NOT LISTED FOR SALE

4416 Lancaster Ave Philadelphia, PA 19104

Mill Creek Neighborhood

Estimated Value: $535,798

-- Bed
-- Bath
2,920 Sq Ft
$183/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $490,000 $168 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,961/month

75 Days on Market

Highlights

  • New Construction
  • 1-minute walk to Lancaster Avenue And 44Th Street
  • Property is in excellent condition
  • Forced Air Heating and Cooling System

About This Home

As of January 2024

Welcome to 4416 Lancaster Ave, a newly renovated mixed use building in Belmont ready for its next owner! The building features two large 3BD/2BA units and a first floor commercial space. The building has been gut renovated and all mechanics are brand new, including a new sprinkler/fire alarm system, new roof, and central A/C in all units. The building also features VERY low taxes and approved 10-year tax abatement on the full improvement value. The first floor tenant is a trendy boutique korean fried chicken restaurant leased at $1,750/mo and both apartments are leased for $1,295/month. Lancaster Ave has several projects revitalizing the corridor between 41st - 45th St including a 15 unit building at 4200-02 Lancaster Ave, a 37 unit building at 4112 Lancaster Ave, a 49 unit mixed-use complex on the 4300 block of Lancaster, and a 5-story 10-unit new construction right next door on the block. There is also a new community park directly behind the property. This building would be great for either an owner occupant or investor. Schedule your showing today! Seller is licensed PA real estate agent. Property is certified lead FREE.

Last Agent to Sell the Property

Rodney Ross

KW Commercial License #RS314073 Listed on: 09/06/2023

KW Commercial

Last Buyer's Agent

Rodney Ross

KW Commercial License #RS314073 Listed on: 09/06/2023

KW Commercial

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $768

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 1,345 Sq Ft Lot
  • Lot Dimensions are 20.00 x 53.00
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • 2,920 Sq Ft Home
  • Triplex
  • Masonry

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Net Operating Income $45,800

Listing and Financial Details

  • Tax Lot 161
  • Assessor Parcel Number 882933730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$768

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: Yes
  • Year Built: 2023
  • Year Renovated: 2023
  • Automatically Close On Close Date: No
  • Special Features: 4098
  • Stories: 0

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Total Sq Ft: 2920
  • Living Area Sq Ft: 2920
  • Price Per Sq Ft: 179.79
  • Above Grade Finished Sq Ft: 2920
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4416

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Construction Completed: Yes
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: 3rd Party

Lot Info

  • Land Use Code: AC0
  • Lot Size Acres: 0.03
  • Lot Dimensions: 20.00 x 53.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1345.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: CMX2

Rental Info

  • Total Actual Rent: 52080.00
  • Units Furnished: All
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 421.00
  • Tax Annual Amount: 768.00
  • Assessor Parcel Number: 882933730
  • Tax Lot: 161
  • Tax Total Finished Sq Ft: 2920
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 01/31/2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Dec 7, 2023
Sold by
Giller Realty 2 Llc
Bought by
Bjj Realty Llc
Seller's Agent
Rodney Ross
KW Commercial
Buyer's Agent
Rodney Ross
KW Commercial
List Price
$550,000
Sold Price
$490,000
Premium/Discount to List
-$60,000
-10.91%
Views
28
Current Estimated Value
$535,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,798
Avg. Annual Appreciation
5.71%
Original Mortgage
$367,500
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2019
Sold by
Morris Mary
Bought by
Affordable Housing Project Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 7, 2019
Sold by
Williams Angela and Williams Delita
Bought by
T & M Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 20, 2009
Sold by
Drakopoulos Suzanne
Bought by
Karamitopoulos Effie

Purchase Details

Closed on
Nov 29, 2001
Sold by
Karamitopoulos Thomas
Bought by
Drakopoulos Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.67%
Mortgage Type
Seller Take Back
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
Bjj Realty Llc $490,000 City Abstract
Affordable Housing Project Llc $75,000 Mba Abstract Inc
Giller Realty 2 Llc $165,000 Mba Abstract Inc
T & M Investors Llc $20,000 Mba Abstract Inc
Karamitopoulos Effie $30,000 None Available
Drakopoulos Suzanne $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bjj Realty Llc $367,500
Previous Owner Affordable Housing Project Llc $80,000
Previous Owner Drakopoulos Suzanne $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $490,000 -6.7% $168 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
09/28/2023 09/28/23 Price Changed $525,000 -4.5% $180 / Sq Ft
09/06/2023 09/06/23 For Sale $550,000 -- $188 / 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 $768 $463,900 $92,780 $371,120
2024 $768 $463,900 $92,780 $371,120
2023 $768 $54,900 $10,971 $43,929
2022 $703 $54,900 $10,971 $43,929
2021 $703 $0 $0 $0
2020 $703 $0 $0 $0
2019 $699 $0 $0 $0
2018 $700 $0 $0 $0
2017 $962 $0 $0 $0
2016 $962 $0 $0 $0
2015 $921 $0 $0 $0
2014 -- $68,700 $10,600 $58,100
2012 -- $5,152 $1,288 $3,864
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Rodney Ross

    KW Commercial

    (267) 713-3669

    6 in this area

    95 Total Sales

    Rodney Ross
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Map

Source: Bright MLS

MLS Number: PAPH2274954

Bright MLS

APN: 871000228

Pennsylvania Philadelphia County Philadelphia 19104 Mill Creek

4416 Lancaster Ave, Philadelphia, PA

This home is located at 4416 Lancaster Ave, Philadelphia, PA 19104 since 06 September 2023 and is currently estimated at $535,798, approximately $183 per square foot. This property was built in 2023. 4416 Lancaster Ave is a home located in Philadelphia County with nearby schools including Martha Washington Academics Plus School, West Philadelphia High School, and Our Mother of Sorrows/St. Ignatius of Loyola Catholic School.

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