5040 Hazel Ave Philadelphia, PA 19143
Cobbs Creek NeighborhoodEstimated Value: $517,000 - $745,571
--
Bed
--
Bath
2,544
Sq Ft
$257/Sq Ft
Est. Value
Highlights
- No HOA
- 5-minute walk to Baltimore Avenue And 51St Street
- North Facing Home
- En-Suite Primary Bedroom
- Forced Air Heating and Cooling System
- 3-minute walk to Malcolm X Park
About This Home
As of April 2016Large 3 unit, legally zoned twin triplex sits on a 20' x 100' lot. All units have separate utilities. University City's Garden Court area is close to Malcolm X Park, University of the Sciences, University of Penn, trolley and bus stops. Well maintained multi-unit has one, 1 bedroom, two 2-bedrooms, separate study room, full basement front porch and serene back yard. Perfect place for your rental portfolio, or live while attending schools and maintaining a stream of income to offset your mortgage and taxes. Gas Hi-Efficiency hot air furnaces, Central Air, electric hot water heaters, electric panels and a washer and dryer. Unit 1: First floor rear has 1 large bedroom, full tub in the bathroom on ceramic tile floor, oak kitchen cabinets, laminate wood flooring. Rental income is 730 per month with a lease ending April 30, 2017. Unit 2: The entire 2nd floor contains 2 large, big-windowed, carpeted bedrooms, bathroom with full sized tub on ceramic flooring and a large kitchen, living area on vinyl flooring. The washer and dryer for this unit is located in the basement. Rental income is 925 per month and the lease expires 6-30-2016. Unit 3: The entire 3rd floor contains 2 large, big windowed, carpeted bedrooms. The bathroom has a full sized tub, ceramic flooring and a large frosted window. Customized kitchen has a stainless steel dishwasher, stainless micro-wave, stainless refrigerator and a washer and dryer. There is a stainless topped center working island with plenty of cabinets and a pantry closet. Rental income is 1230 per month. This apartment utilizes a first floor separate studio for studying which contains a full sized bathroom, paying an additional 175 per month for the rental. The lease expires 6-30-2016. Rear Yard is landscaped with plantings, sitting area and compost area. Basement rear entry door from yard for all to use. Recently installed French perimeter drain, sump pit and pump and circulation fan.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,185
Year Built
- Built in 1925
Lot Details
- 2,200 Sq Ft Lot
- Lot Dimensions are 20x110
- North Facing Home
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Flat Roof Shape
- Brick Exterior Construction
- Stone Foundation
- Stone Siding
- Stucco
Interior Spaces
- En-Suite Primary Bedroom
- 2,544 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Storage In Attic
- Laundry in unit
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Electric Water Heater
Listing and Financial Details
- Tax Lot 40
- Assessor Parcel Number 462026900
Community Details
Overview
- No Home Owners Association
- University City Subdivision
Building Details
- Electric Expense $1,500
- Insurance Expense $1,800
- Maintenance Expense $1,200
- Operating Expense $9,885
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 2, 2016
Closed on
Apr 15, 2016
Sold by
Weisber Richar D C and Vonweisber Maxilien Von
Bought by
Fierro Hector and Mccoy Bridget
Seller's Agent
Nathan S. Naness
KW Empower
Buyer's Agent
Jacqui Greenberg
Compass RE
List Price
$379,900
Sold Price
$390,000
Premium/Discount to List
$10,100
2.66%
Total Days on Market
5
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$264,190
Avg. Annual Appreciation
5.83%
Purchase Details
Listed on
May 31, 2013
Closed on
Jul 31, 2013
Sold by
Moore Andrew Philip and Day Michael Christopher
Bought by
Weisberg Richard C and Vonweisberg Maximilien Von
Seller's Agent
Alec Schwartz
BHHS Fox&Roach-Newtown Square
Buyer's Agent
Jeff Block
Compass RE
List Price
$345,000
Sold Price
$319,400
Premium/Discount to List
-$25,600
-7.42%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$232,500
Interest Rate
3.95%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 7, 2004
Sold by
Paige Michael and Emc Mortgage Corp
Bought by
Archer Iv Llc
Purchase Details
Closed on
Jun 26, 1998
Sold by
Nationwide Properties
Bought by
Paige Michael
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Similar Homes in Philadelphia, PA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fierro Hector | $390,000 | None Available | |
| Weisberg Richard C | $319,400 | None Available | |
| Archer Iv Llc | $60,000 | -- | |
| Paige Michael | $90,000 | -- | |
| Nationwide Properties | $31,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fierro Hector | $199,000 | |
| Previous Owner | Weisberg Richard C | $232,500 | |
| Previous Owner | Moore Andrew P | $295,063 | |
| Previous Owner | Moore Andrew Philip | $290,703 | |
| Previous Owner | Sarukhanov Arkadiy | $1,057,000 | |
| Previous Owner | Knjazev Andrei | $105,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2016 04/15/16 | Sold | $390,000 | +2.7% | $153 / Sq Ft |
| 03/07/2016 03/07/16 | Pending | -- | -- | -- |
| 03/02/2016 03/02/16 | For Sale | $379,900 | +18.9% | $149 / Sq Ft |
| 07/31/2013 07/31/13 | Sold | $319,400 | -7.4% | $126 / Sq Ft |
| 06/21/2013 06/21/13 | Pending | -- | -- | -- |
| 05/31/2013 05/31/13 | For Sale | $345,000 | -- | $136 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,219 | $525,400 | $105,000 | $420,400 |
| 2024 | $6,219 | $525,400 | $105,000 | $420,400 |
| 2023 | $6,219 | $444,300 | $88,860 | $355,440 |
| 2022 | $5,700 | $444,300 | $88,860 | $355,440 |
| 2021 | $5,700 | $0 | $0 | $0 |
| 2020 | $5,700 | $0 | $0 | $0 |
| 2019 | $5,487 | $0 | $0 | $0 |
| 2018 | $4,021 | $0 | $0 | $0 |
| 2017 | $4,324 | $0 | $0 | $0 |
| 2016 | $4,185 | $0 | $0 | $0 |
| 2015 | $2,644 | $0 | $0 | $0 |
| 2014 | -- | $207,200 | $13,492 | $193,708 |
| 2012 | -- | $21,376 | $4,275 | $17,101 |
Source: Public Records
Agents Affiliated with this Home
-
Nathan S. Naness
Seller's Agent in 2016
Nathan S. Naness
KW Empower
(215) 627-3500
5 in this area
155 Total Sales
-
Jacqui Greenberg
Buyer's Agent in 2016
Jacqui Greenberg
Compass RE
(215) 292-6319
38 Total Sales
-
Alec Schwartz
Seller's Agent in 2013
Alec Schwartz
BHHS Fox & Roach
(215) 919-9786
1 in this area
108 Total Sales
-
Jeff Block
Buyer's Agent in 2013
Jeff Block
Compass RE
(215) 833-7088
18 in this area
504 Total Sales
Map
Source: Bright MLS
MLS Number: 1002391500
APN: 462026900
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