NOT LISTED FOR SALE

5618 Cedar Ave Philadelphia, PA 19143

Cobbs Creek Neighborhood

Estimated Value: $156,797 - $163,000

-- Bed
-- Bath
1,620 Sq Ft
$98/Sq Ft Est. Value

Last Sold July 03, 2024

Last sale price $152,000 $94 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,087/month

10 Days on Market

Highlights

  • Traditional Architecture
  • Electric Baseboard Heater
  • Hot Water Baseboard Heater

About This Home

As of July 2024

Welcome to 5618 Cedar Avenue, a twin 2+2 duplex located in the Cobbs Creek section of the city. The first floor unit is a 2 bedroom, 1.5 bathroom apartment layout. The second floor unit offers a 2 bedroom, 1 bathroom layout. Located close to shopping and public transportation. This home does need work throughout but offers a fantastic investment opportunity ideal for an investor or an owner occupant looking to earn some sweat equity.

Last Agent to Sell the Property

Lee Abrams

Higgins & Welch Real Estate, Inc. License #2187739 Listed on: 06/14/2024

Co-Listed By

Edward Welch

Higgins & Welch Real Estate, Inc.

Last Buyer's Agent

Edward Welch

Higgins & Welch Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,652

Year Built

  • Built in 1925

Lot Details

  • 1,600 Sq Ft Lot
  • Lot Dimensions are 20.00 x 80.00

Parking

  • On-Street Parking

Home Design

  • 1,620 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Stone Foundation
  • Masonry

Utilities

  • Hot Water Baseboard Heater
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Cobbs Creek Subdivision

Listing and Financial Details

  • Tax Lot 9017
  • Assessor Parcel Number 463051700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,652

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 5618 Cedar Avenue, a twin 2+2 duplex located in the Cobbs Creek section of the city. The first floor unit is a 2 bedroom, 1.5 bathroom apartment layout. The second floor unit offers a 2 bedroom, 1 bathroom layout. Located close to shopping and public transportation. This home does need work throughout but offers a fantastic investment opportunity ideal for an investor or an owner occupant looking to earn some sweat equity.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Total Sq Ft: 1620
  • Living Area Sq Ft: 1620
  • Price Per Sq Ft: 83.27
  • Above Grade Finished Sq Ft: 1620
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5618

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: No
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Hot Water, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

  • Land Use Code: U30
  • Lot Size Acres: 0.04
  • Lot Dimensions: 20.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1600.00
  • Year Assessed: 2023
  • Zoning: RSA3

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 1455.00
  • Tax Annual Amount: 2652.00
  • Assessor Parcel Number: 463051700
  • Tax Lot: 9017
  • Tax Total Finished Sq Ft: 1620
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/03/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2024
Closed on
Jul 3, 2024
Sold by
2021-1 Realty Holdings 1 Llc
Bought by
Homes 506 Llc
Seller's Agent
Lee Abrams
Higgins & Welch Real Estate, Inc.
Buyer's Agent
Edward Welch
Higgins & Welch Real Estate, Inc.
List Price
$134,900
Sold Price
$152,000
Premium/Discount to List
$17,100
12.68%
Views
16
Current Estimated Value
$158,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,932
Avg. Annual Appreciation
3.62%

Purchase Details

Closed on
Feb 14, 2023
Sold by
Sheriff Of The County Of Philadelphia
Bought by
Andrew & Company Llc

Purchase Details

Closed on
Jan 24, 2020
Sold by
Laing Lester C
Bought by
Andrews & Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,250
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 1982
Bought by
Laing Lester C
Source: Public Records

Range of Values:

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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
Homes 506 Llc $152,000 None Listed On Document
Andrew & Company Llc $50,000 Land Title
Andrews & Company Llc $95,100 Suburban Abstract Agency Inc
Laing Lester C $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andrews & Company Llc $123,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2024 07/03/24 Sold $152,000 +12.7% $94 / Sq Ft
06/24/2024 06/24/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $134,900 -- $83 / 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 $2,653 $183,000 $36,600 $146,400
2024 $2,653 $183,000 $36,600 $146,400
2023 $2,653 $189,500 $37,900 $151,600
2022 $1,695 $189,500 $37,900 $151,600
2021 $1,695 $0 $0 $0
2020 $1,695 $0 $0 $0
2019 $1,632 $0 $0 $0
2018 $1,086 $0 $0 $0
2017 $1,086 $0 $0 $0
2016 $1,086 $0 $0 $0
2015 $1,073 $0 $0 $0
2014 -- $80,100 $8,273 $71,827
2012 -- $12,736 $3,230 $9,506
Source: Public Records

Agents Affiliated with this Home

  • Lee Abrams

    Seller's Agent in 2024

    Lee Abrams

    Higgins & Welch Real Estate, Inc.

    (215) 813-7242

    1 in this area

    71 Total Sales

    Section Image
  • Edward Welch

    Seller Co-Listing Agent in 2024

    Edward Welch

    Higgins & Welch Real Estate, Inc.

    (610) 331-7655

    3 in this area

    148 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2366314

Bright MLS

APN: 463051700

Pennsylvania Philadelphia County Philadelphia 19143 Cobbs Creek

5618 Cedar Ave, Philadelphia, PA

This home is located at 5618 Cedar Ave, Philadelphia, PA 19143 since 14 June 2024 and is currently estimated at $158,932, approximately $98 per square foot. This property was built in 1925. 5618 Cedar Ave is a home located in Philadelphia County with nearby schools including William L. Sayre High School, William F. Harrity Elementary Public School 13, and Boys Latin Charter High School.

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