardt Fred
Bought by
Thach Hai
Source: Public Records

Range of Values:

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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
Kein Thu $225,000 Colony Abstract Company Inc
Thach Hai $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pierre Rose Andree $101,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2020 10/07/20 Sold $225,000 -8.2% $125 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
09/02/2020 09/02/20 Price Changed $245,000 -5.8% $136 / Sq Ft
09/01/2020 09/01/20 For Sale $260,000 -- $144 / 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 $1,793 $186,800 $37,360 $149,440
2024 $1,793 $186,800 $37,360 $149,440
2023 $1,793 $128,100 $25,620 $102,480
2022 $1,793 $128,100 $25,620 $102,480
2021 $1,505 $0 $0 $0
2020 $1,505 $0 $0 $0
2019 $1,398 $0 $0 $0
2018 $0 $0 $0 $0
2017 $1,328 $0 $0 $0
2016 $1,328 $0 $0 $0
2015 $1,272 $0 $0 $0
2014 -- $94,900 $8,147 $86,753
2012 -- $14,304 $3,713 $10,591
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Dennis McLean

    Century 21 Advantage Gold-Elkins Park

    (215) 429-1510

    4 in this area

    29 Total Sales

    Dennis McLean
    Section Image
  • Jonathan Manrique

    Buyer's Agent in 2020

    Jonathan Manrique

    Giraldo Real Estate Group

    (267) 243-0441

    5 in this area

    72 Total Sales

    Jonathan Manrique
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH930906

Bright MLS

APN: 871000134

Pennsylvania Philadelphia County Philadelphia 19120 Olney

401 W Olney Ave, Philadelphia, PA

This home is located at 401 W Olney Ave, Philadelphia, PA 19120 since 01 September 2020 and is currently estimated at $259,753, approximately $144 per square foot. This property was built in 1925. 401 W Olney Ave is a home located in Philadelphia County with nearby schools including James R. Lowell Elementary School, Grover Washington Middle School, and Samuel Fels High School.

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