NOT LISTED FOR SALE

5616 Walnut St Philadelphia, PA 19139

Cobbs Creek Neighborhood

Estimated Value: $266,000 - $2,349,059

-- Bed
-- Bath
2,544 Sq Ft
$387/Sq Ft Est. Value

Last Sold April 14, 2017

Last sale price $129,000 $51 Per Sq Ft

Est. 663% increase in value since last sale

Current estimated payment $5,491/month

Highlights

  • No HOA
  • 5-minute walk to 56Th Street
  • Heating Available
  • En-Suite Primary Bedroom

About This Home

As of April 2017

Great investment opportunity in West Philadelphia. Fully occupied 5 unit building located on 56th and Walnut Street. Bottom floor is a 2 bedroom apt, 2nd floor is a one bedroom apt and efficiency, and third floor is another one bedroom and efficiency. Building does need work. Here's your chance to build equity and have cash flow! Cash offers only.

Last Agent to Sell the Property

Jon Sanborn

(570) 994-6620 jon@drgphilly.com DRG Philly Listed on: 02/05/2017

Last Buyer's Agent

Jon Sanborn

(570) 994-6620 jon@drgphilly.com DRG Philly Listed on: 02/05/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,509

Year Built

  • Built in 1915

Lot Details

  • 1,284 Sq Ft Lot
  • Lot Dimensions are 16x78

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,544 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Utilities

  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 143
  • Assessor Parcel Number 604039800

Community Details

Overview

  • No Home Owners Association
  • Philadelphia Subdivision

Building Details

  • Operating Expense $1,509

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,509

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Remarks Public: Great investment opportunity in West Philadelphia. Fully occupied 5 unit building located on 56th and Walnut Street. Bottom floor is a 2 bedroom apt, 2nd floor is a one bedroom apt and efficiency, and third floor is another one bedroom and efficiency. Building does need work. Here's your chance to build equity and have cash flow! Cash offers only.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Hookup
  • Total Sq Ft: 2544
  • Living Area Sq Ft: 2544
  • Price Per Sq Ft: 58.96
  • Above Grade Finished Sq Ft: 2544
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5616

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • 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: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • 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

  • Improvement Assessed Value: 91630.00
  • Land Assessed Value: 16170.00
  • Land Use Code: U50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16X78
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1284.00
  • Property Attached Yn: Yes
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

Tax Info

  • Assessor Parcel Number: 1327042
  • Tax Annual Amount: 1509.00
  • Assessor Parcel Number: 604039800
  • Tax Lot: 143
  • Tax Year: 2017
  • Close Date: 04/14/2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2017
Closed on
Apr 14, 2017
Sold by
Liu Chang T and Liu Ching Wa
Bought by
E & I Ventures Llc
Seller's Agent
Jon Sanborn
DRG Philly
Buyer's Agent
Jon Sanborn
DRG Philly
List Price
$150,000
Sold Price
$129,000
Premium/Discount to List
-$21,000
-14%
Current Estimated Value
$984,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$855,686
Avg. Annual Appreciation
26.94%

Purchase Details

Closed on
Jun 12, 2008
Sold by
Tucker Anna
Bought by
Liu Chang T and Liu Ching Wa

Purchase Details

Closed on
Mar 24, 2006
Sold by
Tucker Larnie
Bought by
Tucker Anna

Purchase Details

Closed on
Dec 22, 2003
Sold by
Tucker Anna and Tucker Larnie
Bought by
Tucker Anna
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
E & I Ventures Llc $1,290,000 None Available
Liu Chang T $57,000 First American Title Ins Co
Tucker Anna -- None Available
Tucker Anna $24,850 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2017 04/14/17 Sold $129,000 -14.0% $51 / Sq Ft
02/05/2017 02/05/17 For Sale $150,000 -- $59 / 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 $3,239 $319,300 $63,860 $255,440
2024 $3,239 $319,300 $63,860 $255,440
2023 $3,239 $231,400 $46,200 $185,200
2022 $1,968 $231,400 $46,200 $185,200
2021 $1,996 $0 $0 $0
2020 $1,996 $0 $0 $0
2019 $1,922 $0 $0 $0
2018 $1,509 $0 $0 $0
2017 $1,509 $0 $0 $0
2016 $1,509 $0 $0 $0
2015 $1,445 $0 $0 $0
2014 -- $107,800 $6,295 $101,505
2012 -- $7,872 $2,420 $5,452
Source: Public Records

Agents Affiliated with this Home

  • Jon Sanborn

    Seller's Agent in 2017

    Jon Sanborn

    DRG Philly

    (570) 994-6620

    2 in this area

    81 Total Sales

    Jon Sanborn
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Map

Source: Bright MLS

MLS Number: 1003217989

Bright MLS

APN: 604039800

Pennsylvania Philadelphia County Philadelphia 19139 Cobbs Creek

5616 Walnut St, Philadelphia, PA

This home is located at 5616 Walnut St, Philadelphia, PA 19139 since 05 February 2017 and is currently estimated at $984,686, approximately $387 per square foot. This property was built in 1915. 5616 Walnut St is a home located in Philadelphia County with nearby schools including Andrew Hamilton School, William L. Sayre High School, and Global Leadership Academy Charter School Southwest.

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