Seller's Agent in 2023
Gazi Ataseven
HomeSmart Realty Advisors
(267) 774-6886
3 in this area
306 Total Sales
4506 Merion Ave Philadelphia, PA 19131
Mill Creek NeighborhoodEstimated Value: $67,000 - $620,229
--
Bed
--
Bath
3,000
Sq Ft
$152/Sq Ft
Est. Value
Highlights
- New Construction
- 1-minute walk to Lancaster Avenue And 45Th Street
- Property is in excellent condition
- 90% Forced Air Heating and Cooling System
- 60+ Gallon Tank
- 5-minute walk to Clara Muhammad Square
About This Home
As of September 2023FULLY RENTED !!! Welcome to 4506 Merion Ave, Stunningly Finished, Brand New Duplex located in Belmont, one of the rapidly developing sections of Philadelphia. This Gorgeous Multi-Family New Construction Duplex was built by the meticulous and respected builder, NHA Development who spared no expense in building this property to ensure maximum rental income.
As soon as you walk in, you will see how much special attentions have been giving to this exclusive high-quality finished duplex. This beautiful Brand-New Duplex is conveniently located, and it provides easy access to all major transportation.
The duplex sits on a generous size lot which allows all the units to be much larger than regular units. This amazing duplex offers almost 1500 sqft of livable space for each unit. Unit #1 is bi-level, offering over 1500 sqft with 3 extremely large bedrooms, 3 custom baths, and a huge backyard. Unit #2 is also bi-level, over 1500 sqft with 3 massive bedrooms, 3 custom baths, and an incredible rooftop deck.
UNIT 1#2 ARE RENTED at 2000$. It is fully rented now !!! THIS MONEY MACHINE IS COLLECTING $4000 in a month. THIS AMAZING DUPLEX IS GENERATING POSITIVE CASH FLOW With ZERO MAINTENANCE AND APPROVED 10 YEARS TAX ABATEMENT.
All units feature high-quality flooring, state-of-the-art kitchen with shaker cabinets and stainless steel appliances, custom tile work all bathrooms, and more.
This building is 1 block from BOTH the #10 and #36 trolleys for easy access to Drexel/Penn, Center City, and more. Both the #43 and #64 bus lines stop qt the corner as well in front of the building.
This DUPLEX is not only in a convenient location, where property values are appreciating; but it's also located in the Qualified opportunity zone (QOZ) and approved 10 Years Tax Abatement making this a very secure investment. I invite you to take advantage of this life opportunity to own this stunning duplex. There is not much to say !!!. Actions speaks louder than words!!!. This is a life opportunity to own it. You will not be disappointed to see this duplex. Please reach out for showing.
Last Agent to Sell the Property
HomeSmart Realty Advisors License #RM426020 Listed on: 05/26/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $239
Year Built
- Built in 2023 | New Construction
Lot Details
- 945 Sq Ft Lot
- Lot Dimensions are 14.00 x 68.00
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- 3,000 Sq Ft Home
- Duplex
- Bi-Level Home
- Brick Exterior Construction
- Aluminum Siding
Utilities
- 90% Forced Air Heating and Cooling System
- 60+ Gallon Tank
Community Details
- 4 Units
- 1 Vacant Unit
Listing and Financial Details
- The owner pays for real estate taxes
- Tax Lot 195
- Assessor Parcel Number 062032200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 26, 2023
Closed on
Sep 8, 2023
Sold by
Modern Structure Llc
Bought by
Oge Ali Emre and Oge Bilal
Seller's Agent
Gazi Ataseven
HomeSmart Realty Advisors
Buyer's Agent
Gazi Ataseven
HomeSmart Realty Advisors
List Price
$585,000
Sold Price
$557,500
Premium/Discount to List
-$27,500
-4.7%
Views
68
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
-$100,693
Avg. Annual Appreciation
-9.89%
Purchase Details
Closed on
Apr 15, 2022
Sold by
Philadelphia Developments Llc
Bought by
Modern Structure Llc
Purchase Details
Closed on
Aug 26, 2021
Sold by
Kemal Erciyas
Bought by
Philadelphia Developments Llc
Purchase Details
Closed on
Nov 22, 2019
Sold by
Pebble Development Llc
Bought by
Erciyas Kemal
Purchase Details
Closed on
Nov 9, 2017
Sold by
Douglas Kathleen and Higgins George
Bought by
Pebble Development Llc
Purchase Details
Closed on
Jan 28, 1988
Bought by
Douglas Kathleen and Higgins George
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 |
|---|---|---|---|
| Oge Ali Emre | $557,500 | None Listed On Document | |
| Modern Structure Llc | $1,000 | American Legal Abstract | |
| Philadelphia Developments Llc | $95,000 | J & A Abstract | |
| Erciyas Kemal | $20,000 | J&A Abstract Inc | |
| Pebble Development Llc | $5,300 | None Available | |
| Douglas Kathleen | $3,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Modern Structure Llc | $390,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/12/2023 09/12/23 | Sold | $557,500 | -4.7% | $186 / Sq Ft |
| 05/26/2023 05/26/23 | For Sale | $585,000 | -- | $195 / 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 |
|---|---|---|---|---|
| 2025 | $239 | $44,600 | $44,600 | -- |
| 2024 | $239 | $44,600 | $44,600 | -- |
| 2023 | $239 | $17,100 | $17,100 | $0 |
| 2022 | $239 | $17,100 | $17,100 | $0 |
| 2021 | $87 | $0 | $0 | $0 |
| 2020 | $87 | $0 | $0 | $0 |
| 2019 | $87 | $0 | $0 | $0 |
| 2018 | $87 | $0 | $0 | $0 |
| 2017 | $87 | $0 | $0 | $0 |
| 2016 | $60 | $0 | $0 | $0 |
| 2015 | $58 | $0 | $0 | $0 |
| 2014 | -- | $4,300 | $4,300 | $0 |
| 2012 | -- | $480 | $480 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Gazi Ataseven
Map
Source: Bright MLS
MLS Number: PAPH2240364
APN: 062032200
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 917 N 45th St
- 959 N 45th St
- 925 Belmont Ave
- 927 Belmont Ave
- 972 N 45th St
- 911 Belmont Ave
- 939 Belmont Ave
- 978 N 45th St
- 4434 Lancaster Ave
- 899 N 45th St
- 901 Belmont Ave
- 4314 Pennsgrove St
- 4602 Lancaster Ave
- 4518 Westminster Ave
- 4526 Westminster Ave
- 866 N 44th St
- 1000 N 43rd St
- 4400 Lancaster Ave
- 917 N 43rd St
- 913 N 43rd St
- 4506 Merion Ave Unit B
- 4506 Merion Ave Unit A
- 4506 Merion Ave Unit 2
- 4506 Merion Ave Unit 1
- 4504 Merion Ave
- 4508 Merion Ave
- 4510 Merion Ave
- 4502 Merion Ave
- 4512 Merion Ave
- 928 N 45th St
- 926 N 45th St
- 930 N 45th St
- 924 N 45th St
- 922 N 45th St
- 920 N 45th St
- 918 N 45th St
- 935 N 45th St
- 916 N 45th St
- 914 N 45th St
- 920 Belmont Ave