Seller's Agent in 2017
Damon Michels
KW Main Line - Narberth
(610) 668-3400
651 Total Sales
4617 Locust St Philadelphia, PA 19139
Walnut Hill NeighborhoodEstimated Value: $593,000 - $680,754
--
Bed
2
Baths
2,700
Sq Ft
$232/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Security Gate
- Forced Air Heating and Cooling System
- No HOA
- En-Suite Primary Bedroom
- 3-minute walk to Spruce Hill Bird Sanctuary
About This Home
As of August 2017LOOKING FOR A TURN KEY INVESTMENT PROPERTY? This is it! Welcome to 4617 Locust Street in booming University City. This duplex was completely renovated 10 years ago and has been impressively maintained by its current owners. This unique property requires minimal maintenance for any investor and would make a perfect investment for an owner-occupant. Both units offer 3 large bedrooms, 1 full bathroom, 2 distinct living spaces, and ample sized kitchens. The building's original hardwood floors have been beautifully restored in the common areas, while bedrooms have been newly carpeted. Utilities for each unit are separate and paid by the tenants, and both apartments feature central A/C and overhead lightning. The unfinished basement offers approximately 1200 sq ft of additional storage space for the owner and/or the tenants. Located within walking distance of UPenn and Drexel, grocery stores, great restaurants, 24-hour CVS...this property has been very easy to rent throughout the owner's tenure. Call the listing agent for any questions.
Last Agent to Sell the Property
(610) 668-3400 damon@damonmichels.com KW Main Line - Narberth License #AB067731 Listed on: 05/10/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,257
Year Built
- Built in 1925
Lot Details
- 1,854 Sq Ft Lot
- Lot Dimensions are 19x100
Parking
- On-Street Parking
Home Design
- Duplex
- Flat Roof Shape
- Brick Exterior Construction
- Vinyl Siding
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- En-Suite Primary Bedroom
- 2,700 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Security Gate
- Laundry in unit
Flooring
- Wood
- Wall to Wall Carpet
- Tile or Brick
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 72
- Assessor Parcel Number 461005200
Community Details
Overview
- No Home Owners Association
- University City Subdivision
Building Details
- Operating Expense $4,257
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 10, 2017
Closed on
Aug 17, 2017
Sold by
Murry Robert B and Murry Suzanne Melissa
Bought by
Dorji Sonam and Dekey Kalsang
Seller's Agent
Damon Michels
KW Main Line - Narberth
Buyer's Agent
Jeff Block
Compass RE
List Price
$465,000
Sold Price
$400,000
Premium/Discount to List
-$65,000
-13.98%
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
$226,251
Avg. Annual Appreciation
5.63%
Original Mortgage
$300,000
Outstanding Balance
$249,455
Interest Rate
3.92%
Mortgage Type
Commercial
Estimated Equity
$376,796
Purchase Details
Closed on
Jan 31, 2006
Sold by
Sterling Melvin
Bought by
Murray Robert B and Murray Suzanne Melissa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,800
Interest Rate
6.27%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 4, 2004
Sold by
Jackson Earnestine and Norwest Bank Minnesota Na
Bought by
Sterling Melvin
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 |
|---|---|---|---|
| Dorji Sonam | $400,000 | None Available | |
| Murray Robert B | $346,000 | None Available | |
| Sterling Melvin | $174,100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dorji Sonam | $300,000 | |
| Previous Owner | Murray Robert B | $276,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2017 08/31/17 | Sold | $400,000 | -5.9% | $148 / Sq Ft |
| 07/22/2017 07/22/17 | Pending | -- | -- | -- |
| 07/10/2017 07/10/17 | Price Changed | $424,900 | -2.3% | $157 / Sq Ft |
| 06/13/2017 06/13/17 | Price Changed | $435,000 | -3.1% | $161 / Sq Ft |
| 05/25/2017 05/25/17 | Price Changed | $449,000 | -3.4% | $166 / Sq Ft |
| 05/10/2017 05/10/17 | For Sale | $465,000 | -- | $172 / 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 | $4,157 | $577,300 | $115,460 | $461,840 |
| 2024 | $4,157 | $577,300 | $115,460 | $461,840 |
| 2023 | $4,157 | $297,000 | $59,400 | $237,600 |
| 2022 | $5,577 | $297,000 | $59,400 | $237,600 |
| 2021 | $5,577 | $0 | $0 | $0 |
| 2020 | $5,577 | $0 | $0 | $0 |
| 2019 | $5,368 | $0 | $0 | $0 |
| 2018 | $4,257 | $0 | $0 | $0 |
| 2017 | $4,257 | $0 | $0 | $0 |
| 2016 | $4,257 | $0 | $0 | $0 |
| 2015 | $1,816 | $0 | $0 | $0 |
| 2014 | -- | $304,100 | $58,131 | $245,969 |
| 2012 | -- | $18,400 | $3,829 | $14,571 |
Source: Public Records
Agents Affiliated with this Home
-
Damon Michels
-
Sean Furber
Seller Co-Listing Agent in 2017
Sean Furber
Compass RE
(484) 278-1585
55 Total Sales
-
Jeff Block
Buyer's Agent in 2017
Jeff Block
Compass RE
(215) 833-7088
1 in this area
428 Total Sales
Map
Source: Bright MLS
MLS Number: 1003247653
APN: 461005200
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