NOT LISTED FOR SALE

Estimated Value: $247,000 - $274,000

-- Bed
1 Bath
2,557 Sq Ft
$103/Sq Ft Est. Value

Last Sold September 11, 2019

Last sale price $150,000 $59 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,609/month

Highlights

  • Second Kitchen
  • Wood Flooring
  • Double Door Entry
  • Federal Architecture
  • No HOA
  • 2 Car Attached Garage

About This Home

As of September 2019

Perfect for the First Time Home Buyer who wants to live rent free! Are you looking for your first or next investment property? Do you want to live on one floor and rent the other? Don t wait any longer! This well-maintained Duplex in Olney is a must-see. The first level has one bedroom and the kitchen has a door that connects to the common area in the back, perfect for grilling in the summer. As you walk to the second floor, you will find a lot of space; the second unit has 4 bedrooms. The whole house has original hardwood floors.Go to the back of the house and you will find another apartment with a garage attached to it. This one needs some work but it has a gorgeous space. You can enter to this apartment from 2nd st or from Palethorp st. This unique property goes from one st to the other st!Make your offer now! This is perfect for an investor or first time homebuyers!

Last Agent to Sell the Property

Francisco Michaud

(267) 250-8489 fmichaud@kw.com Realty Mark Associates-CC License #RS342767 Listed on: 07/16/2019

Realty Mark Associates-CC

Last Buyer's Agent

WILLIAM CHOW

(215) 421-1884 bchow168@gmail.com EZWAY Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,536

Year Built

  • Built in 1935

Lot Details

  • 2,527 Sq Ft Lot
  • Lot Dimensions are 25.00 x 100.64
  • Ground Rent expires in 3 years
  • Property is in good condition

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Duplex
  • Federal Architecture
  • Fixer Upper
  • Flat Roof Shape
  • Architectural Shingle Roof
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2,557 Sq Ft Home
  • Ceiling Fan
  • Double Door Entry
  • French Doors
  • Six Panel Doors
  • Wood Flooring

Kitchen

  • Second Kitchen
  • Stove
  • Microwave

Basement

  • Exterior Basement Entry
  • Drainage System

Accessible Home Design

  • Doors are 32 inches wide or more

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill

Schools

  • James R. Lowell Elementary School
  • Grover Washington Jr Middle School
  • Samuel S. Fels High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating unit installed on the ceiling
  • Radiator
  • Hot Water Heating System
  • Programmable Thermostat
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 77
  • Assessor Parcel Number 612425700

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 3-Story Building

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,536

Year Built

Built in 1935

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Federal
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Two bedrooms set on the third floor, dining room set, couches and washer on the third floor
  • New Construction: No
  • Expected On Market: 2019-07-19
  • Year Built: 1935
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Microwave, Refrigerator, Stove
  • Flooring Type: Hardwood
  • Interior Amenities: 2nd Kitchen
  • Fireplace: No
  • Door Features: French, Double Entry, Six Panel
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Outside Entrance, Drainage System
  • Total Sq Ft: 2557
  • Living Area Sq Ft: 2557
  • Price Per Sq Ft: 62.57
  • Above Grade Finished Sq Ft: 2557
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5615

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Exterior Features: Bbq Grill, Exterior Lighting
  • Roof: Architectural Shingle, Flat
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Rear Entry, Built In
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Wall Unit, Programmable Thermostat
  • Heating Fuel: Electric
  • Heating Type: Ceiling, Hot Water, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Elementary School: JAMES R. LOWELL SCHOOL
  • Middle School: GROVER WASHINGTON JR
  • High School: SAMUEL S. FELS
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397108
  • School District Source: Listing Agent
  • Elementary School: JAMES R. LOWELL SCHOOL
  • High School: SAMUEL S. FELS
  • Middle Or Junior School: GROVER WASHINGTON JR

Lot Info

  • Land Use Code: A30
  • Lot Size Acres: 0.06
  • Lot Dimensions: 25.00 x 100.64
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2527.00
  • Property Condition: Below Average, Major Rehab Needed, Good
  • Year Assessed: 2019
  • Zoning: RSA5
  • Zoning Description: Residential (Legal Multifamily)

Rental Info

  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 3
  • Total Actual Rent: 6600.00
  • Units Furnished: All
  • Units Leased Count: 550
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Income Expense List: Annual Ground Rent
  • Other Units: Unit 3

Tax Info

  • Assessor Parcel Number: 612425700
  • Tax Lot: 77
  • Tax Total Finished Sq Ft: 2160
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 09/11/2019

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2019
Closed on
Sep 19, 2019
Sold by
Marti Abraham
Bought by
Lim Alex
Seller's Agent
Francisco Michaud
Realty Mark Associates-CC
Buyer's Agent
WILLIAM CHOW
EZWAY Realty Group, LLC
List Price
$160,000
Sold Price
$150,000
Premium/Discount to List
-$10,000
-6.25%
Current Estimated Value
$263,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,449
Avg. Annual Appreciation
9.67%
Original Mortgage
$112,500
Outstanding Balance
$98,541
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$164,908

Purchase Details

Closed on
Feb 3, 1995
Sold by
Marti Abraham and Marti Nilsa
Bought by
Marti Abraham
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
Lim Alex $150,000 First City Abstract Agcy Inc
Marti Abraham $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lim Alex $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2019 09/11/19 Sold $150,000 -6.3% $59 / Sq Ft
07/28/2019 07/28/19 Pending -- -- --
07/16/2019 07/16/19 For Sale $160,000 -- $63 / 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 $2,536 $244,300 $48,860 $195,440
2024 $2,536 $244,300 $48,860 $195,440
2023 $2,536 $181,200 $36,240 $144,960
2022 $2,006 $181,200 $36,240 $144,960
2021 $901 $0 $0 $0
2020 $901 $0 $0 $0
2019 $901 $0 $0 $0
2018 $901 $0 $0 $0
2017 $0 $0 $0 $0
2016 $2,020 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $144,300 $18,367 $125,933
2012 -- $14,912 $3,436 $11,476
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH816644

Bright MLS

APN: 612425700