NOT LISTED FOR SALE

Estimated Value: $392,000 - $441,122

-- Bed
2 Baths
1,900 Sq Ft
$220/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $425,000 $224 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,421/month

50 Days on Market

Highlights

  • Second Kitchen
  • More Than Two Accessible Exits
  • Combination Dining and Living Room
  • Dual Staircase
  • Forced Air Heating System
  • Dwelling with Rental

About This Home

As of August 2024

This beautifully reimagined duplex at 5756 Spruce st was completely renovated just last year and has a full 10 year tax abatement. The bottom unit was recently rented at $1,850/mo and just opened up, giving the perfect opportunity for an owner occupant to live in one unit, while the tenant upstairs pays your mortgage. The vacant unit is a bi-level 3 bed 1 bath unit with a private backyard, while the top floor unit is a 2 bed 1 bath unit with tons of natural light. Each unit has its own separate entrance with a shared porch front. No expense was spared when this property was meticulously renovated just last year with top of the line craftsmanship and finish selections that can only be truly appreciated in person!

5756 Spruce street is also available to be purchased with its slightly larger twin next door (5758 Spruce st). Agent has a financial interest in the property.

Last Agent to Sell the Property

Andrew Yeager

(484) 574-1028 andrew.yeager@compass.com OCF Realty LLC - Philadelphia License #RS358875 Listed on: 05/28/2024

OCF Realty LLC - Philadelphia

Last Buyer's Agent

Tiana Brown

(610) 657-8204 tiana.brown@compass.com Compass RE License #rs363033

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,553

Year Built

  • Built in 1920 | Remodeled in 2023

Lot Details

  • 1,256 Sq Ft Lot
  • Lot Dimensions are 16.00 x 79.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Dwelling with Rental
  • Bi-Level Home
  • Stone Foundation
  • Masonry

Interior Spaces

  • Dual Staircase
  • Combination Dining and Living Room
  • Second Kitchen

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • 2 Units
  • Net Operating Income $33,400

Listing and Financial Details

  • Tax Lot 223
  • Assessor Parcel Number 604076600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,553

Year Built

Built in 1920 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Bi-Level, Dwelling With Rental
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2024-05-28
  • Year Built: 1920
  • Year Renovated: 2023
  • Automatically Close On Close Date: Yes
  • Remarks Public: This beautifully reimagined duplex at 5756 Spruce st was completely renovated just last year and has a full 10 year tax abatement. The bottom unit was recently rented at $1,850/mo and just opened up, giving the perfect opportunity for an owner occupant to live in one unit, while the tenant upstairs pays your mortgage. The vacant unit is a bi-level 3 bed 1 bath unit with a private backyard, while the top floor unit is a 2 bed 1 bath unit with tons of natural light. Each unit has its own separate entrance with a shared porch front. No expense was spared when this property was meticulously renovated just last year with top of the line craftsmanship and finish selections that can only be truly appreciated in person! 5756 Spruce street is also available to be purchased with its slightly larger twin next door (5758 Spruce st). Agent has a financial interest in the property.
  • Special Features: NewHome

Interior Features

  • Interior Amenities: 2nd Kitchen, Additional Stairway, Combination Dining/Living, Flat
  • Fireplace: No
  • Foundation Details: Stone
  • Total Sq Ft: 1900
  • Living Area Sq Ft: 1900
  • Price Per Sq Ft: 310.00
  • Above Grade Finished Sq Ft: 1500
  • Below Grade Finished Sq Ft: 400
  • Total Below Grade Sq Ft: 400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5756

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
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • 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: 0.03
  • Lot Dimensions: 16.00 x 79.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1256.00
  • Year Assessed: 2023
  • Zoning: RSA5

Rental Info

  • Rent Control: No
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • School Tax: 1401.00
  • Tax Annual Amount: 2553.00
  • Assessor Parcel Number: 604076600
  • Tax Lot: 223
  • Tax Total Finished Sq Ft: 1452
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/16/2024

Multi Family

  • Gross Income: 40200.00
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Aug 16, 2024
Sold by
3 Putt Llc
Bought by
Jackson Frank L and Rosario Cacle Lynne
Seller's Agent
Andrew Yeager
OCF Realty LLC - Philadelphia
Buyer's Agent
Tiana Brown
Compass RE
List Price
$465,000
Sold Price
$425,000
Premium/Discount to List
-$40,000
-8.6%
Views
15
Current Estimated Value
$417,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,293
Avg. Annual Appreciation
-1.48%
Original Mortgage
$403,750
Outstanding Balance
$399,199
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$18,508

Purchase Details

Closed on
Apr 19, 2022
Sold by
57111 Spruce Street Llc
Bought by
3 Putt Llc
Source: Public Records

Range of Values:

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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
Jackson Frank L $425,000 Sqs Square Settlements
3 Putt Llc $300,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Frank L $403,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2024 08/16/24 Sold $425,000 -8.6% $224 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $465,000 -- $245 / 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 $2,553 $296,400 $59,280 $237,120
2024 $2,553 $296,400 $59,280 $237,120
2023 $2,553 $182,400 $36,400 $146,000
2022 $1,555 $182,400 $36,400 $146,000
2021 $1,555 $0 $0 $0
2020 $1,555 $0 $0 $0
2019 $1,498 $0 $0 $0
2018 $1,142 $0 $0 $0
2017 $1,142 $0 $0 $0
2016 $1,142 $0 $0 $0
2015 $1,093 $0 $0 $0
2014 -- $81,600 $6,165 $75,435
2012 -- $9,728 $2,614 $7,114
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2355662

Bright MLS

APN: 604076600