NOT LISTED FOR SALE

Estimated Value: $210,093 - $215,000

-- Bed
2 Baths
1,350 Sq Ft
$157/Sq Ft Est. Value

Last Sold August 08, 2023

Last sale price $199,000 $147 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,413/month

5 Days on Market

Highlights

  • Instant Hot Water
  • Central Air
  • Hot Water Heating System

About This Home

As of August 2023

Calling all investors!!! Welcome to 5021 Race Street, a very well maintained duplex located in the vibrant West Philadelphia section of the city. This turn-key property is ideal for any investor looking to add to their rental portfolio. The first level unit is a 1 bed, 1 bath unit (w/ new vanity) and features beautiful original hardwood floors throughout. The living, dining and kitchen areas are all exceptionally spacious. The bedroom is adequately sized and features a huge closet. The lower level unit also has access to the backyard and enormous unfinished basement where the washer and dryer are located. As you walk into the front door of the second floor upper unit your attention will immediately be drawn to the beautiful gleaming hardwood staircase. This unit boasts 2 generous sized bedrooms, huge living area and open kitchen. This unit also has an in-unit washer and dryer. In addition to all of this, this duplex comes equipped with central a/c for both units. This property has a newly recoated roof with a transferable warranty, new water heaters, and newer heating system. The gas and electric are on separate meters. The water can easily split into two separate meters as well.  This property is in very good condition and has great bones. Conveniently located near University City by car or public transportation and less than a 10 minute commute by bicycle. Definitely a must see!

Last Agent to Sell the Property

Ronald Williams

KW Empower Listed on: 06/23/2023

KW Empower

Last Buyer's Agent

Khalid Aleem

Real of Pennsylvania

Real of Pennsylvania

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,863

Year Built

  • Built in 1925

Lot Details

  • 1,080 Sq Ft Lot
  • Lot Dimensions are 15.00 x 72.00

Parking

  • On-Street Parking

Home Design

  • 1,350 Sq Ft Home
  • Duplex
  • Brick Foundation
  • Masonry

Kitchen

  • Instant Hot Water

Utilities

  • Central Air
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 78
  • Assessor Parcel Number 441030100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,863

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-06-23
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 1350
  • Living Area Sq Ft: 1350
  • Price Per Sq Ft: 147.41
  • Above Grade Finished Sq Ft: 1350
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5021

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas, Instant Hot Water
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: 3rd Party

Lot Info

  • Land Use Code: U30
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15.00 x 72.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1080.00
  • Year Assessed: 2023
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 1571.00
  • Tax Annual Amount: 2863.00
  • Assessor Parcel Number: 441030100
  • Tax Lot: 78
  • Tax Total Finished Sq Ft: 1350
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/08/2023

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2023
Closed on
Jul 26, 2023
Sold by
Green Kenneth E and Green Thelma S
Bought by
Starnes Naignae
Seller's Agent
Ronald Williams
KW Empower
Buyer's Agent
Khalid Aleem
Real of Pennsylvania
List Price
$199,000
Sold Price
$199,000
Views
86
Current Estimated Value
$212,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,031
Avg. Annual Appreciation
3.31%
Original Mortgage
$191,000
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2020
Sold by
Green Jason T
Bought by
Green Kenneth E and Green Thelma S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,875
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 28, 2014
Closed on
Dec 19, 2014
Sold by
Gallashaw Emmett and The Estate Of Theresa Stokes
Bought by
Green Jason T
Seller's Agent
Emily Qing Hui Wang
Century 21 Advantage Gold-South Philadelphia
Buyer's Agent
Emily Qing Hui Wang
Century 21 Advantage Gold-South Philadelphia
List Price
$84,990
Sold Price
$25,000
Premium/Discount to List
-$59,990
-70.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.53%

Purchase Details

Closed on
Nov 12, 2013
Sold by
Gallashaw Emmett
Bought by
Estate Of Theresa Stokes

Purchase Details

Closed on
May 9, 1955
Bought by
Richard Stokes-Theresa
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
Starnes Naignae $199,000 None Listed On Document
Green Kenneth E $142,500 City Abstract
Green Jason T $25,000 Colony Abstract Co Inc
Estate Of Theresa Stokes -- None Available
Richard Stokes-Theresa $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Starnes Naignae $191,000
Closed Starnes Naignae $191,000
Previous Owner Green Kenneth E $106,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2023 08/08/23 Sold $199,000 0.0% $147 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
06/23/2023 06/23/23 For Sale $199,000 +696.0% $147 / Sq Ft
01/14/2015 01/14/15 Sold $25,000 -70.6% $19 / Sq Ft
12/31/2014 12/31/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $84,990 -- $63 / 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 $2,864 $163,200 $32,640 $130,560
2024 $2,864 $163,200 $32,640 $130,560
2023 $2,864 $204,600 $40,920 $163,680
2022 $1,195 $204,600 $40,920 $163,680
2021 $1,195 $0 $0 $0
2020 $1,195 $0 $0 $0
2019 $1,151 $0 $0 $0
2018 $725 $0 $0 $0
2017 $725 $0 $0 $0
2016 $725 $0 $0 $0
2015 $812 $0 $0 $0
2014 -- $60,600 $5,301 $55,299
2012 -- $6,240 $909 $5,331
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2249522

Bright MLS

APN: 441030100