NOT LISTED FOR SALE

408 N 41st St Philadelphia, PA 19104

West Powelton Neighborhood

Estimated Value: $792,000 - $1,012,928

0.05 Acre
$18,286,180 Price per Acre
2,187 Sq Ft Lot

Last Sold September 08, 2013

Last sale price $95,000 $53 Per Sq Ft

Est. 971% increase in value since last sale

Current estimated payment $5,509/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • 2-minute walk to Vidas Athletic Complex

About This Lot

As of September 2013

This lot is located in the flourishing West Powelton Village Section of Philadelphia. It is a great opportunity for investors and developers looking to build within walking distance of the University of Pennsylvania and Drexel University. It is also located just one block from the new Science and Technology Building. Owner had submitted for zoning and has drawings for a five unit building with a great return on investment. **Listing Agent is related to seller.

Last Agent to Sell the Property

Tracy Slowik

(484) 571-7938 tracy.slowik@compass.com Compass RE Listed on: 08/01/2013

Compass RE

Last Buyer's Agent

Christian Ferraro

(267) 258-7863 cj@phillyrem.com The Philadelphia Real Estate Company

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $144

Lot Details

  • 2,187 Sq Ft Lot
  • Property is zoned R9

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom

Utilities

  • Underground Utilities
  • Above Ground Utilities
  • Perc Approved Septic
  • No Septic Approved
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Powelton Village Subdivision

Listing and Financial Details

  • Tax Lot 62
  • Assessor Parcel Number 061222800

Property Details

Property Type

Land

Est. Annual Taxes

$144

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Room List: Primary Bedroom
  • Price Per Sq Ft: 48.01

Exterior Features

  • Construction Completed: No
  • Road Surface Type: Paved
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: No Septic Approved, Perc Approved Septic, Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone Available, Cable Tv Available, Under Ground, Above Ground
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 16 X 131, LotWidth:16 X LotDepth:131
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2187.00
  • Zoning: R9

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 911797
  • Tax Annual Amount: 144.00
  • Assessor Parcel Number: 061222800
  • Tax Lot: 62
  • Tax Year: 2013

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 26, 2018
Sold by
Ferraro Properties Inc
Bought by
408 Morth Philly Llc
Current Estimated Value
$1,017,741

Purchase Details

Listed on
Aug 1, 2013
Closed on
Sep 9, 2013
Sold by
Advanced Real Estate Concepts Lp
Bought by
Ferrero Properties Inc
Seller's Agent
Tracy Slowik
Compass RE
Buyer's Agent
Christian Ferraro
The Philadelphia Real Estate Company
List Price
$105,000
Sold Price
$95,000
Premium/Discount to List
-$10,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.49%
Original Mortgage
$400,000
Interest Rate
4.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 2013
Sold by
Reese Renee E and Nelson Renee E
Bought by
Advanced Real Estate Concepts Lp

Purchase Details

Closed on
Dec 14, 1970
Bought by
Ralph Ralph L and Ralph F
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
408 Morth Philly Llc $650,000 Interstate Abstract
Ferrero Properties Inc $95,000 None Available
Advanced Real Estate Concepts Lp $40,000 Iabstract & Title Agency Llc
Ralph Ralph L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferrero Properties Inc $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2013 09/08/13 Sold $95,000 -9.5% $53 / Sq Ft
08/12/2013 08/12/13 Pending -- -- --
08/01/2013 08/01/13 For Sale $105,000 -- $58 / 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 $1,876 $879,700 $175,940 $703,760
2025 $1,876 $879,700 $175,940 $703,760
2024 $1,876 $879,700 $175,940 $703,760
2023 $1,876 $670,000 $134,000 $536,000
2022 $1,140 $134,000 $134,000 $0
2021 $1,140 $0 $0 $0
2020 $1,140 $0 $0 $0
2019 $1,097 $0 $0 $0
2018 $5,231 $0 $0 $0
2017 $5,231 $0 $0 $0
2016 $1,602 $0 $0 $0
2015 $1,602 $0 $0 $0
2014 -- $16,400 $16,400 $0
2012 -- $1,472 $1,472 $0
Source: Public Records

Agents Affiliated with this Home

  • Tracy Slowik

    Seller's Agent in 2013

    Tracy Slowik

    Compass RE

    (484) 571-7938

    78 Total Sales

    Tracy Slowik
    Section Image

  • C

    Buyer's Agent in 2013

    Christian Ferraro

    The Philadelphia Real Estate Company

    Section Image
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Map

Source: Bright MLS

MLS Number: 1003539692

Bright MLS

APN: 061222800

Pennsylvania Philadelphia County Philadelphia 19104 West Powelton

408 N 41st St, Philadelphia, PA

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