NOT LISTED FOR SALE

Estimated Value: $709,000 - $864,833

-- Bed
-- Bath
3,000 Sq Ft
$263/Sq Ft Est. Value

Last Sold January 13, 2012

Last sale price $399,900 $133 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $4,719/month

Highlights

  • Wood Flooring
  • 1-minute walk to Baltimore Avenue And 48Th Street
  • Ceiling Fan
  • No HOA
  • En-Suite Primary Bedroom
  • 2-minute walk to Cedar Park

About This Home

As of January 2012

Stunning, five star renovation, in the heart of University City's booming Cedar Park neighborhood. Located along Baltimore Avenue right across the street from The Gold Standard Cafe, this property has the potential to produce about a 10% cap rate, truly a CASH COW! This bright and cheery three unit building contains a 1 bedroom and 1 bath unit on the lower level, and two 2 two bedroom 1 bath units on the second and third floors. There is also a storage unit on the first floor front for additional space. Each unit has... new cherry hardwood flooring throughout; the kitchens all have granite counter-tops, tile back-splash, SS appliance; beautiful three piece bathrooms containing tile accents and a deep soak tub; ceiling fans in every room; in unit washer and dryer; generously sized bedrooms... the list goes on! Oh wait.... did I mention that each unit has a built in music speaker system perfect for entertaining! You have to see this rehab to believe it. We are talking quality of construction at its finest

Last Agent to Sell the Property

ASHLEY M. DELFINER

agerson@cbpref.com Coldwell Banker Realty Listed on: 11/08/2011

Last Buyer's Agent

Steve Wittenberg

(215) 939-2080 steve@xcelpm.com Xcel Real Estate Group, LLC License #RM423105

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $343

Year Built

  • Built in 1905

Lot Details

  • 2,600 Sq Ft Lot
  • Lot Dimensions are 26x100
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Stone Foundation
  • Pitched Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,000 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Flooring

  • Wood
  • Tile or Brick

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • 200+ Amp Service
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 461087500

Community Details

Overview

  • No Home Owners Association
  • Cedar Park Subdivision

Building Details

  • Electric Expense $360
  • Insurance Expense $700
  • Operating Expense $2,103

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$343

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: Tenant's Property
  • Inclusions: In Each Unit- W/D, Fridge, Microwave, Stove
  • New Construction: No
  • Storage: Basement
  • Year Built: 1905
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Wood, Tile/Brick
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 3000
  • Living Area Sq Ft: 3000
  • Price Per Sq Ft: 133.30
  • Above Grade Finished Sq Ft: 3000
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 360.00
  • Electric Service: 200+ Amp Service, Circuit Breakers
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Gas, Electric, Baseboard
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 700.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 2032.00
  • Land Assessed Value: 1744.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: 26X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2600.00
  • Property Condition: Good
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 41400.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1215061
  • Tax Annual Amount: 343.00
  • Assessor Parcel Number: 461087500
  • Tax Lot: 26
  • Tax Year: 2011

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2017
Sold by
4817 Baltimore Avenue Lp
Bought by
Cash Cow Realty Llc
Current Estimated Value
$787,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$299,384
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$488,560

Purchase Details

Listed on
Nov 8, 2011
Closed on
Jan 13, 2012
Sold by
Piner Stephen S
Bought by
4817 Baltimore Avenue Lp
Seller's Agent
ASHLEY M. DELFINER
Coldwell Banker Realty
Buyer's Agent
Steve Wittenberg
Xcel Real Estate Group, LLC
List Price
$425,000
Sold Price
$399,900
Premium/Discount to List
-$25,100
-5.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.04%

Purchase Details

Closed on
May 13, 2011
Sold by
Burke William F and The Will Of Arthur J Kane
Bought by
Piner Stephen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
4.88%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 21, 2006
Sold by
Lynch William
Bought by
Kane Arthur J
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
Cash Cow Realty Llc $480,000 Olde City Abstract Inc
4817 Baltimore Avenue Lp $399,900 None Available
Piner Stephen S $49,000 None Available
Kane Arthur J $12,320 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cash Cow Realty Llc $360,000
Previous Owner Piner Stephen S $227,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2012 01/13/12 Sold $399,900 -5.9% $133 / Sq Ft
12/05/2011 12/05/11 Pending -- -- --
11/08/2011 11/08/11 For Sale $425,000 -- $142 / 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 $7,139 $766,900 $153,380 $613,520
2024 $7,139 $766,900 $153,380 $613,520
2023 $7,139 $510,000 $102,000 $408,000
2022 $5,963 $510,000 $102,000 $408,000
2021 $5,963 $0 $0 $0
2020 $5,963 $0 $0 $0
2019 $5,741 $0 $0 $0
2018 $5,690 $0 $0 $0
2017 $5,690 $0 $0 $0
2016 $5,690 $0 $0 $0
2015 $3,333 $0 $0 $0
2014 -- $248,700 $75,978 $172,722
2012 -- $3,776 $1,744 $2,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004568778

Bright MLS

APN: 461087500