NOT LISTED FOR SALE

4507 Locust St Philadelphia, PA 19139

Cobbs Creek Neighborhood

Estimated Value: $392,186

0.06 Acre
$6,536,433 Price per Acre
2,495 Sq Ft Lot

Last Sold July 26, 2024

Last sale price $375,000

Est. 5% increase in value since last sale

Current estimated payment $2,140/month

204 Days on Market

About This Lot

As of July 2024

Tremendous investment opportunity in University City. Extra large vacant lot zoned CMX-2 and measuring 22 x 113. Rarely available parcel on a prime, tree-lined block filled with 3-story, porch-front, Victorian homes. CMX-2 will permit ground floor commercial space plus 5 dwelling units. Strategically positioned between Spruce Hill & Walnut Hill with tons of commercial space on nearby 45th St. and Walnut St. Short walk to Market/Frankford El and of course take advantage of everything University City has to offer with regional anchors UPenn and Drexel University. Purchase with separately available parcel at 222-224 S. 45th St. and create one mega development. Incredible opportunity, will not last! Buyer responsibility to confirm all zoning/use options.

Last Agent to Sell the Property

Bryan Capone

(215) 962-7541 bryan@caponephillyre.com KW Empower Listed on: 10/12/2023

KW Empower

Last Buyer's Agent

Stuart Udis

(215) 842-5844 stuart@parealtyadvisors.com PA Realty Advisors LLC License #3346492

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,048

Lot Details

  • 2,495 Sq Ft Lot
  • Lot Dimensions are 22.00 x 113.00
  • Property is zoned CMX2

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 885551340

Property Details

Property Type

Land

Est. Annual Taxes

$1,048

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 158.32

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.06
  • Lot Dimensions: 22.00 x 113.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2495.00
  • Zoning: CMX2
  • Farmland Preservation: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • School Tax: 575.00
  • Tax Annual Amount: 1048.00
  • Assessor Parcel Number: 885551340
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2025
Sold by
Penn Locust Llc
Bought by
Penn Locust Llc
Current Estimated Value
$392,186

Purchase Details

Listed on
Oct 12, 2023
Closed on
Jul 16, 2024
Sold by
Okazaki Linda L and Stuhltrager Vincent Edward
Bought by
Penn Locust Llc
Seller's Agent
Bryan Capone
KW Empower
Buyer's Agent
Stuart Udis
PA Realty Advisors LLC
List Price
$575,000
Sold Price
$375,000
Premium/Discount to List
-$200,000
-34.78%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.62%

Purchase Details

Closed on
Mar 10, 2016
Sold by
Okazaki Teruyuki and Okazaki Linda
Bought by
Okazaki Linda

Purchase Details

Closed on
Nov 12, 1987
Bought by
Okaaki Toruyuki and Okazaki Linda
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Penn Locust Llc -- None Listed On Document
Penn Locust Llc $1,100,000 None Listed On Document
Okazaki Linda -- None Available
Okaaki Toruyuki $6,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2024 07/26/24 Sold $375,000 -5.1% --
05/03/2024 05/03/24 Pending -- -- --
04/05/2024 04/05/24 Price Changed $395,000 -7.1% --
03/05/2024 03/05/24 Price Changed $425,000 -7.6% --
01/12/2024 01/12/24 Price Changed $460,000 -7.1% --
11/29/2023 11/29/23 Price Changed $495,000 -13.9% --
10/12/2023 10/12/23 For Sale $575,000 -- --
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 $1,048 $74,900 $74,900 --
2024 $1,048 $74,900 $74,900 --
2023 $1,048 $74,900 $74,900 $0
2022 $592 $74,900 $74,900 $0
2021 $592 $0 $0 $0
2020 $592 $0 $0 $0
2019 $592 $0 $0 $0
2018 $395 $0 $0 $0
2017 $258 $0 $0 $0
2016 $258 $0 $0 $0
2015 $1,798 $0 $0 $0
2014 -- $18,400 $18,400 $0
2012 -- $5,888 $5,888 $0
Source: Public Records

Agents Affiliated with this Home

  • Bryan Capone

    Seller's Agent in 2024

    Bryan Capone

    KW Empower

    (215) 962-7541

    3 in this area

    106 Total Sales

    Bryan Capone
    Section Image
  • Stuart Udis

    Buyer's Agent in 2024

    Stuart Udis

    PA Realty Advisors LLC

    (215) 842-5844

    2 in this area

    19 Total Sales

    Stuart Udis
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2286246

Bright MLS

APN: 885551340

Pennsylvania Philadelphia County Philadelphia 19139 Cobbs Creek

4507 Locust St, Philadelphia, PA

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