NOT LISTED FOR SALE

Estimated Value: $655,000 - $758,000

-- Bed
4 Baths
3,900 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 30, 2013

Last sale price $425,000 $109 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,254/month

Highlights

  • 0.1 Acre Lot
  • No HOA
  • Laundry Facilities
  • Wood Flooring
  • En-Suite Primary Bedroom
  • 3-minute walk to Walnut Hill Community Playground

About This Home

As of September 2013

4641 Spruce Street is a 4-unit, 4-story converted row home containing four large 1-bedroom units, one on each floor. The first floor unit includes a den, and the 2nd and 3rd floor units have balconies. Built in 1916 and last renovated in 1988, the property features original construction common for the Garden Court neighborhood, such as a front porch, dark Spanish bricks, and a separate two-car garage. On the interior, immense care was taken during renovations to maintain as much of the original structure as possible, including unique windows, trimmings, and woodwork. The property has been well maintained; however, there is significant opportunity to add value by renovating the vacant basement and separate two-car garage. At only four units, this property is also an opportunity for a residential home conversion and financing. Can be sold as a package with 4626 Spruce St.

Last Agent to Sell the Property

BEN ARCE

benarce@gmail.com The Condo Shop License #TREND:60031115 Listed on: 05/29/2013

Co-Listed By

Gaurav Gambhir

(215) 478-6339 gaurav@tcsgroup.com KW Empower License #AB067538

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,887

Year Built

  • Built in 1913

Lot Details

  • 4,550 Sq Ft Lot
  • Lot Dimensions are 25x182
  • Property is in good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,900 Sq Ft Home
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 149
  • Assessor Parcel Number 461015500

Community Details

Overview

  • No Home Owners Association
  • University City Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Income includes laundry
  • Other Expense $14,594
  • Operating Expense $18,481

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,887

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 14594.00
  • Year Built: 1913
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Common
  • Total Sq Ft: 3900
  • Living Area Sq Ft: 3900
  • Price Per Sq Ft: 114.10
  • Above Grade Finished Sq Ft: 3900
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • 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: 2
  • Total Garage And Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 33190.00
  • Land Assessed Value: 7002.00
  • Lot Size Acres: 0.10
  • Lot Dimensions: 25X182
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4550.00
  • Property Condition: Good
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 47200.00
  • Income Includes: Laundry
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 1214524
  • Tax Annual Amount: 3887.00
  • Assessor Parcel Number: 461015500
  • Tax Lot: 149
  • Tax Year: 2013

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2013
Closed on
Sep 20, 2013
Sold by
Senderowicz Alejandro
Bought by
Delaware Valley Real Estate Holdings Llc
Seller's Agent
BEN ARCE
The Condo Shop
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$445,000
Sold Price
$425,000
Premium/Discount to List
-$20,000
-4.49%
Current Estimated Value
$706,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,500
Avg. Annual Appreciation
4.29%
Original Mortgage
$740,000
Outstanding Balance
$555,108
Interest Rate
4.61%
Mortgage Type
Commercial
Estimated Equity
$151,392

Purchase Details

Closed on
Dec 16, 2004
Sold by
Senderowicz Alejandro and Weiner Joan
Bought by
Senderowicz Alejandro
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
Delaware Valley Real Estate Holdings Llc $925,000 None Available
Senderowicz Alejandro -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delaware Valley Real Estate Holdings Llc $740,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2013 09/30/13 Sold $425,000 -4.5% $109 / Sq Ft
08/05/2013 08/05/13 Pending -- -- --
05/29/2013 05/29/13 For Sale $445,000 -- $114 / 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 $6,667 $852,600 $170,520 $682,080
2024 $6,667 $852,600 $170,520 $682,080
2023 $6,667 $476,300 $95,260 $381,040
2022 $7,699 $476,300 $95,260 $381,040
2021 $7,699 $0 $0 $0
2020 $7,699 $0 $0 $0
2019 $7,411 $0 $0 $0
2018 $6,520 $0 $0 $0
2017 $6,520 $0 $0 $0
2016 $6,520 $0 $0 $0
2015 $5,919 $0 $0 $0
2014 -- $441,700 $142,663 $299,037
2012 -- $40,192 $7,002 $33,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003466272

Bright MLS

APN: 461015500