NOT LISTED FOR SALE

Estimated Value: $840,048 - $956,000

-- Bed
3 Baths
2,625 Sq Ft
$335/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $760,000 $290 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,217/month

42 Days on Market

Highlights

  • Victorian Architecture
  • 1-minute walk to Baltimore Avenue And 48Th Street
  • Radiator
  • No HOA
  • Property is in very good condition
  • 4-minute walk to Cedar Park

About This Home

As of October 2021

Meticulously maintained 4 unit turn-key investment property for sale in University City. This Quad includes one studio apartment, 2 one-bedroom units, and one 2 bedroom apartment. Each spacious apartment includes one bathroom. All of the apartments have been renovated, modernized, and include fully equipped kitchens with plenty of cabinetry and new appliances. Each apartment has its own mini-split air conditioning and heating system and each of the units includes its own clothes washer and dryer. There is a large landscaped backyard that is shared by all of the residents. All units are separately metered. The basement has been waterproofed with a french drain. All roofs were recently serviced and a new roof was installed on the front porch. All of the plumbing and wiring have been updated or replaced. The exterior and interior have been freshly painted. All windows have been capped and caulked. New cedar shake was installed on the bay window exteriors. A monitored central fire alarm system was installed. All of the work has been done to make this investment property a low-maintenance addition to your portfolio. Stable tenants with leases are in place. Schedule a tour today.

Last Agent to Sell the Property

Tom Englett

BHHS Fox & Roach At the Harper, Rittenhouse Square License #RS277112 Listed on: 06/16/2021

BHHS Fox & Roach At the Harper, Rittenhouse Square

Last Buyer's Agent

Tony Marchese

Coldwell Banker Realty License #RS325214

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,298

Year Built

  • Built in 1925

Lot Details

  • 2,599 Sq Ft Lot
  • Lot Dimensions are 25.92 x 100.26
  • Property is in very good condition

Home Design

  • 2,625 Sq Ft Home
  • Quadruplex
  • Victorian Architecture
  • Masonry

Utilities

  • Ductless Heating Or Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for trash collection, real estate taxes, common area maintenance, lawn/shrub care
  • Tax Lot 49
  • Assessor Parcel Number 461092900

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Insurance Expense $2,000
  • Trash Expense $300
  • Net Operating Income $56,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,298

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Victorian
  • Ownership: Fee Simple
  • Exclusions: Tenants personal property
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Total Sq Ft: 2625
  • Living Area Sq Ft: 2625
  • Price Per Sq Ft: 300.91
  • Above Grade Finished Sq Ft: 2625
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4738

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: N50
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25.92 x 100.26
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2599.00
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: CMX2

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Trash Collection, Taxes - Real Estate, Common Area Maintenance, Lawn/Shrub Care
  • Rent Control: No
  • Total Actual Rent: 65940.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 2907.00
  • Tax Annual Amount: 5298.00
  • Assessor Parcel Number: 461092900
  • Tax Lot: 49
  • Tax Total Finished Sq Ft: 2625
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 10/28/2021

Multi Family

  • Gross Income: 65940.00
  • Single Room Units Count: 1

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Oct 25, 2021
Sold by
Gregg Mohrmann
Bought by
Cargen Llc
Seller's Agent
Tom Englett
BHHS Fox & Roach At the Harper, Rittenhouse Square
Buyer's Agent
Tony Marchese
Coldwell Banker Realty
List Price
$789,900
Sold Price
$760,000
Premium/Discount to List
-$29,900
-3.79%
Current Estimated Value
$879,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,016
Avg. Annual Appreciation
3.77%
Original Mortgage
$570,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 24, 2015
Closed on
May 13, 2015
Sold by
Grimm Jennifer E and Grimm Duchesne Jennifer E
Bought by
Mohrmann Gregg
Seller's Agent
Melani Lamond
Compass RE
Buyer's Agent
Melani Lamond
Compass RE
List Price
$369,000
Sold Price
$380,000
Premium/Discount to List
$11,000
2.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.31%
Original Mortgage
$285,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2014
Sold by
Grimm Jennifer E and Grimm Judith N
Bought by
Grimm Jennifer E

Purchase Details

Closed on
Oct 15, 2001
Sold by
Cunningham Anna
Bought by
Grimm Jennifer E and Grimm Judith N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,822
Interest Rate
6.92%
Mortgage Type
FHA
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
Cargen Llc $760,000 Chicago Title
Mohrmann Gregg $380,000 None Available
Grimm Jennifer E -- None Available
Grimm Jennifer E $139,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cargen Llc $570,000
Previous Owner Mohrmann Gregg $285,000
Previous Owner Grimm Jennifer E $15,000
Previous Owner Grimm Jennifer E $10,000
Previous Owner Grimm Jennifer E $146,000
Previous Owner Grimm Jennifer E $15,000
Previous Owner Grimm Jennifer E $136,822
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $760,000 -3.8% $290 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $789,900 +107.9% $301 / Sq Ft
05/13/2015 05/13/15 Sold $380,000 +3.0% $145 / Sq Ft
03/26/2015 03/26/15 Pending -- -- --
03/24/2015 03/24/15 For Sale $369,000 -- $141 / 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 $5,235 $813,499 $162,700 $650,799
2024 $5,235 $813,499 $162,700 $650,799
2023 $5,235 $373,999 $74,800 $299,199
2022 $5,158 $364,000 $74,800 $289,200
2021 $5,298 $0 $0 $0
2020 $5,298 $0 $0 $0
2019 $5,099 $0 $0 $0
2018 $4,849 $0 $0 $0
2017 $4,954 $0 $0 $0
2016 $2,675 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $312,900 $67,452 $245,448
2012 -- $20,384 $8,510 $11,874
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH1010762

Bright MLS

APN: 461092900