NOT LISTED FOR SALE

Estimated Value: $104,000 - $173,000

2 Beds
1 Bath
800 Sq Ft
$176/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $75,000 $94 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $834/month

Highlights

  • Straight Thru Architecture
  • No HOA
  • Radiator

About This Home

As of March 2021

Well maintained 2 bedroom 1 bath corner property. Currently there is a long term PHA section 8 tenant paying $695per month. The 2nd floor features original hardwood floors. Finished basement with washer/ dryer. Rents are below market value allowing for significate upside. This is a great opportunity to purchase a very solid rental portfolio that will provide an 11% cap rate with rents at market value! This is part of a 3 property package also including 3418 Hurley St & 3418 Goodman St. Asking price for the package is $216,000.

Last Agent to Sell the Property

Josh Mermelstein

(267) 228-3289 mermelstein.josh@gmail.com Fifth Realty License #RS324182 Listed on: 02/12/2021

Last Buyer's Agent

Josh Mermelstein

(267) 228-3289 mermelstein.josh@gmail.com Fifth Realty License #RS324182 Listed on: 02/12/2021

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $820

Year Built

  • Built in 1945

Lot Details

  • 640 Sq Ft Lot
  • Lot Dimensions are 16.00 x 40.00

Parking

  • On-Street Parking

Home Design

  • Straight Thru Architecture
  • Brick Exterior Construction

Interior Spaces

  • 800 Sq Ft Home
  • Property has 2 Levels
  • Finished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Radiator
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Olney Subdivision

Listing and Financial Details

  • Tax Lot 78
  • Assessor Parcel Number 422449300

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$820

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1945
  • Remarks Public: Well maintained 2 bedroom 1 bath corner property. Currently there is a long term PHA section 8 tenant paying $695per month. The 2nd floor features original hardwood floors. Finished basement with washer/ dryer. Rents are below market value allowing for significate upside. This is a great opportunity to purchase a very solid rental portfolio that will provide an 11% cap rate with rents at market value! This is part of a 3 property package also including 3418 Hurley St & 3418 Goodman St. Asking price for the package is $216,000.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 800
  • Living Area Sq Ft: 800
  • Price Per Sq Ft: 93.75
  • Above Grade Finished Sq Ft: 800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5001

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • 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

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

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 49810.00
  • Land Assessed Value: 8790.00
  • Land Use Code: O30
  • Lot Size Acres: 0.01
  • Lot Dimensions: 16.00 x 40.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 640.00
  • Year Assessed: 2020
  • Zoning: RSA5

Rental Info

  • Total Actual Rent: 8340.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1189598
  • School Tax: 450.00
  • Tax Annual Amount: 820.00
  • Assessor Parcel Number: 422449300
  • Tax Lot: 78
  • Tax Total Finished Sq Ft: 800
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 03/19/2021

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2021
Closed on
Mar 16, 2021
Sold by
Secure Holdings Llc
Bought by
Ela Llc
Seller's Agent
Josh Mermelstein
Fifth Realty
Buyer's Agent
Josh Mermelstein
Fifth Realty
List Price
$75,000
Sold Price
$75,000
Current Estimated Value
$140,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,939
Avg. Annual Appreciation
14.77%

Purchase Details

Closed on
Dec 14, 2011
Sold by
Stapleton Larrick B and Estate Of Manbichanh K Lathsab
Bought by
Secure Holdings Llc

Purchase Details

Closed on
Mar 10, 2009
Sold by
Thonesavanh Khamla
Bought by
Secure Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2002
Sold by
Vongnarath Phetsamone and Ketphanh Lone
Bought by
Thonesavanh Khamia and Lathsabouth Manichanh K
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
Ela Llc $195,000 Class Abstract
Secure Holdings Llc $8,000 None Available
Secure Holdings Llc $14,000 Lawyers Title Insurance Co
Thonesavanh Khamia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Secure Holdings Llc $33,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2021 03/19/21 Sold $75,000 0.0% $94 / Sq Ft
02/18/2021 02/18/21 Pending -- -- --
02/12/2021 02/12/21 For Sale $75,000 -- $94 / 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 $1,040 $99,900 $19,980 $79,920
2024 $1,040 $99,900 $19,980 $79,920
2023 $1,040 $74,300 $14,860 $59,440
2022 $820 $74,300 $14,860 $59,440
2021 $820 $0 $0 $0
2020 $820 $58,600 $8,790 $49,810
2019 $763 $0 $0 $0
2018 $796 $0 $0 $0
2017 $796 $0 $0 $0
2016 $796 $0 $0 $0
2015 $762 $0 $0 $0
2014 -- $56,900 $3,200 $53,700
2012 -- $7,104 $1,417 $5,687
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH986266

Bright MLS

APN: 422449300