NOT LISTED FOR SALE

5538 Master St Philadelphia, PA 19131

Carroll Park Neighborhood

Estimated Value: $222,000 - $315,000

-- Bed
2 Baths
1,622 Sq Ft
$170/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $222,600 $137 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,591/month

28 Days on Market

Highlights

  • Straight Thru Architecture
  • 4-minute walk to 56Th Street And Lansdowne Avenue
  • Forced Air Heating and Cooling System
  • No HOA

About This Home

As of January 2021

Come take a look at this totally rehabbed duplex in hot West Philly. This place was repaired from top to bottom. the first floor features 1 bedroom 1 full bath with access to back yard and basement. This unit features new paint, new hardwood, and tile T/O. Brand new kitchen and baths. New Windows, its own brand new hot water heater and new heater, AC and blower unit. Unit 2 features all of the same except it has 2 bedrooms, 1 bath, and does not have access to the backyard or basement. Each unit is rented out til August of 2021. At this rate, this property would be over a 9% cap rate at the current asking price. This property is all repaired and should be very easy on maintenance. Great for an investor or move-in buyer who wants to rent out the other unit. The listing agent has an ownership interest in the property. . Please come see before it sells! The Pictures of the Property are from when rehab was finished, and before the tenants moved in.

Last Agent to Sell the Property

Garrett Norton

Tesla Realty Group, LLC License #RS289967 Listed on: 11/10/2020

Tesla Realty Group, LLC

Last Buyer's Agent

STEVE BURKE JR.

Tesla Realty Group, LLC License #RS337988

Tesla Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,019

Year Built

  • Built in 1925

Lot Details

  • 1,215 Sq Ft Lot
  • Lot Dimensions are 15.00 x 81.00

Parking

  • On-Street Parking

Home Design

  • 1,622 Sq Ft Home
  • Duplex
  • Straight Thru Architecture
  • Masonry

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 041227300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,019

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: Yes
  • Remarks Public: Come take a look at this totally rehabbed duplex in hot West Philly. This place was repaired from top to bottom. the first floor features 1 bedroom 1 full bath with access to back yard and basement. This unit features new paint, new hardwood, and tile T/O. Brand new kitchen and baths. New Windows, its own brand new hot water heater and new heater, AC and blower unit. Unit 2 features all of the same except it has 2 bedrooms, 1 bath, and does not have access to the backyard or basement. Each unit is rented out til August of 2021. At this rate, this property would be over a 9% cap rate at the current asking price. This property is all repaired and should be very easy on maintenance. Great for an investor or move-in buyer who wants to rent out the other unit. The listing agent has an ownership interest in the property. . Please come see before it sells! The Pictures of the Property are from when rehab was finished, and before the tenants moved in.
  • Special Features: None

Interior Features

  • Total Sq Ft: 1622
  • Living Area Sq Ft: 1622
  • Price Per Sq Ft: 129.41
  • Above Grade Finished Sq Ft: 1622
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5538

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • 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 Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 15.00 x 81.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1215.00
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Water
  • Total Actual Rent: 1900.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Gross Income: 22800.00

Tax Info

  • Assessor Parcel Number: 899021
  • Tax Annual Amount: 1019.00
  • Assessor Parcel Number: 041227300
  • Tax Year: 2020
  • Close Date: 01/29/2021

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2020
Closed on
Jan 29, 2021
Sold by
Lenor Group Llc
Bought by
Glover Devin
Seller's Agent
Garrett Norton
Tesla Realty Group, LLC
Buyer's Agent
STEVE BURKE JR.
Tesla Realty Group, LLC
List Price
$209,900
Sold Price
$222,600
Premium/Discount to List
$12,700
6.05%
Current Estimated Value
$276,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,821
Avg. Annual Appreciation
0.80%
Original Mortgage
$218,568
Outstanding Balance
$198,584
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$32,270

Purchase Details

Closed on
Dec 31, 2019
Sold by
Angibeau Marise and Evans Petion
Bought by
Lenor Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,400
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 12, 2007
Sold by
Usell Acquisitions Llc
Bought by
Angibeau Marise and Evans Petion

Purchase Details

Closed on
Aug 31, 2006
Sold by
Veal Andrew
Bought by
Usell Acquisitions Llc
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
Glover Devin $222,600 Acro Settlement Company
Lenor Group Llc $48,000 Olde City Abstract Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glover Devin $218,568
Previous Owner Lenor Group Llc $101,400
Previous Owner Angibeau Marise $63,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $222,600 +6.1% $137 / Sq Ft
11/10/2020 11/10/20 For Sale $209,900 -- $129 / 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 $1,019 $274,700 $54,940 $219,760
2024 $1,019 $274,700 $54,940 $219,760
2023 $1,019 $72,800 $14,560 $58,240
2022 $1,019 $72,800 $14,560 $58,240
2021 $1,019 $0 $0 $0
2020 $1,019 $0 $0 $0
2019 $981 $0 $0 $0
2018 $826 $0 $0 $0
2017 $826 $0 $0 $0
2016 $826 $0 $0 $0
2015 $959 $0 $0 $0
2014 -- $71,600 $5,710 $65,890
2012 -- $9,024 $902 $8,122
Source: Public Records

Agents Affiliated with this Home

  • Garrett Norton

    Seller's Agent in 2021

    Garrett Norton

    Tesla Realty Group, LLC

    (484) 580-9510

    1 in this area

    30 Total Sales

    Garrett Norton
    Section Image
  • STEVE BURKE JR.

    Buyer's Agent in 2021

    STEVE BURKE JR.

    Tesla Realty Group, LLC

    (267) 471-0443

    2 in this area

    23 Total Sales

    STEVE BURKE JR.
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH954026

Bright MLS

APN: 041227300

Pennsylvania Philadelphia County Philadelphia 19131 Carroll Park

5538 Master St, Philadelphia, PA

This home is located at 5538 Master St, Philadelphia, PA 19131 since 10 November 2020 and is currently estimated at $276,421, approximately $170 per square foot. This property was built in 1925. 5538 Master St is a home located in Philadelphia County with nearby schools including Overbrook High School, Universal Bluford Charter School, and Global Leadership Academy.

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