Seller's Agent in 2021
Terry Upshur
Compass RE
(215) 530-6929
3 in this area
117 Total Sales
6302 Morton St Philadelphia, PA 19144
East Germantown NeighborhoodEstimated Value: $549,019
--
Bed
--
Bath
4,224
Sq Ft
$130/Sq Ft
Est. Value
Highlights
- 0.11 Acre Lot
- 1 Fireplace
- Surveillance System
- Traditional Architecture
- No HOA
- 3-minute walk to Carpenter Park
About This Home
As of October 2021Welcome to 6302 Morton St where the opportunity awaits to own a quadruplex/mixed use building in Germantown. The first floor unit is an office spanning the entire footprint which has been recently used by an accounting company, with it's own entry/exit and HVAC system. There is a lounge/waiting room as soon as you enter into the office space along with a reception desk. There are 5 office spaces, kitchenette area, and two available sinks. There is a powder room and storage room which serves this office as well. The rear mudroom can be used for additional storage and only the office has basement access. The previous business was paying $2k per month and is interested in extending a lease if the new owner is interested. On the second floor you will find a renovated 2-bedroom apartment with hardwood flooring in the living room, as well as a fireplace. The kitchen has been updated and comes with brand new stainless steel appliances. Both bedrooms are large enough to accommodate queen sized beds and share the full bathroom. There is a rear stairway in this unit which can access the office. This unit is projected to rent at $1300+/mo. The third floor occupies two apartments. Unit 3A is setup as an efficiency apartment and is newly renovated. The most recent tenant (July 2021) paid $700/mo. Unit 3B is currently a 1-Bedroom Apartment, also newly renovated. The current tenants lease is set to expire (August 2021) and the unit rents at $900/mo. There is a large yard for the property and all mechanicals in the building are newly updated - 3 hot water tanks, one furnace, HVAC system (office only). On the corner of Washington Lane and Morton St, this property is close to public transportation (bus route 23 and Septa regional), Germantown Ave, and local shopping/restaurants.
Last Agent to Sell the Property
(215) 530-6929 tlupshur@gmail.com Compass RE License #0039041 Listed on: 08/09/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,524
Year Built
- Built in 1915
Lot Details
- 4,818 Sq Ft Lot
- Lot Dimensions are 40.15 x 120.00
Parking
- On-Street Parking
Home Design
- Quadruplex
- Traditional Architecture
- Stone Siding
Interior Spaces
- 4,224 Sq Ft Home
- 1 Fireplace
- Surveillance System
Kitchen
- Gas Oven or Range
- Dishwasher
Accessible Home Design
- More Than Two Accessible Exits
Utilities
- Central Air
- Window Unit Cooling System
- Hot Water Heating System
- Natural Gas Water Heater
Listing and Financial Details
- The owner pays for heat, insurance, lawn/shrub care, repairs, water
- Tax Lot 207
- Assessor Parcel Number 871580390
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Vacant Units
- Rent Control
- Income includes apartment rentals
- Insurance Expense $3,012
- Maintenance Expense $2,100
- Other Expense $7,980
- Operating Expense $12,792
- Net Operating Income $46,608
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2021
Closed on
Oct 25, 2021
Sold by
Lauren Nichols
Bought by
1530 Etting Llc
Seller's Agent
Terry Upshur
Compass RE
Buyer's Agent
Maria Quattrone
RE/MAX @ HOME
List Price
$450,000
Sold Price
$425,000
Premium/Discount to List
-$25,000
-5.56%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,019
Avg. Annual Appreciation
6.63%
Purchase Details
Listed on
Feb 2, 2018
Closed on
Apr 26, 2018
Sold by
Marks Barry and Marks Lisa
Bought by
Nichols Lauren
Seller's Agent
Mark Tucker
RE/MAX Affiliates
Buyer's Agent
Mark Tucker
RE/MAX Affiliates
Sold Price
$329,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.51%
Original Mortgage
$238,500
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 4, 1981
Bought by
Marks Barry Dr and Marks Lisa
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1530 Etting Llc | $425,000 | Platinum Abstract | |
| Nichols Lauren | $318,000 | Sienna Abstract Llc | |
| Marks Barry Dr | $37,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Nichols Lauren | $238,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/29/2021 10/29/21 | Sold | $425,000 | -5.6% | $101 / Sq Ft | |
| 10/27/2021 10/27/21 | Price Changed | $450,000 | 0.0% | $107 / Sq Ft | |
| 08/15/2021 08/15/21 | Pending | -- | -- | -- | |
| 08/09/2021 08/09/21 | For Sale | $450,000 | +36.4% | $107 / Sq Ft | |
| 04/30/2018 04/30/18 | Sold | $329,900 | -- | -- | View Prior Sale |
| 02/27/2018 02/27/18 | Pending | -- | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,752 | $240,700 | $48,140 | $192,560 |
| 2024 | $2,752 | $240,700 | $48,140 | $192,560 |
| 2023 | $2,752 | $196,600 | $39,320 | $157,280 |
| 2022 | $2,524 | $196,600 | $39,320 | $157,280 |
| 2021 | $2,524 | $0 | $0 | $0 |
| 2020 | $2,524 | $0 | $0 | $0 |
| 2019 | $2,500 | $0 | $0 | $0 |
| 2018 | $2,427 | $0 | $0 | $0 |
| 2017 | $3,074 | $0 | $0 | $0 |
| 2016 | $3,074 | $0 | $0 | $0 |
| 2015 | $2,943 | $0 | $0 | $0 |
| 2014 | -- | $219,600 | $38,169 | $181,431 |
Source: Public Records
Agents Affiliated with this Home
-
Terry Upshur
-
Maria Quattrone
Buyer's Agent in 2021
Maria Quattrone
RE/MAX
(215) 607-3535
15 in this area
504 Total Sales
-
Mark Tucker
Seller's Agent in 2018
Mark Tucker
RE/MAX
(215) 901-6603
1 in this area
35 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2019102
APN: 871580390
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