NOT LISTED FOR SALE

5531 Locust St Philadelphia, PA 19139

Cobbs Creek Neighborhood

Estimated Value: $202,000 - $241,683

-- Bed
1 Bath
1,696 Sq Ft
$134/Sq Ft Est. Value

Last Sold February 16, 2016

Last sale price $120,000 $71 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $1,362/month

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Heating System Uses Gas

About This Home

As of February 2016

You will love the cash flow opportunity this duplex offers. As a pure investment or owner occupied property its a home run. Enter the shared front porch with separate entrances for each unit. The entire property has been well cared for and just needs some minor cosmetic updates. But you will find two spacious apartments with living rooms, eat in kitchens, and room for laundry in both units.The units have separate utilities but share a furnace. Make your appointment today, you will not be disappointed!

Last Agent to Sell the Property

Larry Levin

llevin@livelovephilly.com Realty Mark Associates-CC Listed on: 11/09/2015

Realty Mark Associates-CC

Last Buyer's Agent

BARBARA L. KIRSCH

(215) 606-8360 barblynn3@aol.com Homestarr Realty License #RS304942

Homestarr Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,291

Year Built

  • Built in 1925

Lot Details

  • 1,629 Sq Ft Lot
  • Lot Dimensions are 22x76
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,696 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 98
  • Assessor Parcel Number 604052100

Community Details

Overview

  • No Home Owners Association
  • Philadelphia Subdivision

Building Details

  • Other Expense $4,969
  • Operating Expense $6,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,291

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
  • Inclusions: Upper Unit-Washer, Dryer, Refrigerator
  • New Construction: No
  • Other Expense: 4969.00
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1696
  • Living Area Sq Ft: 1696
  • Price Per Sq Ft: 66.04
  • Above Grade Finished Sq Ft: 1696
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 84057.00
  • Land Assessed Value: 8143.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 22X76
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1629.00
  • Property Condition: Good
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 20400.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1327153
  • Tax Annual Amount: 1291.00
  • Assessor Parcel Number: 604052100
  • Tax Lot: 98
  • Tax Year: 2016

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2015
Closed on
Feb 8, 2016
Sold by
Owens David K and Pettis Joyce
Bought by
Alam Badrul and Akhter Shahinoor
Seller's Agent
Larry Levin
Realty Mark Associates-CC
Buyer's Agent
BARBARA L. KIRSCH
Homestarr Realty
List Price
$112,000
Sold Price
$120,000
Premium/Discount to List
$8,000
7.14%
Current Estimated Value
$227,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,228
Avg. Annual Appreciation
6.80%
Original Mortgage
$103,785
Outstanding Balance
$82,194
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$145,034

Purchase Details

Closed on
Aug 16, 2013
Sold by
Pettis Joyce and Owens David K
Bought by
Owens David K and Pettis Joyce

Purchase Details

Closed on
Aug 30, 1979
Bought by
Margaret Shelton
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
Alam Badrul $120,000 None Available
Owens David K -- None Available
Margaret Shelton $12,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alam Badrul $103,785
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2016 02/16/16 Sold $120,000 +7.1% $71 / Sq Ft
01/13/2016 01/13/16 Pending -- -- --
11/09/2015 11/09/15 For Sale $112,000 -- $66 / 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 $2,034 $212,900 $42,580 $170,320
2024 $2,034 $212,900 $42,580 $170,320
2023 $2,034 $145,300 $29,000 $116,300
2022 $1,393 $145,300 $29,000 $116,300
2021 $1,393 $0 $0 $0
2020 $1,393 $0 $0 $0
2019 $1,341 $0 $0 $0
2018 $1,291 $0 $0 $0
2017 $1,291 $0 $0 $0
2016 $1,169 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $85,900 $8,143 $77,757
2012 -- $6,720 $1,848 $4,872
Source: Public Records

Agents Affiliated with this Home

  • Larry Levin

    Seller's Agent in 2016

    Larry Levin

    Realty Mark Associates-CC

    (267) 808-6565

    3 in this area

    121 Total Sales

    Larry Levin
    Section Image

  • B

    Buyer's Agent in 2016

    BARBARA L. KIRSCH

    Homestarr Realty

    (215) 606-8360

    21 Total Sales

    BARBARA L. KIRSCH
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002733136

Bright MLS

APN: 604052100

Pennsylvania Philadelphia County Philadelphia 19139 Cobbs Creek

5531 Locust St, Philadelphia, PA

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