NOT LISTED FOR SALE

4242 Spruce St Philadelphia, PA 19104

Spruce Hill Neighborhood

Estimated Value: $792,000 - $1,792,298

-- Bed
5 Baths
3,250 Sq Ft
$360/Sq Ft Est. Value

Last Sold February 12, 2015

Last sale price $790,000 $243 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $6,716/month

Highlights

  • Wood Flooring
  • 4-minute walk to Baltimore Avenue And 43Rd Street
  • En-Suite Primary Bedroom
  • Penn Alexander School Rated A-
  • No HOA
  • 4-minute walk to Spruce Hill Bird Sanctuary

About This Home

As of February 2015

Excellent investment property. Superb Location in the Penn Alexander Catchment. Fully separated, always fully rented, legally zoned quadplex. Well maintained and very productive. Fabulous character, detail, high ceilings, and hardwood floors throughout. This property offers four apartments- a 1BR, a 2BR/2bth with large patio, a studio, and a 4BR. The 2BR and 4BR each have Central Air. The new owner has the option of maintaining the property manager who lives on the block- let the building practically run itself. 100% occupancy since current owners purchased the property in 2002. And what a superb location- Located within blocks of Clark Park, farmers market, coffee shops, restaurants, shopping, UPenn/HUP/CHOP, USciences, University City Technology Corridor, Catchment School, and all that University City has to offer. Ample street parking. Multiple SEPTA options. 10 minutes to Center City.

Last Agent to Sell the Property

Jeff Block

(215) 833-7088 jeff@jeffcityblock.com Compass RE License #AB065556 Listed on: 10/28/2014

Compass RE

Last Buyer's Agent

Scott Neifeld

(215) 275-3040 scott@phillysbestaddress.com Compass RE License #RS202694L

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,233

Year Built

  • Built in 1899

Lot Details

  • 2,511 Sq Ft Lot
  • Lot Dimensions are 21x122

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,250 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storage In Attic
  • Laundry in unit

Flooring

  • Wood
  • Wall to Wall Carpet

Parking

  • On-Street Parking
  • Rented or Permit Required

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 68
  • Assessor Parcel Number 272043100

Community Details

Overview

  • No Home Owners Association
  • University City Subdivision

Building Details

  • Operating Expense $5,233

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,233

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Inclusions: All Refrigerators, Washers And Dryers On Premises.
  • New Construction: No
  • Storage: Basement, Attic
  • Year Built: 1899
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Wood, Fully Carpeted
  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 3250
  • Living Area Sq Ft: 3250
  • Price Per Sq Ft: 255.35
  • Above Grade Finished Sq Ft: 3250
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4242

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street, Rented/Permit Required
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • 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

  • Land Use Code: H70
  • Lot Size Acres: 0.06
  • Lot Dimensions: 21X122
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2511.00
  • Zoning: RTA1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 1

Tax Info

  • Tax Annual Amount: 5233.00
  • Assessor Parcel Number: 272043100
  • Tax Lot: 68
  • Tax Year: 2014
  • Close Date: 02/12/2015

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2014
Closed on
Jan 20, 2015
Sold by
Stewart Matthew P and Stewart Kate M
Bought by
4242 Spruce Llc
Seller's Agent
Jeff Block
Compass RE
Buyer's Agent
Scott Neifeld
Compass RE
List Price
$829,900
Sold Price
$790,000
Premium/Discount to List
-$39,900
-4.81%
Current Estimated Value
$1,171,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$381,433
Avg. Annual Appreciation
3.76%
Original Mortgage
$592,500
Outstanding Balance
$452,148
Interest Rate
3.74%
Mortgage Type
Commercial
Estimated Equity
$719,285

Purchase Details

Closed on
Sep 25, 2012
Sold by
Stewart Mathew P and Stewart Kate M
Bought by
Stewart Matthew P and Stewart Kate M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,250
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2002
Sold by
Orens Sylvan and 4242 Spruce Street Associates
Bought by
Stewart Matthew P and Vangulik Kate

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2000
Sold by
4242 Spruce Street Associates
Bought by
Orens Sylvan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 1996
Sold by
Orens Sylvan
Bought by
4242 Spruce Street Associates
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
4242 Spruce Llc $790,000 The Abstract Co
Stewart Matthew P -- None Available
Stewart Matthew P $350,000 First American Title Ins Co
Orens Sylvan -- Security Search & Abstract C
4242 Spruce Street Associates -- --
Orens Sylvan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4242 Spruce Llc $592,500
Previous Owner Stewart Matthew P $285,250
Previous Owner Stewart Matthew P $280,000
Previous Owner Orens Sylvan $150,000
Closed Stewart Matthew P $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2015 02/12/15 Sold $790,000 -4.8% $243 / Sq Ft
11/07/2014 11/07/14 Pending -- -- --
10/28/2014 10/28/14 For Sale $829,900 -- $255 / 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 $5,986 $699,400 $139,800 $559,600
2024 $5,986 $699,400 $139,800 $559,600
2023 $5,986 $427,600 $85,520 $342,080
2022 $7,065 $427,600 $85,520 $342,080
2021 $7,065 $0 $0 $0
2020 $7,065 $0 $0 $0
2019 $6,800 $0 $0 $0
2018 $6,077 $0 $0 $0
2017 $6,077 $0 $0 $0
2016 $6,077 $0 $0 $0
2015 $5,233 $0 $0 $0
2014 -- $390,500 $76,578 $313,922
2012 -- $30,880 $6,203 $24,677
Source: Public Records

Agents Affiliated with this Home

  • Jeff Block

    Seller's Agent in 2015

    Jeff Block

    Compass RE

    (215) 833-7088

    36 in this area

    435 Total Sales

    Jeff Block
    Section Image
  • Scott Neifeld

    Buyer's Agent in 2015

    Scott Neifeld

    Compass RE

    (215) 275-3040

    53 Total Sales

    Scott Neifeld
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1003133786

Bright MLS

APN: 272043100

Pennsylvania Philadelphia County Philadelphia 19104 Spruce Hill

4242 Spruce St, Philadelphia, PA

This home is located at 4242 Spruce St, Philadelphia, PA 19104 since 28 October 2014 and is currently estimated at $1,171,433, approximately $360 per square foot. This property was built in 1899. 4242 Spruce St is a home located in Philadelphia County with nearby schools including Penn Alexander School, West Philadelphia High School, and The City School at Spruce Hill.

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