Seller's Agent in 2024
Samantha Miller
Select Commercial Advisors
(215) 692-3107
2 in this area
100 Total Sales
5139 Wayne Ave Philadelphia, PA 19144
Germantown Neighborhood
0.29
Acre
$3,620,690
Price per Acre
12,632
Sq Ft Lot
About This Lot
As of December 2024Select Commercial Advisors is pleased to present the opportunity to acquire and develop a multifamily residential 4-story elevator-serviced building with a green roof featuring +/- 34,500 square feet across 48 apartment units. The project will be delivered with a fully approved set of zoning and building permits. The site received the full 10-year Tax Abatement in 2021, meaning that the value of improvements is 100% abated for 10 years after construction. With expertly value-engineered plans, the project offers attractive unit layouts in a cost-effective design. As the Germantown/Wayne-Junction rental real estate market flourishes, take advantage of an entitled development opportunity in one of the city’s most dynamic neighborhoods! Broker of record has financial interest. Inquire for detailed offering memorandum and permit set.
Last Agent to Sell the Property
Select Commercial Advisors License #RS352351 Listed on: 11/12/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,153
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 70.00 x 175.00
- On-Hand Building Permits
- Property is zoned RM1, Fully entitled for 48 residential units
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot -266
- Assessor Parcel Number 123215100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 12, 2024
Closed on
Dec 27, 2024
Sold by
Srd Wayne Llc
Bought by
Ob Investment Group Llc
Seller's Agent
Samantha Miller
Select Commercial Advisors
Buyer's Agent
Roman Ovrutsky
eRealty Advisors, Inc
List Price
$1,095,000
Sold Price
$1,050,000
Premium/Discount to List
-$45,000
-4.11%
Views
6
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
-$43,590
Avg. Annual Appreciation
-0.35%
Purchase Details
Closed on
Oct 28, 2022
Sold by
Wayne Avenue Brothers Lp
Bought by
Srd Wayne Llc
Purchase Details
Closed on
Feb 27, 2021
Sold by
Wayne Avenue Brothers Lp
Bought by
Wayne Avenue Brothers Lp
Purchase Details
Closed on
Mar 18, 2020
Sold by
Myers Alvin
Bought by
Wayne Avenue Brothers Lp
Purchase Details
Closed on
Oct 17, 1991
Bought by
Myers Alvin S and Myers Olivia L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,050,000 | Alpert Abstract | |
| Deed | $850,000 | Land Services Usa | |
| Interfamily Deed Transfer | -- | Trusted Settlement Svcs Llc | |
| Deed | $30,000 | Trusted Settlement Svcs Llc | |
| Deed | $72,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/30/2024 12/30/24 | Sold | $1,050,000 | -4.1% | $356 / Sq Ft |
| 11/17/2024 11/17/24 | Pending | -- | -- | -- |
| 11/12/2024 11/12/24 | For Sale | $1,095,000 | -- | $371 / 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 | $1,153 | $94,200 | $94,200 | -- |
| 2024 | $1,153 | $94,200 | $94,200 | -- |
| 2023 | $1,153 | $82,400 | $82,400 | $0 |
| 2022 | $1,153 | $82,400 | $82,400 | $0 |
| 2021 | $2,478 | $0 | $0 | $0 |
| 2020 | $2,478 | $0 | $0 | $0 |
| 2019 | $2,587 | $0 | $0 | $0 |
| 2018 | $2,280 | $0 | $0 | $0 |
| 2017 | $2,700 | $0 | $0 | $0 |
| 2016 | $2,280 | $0 | $0 | $0 |
| 2015 | $1,924 | $0 | $0 | $0 |
| 2014 | -- | $173,600 | $105,591 | $68,009 |
| 2012 | -- | $22,208 | $10,796 | $11,412 |
Source: Public Records
Agents Affiliated with this Home
-
Samantha Miller
-
Roman Ovrutsky
Buyer's Agent in 2024
Roman Ovrutsky
eRealty Advisors, Inc
(267) 242-2588
2 in this area
32 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2418608
APN: 123215100
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