Seller's Agent in 2024
Brian Chica
Giraldo Real Estate Group
(267) 361-4326
4 in this area
84 Total Sales
5601 Ormes St Philadelphia, PA 19120
Olney NeighborhoodEstimated Value: $285,000 - $449,000
Studio
3
Baths
1,360
Sq Ft
$279/Sq Ft
Est. Value
Highlights
- Straight Thru Architecture
- Central Heating and Cooling System
- Property is in excellent condition
About This Home
As of April 2024Welcome to this amazing property newly rehabbed with a range of updates including new windows, new kitchens with new cabinetry, new ceramic tile baths, and laminate flooring in all units. These renovations not only enhance the aesthetic appeal of the property but also potentially reduce the need for near-term maintenance and repairs.
Each unit featuring 2 good-sized bedrooms and 1 bathroom is ideal for small families, couples, or singles. The layout seems practical and likely to be in demand.
Each unit is equipped with new stoves and refrigerators, adding to the convenience and modernity of the living spaces, with 3 new electrical services, utilities are separated for each unit. This is a significant advantage for rental properties as it allows for easier utility management and billing, and is often preferred by tenants.
The presence of central air conditioning and central heating is a significant comfort feature,
The property’s convenient location near various forms of transportation and shopping centers is a major plus. This Property is perfect for an owner or investor who considering living in one of the units while renting out the others, this property offers the benefit of a steady income source while enjoying the renovated living space.
Last Agent to Sell the Property
(215) 745-0101 info@giraldorealestategroup.com Giraldo Real Estate Group License #rs363728 Listed on: 01/30/2024
Co-Listed By
(215) 486-6839 centercity@giraldorealestategroup.com Giraldo Real Estate Group License #RS355615
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,897
Year Built
- Built in 1950 | Remodeled in 2023
Lot Details
- 1,338 Sq Ft Lot
- Lot Dimensions are 19.00 x 72.00
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- 1,360 Sq Ft Home
- Triplex
- Straight Thru Architecture
- Flat Roof Shape
- Asphalt Roof
- Concrete Perimeter Foundation
- Masonry
Kitchen
- Gas Oven or Range
- Microwave
Basement
- Partial Basement
- Rear and Side Basement Entry
Utilities
- Central Heating and Cooling System
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 134
- Assessor Parcel Number 612514900
Community Details
Overview
- 3 Units
- 3-Story Building
Building Details
- 3 Vacant Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2024
Closed on
Apr 17, 2024
Sold by
5Ac Llc
Bought by
Rance Sherene
Seller's Agent
Brian Chica
Giraldo Real Estate Group
Buyer's Agent
Jaye Hancock
Realty Mark Associates
List Price
$399,900
Sold Price
$370,000
Premium/Discount to List
-$29,900
-7.48%
Views
38
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
$5,699
Avg. Annual Appreciation
1.44%
Original Mortgage
$358,388
Outstanding Balance
$352,702
Interest Rate
6.88%
Mortgage Type
FHA
Estimated Equity
$26,775
Purchase Details
Closed on
Jul 20, 2023
Sold by
Toxey Dyshon
Bought by
5Ac Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
6.71%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 3, 2002
Sold by
T & L Real Estate Company Inc
Bought by
Toxey Dyshon
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,550
Interest Rate
6.73%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 6, 2000
Sold by
Ramalho Luis F
Bought by
T & L Real Estate Co
Purchase Details
Closed on
May 14, 1997
Sold by
Ramalho Jose P and Ramalho Maria
Bought by
Ramalho Luis F
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Rance Sherene | $365,000 | None Listed On Document | |
| 5Ac Llc | $140,000 | None Listed On Document | |
| Toxey Dyshon | $86,900 | -- | |
| T & L Real Estate Co | $37,189 | -- | |
| Ramalho Luis F | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Rance Sherene | $358,388 | |
| Previous Owner | 5Ac Llc | $259,000 | |
| Previous Owner | Toxey Dyshon | $82,550 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/19/2024 04/19/24 | Sold | $370,000 | -6.3% | $272 / Sq Ft |
| 04/04/2024 04/04/24 | Pending | -- | -- | -- |
| 04/04/2024 04/04/24 | Price Changed | $394,900 | -1.3% | $290 / Sq Ft |
| 03/27/2024 03/27/24 | For Sale | $399,900 | 0.0% | $294 / Sq Ft |
| 03/01/2024 03/01/24 | Pending | -- | -- | -- |
| 01/30/2024 01/30/24 | For Sale | $399,900 | -- | $294 / Sq Ft |
Source: Bright MLS
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 |
|---|---|---|---|---|
| 2026 | $2,898 | $212,400 | $42,480 | $169,920 |
| 2025 | $2,898 | $212,400 | $42,480 | $169,920 |
| 2024 | $2,898 | $212,400 | $42,480 | $169,920 |
| 2023 | $2,898 | $207,000 | $41,400 | $165,600 |
| 2022 | $1,723 | $207,000 | $41,400 | $165,600 |
| 2021 | $1,723 | $0 | $0 | $0 |
| 2020 | $1,723 | $0 | $0 | $0 |
| 2019 | $1,601 | $0 | $0 | $0 |
| 2017 | $1,579 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Chica
-
iliac Martinez
Seller Co-Listing Agent in 2024
iliac Martinez
Giraldo Real Estate Group
(267) 235-1714
1 in this area
26 Total Sales
-
Jaye Hancock
Buyer's Agent in 2024
Jaye Hancock
Realty Mark Associates
(215) 939-8502
7 in this area
121 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2315746
APN: 612514900
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