Seller's Agent in 2023
Robert lamb
Compass RE
(215) 370-6798
7 in this area
166 Total Sales
468 E Walnut Ln Philadelphia, PA 19144
East Germantown NeighborhoodEstimated Value: $294,000 - $517,463
5
Beds
3
Baths
2,200
Sq Ft
$191/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- Upgraded Countertops
- Straight Thru Architecture
- No HOA
- Sitting Room
About This Home
As of April 2023Incredible opportunity to own a 3 unit building in the heart of Germantown. This income generating property is perfect for an ambitious owner occupant or the savvy investor that has a keen eye for neighborhoods that are prime for development. Aside from its convenient location, 468 E Walnut Lane comprises a one bedroom unit and 2 two bedroom units ready to rent immediately to produce cash flow. The classic single large building enjoys a charming front porch with curb appeal and a rear deck. On the interior, each unit is in exceptional condition featuring hardwood floors, carpeting, southern exposure facing windows, fully-equipped kitchens and baths. The units are highly desirable and the owners had full capacity rate with AirBNB. Create income traditionally or through AirBNB, the contemporary options and the long term hold strategies are profitable. The income potential is very attractive with an immediate opportunity to increase rent roll. Germantown Philadelphia has been a best kept secret for generations but is quickly being exposed to national interest. Philadelphia’s tremendous value compared to other major cities in the Northeast corridor is apparent and the new wave of the remote workplace is steadily increasing awareness of the city’s potential. Germantown Philadelphia is the crown jewel. This is the time to invest in Germantown as evidenced in the endless construction boom underway now. This property offers easy access to the culture of Center City, Mount Airy and Chestnut Hill. Investment in this triplex will surely pay dividends for years to come.
Last Agent to Sell the Property
(215) 370-6798 rob.lamb@compass.com Compass RE Listed on: 02/24/2023
Co-Listed By
(267) 435-8015 danyelle.lowmanbush@compass.com Compass RE License #RS343998
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,806
Year Built
- Built in 1930
Lot Details
- 2,354 Sq Ft Lot
- Lot Dimensions are 20.00 x 118.00
- Property is in excellent condition
- Property is zoned RSA3
Parking
- On-Street Parking
Home Design
- Straight Thru Architecture
- Stone Foundation
- Shingle Roof
- Rubber Roof
- Masonry
Interior Spaces
- 2,200 Sq Ft Home
- Property has 3 Levels
- Sitting Room
- Living Room
- Storage Room
- Laundry Room
Kitchen
- Eat-In Kitchen
- Upgraded Countertops
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Outdoor Features
- Deck
- Porch
Utilities
- Forced Air Heating and Cooling System
- 100 Amp Service
- Electric Water Heater
Community Details
- No Home Owners Association
- Germantown Subdivision
Listing and Financial Details
- Tax Lot 67
- Assessor Parcel Number 592065500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 24, 2023
Closed on
Apr 12, 2023
Sold by
Bush Danyelle
Bought by
Selfies 11 Llc
Seller's Agent
Robert lamb
Compass RE
Buyer's Agent
Devon Caudle
KW Empower
List Price
$425,000
Sold Price
$425,000
Views
162
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
-$5,884
Avg. Annual Appreciation
-1.89%
Original Mortgage
$340,000
Outstanding Balance
$331,945
Interest Rate
6.6%
Mortgage Type
Construction
Estimated Equity
$73,661
Purchase Details
Closed on
Apr 4, 2007
Sold by
Bush Michael and Bush Danielle
Bought by
Bush Danyelle
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 20, 2001
Sold by
Chase Manhattan Bank
Bought by
Bush Michael and Bush Danielle
Purchase Details
Closed on
Sep 25, 2000
Sold by
Spann Edward L
Bought by
Merrill Lynch Mtg Investors Inc and Litton Loan Servicing Lp
Purchase Details
Closed on
Sep 29, 1998
Sold by
Wilshire Funding Corp
Bought by
Spann Edward L
Purchase Details
Closed on
Dec 8, 1997
Sold by
Weyerhauser Mtg Co
Bought by
Wilshire Funding Corp
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 |
|---|---|---|---|
| Selfies 11 Llc | $425,000 | City Line Abstract | |
| Bush Danyelle | -- | None Available | |
| Bush Michael | $7,500 | -- | |
| Merrill Lynch Mtg Investors Inc | $5,400 | -- | |
| Spann Edward L | $15,675 | -- | |
| Wilshire Funding Corp | $6,100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Selfies 11 Llc | $340,000 | |
| Previous Owner | Bush Danyelle | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/21/2023 04/21/23 | Sold | $425,000 | 0.0% | $193 / Sq Ft |
| 03/11/2023 03/11/23 | Pending | -- | -- | -- |
| 02/24/2023 02/24/23 | For Sale | $425,000 | -- | $193 / 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 | $2,807 | $257,200 | $51,440 | $205,760 |
| 2024 | $2,807 | $257,200 | $51,440 | $205,760 |
| 2023 | $2,807 | $200,500 | $40,100 | $160,400 |
| 2022 | $2,272 | $200,500 | $40,100 | $160,400 |
| 2021 | $2,272 | $0 | $0 | $0 |
| 2020 | $2,272 | $0 | $0 | $0 |
| 2019 | $889 | $0 | $0 | $0 |
| 2018 | $2,096 | $0 | $0 | $0 |
| 2017 | $2,096 | $0 | $0 | $0 |
| 2016 | $2,096 | $0 | $0 | $0 |
| 2015 | $2,006 | $0 | $0 | $0 |
| 2014 | -- | $149,700 | $16,009 | $133,691 |
| 2012 | -- | $13,824 | $2,902 | $10,922 |
Source: Public Records
Agents Affiliated with this Home
-
Robert lamb
-
Danyelle Lowman-Bush
Seller Co-Listing Agent in 2023
Danyelle Lowman-Bush
Compass RE
(267) 435-8015
4 in this area
52 Total Sales
-
Devon Caudle
D
Buyer's Agent in 2023
Devon Caudle
KW Empower
2 in this area
20 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2204496
APN: 592065500
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