NOT LISTED FOR SALE

Estimated Value: $1,236,508

-- Bed
-- Bath
3,516 Sq Ft
$352/Sq Ft Est. Value

Last Sold October 20, 2017

Last sale price $1,200,000 $341 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,411/month

Highlights

  • Wood Flooring
  • 4-minute walk to 12Th-13Th & Locust St
  • En-Suite Primary Bedroom
  • No HOA
  • Home Security System
  • 2-minute walk to Kahn Park

About This Home

As of October 2017

This rarely offered 5 unit mixed use building located in the heart of Washington Square West boasts a street level modern retail/office area with a private entrance and storefront window. A separate private secure foyer access entrance leads to 4 1 bedroom 1 bath units. Units 2F, 3F, and 4R are typical and face 12th Street and are very functional with wood burning fireplaces, central A?C and gas heat, and large bedrooms and closets. Unit 2R is a unique 1 bed, 1 bath which offers bi-level living, a wood burning fireplace, and a small outdoor area with private street access through a side alleyway. The unfinished basement is clean and currently being used for the storage. All utility meters are separated, as well as the gas fired water heaters for each unit. This property is priced accordingly and with no to little work needed this property would be great for your investment portfolio. Building is a stones throw from Philadelphia's Antique Row, Pennsylvania Hospital, Thomas Jefferson University.

Last Agent to Sell the Property

Jonathan Tori

(267) 688-3791 jmtori@addisonre.com Addison Real Estate Company Inc Listed on: 08/08/2017

Last Buyer's Agent

Jason Rabinovich

(412) 965-8859 jason@phillyhomeadvisors.com BHHS Fox & Roach-Center City Walnut License #AB068249

BHHS Fox & Roach-Center City Walnut

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,119

Year Built

  • Built in 1917

Lot Details

  • 1,213 Sq Ft Lot
  • Lot Dimensions are 19x63
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof
  • Stone Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,516 Sq Ft Home
  • Window Treatments
  • Basement Fills Entire Space Under The House
  • Home Security System
  • Laundry in unit

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 871060000

Community Details

Overview

  • No Home Owners Association
  • Washington Sq West Subdivision

Building Details

  • Operating Expense $8,119

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,119

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: All Tenant Owned Property And Office Equipment
  • Inclusions: All Ranges, Refrigerators, Microwaves (Owned By Seller), Washer, Dryer
  • New Construction: No
  • Year Built: 1917
  • Remarks Public: This rarely offered 5 unit mixed use building located in the heart of Washington Square West boasts a street level modern retail/office area with a private entrance and storefront window. A separate private secure foyer access entrance leads to 4 1 bedroom 1 bath units. Units 2F, 3F, and 4R are typical and face 12th Street and are very functional with wood burning fireplaces, central A?C and gas heat, and large bedrooms and closets. Unit 2R is a unique 1 bed, 1 bath which offers bi-level living, a wood burning fireplace, and a small outdoor area with private street access through a side alleyway. The unfinished basement is clean and currently being used for the storage. All utility meters are separated, as well as the gas fired water heaters for each unit. This property is priced accordingly and with no to little work needed this property would be great for your investment portfolio. Building is a stones throw from Philadelphia's Antique Row, Pennsylvania Hospital, Thomas Jefferson University.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Interior Amenities: Window Treatments, Store/Office
  • Fireplace: No
  • Entry Location: Private
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Dryer In Unit
  • Total Sq Ft: 3516
  • Living Area Sq Ft: 3516
  • Price Per Sq Ft: 397.90
  • Above Grade Finished Sq Ft: 3516
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 407

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Stone
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat, Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Improvement Assessed Value: 428407.00
  • Land Assessed Value: 151593.00
  • Land Use Code: Y70
  • Lot Size Acres: 0.03
  • Lot Dimensions: 19X63
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1213.00
  • Property Condition: Good
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 907046
  • Tax Annual Amount: 8119.00
  • Assessor Parcel Number: 871060000
  • Tax Lot: 101
  • Tax Year: 2017
  • Close Date: 10/20/2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2020
Sold by
Mel4 Properties Llc
Bought by
407 S 12Th Street Llc
Current Estimated Value
$1,236,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$793,000
Outstanding Balance
$404,133
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$832,375

Purchase Details

Listed on
Aug 8, 2017
Closed on
Oct 20, 2017
Sold by
Marlen Corpration
Bought by
Mela Proepites Llc
Seller's Agent
Jonathan Tori
Addison Real Estate Company Inc
Buyer's Agent
Jason Rabinovich
BHHS Fox & Roach-Center City Walnut
List Price
$1,399,000
Sold Price
$1,200,000
Premium/Discount to List
-$199,000
-14.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.37%
Original Mortgage
$900,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 1970
Bought by
Marlen Corp
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
407 S 12Th Street Llc $1,125,000 World Wide Land Transfer Inc
Mela Proepites Llc $1,200,000 None Available
Marlen Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 407 S 12Th Street Llc $793,000
Previous Owner Mela Proepites Llc $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2017 10/20/17 Sold $1,200,000 -14.2% $341 / Sq Ft
08/20/2017 08/20/17 Pending -- -- --
08/08/2017 08/08/17 For Sale $1,399,000 -- $398 / 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 $10,483 $757,700 $151,540 $606,160
2024 $10,483 $757,700 $151,540 $606,160
2023 $10,483 $748,900 $149,700 $599,200
2022 $9,965 $748,900 $149,700 $599,200
2021 $9,965 $0 $0 $0
2020 $9,965 $0 $0 $0
2019 $9,867 $0 $0 $0
2018 $9,580 $0 $0 $0
2017 $8,119 $0 $0 $0
2016 $6,019 $0 $0 $0
2015 $8,480 $0 $0 $0
2014 -- $632,800 $151,593 $481,207
2012 -- $69,120 $15,285 $53,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000432295

Bright MLS

APN: 871060000