NOT LISTED FOR SALE

Estimated Value: $1,285,757

-- Bed
-- Bath
3,711 Sq Ft
$346/Sq Ft Est. Value

Last Sold August 26, 2024

Last sale price $1,225,000 $330 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,178/month

8 Days on Market

Highlights

  • Traditional Architecture
  • 1-minute walk to 19Th Street
  • 3-minute walk to John F. Collins Park
  • Forced Air Heating System

About This Home

As of August 2024

A rare opportunity to establish a successful business or develop a high-end rental property. This 3-story, 3711 sq. ft. building has 4 apartments plus a PRIME ground floor commercial space. Located in the buys and sought after 19th & Chestnut Street area. All within a short walk to Rittenhouse Square, a variety of specialty shops, fine dining & many high-rise commercial & residential buildings. Convenient off street parking & accessible public transportation, make this a desirable Center City location.
*1st Floor & Partial Basement, Current commercial use: Hair salon (no lease). Monthly rent: $2,932.
*2nd Floor Front (1 Bedroom). Rent: $850
*2nd Floor Rear (Studio). Rent: $900
*3rd Floor Front (Studio). Rent: $800
*3rd Floor Rear (1 Bedroom). Rent: $875

Last Agent to Sell the Property

Juliet Welker

(215) 880-2129 jwelker@welkerre.com Compass RE License #AB068993 Listed on: 06/03/2024

Compass RE

Last Buyer's Agent

Juliet Welker

(215) 880-2129 jwelker@welkerre.com Compass RE License #AB068993 Listed on: 06/03/2024

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,337

Year Built

  • Built in 1900

Lot Details

  • 1,728 Sq Ft Lot
  • Lot Dimensions are 18.00 x 96.00

Parking

  • On-Street Parking

Home Design

  • 3,711 Sq Ft Home
  • Traditional Architecture
  • Masonry

Utilities

  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 871005550

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,337

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: A rare opportunity to establish a successful business or develop a high-end rental property. This 3-story, 3711 sq. ft. building has 4 apartments plus a PRIME ground floor commercial space. Located in the buys and sought after 19th & Chestnut Street area. All within a short walk to Rittenhouse Square, a variety of specialty shops, fine dining & many high-rise commercial & residential buildings. Convenient off street parking & accessible public transportation, make this a desirable Center City location. *1st Floor & Partial Basement, Current commercial use: Hair salon (no lease). Monthly rent: $2,932. *2nd Floor Front (1 Bedroom). Rent: $850 *2nd Floor Rear (Studio). Rent: $900 *3rd Floor Front (Studio). Rent: $800 *3rd Floor Rear (1 Bedroom). Rent: $875
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Total Sq Ft: 3711
  • Living Area Sq Ft: 3711
  • Price Per Sq Ft: 363.78
  • Above Grade Finished Sq Ft: 3711
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 42

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: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: Y50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 18.00 x 96.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1728.00
  • Year Assessed: 2023
  • Zoning: CMX4

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 8964.00
  • Tax Annual Amount: 16337.00
  • Assessor Parcel Number: 871005550
  • Tax Lot: 24
  • Tax Total Finished Sq Ft: 3711
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/26/2024

Multi Family

  • Single Room Units Count: 2

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Aug 23, 2024
Sold by
Faracchio Nannette
Bought by
Four Center Property Llc
Seller's Agent
Juliet Welker
Compass RE
Buyer's Agent
Juliet Welker
Compass RE
List Price
$1,350,000
Sold Price
$1,225,000
Premium/Discount to List
-$125,000
-9.26%
Views
49
Current Estimated Value
$1,285,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,757
Avg. Annual Appreciation
4.38%
Original Mortgage
$500,000
Outstanding Balance
$494,233
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$791,524

Purchase Details

Closed on
Aug 20, 2013
Sold by
Estate Of Gloria A Bonn
Bought by
Faracchio Nannette

Purchase Details

Closed on
Jul 22, 1993
Bought by
Faracchio Nannette and Bonn Gloria A
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
Four Center Property Llc $1,225,000 Neshaminy Abstract
Faracchio Nannette -- None Available
Faracchio Nannette -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Four Center Property Llc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2024 08/26/24 Sold $1,225,000 -9.3% $330 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
06/03/2024 06/03/24 For Sale $1,350,000 -- $364 / 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 $16,337 $1,128,100 $225,620 $902,480
2024 $16,337 $1,128,100 $225,620 $902,480
2023 $16,337 $1,167,100 $233,420 $933,680
2022 $10,897 $1,167,100 $233,420 $933,680
2021 $10,897 $0 $0 $0
2020 $10,897 $0 $0 $0
2019 $10,790 $0 $0 $0
2018 $10,476 $0 $0 $0
2017 $10,476 $0 $0 $0
2016 $10,476 $0 $0 $0
2015 $10,029 $0 $0 $0
2014 -- $748,400 $345,600 $402,800
2012 -- $94,400 $55,296 $39,104
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2358196

Bright MLS

APN: 871005550