NOT LISTED FOR SALE

Estimated Value: $289,103

-- Bed
-- Bath
2,880 Sq Ft
$100/Sq Ft Est. Value

Last Sold July 11, 2024

Last sale price $250,000 $87 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,601/month

272 Days on Market

About This Home

As of July 2024

5817 and 5819 Wayne Ave offered at a combined price of $285,000.Excellent opportunity for owner operator or investor to purchase 2 solid mixed use properties on an excellent Germantown block. 2 separately deeded buildings currently opened to each other but easy to put dividing wall if preferred. Last use was take out Chinese restaurant on 1st floor and apartments on the 2nd floor. Could potentially be 1 or 2 commercial units on 1st floor and 1 or 2 apartments or commercial use on the 2nd floor. Steps away from Ultimo Cafe which is one of the primary gathering places in the neighborhood. Also near Waldorf School, Germantown Friends, Alden Park apartments and several under construction apartment buildings on Chelten and Germantown Aves.

Other successful nearby restaurants, cafes, bars and retail include Ultimo Cafe, Uncle Boobies, Germantown Espresso Bar, Attic Brewing, Young American Cider, Maker Artisan Pizza, Malelani Cafe, the Juice Room, Adelie Coffee House, Zsa’s Ice Cream, DOHO Taqueria, the Frosted Fox., Pomelo, Pax Flora Goods, and FarmerJawn Greenery. Neighborhood is in great need of take out / fast casual food options including health-oriented fast casial, pizza, Mexican, Thai, Chinese, Indian, etc. Apartments also in high demand. Ample street parking across the street and potential for sidewalk seating.

Easy access to bus and regional rail lines as well as Germantown and Mt. Airy attractions. One of the most proudly diverse and historical zip codes in the nation with easy access to some of the regions best outdoor areas including the Wissahickon Valley Park /hiking and biking trails, Pastorious Park, Carpenters Woods, Cresheim Valley and much more. Listing agent has ownership interest in property. 2023 Real Estate Tax for both properties only $1,520. Listing agent has ownership interest in properties.

Last Agent to Sell the Property

Robert Metry

(215) 356-3199 bobmetry@gmail.com Philly Real Estate Listed on: 08/01/2023

Last Buyer's Agent

Alyssa Vargas

(610) 322-2759 alyssalvargas@kw.com KW Empower License #2192523

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $727

Year Built

  • Built in 1950

Lot Details

  • 1,012 Sq Ft Lot
  • Lot Dimensions are 32.00 x 31.00

Home Design

  • Masonry

Utilities

  • Hot Water Heating System

Community Details

  • 4 Units
  • Germantown Subdivision

Listing and Financial Details

  • Tax Lot 240
  • Assessor Parcel Number 871580770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$727

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Over Storefront
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Automatically Close On Close Date: Yes
  • Remarks Public: 5817 and 5819 Wayne Ave offered at a combined price of $285,000.Excellent opportunity for owner operator or investor to purchase 2 solid mixed use properties on an excellent Germantown block. 2 separately deeded buildings currently opened to each other but easy to put dividing wall if preferred. Last use was take out Chinese restaurant on 1st floor and apartments on the 2nd floor. Could potentially be 1 or 2 commercial units on 1st floor and 1 or 2 apartments or commercial use on the 2nd floor. Steps away from Ultimo Cafe which is one of the primary gathering places in the neighborhood. Also near Waldorf School, Germantown Friends, Alden Park apartments and several under construction apartment buildings on Chelten and Germantown Aves. Other successful nearby restaurants, cafes, bars and retail include Ultimo Café, Uncle Boobies, Germantown Espresso Bar, Attic Brewing, Young American Cider, Maker Artisan Pizza, Malelani Café, the Juice Room, Adelie Coffee House, Zsa’s Ice Cream, DOHO Taqueria, the Frosted Fox., Pomelo, Pax Flora Goods, and FarmerJawn Greenery. Neighborhood is in great need of take out / fast casual food options including health-oriented fast casial, pizza, Mexican, Thai, Chinese, Indian, etc. Apartments also in high demand. Ample street parking across the street and potential for sidewalk seating. Easy access to bus and regional rail lines as well as Germantown and Mt. Airy attractions. One of the most proudly diverse and historical zip codes in the nation with easy access to some of the regions best outdoor areas including the Wissahickon Valley Park /hiking and biking trails, Pastorious Park, Carpenters Woods, Cresheim Valley and much more. Listing agent has ownership interest in property. 2023 Real Estate Tax for both properties only $1,520. Listing agent has ownership interest in properties.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2880
  • Living Area Sq Ft: 2880
  • Price Per Sq Ft: 148.44
  • Above Grade Finished Sq Ft: 1920
  • Below Grade Finished Sq Ft: 960
  • Total Below Grade Sq Ft: 960
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5817-5819

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

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • 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: S30
  • Lot Size Acres: 0.02
  • Lot Dimensions: 32.00 x 31.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1012.00
  • Year Assessed: 2023
  • Zoning: CMX2.5

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 399.00
  • Tax Annual Amount: 727.00
  • Assessor Parcel Number: 871580770
  • Tax Lot: 240
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/11/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Jul 1, 2024
Sold by
5817-19 Wayne Ave Llc
Bought by
5817 Wayne Inc
Seller's Agent
Robert Metry
Philly Real Estate
Buyer's Agent
Alyssa Vargas
KW Empower
List Price
$285,000
Sold Price
$250,000
Premium/Discount to List
-$35,000
-12.28%
Views
324
Current Estimated Value
$289,103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,103
Avg. Annual Appreciation
6.48%

Purchase Details

Closed on
Aug 1, 2019
Sold by
Lam King Cheung and Lam Yam
Bought by
5817 19 Wayne Ave Llc
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
5817 Wayne Inc $250,000 None Listed On Document
5817 19 Wayne Ave Llc $100,000 First Platinum Abstract Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2024 07/11/24 Sold $250,000 -12.3% $87 / Sq Ft
05/08/2024 05/08/24 Off Market $285,000 -- --
05/07/2024 05/07/24 For Sale $285,000 0.0% $99 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
08/01/2023 08/01/23 For Sale $285,000 -- $99 / 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 $728 $51,600 $10,320 $41,280
2024 $728 $51,600 $10,320 $41,280
2023 $728 $52,000 $10,400 $41,600
2022 $700 $52,000 $10,400 $41,600
2021 $672 $0 $0 $0
2020 $672 $0 $0 $0
2019 $692 $0 $0 $0
2018 $672 $0 $0 $0
2017 $672 $0 $0 $0
2016 $672 $0 $0 $0
2015 $643 $0 $0 $0
2014 -- $126,300 $5,229 $121,071
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2263510

Bright MLS

APN: 871580770