NOT LISTED FOR SALE

Estimated Value: $399,000 - $418,000

-- Bed
1 Bath
2,400 Sq Ft
$169/Sq Ft Est. Value

Last Sold June 01, 2015

Last sale price $190,000 $79 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $2,563/month

23 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted In Outer Wall Opening
  • Ceiling Fan
  • No HOA
  • En-Suite Primary Bedroom
  • Radiator

About This Home

As of June 2015

Investor Alert!!! Solid University City Triplex money maker with tons of upside featuring 3 large, light filled 1 bedroom, 1 bathroom units. Current cash flow is 2,055/month and with all leases about to go month-to-month there is lots of potential to do cosmetic upgrades and increase rent rolls significantly. All units feature original hardwood flooring, classic Victorian style elements, including bay windows and alcoves, and large windows through out. More potential and rental income await as the back yard and large basement are currently underutilized. Get a first floor tenant who loves yard space and rehab the basement into a laundry room and extra storage. Close to Penn and Drexel, public transportation and all that University City has to offer within walking distance. Walk Score of 92! All utilities are separate. Tenants pay gas,electric, heat and hot water. Property sold in AS-IS condition.

Last Agent to Sell the Property

Chris Baker

Compass RE License #1968660 Listed on: 04/05/2015

Compass RE

Last Buyer's Agent

Jeff Block

Compass RE License #AB065556

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,704

Year Built

  • Built in 1916

Lot Details

  • 2,240 Sq Ft Lot
  • Lot Dimensions are 20x112
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,400 Sq Ft Home
  • Ceiling Fan
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 42
  • Assessor Parcel Number 601019200

Community Details

Overview

  • No Home Owners Association
  • University City Subdivision

Building Details

  • Electric Expense $250
  • Insurance Expense $1,604
  • Maintenance Expense $600
  • Operating Expense $6,358

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,704

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1916
  • Remarks Public: Investor Alert!!! Solid University City Triplex money maker with tons of upside featuring 3 large, light filled 1 bedroom, 1 bathroom units. Current cash flow is 2,055/month and with all leases about to go month-to-month there is lots of potential to do cosmetic upgrades and increase rent rolls significantly. All units feature original hardwood flooring, classic Victorian style elements, including bay windows and alcoves, and large windows through out. More potential and rental income await as the back yard and large basement are currently underutilized. Get a first floor tenant who loves yard space and rehab the basement into a laundry room and extra storage. Close to Penn and Drexel, public transportation and all that University City has to offer within walking distance. Walk Score of 92! All utilities are separate. Tenants pay gas,electric, heat and hot water. Property sold in AS-IS condition.
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 83.13
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4932

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • 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
  • Cooling Type: Wall Unit
  • Cooling: Yes
  • Electric Expense: 250.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1200.00
  • 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: 179820.00
  • Land Assessed Value: 21980.00
  • Land Use Code: U50
  • Lot Size Acres: 0.05
  • Lot Dimensions: 20X112
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2240.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 24660.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1323109
  • Tax Annual Amount: 2704.00
  • Assessor Parcel Number: 601019200
  • Tax Lot: 42
  • Tax Year: 2015
  • Close Date: 06/01/2015

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2015
Closed on
Jun 1, 2015
Sold by
Edbl Inc
Bought by
Stephen Darren and Mcrae Stephen Kianna
Seller's Agent
Chris Baker
Compass RE
Buyer's Agent
Jeff Block
Compass RE
List Price
$205,000
Sold Price
$190,000
Premium/Discount to List
-$15,000
-7.32%
Current Estimated Value
$406,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,257
Avg. Annual Appreciation
7.00%
Original Mortgage
$142,500
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 2014
Sold by
Nia Managments Llc
Bought by
Edbl Inc

Purchase Details

Closed on
Aug 8, 2013
Sold by
Francine S Cross And 4934 Chestnut Stree
Bought by
Nia Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.51%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 14, 1995
Sold by
Truong Hieu Dinh and Tran Dung Ngoc
Bought by
Cross Francine S
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
Stephen Darren $190,000 None Available
Edbl Inc -- None Available
Nia Management Llc $300,000 None Available
Cross Francine S $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stephen Darren $208,000
Closed Stephen Darren $142,500
Previous Owner Nia Management Llc $345,000
Previous Owner Cross Francine $200,000
Previous Owner Cross Francine $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2015 06/01/15 Sold $190,000 -7.3% $79 / Sq Ft
04/28/2015 04/28/15 Pending -- -- --
04/05/2015 04/05/15 For Sale $205,000 -- $85 / 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 $4,199 $441,600 $88,320 $353,280
2024 $4,199 $441,600 $88,320 $353,280
2023 $4,199 $300,000 $60,000 $240,000
2022 $2,826 $300,000 $60,000 $240,000
2021 $2,826 $0 $0 $0
2020 $2,826 $0 $0 $0
2019 $2,721 $0 $0 $0
2018 $0 $0 $0 $0
2017 $2,825 $0 $0 $0
2016 $2,825 $0 $0 $0
2015 $2,704 $0 $0 $0
2014 -- $201,800 $21,980 $179,820
2012 -- $14,592 $2,919 $11,673
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000019430

Bright MLS

APN: 601019200