NOT LISTED FOR SALE

5609 N Park Ave Philadelphia, PA 19141

Fern Rock Neighborhood

Estimated Value: $231,000 - $256,000

-- Bed
-- Bath
1,696 Sq Ft
$142/Sq Ft Est. Value

Last Sold May 27, 2019

Last sale price $159,900 $94 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,513/month

303 Days on Market

Highlights

  • Wood Flooring
  • 2-minute walk to Olney
  • Electric Baseboard Heater
  • No HOA
  • En-Suite Primary Bedroom

About This Home

As of May 2019

Opportunity awaits a wise investor! This duplex is making money! The Cap. rate is double digits and the gross annual income over 25K. The property is fully occupied with paying tenants. Come BUY this well maintained property which has been recently renovated with hardwood floors, fresh paint, updated kitchens, remodeled bathrms, and a new roof. Basement is an office or storage space. The property is within minutes of Broad street and public transportation. The Seller is motivated and willing to make a deal happen. The property is in good condition. However it is being sold in as is condition. 2 car off street parking is in the rear. The U & O will be the Buyer's responsible.

Last Agent to Sell the Property

Gary Williams

BHHS Fox & Roach-Christiana License #RA-0020358 Listed on: 06/13/2018

BHHS Fox & Roach-Christiana

Last Buyer's Agent

Linda Paris-Pace

Liberty Bell Real Estate & Property Management License #RS278003

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,523

Year Built

  • Built in 1968

Lot Details

  • 2,360 Sq Ft Lot
  • Lot Dimensions are 20x118
  • Property is in good condition

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,696 Sq Ft Home
  • Wood Flooring

Basement

  • Basement Fills Entire Space Under The House
  • Dirt Floor

Parking

  • Driveway
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 67
  • Assessor Parcel Number 493225900

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Olney Subdivision

Building Details

  • 1 Vacant Unit
  • Insurance Expense $1,200
  • Maintenance Expense $500
  • Operating Expense $4,423

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,523

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • Exclusions: Tenant's Belongings
  • New Construction: No
  • Year Built: 1968
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Dirt Floor
  • Total Sq Ft: 1696
  • Living Area Sq Ft: 1696
  • Price Per Sq Ft: 94.28
  • Above Grade Finished Sq Ft: 1696
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5609

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Land Use Code: U30
  • Lot Size Acres: 0.05
  • Lot Dimensions: 20X118
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2360.00
  • Property Condition: Good
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Owner Pays: Water
  • Total Actual Rent: 25080.00
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 25920.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 1523.00
  • Assessor Parcel Number: 493225900
  • Tax Lot: 67
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 05/27/2019

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2018
Closed on
May 3, 2019
Sold by
Ung Nymoon
Bought by
Sanders Khayree T
Seller's Agent
Gary Williams
BHHS Fox & Roach-Christiana
Buyer's Agent
Linda Paris-Pace
Liberty Bell Real Estate & Property Management
List Price
$159,900
Sold Price
$159,900
Current Estimated Value
$240,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,261
Avg. Annual Appreciation
6.71%
Original Mortgage
$157,003
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 19, 2018
Sold by
Ung Eddie and Ung Nymoon
Bought by
Ung Nymoon

Purchase Details

Closed on
Jul 7, 2006
Sold by
Kauffman Michael and Kauffman Nathan
Bought by
Yung Eddie and Ung Nymoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,400
Interest Rate
6.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2004
Sold by
Ojeda Edwin
Bought by
Kauffman Michael and Kauffman Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
5.75%
Mortgage Type
Commercial
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
Sanders Khayree T $159,900 Mba Abstract Inc
Ung Nymoon -- None Available
Yung Eddie $76,000 Fidelity Natl Title Ins Co
Kauffman Michael $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanders Khayree T $152,012
Closed Sanders Khayree T $157,003
Previous Owner Yung Eddie $49,400
Previous Owner Kauffman Michael $28,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2019 05/27/19 Sold $159,900 0.0% $94 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
01/26/2019 01/26/19 For Sale $159,900 0.0% $94 / Sq Ft
10/09/2018 10/09/18 Off Market $159,900 -- --
06/13/2018 06/13/18 For Sale $185,000 -- $109 / 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 $2,485 $239,400 $47,880 $191,520
2024 $2,485 $239,400 $47,880 $191,520
2023 $2,485 $177,500 $35,500 $142,000
2022 $1,824 $177,500 $35,500 $142,000
2021 $1,824 $0 $0 $0
2020 $1,824 $0 $0 $0
2019 $1,695 $0 $0 $0
2018 $1,523 $0 $0 $0
2017 $1,523 $0 $0 $0
2016 $1,523 $0 $0 $0
2015 $1,458 $0 $0 $0
2014 -- $108,800 $15,960 $92,840
2012 -- $12,512 $2,589 $9,923
Source: Public Records

Agents Affiliated with this Home

  • Gary Williams

    Seller's Agent in 2019

    Gary Williams

    BHHS Fox & Roach

    (215) 768-7409

    2 in this area

    231 Total Sales

    Gary Williams
    Section Image
  • Linda Paris-Pace

    Buyer's Agent in 2019

    Linda Paris-Pace

    Liberty Bell Real Estate & Property Management

    (215) 885-3332

    4 Total Sales

    Linda Paris-Pace
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001908574

Bright MLS

APN: 493225900

Pennsylvania Philadelphia County Philadelphia 19141 Fern Rock

5609 N Park Ave, Philadelphia, PA

This home is located at 5609 N Park Ave, Philadelphia, PA 19141 since 13 June 2018 and is currently estimated at $240,161, approximately $141 per square foot. This property was built in 1968. 5609 N Park Ave is a home located in Philadelphia County with nearby schools including Julie Ward Howe School, Gen. Louis Wagner Middle School, and Martin Luther King High School.

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