NOT LISTED FOR SALE

4052 Baring St Philadelphia, PA 19104

West Powelton Neighborhood

Estimated Value: $740,000 - $1,164,270

-- Bed
4 Baths
3,570 Sq Ft
$249/Sq Ft Est. Value

Last Sold December 19, 2019

Last sale price $800,000 $224 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,360/month

Highlights

  • City View
  • Central Heating and Cooling System
  • Dwelling with Rental
  • No HOA
  • Multi-Tank Electric Water Heater
  • 3-minute walk to Vidas Athletic Complex

About This Home

As of December 2019

Triplex student housing apartment building in University City. Walking distance to Drexel University and University of Pennsylvania. Unit A has 5 bedrooms 2 bathrooms. Unit B has 3 bedrooms 1 bathroom. Unit C has 3 bedroom 1 bathroom. The whole building is fully furnished. All tenants are Drexel and U Penn students. Currently 100% occupied to the end of July or August, 2020. Monthly rent $6030. This building has been always 100% rented since it was built in 2013. 10 years tax abatement to the year of 2024. At the current asking price, the net CAP rate is about 7.8%. This is a great investment opportunity in University City market! Call or text at 215-360-7811 to make appointment.

Last Agent to Sell the Property

Phillip Zhao

(215) 360-7811 phillipzhao1@yahoo.com Liberty Real Estate License #RS346660 Listed on: 01/10/2019

Last Buyer's Agent

Vincent Mancini

(267) 242-9976 vincent@ironman-realtor.com KW Empower License #RS338007

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,184

Year Built

  • Built in 2013

Lot Details

  • 1,360 Sq Ft Lot
  • Lot Dimensions are 16 x 85
  • Property is in very good condition

Home Design

  • Triplex
  • Dwelling with Rental
  • Flat Roof Shape
  • Masonry

Interior Spaces

  • 3,570 Sq Ft Home
  • City Views
  • Basement Fills Entire Space Under The House

Utilities

  • Central Heating and Cooling System
  • 120/240V
  • Multi-Tank Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 3 Units
  • 3-Story Building
  • West Powelton Subdivision

Listing and Financial Details

  • Tax Lot 144
  • Assessor Parcel Number 061025510

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,184

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Dwelling With Rental
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: All fixtures and furniture included.
  • New Construction: No
  • Year Built: 2013
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3570
  • Living Area Sq Ft: 3570
  • Price Per Sq Ft: 231.09
  • Above Grade Finished Sq Ft: 3570
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Roof: Flat
  • Spa: No
  • View: City
  • 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: Electric
  • Cooling Type: Central A/C
  • Electric Service: 120/240V
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Multi-Tank, Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Cable Tv, Water Available, Sewer Available, Natural Gas Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Assessed Value: 84616.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16 x 85
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1360.00
  • Property Condition: Very Good
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Long Term
  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 72360.00
  • Units Furnished: All
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1395025
  • School Tax: 650.00
  • Tax Annual Amount: 1184.00
  • Assessor Parcel Number: 061025510
  • Tax Lot: 144
  • Tax Data Updated: Yes
  • Tax Year: 2020

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2019
Closed on
Dec 19, 2019
Sold by
1825 Diamond Llc
Bought by
Chase Jonathan M and Chase Melanie L
Seller's Agent
Phillip Zhao
Liberty Real Estate
Buyer's Agent
Vincent Mancini
KW Empower
List Price
$835,000
Sold Price
$800,000
Premium/Discount to List
-$35,000
-4.19%
Current Estimated Value
$888,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,757
Avg. Annual Appreciation
1.81%
Original Mortgage
$425,000
Outstanding Balance
$374,632
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$514,125

Purchase Details

Closed on
Oct 29, 2013
Sold by
4050 Baring Llc
Bought by
1825 Diamond Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,250
Interest Rate
4.52%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 29, 2013
Sold by
Greater Faith Baptist Church
Bought by
4050 Baring Llc

Purchase Details

Closed on
Oct 24, 1996
Sold by
Philadelphia Housing Development Corp
Bought by
Greater Faith Baptist Church
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
Chase Jonathan M $800,000 Great American Abstract Llc
1825 Diamond Llc $595,000 First American Title Insurac
4050 Baring Llc $82,500 None Available
Greater Faith Baptist Church $500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chase Jonathan M $425,000
Previous Owner 1825 Diamond Llc $585,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2019 12/19/19 Sold $800,000 -3.0% $224 / Sq Ft
11/13/2019 11/13/19 Pending -- -- --
06/23/2019 06/23/19 Price Changed $825,000 -1.2% $231 / Sq Ft
01/10/2019 01/10/19 For Sale $835,000 -- $234 / 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
2026 $8,225 $775,900 $155,180 $620,720
2025 $8,225 $775,900 $155,180 $620,720
2024 $8,225 $775,900 $155,180 $620,720
2023 $1,645 $587,600 $117,520 $470,080
2022 $1,184 $117,520 $117,520 $0
2021 $1,184 $0 $0 $0
2020 $1,184 $0 $0 $0
2019 $1,140 $0 $0 $0
2018 $908 $0 $0 $0
2017 $908 $0 $0 $0
2016 $143 $0 $0 $0
2015 $137 $0 $0 $0
2014 -- $10,200 $10,200 $0
2012 -- $640 $640 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Phillip Zhao

    Liberty Real Estate

    (215) 360-7811

    6 Total Sales

    Phillip Zhao
    Section Image
  • Vincent Mancini

    Buyer's Agent in 2019

    Vincent Mancini

    KW Empower

    (267) 242-9976

    116 Total Sales

    Vincent Mancini
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH509984

Bright MLS

APN: 061025510

Pennsylvania Philadelphia County Philadelphia 19104 West Powelton

4052 Baring St, Philadelphia, PA

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