NOT LISTED FOR SALE

Estimated Value: $710,000 - $836,000

-- Bed
4 Baths
3,832 Sq Ft
$199/Sq Ft Est. Value

Last Sold September 14, 2021

Last sale price $610,000 $159 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,316/month

7 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Hot Water Heating System
  • Springfield High School Rated A-
  • 4 Car Attached Garage

About This Home

As of September 2021

Welcome to 501 Philmar Court located in award winning Springfield School District! This is not an everyday opportunity to own a Quadruplex on a cul-de-sac that backs up to the woods. This well maintained building has much to offer. All 4 units have 2 bedrooms, 1 bathroom, Living Rm/Dining Rm, TONS of closet space place additional bins in the basement for each unit. Three of the four units have been recently remodeled within the last few years with New Kitchens with Tile Flooring, Stainless Steel Appliances, New Carpeting and updated bathrooms. In the basement the tenants have their own Washer & Dryer as well as storage unit. There are four garages-two of the four have remote door openers. Tenants pay for all of their utilities except water. Building is wired for Comcast & Verizon FIOS. Close to all major highways such as Blue Route, I-95, Train Station & Center City. Call today for a personal tour!

Last Agent to Sell the Property

Joey Ferrell

RE/MAX Hometown Realtors License #RS320027 Listed on: 07/06/2021

RE/MAX Hometown Realtors

Last Buyer's Agent

Michelle Mcnichol

RE/MAX Hometown Realtors License #RS339570

RE/MAX Hometown Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,452

Year Built

  • Built in 1965

Lot Details

  • 10,629 Sq Ft Lot
  • Lot Dimensions are 45.00 x 119.00

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 3,832 Sq Ft Home
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven or Range
  • Dishwasher

Laundry

  • Washer
  • Gas Dryer

Schools

  • Sabold Elementary School
  • Richardson Middle School
  • Springfield High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 281-000
  • Assessor Parcel Number 42-00-04673-08

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Income includes apartment rentals
  • Net Operating Income $6,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,452

Year Built

Built in 1965

Lot Details

0

Parking

4

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: 4 WASHERS,4 DRYERS & 4 REFRIGERATORS-BEING SOLD AS-IS
  • New Construction: No
  • Expected On Market: 2021-07-06
  • Year Built: 1965
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 501 Philmar Court located in award winning Springfield School District! This is not an everyday opportunity to own a Quadruplex on a cul-de-sac that backs up to the woods. This well maintained building has much to offer. All 4 units have 2 bedrooms, 1 bathroom, Living Rm/Dining Rm, TONS of closet space place additional bins in the basement for each unit. Three of the four units have been recently remodeled within the last few years with New Kitchens with Tile Flooring, Stainless Steel Appliances, New Carpeting and updated bathrooms. In the basement the tenants have their own Washer & Dryer as well as storage unit. There are four garages-two of the four have remote door openers. Tenants pay for all of their utilities except water. Building is wired for Comcast & Verizon FIOS. Close to all major highways such as Blue Route, I-95, Train Station & Center City. Call today for a personal tour!
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer - Gas, Washer, Oven/Range - Gas, Dishwasher
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3832
  • Living Area Sq Ft: 3832
  • Price Per Sq Ft: 155.27
  • Above Grade Finished Sq Ft: 3832
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 501

Exterior Features

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

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Garage Features: Built In
  • Attached Garage Spaces: 4
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Phone Available
  • Monthly Water Average: 150
  • Water Previous Twelve Months: 1800.00
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: SPRINGFIELD
  • Elementary School: SABOLD
  • Middle School: RICHARDSON
  • High School: SPRINGFIELD
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397362
  • School District Source: Listing Agent
  • Elementary School: SABOLD
  • High School: SPRINGFIELD
  • Middle Or Junior School: RICHARDSON

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 407820.00
  • Land Assessed Value: 102250.00
  • Land Use Code: R-40
  • Lot Size Acres: 0.24
  • Lot Dimensions: 45.00 x 119.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10629.00
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Owner Pays: Water
  • Rent Control: No
  • Total Actual Rent: 57300.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 561222
  • School Tax: 10125.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 13452.00
  • Assessor Parcel Number: 42-00-04673-08
  • Tax Lot: 281-000
  • Tax Total Finished Sq Ft: 3832
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 09/14/2021

Multi Family

  • Income Includes: Apartment Rentals

MLS Schools

  • School District Name: SPRINGFIELD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Sep 17, 2021
Sold by
Gs Realty Llc
Bought by
Dsa Delco Ii Llc
Seller's Agent
Joey Ferrell
RE/MAX Hometown Realtors
Buyer's Agent
Michelle Mcnichol
RE/MAX Hometown Realtors
List Price
$595,000
Sold Price
$610,000
Premium/Discount to List
$15,000
2.52%
Current Estimated Value
$752,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,763
Avg. Annual Appreciation
4.65%
Original Mortgage
$457,500
Outstanding Balance
$421,698
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$307,020

Purchase Details

Listed on
Sep 14, 2015
Closed on
Jan 7, 2016
Sold by
Giacomucci Paul and Giacomucci Maria
Bought by
Gs Realty Llc
Seller's Agent
Michael McKee
Long & Foster Real Estate, Inc.
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$498,000
Sold Price
$445,000
Premium/Discount to List
-$53,000
-10.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%

Purchase Details

Closed on
Jul 15, 2008
Sold by
Carrigan Kevin and Carrigan Lillie
Bought by
Giacomucci Paul and Giacomucci Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2005
Sold by
Palmer Daniel J and Palmer Heather L
Bought by
Carrigan Kevin and Carrigan Lillie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 2005
Sold by
Palmer Daniel J
Bought by
Palmer Daniel J and Palmer Heather L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.71%
Mortgage Type
Commercial
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
Dsa Delco Ii Llc $610,000 Isave Abstract Llc
Gs Realty Llc $445,000 None Available
Giacomucci Paul $440,000 None Available
Carrigan Kevin $420,000 None Available
Palmer Daniel J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dsa Delco Ii Llc $457,500
Previous Owner Giacomucci Paul $240,000
Previous Owner Carrigan Kevin $336,000
Previous Owner Palmer Daniel J $240,000
Previous Owner Palmer Daniel J $238,575
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2021 09/14/21 Sold $610,000 +2.5% $159 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $595,000 +33.7% $155 / Sq Ft
01/12/2016 01/12/16 Sold $445,000 -10.6% --
11/11/2015 11/11/15 Pending -- -- --
09/14/2015 09/14/15 For Sale $498,000 -- --
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
2024 $14,336 $510,070 $102,250 $407,820
2023 $13,805 $510,070 $102,250 $407,820
2022 $13,506 $510,070 $102,250 $407,820
2021 $20,916 $510,070 $102,250 $407,820
2020 $10,793 $238,180 $49,160 $189,020
2019 $10,540 $238,180 $49,160 $189,020
2018 $10,389 $238,180 $0 $0
2017 $10,148 $238,180 $0 $0
2016 $1,307 $238,180 $0 $0
2015 $1,307 $238,180 $0 $0
2014 $1,334 $238,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PADE2001286

Bright MLS

APN: 42-00-04673-08