NOT LISTED FOR SALE

5031 Portico St Philadelphia, PA 19144

Germantown Neighborhood

Estimated Value: $301,000 - $368,199

-- Bed
1 Bath
1,767 Sq Ft
$186/Sq Ft Est. Value

Last Sold April 10, 2024

Last sale price $305,000 $173 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,936/month

31 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Property is in very good condition

About This Home

As of April 2024

HUGE SAVINGS OPPORTUNITY!!! Buyer could get 1% lower rate 5.625% from local lender and NO PMI if less than 20%!! Ask me for more details!

The owner has recently acquired the rear lot, poised to construct an additional eight units in 2025, promising added value and potential for expansion. The first floor boasts convenient backyard access with a privacy fence, creating a serene outdoor space for relaxation.

This property features two distinct units:

Unit 1: 2 beds, 1 bath
Unit 2: 3 bed, 1 bath

A lucrative opportunity awaits investors, with Section 8 currently paying up to $1764 for two-bedroom units and $2136 for three-bedroom units, totaling a substantial annual income of up to $46,000. Moreover, the property is conveniently located just steps away from the 23 bus route, enhancing accessibility and convenience to Chestnut Hill or Center City!!!
Don't miss your chance to capitalize on this promising investment in the heart of Germantown's rich history and growth.

Last Agent to Sell the Property

Chardae Taylor

(267) 496-4967 chartaylor@kw.com KW Empower Listed on: 02/09/2024

KW Empower

Co-Listed By

Noah Ostroff

(215) 607-6007 info@phillyliving.com KW Empower License #RS308424

Last Buyer's Agent

Nguyet Le

(215) 917-8797 nguyet.le1415@gmail.com Philadelphia Homes License #RS350908

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,395

Year Built

  • Built in 1915

Lot Details

  • 938 Sq Ft Lot
  • Lot Dimensions are 38.00 x 25.00
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Bi-Level Home
  • Architectural Shingle Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1,767 Sq Ft Home
  • Wood Flooring

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater
  • Public Septic

Community Details

  • 2 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 216
  • Assessor Parcel Number 123135800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,395

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Bi-Level
  • Ownership: Fee Simple
  • Inclusions: Fridges, Microwaves, dishwashers all in as is condition
  • New Construction: No
  • Expected On Market: 2024-02-09
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: HUGE SAVINGS OPPORTUNITY!!! Buyer could get 1% lower rate 5.625% from local lender and NO PMI if less than 20%!! Ask me for more details! The owner has recently acquired the rear lot, poised to construct an additional eight units in 2025, promising added value and potential for expansion. The first floor boasts convenient backyard access with a privacy fence, creating a serene outdoor space for relaxation. This property features two distinct units: Unit 1: 2 beds, 1 bath Unit 2: 3 bed, 1 bath A lucrative opportunity awaits investors, with Section 8 currently paying up to $1764 for two-bedroom units and $2136 for three-bedroom units, totaling a substantial annual income of up to $46,000. Moreover, the property is conveniently located just steps away from the 23 bus route, enhancing accessibility and convenience to Chestnut Hill or Center City!!! Don't miss your chance to capitalize on this promising investment in the heart of Germantown's rich history and growth.
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Room Count: 5
  • Basement: No
  • Total Sq Ft: 1767
  • Living Area Sq Ft: 1767
  • Price Per Sq Ft: 186.76
  • Above Grade Finished Sq Ft: 1767
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5031

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Roof: Architectural Shingle
  • 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 Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Schools

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

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 38.00 x 25.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 938.00
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 1314.00
  • Tax Annual Amount: 2395.00
  • Assessor Parcel Number: 123135800
  • Tax Lot: 216
  • Tax Total Finished Sq Ft: 1767
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/10/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2024
Closed on
Apr 5, 2024
Sold by
New Home Views Llc
Bought by
Le Nguyet
Seller's Agent
Chardae Taylor
KW Empower
Buyer's Agent
Nguyet Le
Philadelphia Homes
List Price
$350,000
Sold Price
$305,000
Premium/Discount to List
-$45,000
-12.86%
Views
54
Current Estimated Value
$328,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,733
Avg. Annual Appreciation
4.17%
Original Mortgage
$299,475
Outstanding Balance
$296,086
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$27,383

Purchase Details

Closed on
Aug 1, 2023
Sold by
Sawyer Juliet
Bought by
New Home Views Llc

Purchase Details

Closed on
May 4, 1990
Bought by
Sawyer Joliet
Source: Public Records

Range of Values:

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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
Le Nguyet $305,000 City Abstract
New Home Views Llc $80,000 Prosperity Abstract
Sawyer Joliet $3,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Le Nguyet $299,475
Previous Owner Sawyer Juliet T $62,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Off Market -- -- --
01/28/2025 01/28/25 For Rent -- -- --
04/10/2024 04/10/24 Sold $305,000 -7.6% $173 / Sq Ft
03/06/2024 03/06/24 Price Changed $330,000 -2.7% $187 / Sq Ft
02/16/2024 02/16/24 Price Changed $339,000 -3.1% $192 / Sq Ft
02/09/2024 02/09/24 For Sale $350,000 -- $198 / 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 $2,395 $234,600 $46,920 $187,680
2024 $2,395 $234,600 $46,920 $187,680
2023 $2,395 $171,100 $34,220 $136,880
2022 $1,187 $171,100 $34,220 $136,880
2021 $1,187 $0 $0 $0
2020 $1,187 $0 $0 $0
2019 $1,172 $0 $0 $0
2018 $1,086 $0 $0 $0
2017 $1,086 $0 $0 $0
2016 $1,050 $0 $0 $0
2015 $1,076 $0 $0 $0
2014 -- $80,300 $5,532 $74,768
2012 -- $6,528 $1,347 $5,181
Source: Public Records

Agents Affiliated with this Home

  • Chardae Taylor

    Seller's Agent in 2024

    Chardae Taylor

    KW Empower

    (267) 496-4967

    1 in this area

    30 Total Sales

    Chardae Taylor
    Section Image
  • Noah Ostroff

    Seller Co-Listing Agent in 2024

    Noah Ostroff

    KW Empower

    (215) 607-6007

    5 in this area

    757 Total Sales

    Noah Ostroff
    Section Image

  • N

    Buyer's Agent in 2024

    Nguyet Le

    Philadelphia Homes

    (215) 917-8797

    1 in this area

    15 Total Sales

    Nguyet Le
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: PAPH2319724

Bright MLS

APN: 123135800

Pennsylvania Philadelphia County Philadelphia 19144 Germantown

5031 Portico St, Philadelphia, PA

This home is located at 5031 Portico St, Philadelphia, PA 19144 since 09 February 2024 and is currently estimated at $328,733, approximately $186 per square foot. This property was built in 1915. 5031 Portico St is a home located in Philadelphia County with nearby schools including John B. Kelly School, Martin Luther King High School, and John Wister Elementary School.

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