NOT LISTED FOR SALE

407 Franklin St East Pittsburgh, PA 15112

Estimated Value: $122,000 - $145,935

5 Beds
3 Baths
-- Sq Ft
2,178 Sq Ft Lot

Last Sold December 01, 2022

Last sale price $126,800

Est. 4% increase in value since last sale

Current estimated payment $908/month

9 Days on Market

About This Home

As of December 2022

This classic Pittsburgh income earning triplex is a smart investment for any level investor. Earns $2100/month, With a serene setting, private balconies/porches, fenced backyard, airy rooms w/tall ceilings and a convenient location, the triplex has no issue attracting and retaining tenants. Each apartment has been renovated in the past 4 years. The building has new windows, interior doors and keyless entry.

Unit 1: 2br/1ba
Unit 2: 2br/1ba
Unit 3: 1br/1ba

This property is being sold AS-IS. Seller is not interested in making improvements/repairs as condition of sell. Property will most likely not qualify for a VA or FHA loan.

Last Agent to Sell the Property

Mark Panichella

COLDWELL BANKER REALTY Listed on: 06/18/2022

COLDWELL BANKER REALTY

Last Buyer's Agent

Rebekah Siegel

RE/MAX SELECT REALTY

RE/MAX SELECT REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,615

Lot Details

  • 2,178

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Additional Features

  • Basement

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 0375-P-00084-0000-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,615

Lot Details

0

Listing Details

  • Area Description Sort: E Pittsburgh
  • Construction: Brick
  • Disclaimer: Information Deemed Reliable, But Not Guaranteed
  • Map Num Block Num Lot Num Info: 0375-P-00084-0000-00
  • Property Type: Multi-Unit
  • Public Transportation: Yes
  • Ratio Close Price By List Price: 0.74808
  • Ratio Close Price By Original Li: 0.74808
  • School Transportation: Yes
  • Type Of Property: Triplex
  • Years Old: 1925
  • Tour Url Branded: https://www.propertypanorama.com/instaview-tour/wpn/1560611
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes

Garage/Parking

  • Parking Description: On-Street Parking

Utilities

  • Utilities Available: Electricity, Gas, Sewer, Water

Lot Info

  • Acres: 0.0574
  • Lot Size: 0.0574
  • Zoning: RES

Multi Family

  • Gross Annual Income: 25200
  • Unit Count: 3

Tax Info

  • Taxes: 2615

MLS Schools

  • School District: Woodland Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Dec 6, 2022
Sold by
Panichella Mark and Williams Jack A
Bought by
Zoyne Realty L L C
Seller's Agent
Mark Panichella
COLDWELL BANKER REALTY
Buyer's Agent
Rebekah Siegel
RE/MAX SELECT REALTY
List Price
$169,500
Sold Price
$126,800
Premium/Discount to List
-$42,700
-25.19%
Views
2
Current Estimated Value
$132,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,434
Avg. Annual Appreciation
1.45%
Original Mortgage
$101,440
Outstanding Balance
$98,396
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$33,838

Purchase Details

Listed on
Jun 18, 2022
Closed on
Nov 30, 2022
Sold by
Panichella Mark
Bought by
Zoyne Realty Llc
Seller's Agent
Mark Panichella
COLDWELL BANKER REALTY
Buyer's Agent
Rebekah Siegel
RE/MAX SELECT REALTY
List Price
$169,500
Sold Price
$126,800
Premium/Discount to List
-$42,700
-25.19%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,440
Outstanding Balance
$98,396
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$33,838

Purchase Details

Closed on
Dec 26, 2018
Sold by
Panichella Mark and Williams Jack A
Bought by
Russell Elijah H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,034
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 19, 2018
Sold by
The Estate Of Blanche M Welsh Deceased
Bought by
Panichella Mark and Williams Jack A

Purchase Details

Closed on
Mar 27, 1970
Bought by
Welsh Blanche M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Zoyne Realty L L C $126,800 --
Zoyne Realty Llc $126,800 --
Zoyne Realty Llc $126,800 --
Russell Elijah H $102,000 Keystone Closing Services
Panichella Mark $65,000 Keystone Closing Svcs Llc
Welsh Blanche M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zoyne Realty Llc $101,440
Closed Zoyne Realty Llc $101,440
Previous Owner Russell Elijah H $100,034
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2022 12/01/22 Sold $126,800 -25.2% --
06/27/2022 06/27/22 Pending -- -- --
06/18/2022 06/18/22 For Sale $169,500 -- --
Source: West Penn Multi-List

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 $2,587 $57,900 $3,000 $54,900
2024 $2,587 $57,900 $3,000 $54,900
2023 $2,616 $57,900 $3,000 $54,900
2022 $2,616 $57,900 $3,000 $54,900
2021 $274 $57,900 $3,000 $54,900
2020 $2,564 $57,900 $3,000 $54,900
2019 $4,449 $102,200 $4,000 $98,200
2018 $398 $84,200 $4,000 $80,200
2017 $3,665 $84,200 $4,000 $80,200
2016 $398 $84,200 $4,000 $80,200
2015 $398 $84,200 $4,000 $80,200
2014 $3,434 $84,200 $4,000 $80,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: West Penn Multi-List

MLS Number: 1560611

West Penn Multi-List

APN: 0375-P-00084-0000-00