Seller's Agent in 2022
Allegra Willard-Clarke
Century 21 Advantage Gold-Elkins Park
(267) 329-9447
1 in this area
15 Total Sales
4328 Frankford Ave Philadelphia, PA 19124
Frankford NeighborhoodEstimated Value: $489,951
--
Bed
--
Bath
2,553
Sq Ft
$192/Sq Ft
Est. Value
Highlights
- Wood Flooring
- 4-minute walk to Church
- Ceiling height of 9 feet or more
- Home Security System
- Exterior Cameras
- Ceiling Fan
About This Home
As of October 2022Exceptional opportunity! Mixed use three story building on Frankford Ave, convenient to public transportation. First floor is the commercial space with rear storage, powder room, and kitchenette. First floor exits to the backyard and provides access to the basement. A separate entrance provides access to the second and third floors each with two, one bedroom apartments. The third floor provides access to the roof. The apartments are all electric, heating and cooking. Tenants pay their own electric bill. The building has a fire alarm system, CO2 pull alarms, and security cameras in the hallway and outside the building. All four units are occupied. Rental assistance is provided to three tenants through Section 8 and a fourth tenant through the Bridge Program. Leases are available for review. Cap rate 13%. Commercial space is currently used by the Property Manager for storage and as a work area. It can be rented for $500-$1000/ month., increasing the income potential. Property is being sold As Is. Commercial space will be cleared prior to Settlement. 24 hour notice required for showings. Showings Monday through Friday.
Last Agent to Sell the Property
(267) 329-9447 allegra.willard-clarke@c21ag.com Century 21 Advantage Gold-Elkins Park License #RS334377 Listed on: 08/30/2022
Co-Listed By
(267) 973-7482 princesmithrealtor@gmail.com Century 21 Advantage Gold-Elkins Park License #RS308560
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,626
Year Built
- Built in 1920
Lot Details
- 1,351 Sq Ft Lot
- Lot Dimensions are 16.00 x 83.00
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Quadruplex
- Brick Foundation
- Poured Concrete
- Tar and Gravel Roof
- Rubber Roof
- Masonry
Interior Spaces
- 2,553 Sq Ft Home
- Ceiling height of 9 feet or more
- Ceiling Fan
- Wood Flooring
- Basement
Home Security
- Home Security System
- Exterior Cameras
- Fire and Smoke Detector
Utilities
- Electric Baseboard Heater
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- Tax Lot 221
- Assessor Parcel Number 871109600
Community Details
Overview
- 4 Units
- 3-Story Building
Building Details
- Insurance Expense $3,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 30, 2022
Closed on
Oct 17, 2022
Sold by
Erod Estate Llc
Bought by
1314 Estate Llc
Seller's Agent
Allegra Willard-Clarke
Century 21 Advantage Gold-Elkins Park
Buyer's Agent
Kevin Tran
Concept Realty LLC
List Price
$265,000
Sold Price
$250,000
Premium/Discount to List
-$15,000
-5.66%
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,951
Avg. Annual Appreciation
24.96%
Original Mortgage
$187,500
Outstanding Balance
$180,183
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$309,768
Purchase Details
Closed on
Mar 30, 2017
Sold by
Poindijour Muriam
Bought by
Erod Estate Llc
Purchase Details
Closed on
Jun 29, 2005
Sold by
Vargun Jeff
Bought by
Poindijour Myriam
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
5.73%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1314 Estate Llc | $250,000 | -- | |
| Erod Estate Llc | $50,000 | Colony Abstarct Co Inc | |
| Poindijour Myriam | $110,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1314 Estate Llc | $187,500 | |
| Previous Owner | Poindijour Myriam | $82,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2022 10/28/22 | Sold | $250,000 | -5.7% | $98 / Sq Ft |
| 09/08/2022 09/08/22 | Pending | -- | -- | -- |
| 08/30/2022 08/30/22 | For Sale | $265,000 | -- | $104 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,258 | $104,400 | $20,880 | $83,520 |
| 2025 | $1,258 | $104,400 | $20,880 | $83,520 |
| 2024 | $1,258 | $104,400 | $20,880 | $83,520 |
| 2023 | $1,258 | $89,900 | $17,900 | $72,000 |
| 2022 | $1,627 | $89,900 | $17,900 | $72,000 |
| 2021 | $1,627 | $0 | $0 | $0 |
| 2020 | $1,627 | $0 | $0 | $0 |
| 2019 | $1,611 | $0 | $0 | $0 |
| 2018 | $1,565 | $0 | $0 | $0 |
| 2017 | $1,893 | $0 | $0 | $0 |
| 2016 | $1,893 | $0 | $0 | $0 |
| 2015 | $1,812 | $0 | $0 | $0 |
| 2014 | -- | $135,200 | $13,500 | $121,700 |
| 2012 | -- | $19,200 | $8,556 | $10,644 |
Source: Public Records
Agents Affiliated with this Home
-
Allegra Willard-Clarke
-
Prince Smith
Seller Co-Listing Agent in 2022
Prince Smith
Century 21 Advantage Gold-Elkins Park
(267) 973-7482
1 in this area
26 Total Sales
-
Kevin Tran
Buyer's Agent in 2022
Kevin Tran
Concept Realty LLC
(215) 816-2054
4 in this area
88 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2154908
APN: 871109600
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