$650,000
SOLD MAY 4, 2018
-- Bed
-- Bath
2,795 Sq Ft
1,890 Sq Ft Lot

Recently Sold

$233 Per Sq Ft

Highlights

  • Wood Flooring
  • 4-minute walk to 46Th Street
  • ENERGY STAR Qualified Equipment
  • No HOA
  • En-Suite Primary Bedroom
  • 1-minute walk to Walnut Hill Community Playground

About This Home

As of September 2023

This incredible, income-producing property has just undergone an extensive renovation and is ready for new ownership. This large, Walnut Hill property has just been transformed (legally) into a four-unit residence, ready to provide years and years of steady revenue. Of the total four units, one is a studio, one is a two bedroom and two bathroom and the remaining two units have two bedrooms and one bathroom each. Featured prominently are hardwood floors, recessed lighting, neutral paint and crisp white trim. Each kitchen has durable granite countertops, stone backsplashes, ample cabinetry, and stainless steel appliances, including a microwave and a dishwasher (no dishwasher in studio unit). Each bathroom is kept bright with neutral ceramic tiling and contemporary fixtures. Every unit contains dedicated laundry facilities and energy-efficient mini split systems for both heating and cooling. The front of the property has a large yard and a classic stone exterior. The backyard features a deck and a parking spot (rented with one of the units). Mere blocks from the Market-Frankford El (7-minute ride to City Hall), bus lines on Baltimore Ave, Clark Park, UPenn, Drexel and USciences, this property will rent consistently for years to come. Tenants have recently been secured for three of the four units as follows: Studio rented for $750/month, 2BR/2BA and parking rented for $1550/month, 2BR/1BA rented for $1250/month. The final 2BR/1BA is actively being marketed and should be rented shortly. The property has a ten year tax abatement. Leases will be available for the review period as stipulated by the AOS.

Last Agent to Sell the Property

ASHLEY SANTEE

Houwzer, LLC License #TREND:60061377 Listed on: 04/03/2018

Last Buyer's Agent

KATRINA MINK

Compass RE

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,542

Year Built

  • Built in 1925

Lot Details

  • 1,890 Sq Ft Lot
  • Lot Dimensions are 16x115

Home Design

  • Quadruplex
  • Stone Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,795 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Flooring

  • Wood
  • Tile or Brick

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • On-Street Parking

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment

Utilities

  • Heating Available
  • 200+ Amp Service
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 139
  • Assessor Parcel Number 601041500

Community Details

Overview

  • No Home Owners Association
  • Walnut Hill Subdivision

Building Details

  • Operating Expense $2,542

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,542

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Remarks Public: This incredible, income-producing property has just undergone an extensive renovation and is ready for new ownership. This large, Walnut Hill property has just been transformed (legally) into a four-unit residence, ready to provide years and years of steady revenue. Of the total four units, one is a studio, one is a two bedroom and two bathroom and the remaining two units have two bedrooms and one bathroom each. Featured prominently are hardwood floors, recessed lighting, neutral paint and crisp white trim. Each kitchen has durable granite countertops, stone backsplashes, ample cabinetry, and stainless steel appliances, including a microwave and a dishwasher (no dishwasher in studio unit). Each bathroom is kept bright with neutral ceramic tiling and contemporary fixtures. Every unit contains dedicated laundry facilities and energy-efficient mini split systems for both heating and cooling. The front of the property has a large yard and a classic stone exterior. The backyard features a deck and a parking spot (rented with one of the units). Mere blocks from the Market-Frankford El (7-minute ride to City Hall), bus lines on Baltimore Ave, Clark Park, UPenn, Drexel and USciences, this property will rent consistently for years to come. Tenants have recently been secured for three of the four units as follows: Studio rented for $750/month, 2BR/2BA and parking rented for $1550/month, 2BR/1BA rented for $1250/month. The final 2BR/1BA is actively being marketed and should be rented shortly. The property has a ten year tax abatement. Leases will be available for the review period as stipulated by the AOS.
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Wood, Tile/Brick
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2795
  • Living Area Sq Ft: 2795
  • Price Per Sq Ft: 232.56
  • Above Grade Finished Sq Ft: 2795
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4633

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stone
  • Exterior Features: Sidewalks
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Parking Features: Street
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Energy Star Cooling System
  • Electric Service: 200+ Amp Service
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Improvement Assessed Value: 120667.00
  • Land Assessed Value: 60933.00
  • Land Use Code: U30
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16X115
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1890.00
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 1323286
  • Tax Annual Amount: 2542.00
  • Assessor Parcel Number: 601041500
  • Tax Lot: 139
  • Tax Year: 2018
  • Close Date: 05/04/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Sep 13, 2023
Sold by
4633 Walnut St Llc
Bought by
Li Wen Xin
Seller's Agent
Reda Akbil
Compass RE
Buyer's Agent
Reda Akbil
Compass RE
List Price
$865,000
Sold Price
$700,000
Premium/Discount to List
-$165,000
-19.08%
Views
57
Current Estimated Value
$802,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,382
Avg. Annual Appreciation
5.43%

Purchase Details

Listed on
Apr 3, 2018
Closed on
May 2, 2018
Sold by
4633 Walnut Street Partners Llc
Bought by
4633 Walnut St Llc
Seller's Agent
ASHLEY SANTEE
Houwzer, LLC
Buyer's Agent
KATRINA MINK
Compass RE
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.39%

Purchase Details

Listed on
May 25, 2016
Closed on
Oct 13, 2016
Sold by
Carter Brian and Gamble Regina E
Bought by
4633 Walnut Street Partners Llc
Seller's Agent
Joseph Catroppa
BHHS Fox & Roach-Center City Walnut
Buyer's Agent
Joseph Catroppa
BHHS Fox & Roach-Center City Walnut
List Price
$119,900
Sold Price
$115,000
Premium/Discount to List
-$4,900
-4.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
205.70%

Purchase Details

Closed on
May 20, 2014
Sold by
Carter Brian and Chaderton Pauline
Bought by
Carter Brian

Purchase Details

Closed on
Jan 22, 1993
Bought by
Chaderton Pauline Tr
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 Type Sale Price Title Company
Deed $700,000 None Listed On Document
Deed $650,000 First Platinum Abstract Llc
Deed $115,000 None Available
Deed -- None Available
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $270,700 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2023 09/19/23 Sold $700,000 -19.1% $251 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $865,000 +33.1% $310 / Sq Ft
05/04/2018 05/04/18 Sold $650,000 0.0% $233 / Sq Ft
04/07/2018 04/07/18 Pending -- -- --
04/03/2018 04/03/18 For Sale $650,000 +465.2% $233 / Sq Ft
10/14/2016 10/14/16 Sold $115,000 -4.1% $53 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $119,900 -- $55 / 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 $4,454 $1,017,200 $203,440 $813,760
2024 $4,454 $1,017,200 $203,440 $813,760
2023 $4,454 $685,800 $137,160 $548,640
2022 $2,882 $318,211 $137,160 $181,051
2021 $2,882 $0 $0 $0
2020 $2,882 $0 $0 $0
2019 $2,806 $0 $0 $0
2018 $3,736 $0 $0 $0
2017 $3,736 $0 $0 $0
2016 $3,736 $0 $0 $0
2015 $5,063 $0 $0 $0
2014 -- $377,800 $59,717 $318,083
2012 -- $7,232 $1,446 $5,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000336722

Bright MLS

APN: 601041500