NOT LISTED FOR SALE

Estimated Value: $803,000 - $918,502

-- Bed
-- Bath
-- Sq Ft
2,494 Sq Ft Lot

Last Sold March 01, 2019

Last sale price $600,000

Est. 45% increase in value since last sale

Current estimated payment $5,003/month

Highlights

  • Victorian Architecture
  • 3-minute walk to Baltimore Avenue And 45Th Street
  • Hot Water Heating System
  • Penn Alexander School Rated A-
  • No HOA
  • 3-minute walk to Spruce Hill Bird Sanctuary

About This Home

As of March 2019

The current rents for this 4-unit oversized (2700 sf) twin in the Spruce Hill area of University City, West Philadelphia, don't tell the true story of its value! All units are under-rented. But rental income, either at the existing $3890/month or once increased, will make a big dent in the mortgage payment for an owner-occupant. On the first floor, there's a spacious front living room followed by a 2nd living room or study, a full dining room, full bath, and galley kitchen. Out back, there's direct access to the rear fenced yard. The 45th & Osage location is within the catchment area* for the popular K-8 Penn Alexander grade school. (*Catchment area location isn't a guarantee of admission for every applicant, but all kindergarten applicants have been admitted for the last several years.) This property is also just up the street from the route 34 trolley line at Baltimore Ave., 15 minutes to center city, stopping at Penn, Drexel & 30th St. Station along the way. And it's close to the shops & restaurants on Baltimore Ave. and to Clark Park, where much of the neighborhood's activity for youngsters & adults takes place. (Farmer's market, youth soccer, dogs in "the bowl," chess games, Shakespeare in the Park - sometimes even the Philadelphia Orchestra! Clark Park also has one of only 2 Charles Dickens statues in the world, and the Friends of Clark Park celebrate his birthday every February.)

Last Agent to Sell the Property

Nancy Wei

(215) 882-1563 ussinobull@gmail.com Panphil Realty, LLC License #AB068621 Listed on: 01/25/2019

Last Buyer's Agent

Eli Qarkaxhia

(215) 731-4116 eli@qanduteam.com Compass RE

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,368

Year Built

  • Built in 1899

Lot Details

  • 2,494 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Victorian Architecture
  • Masonry

Schools

  • Penn Alexander Elementary And Middle School
  • West Philadelphia High School

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • No Home Owners Association
  • 4 Units
  • Spruce Hill Subdivision

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 461147200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,368

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1899
  • Special Features: None

Interior Features

  • Basement: Yes
  • Above Grade Finished Area Units: Square Feet

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: Off Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas, Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: PENN ALEXANDER SCHOOL
  • High School: WEST PHILADELPHIA
  • Middle Or Junior School: PENN ALEXANDER SCHOOL

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 325975.00
  • Land Assessed Value: 57525.00
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2494.00
  • Zoning: RTA1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1215471
  • School Tax: 2946.00
  • Tax Annual Amount: 5368.00
  • Assessor Parcel Number: 461147200
  • Tax Lot: 20
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,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 25, 2019
Closed on
Mar 1, 2019
Sold by
Han Biao and Wei Nanxing
Bought by
Budjmo Llc
Seller's Agent
Nancy Wei
Panphil Realty, LLC
Buyer's Agent
Eli Qarkaxhia
Compass RE
List Price
$625,000
Sold Price
$600,000
Premium/Discount to List
-$25,000
-4%
Current Estimated Value
$868,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,501
Avg. Annual Appreciation
5.71%

Purchase Details

Closed on
May 3, 2018
Sold by
Labik Lilia T
Bought by
Han Biao and Wei Manxing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2004
Sold by
Mattia Arthur J
Bought by
Labik Lilia T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2000
Sold by
Sharon Svgs Bank
Bought by
Torjman Maurice
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
Budjmo Llc $600,000 American Legal Abstract Llc
Han Biao $525,000 First American Abstract Of P
Labik Lilia T $380,000 Commonwealth Title
Torjman Maurice $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Han Biao $393,750
Previous Owner Labik Lilia T $247,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2019 03/01/19 Sold $600,000 -4.0% --
01/25/2019 01/25/19 For Sale $625,000 -- --
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 $5,480 $656,400 $131,200 $525,200
2024 $5,480 $656,400 $131,200 $525,200
2023 $5,480 $391,500 $78,300 $313,200
2022 $6,380 $391,500 $78,300 $313,200
2021 $6,380 $0 $0 $0
2020 $6,380 $0 $0 $0
2019 $6,141 $0 $0 $0
2018 $5,368 $0 $0 $0
2017 $5,368 $0 $0 $0
2016 $5,368 $0 $0 $0
2015 $5,139 $0 $0 $0
2014 -- $383,500 $78,190 $305,310
2012 -- $28,064 $6,330 $21,734
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH511356

Bright MLS

APN: 461147200