NOT LISTED FOR SALE

Estimated Value: $317,000 - $432,000

-- Bed
1 Bath
2,603 Sq Ft
$139/Sq Ft Est. Value

Last Sold March 30, 2021

Last sale price $270,000 $104 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,267/month

About This Home

As of March 2021

Commercial, mixed use building in Mayfair. The first floor unit used to be a retail convenience store and is now used as a bakery. There are two spacious similar apartments on the second and third floor. The apartment has a large living room, kitchen, two bedrooms and one bathroom. The storefront has access to the rear and basement for mechanicals. Convenient location. Close to public transportation, stores and shops. Make your appointment today!

Last Agent to Sell the Property

Ken Kwong

(215) 516-6038 kkwong.central@gmail.com Central Realty Group LLC License #RM422843 Listed on: 01/22/2021

Last Buyer's Agent

Mike Chen

(215) 820-1621 mcmaxrealtor@gmail.com Home Max Realty License #RM424964

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,772

Year Built

  • Built in 1950

Lot Details

  • 1,574 Sq Ft Lot
  • Lot Dimensions are 15.75 x 99.92
  • Property is in average condition

Parking

  • On-Street Parking

Home Design

  • 2,603 Sq Ft Home
  • Masonry

Utilities

  • Radiant Heating System
  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Tax Lot 211
  • Assessor Parcel Number 552176800

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Mayfair Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,772

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Over Storefront
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes
  • Total Sq Ft: 2603
  • Living Area Sq Ft: 2603
  • Price Per Sq Ft: 111.03
  • Above Grade Finished Sq Ft: 2603
  • 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: On Street

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 153648.00
  • Land Assessed Value: 44352.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 15.75 x 99.92
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1574.00
  • Property Condition: Average
  • Zoning: CMX1

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Total Actual Rent: 15600.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1283693
  • School Tax: 1521.00
  • Tax Annual Amount: 2772.00
  • Assessor Parcel Number: 552176800
  • Tax Lot: 211
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2021
Closed on
Mar 22, 2021
Sold by
Raj Realty Pa Llc
Bought by
Obayashi Densho and Lin Jinying
Seller's Agent
Ken Kwong
Central Realty Group LLC
Buyer's Agent
Mike Chen
Home Max Realty
List Price
$289,000
Sold Price
$270,000
Premium/Discount to List
-$19,000
-6.57%
Current Estimated Value
$360,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,580
Avg. Annual Appreciation
6.51%
Original Mortgage
$200,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
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
Obayashi Densho $270,000 Nova Abstract Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Obayashi Densho $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2021 03/30/21 Sold $270,000 -6.6% $104 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $289,000 -- $111 / 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 $4,556 $325,500 $65,100 $260,400
2025 $4,556 $325,500 $65,100 $260,400
2024 $4,556 $325,500 $65,100 $260,400
2023 $4,556 $325,500 $65,100 $260,400
2022 $2,772 $325,500 $65,100 $260,400
2021 $2,772 $0 $0 $0
2020 $2,772 $198,000 $44,352 $153,648
2019 $2,660 $0 $0 $0
2018 $2,433 $0 $0 $0
2017 $2,433 $0 $0 $0
2016 $2,433 $0 $0 $0
2015 $2,221 $0 $0 $0
2014 -- $173,800 $24,146 $149,654
2012 -- $25,600 $756 $24,844
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH981598

Bright MLS

APN: 552176800