Seller's Agent in 2016
Eric Cui
EXP Realty, LLC
(484) 240-9804
5 in this area
72 Total Sales
5219 Spruce St Philadelphia, PA 19139
Cobbs Creek NeighborhoodEstimated Value: $165,000 - $327,000
--
Bed
2
Baths
2,600
Sq Ft
$95/Sq Ft
Est. Value
Highlights
- No HOA
- Heating System Uses Gas
- 3-minute walk to Malcolm X Park
- En-Suite Primary Bedroom
About This Home
As of January 2016Zoned CMX3. This is a commercial mixed use duplex. ABSOLUTE MONEY MAKER. Had a 12% CAP RATE. DUPLEX Close to University City!!! First unit needs complete renovation. There was a small fire in the unit. Second unit is in good condition. This property is a short sale. This is your opportunity to snag a very large duplex in an area that is quickly developing. Great location-very close to University of Pennsylvania and new development. Cash or hard money loan only. Bank Approved Price. Important: Buyer must also agree to pay off $35k lien on property. Buyer responsible for both sides of transfer tax. Buyer responsible for obtaining U&O. As the price with lien are non-negotiable and bank approved, proof of funds in cash will be necessary to set an appointment. Property is being sold AS-IS.
Last Buyer's Agent
Arlene Viray Cui
Compass RE
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1935
Lot Details
- 1,800 Sq Ft Lot
- Lot Dimensions are 20x90
- Property is in below average condition
Parking
- On-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
Interior Spaces
- En-Suite Primary Bedroom
- 2,600 Sq Ft Home
- Basement Fills Entire Space Under The House
- Laundry in unit
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Uses Gas
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 311
- Assessor Parcel Number 602105600
Community Details
Overview
- No Home Owners Association
- West Philadelphia Subdivision
Building Details
- Operating Expense $1,477
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 17, 2016
Sold by
Reynolds Thomas
Bought by
Araya Enterprise Llc
Current Estimated Value
Purchase Details
Closed on
Dec 20, 2005
Sold by
Morris Jacqueline L and Estate Of Agnes T Richardson
Bought by
Reynolds Thomas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
10.49%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Araya Enterprise Llc | $38,000 | None Available | |
| Reynolds Thomas | $115,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Araya Enterprise Llc | $106,400 | |
| Previous Owner | Reynolds Thomas | $114,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/22/2016 01/22/16 | Sold | $38,000 | -63.8% | $15 / Sq Ft |
| 12/30/2015 12/30/15 | Pending | -- | -- | -- |
| 04/09/2015 04/09/15 | For Sale | $105,000 | -- | $40 / 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 | $3,837 | $249,700 | $49,940 | $199,760 |
| 2024 | $3,837 | $249,700 | $49,940 | $199,760 |
| 2023 | $3,837 | $274,100 | $54,820 | $219,280 |
| 2022 | $1,663 | $274,100 | $54,820 | $219,280 |
| 2021 | $1,663 | $0 | $0 | $0 |
| 2020 | $1,663 | $0 | $0 | $0 |
| 2019 | $1,601 | $0 | $0 | $0 |
| 2018 | $1,543 | $0 | $0 | $0 |
| 2017 | $1,543 | $0 | $0 | $0 |
| 2016 | $1,123 | $0 | $0 | $0 |
| 2015 | $1,477 | $0 | $0 | $0 |
| 2014 | -- | $110,200 | $8,835 | $101,365 |
| 2012 | -- | $15,392 | $3,079 | $12,313 |
Source: Public Records
Agents Affiliated with this Home
-
-
A
Buyer's Agent in 2016
Arlene Viray Cui
Compass RE
Map
Source: Bright MLS
MLS Number: 1002570998
APN: 602105600
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