NOT LISTED FOR SALE

Estimated Value: $702,000 - $734,000

-- Bed
-- Bath
1,734 Sq Ft
$414/Sq Ft Est. Value

Last Sold November 02, 2016

Last sale price $370,000 $213 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $4,506/month

119 Days on Market

Highlights

  • No HOA
  • Central Air
  • Heating System Uses Gas
  • En-Suite Primary Bedroom

About This Home

As of November 2016

Development project for sale in RED HOT SPRING ARTS AREA! This home has zoning/use permit for triplex. The sale also comes with the MARKETING PLANS for the property showing a yield of 3 units, each with 2 bedrooms! First floor unit will have outdoor space in rear. Second floor unit will have balcony. Third floor unit will have roof deck! Condo prices & rentals are high in this rapidly growing area!

Last Agent to Sell the Property

Patrick Rust

Rust Real Estate, LLC Listed on: 05/13/2016

Last Buyer's Agent

Patrick Rust

Rust Real Estate, LLC Listed on: 05/13/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $920

Year Built

  • Built in 1915

Lot Details

  • 1,323 Sq Ft Lot
  • Lot Dimensions are 17x78

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,734 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 68
  • Assessor Parcel Number 141128800

Community Details

Overview

  • No Home Owners Association
  • Spring Arts Subdivision

Building Details

  • Operating Expense $920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$920

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Remarks Public: Development project for sale in RED HOT SPRING ARTS AREA! This home has zoning/use permit for triplex. The sale also comes with the MARKETING PLANS for the property showing a yield of 3 units, each with 2 bedrooms! First floor unit will have outdoor space in rear. Second floor unit will have balcony. Third floor unit will have roof deck! Condo prices & rentals are high in this rapidly growing area!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1734
  • Living Area Sq Ft: 1734
  • Price Per Sq Ft: 222.03
  • Above Grade Finished Sq Ft: 1734
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 639

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding, Brick
  • Construction Completed: No
  • 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: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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: 15290.00
  • Land Assessed Value: 50410.00
  • Land Use Code: O50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 17X78
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1323.00
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 961234
  • Tax Annual Amount: 920.00
  • Assessor Parcel Number: 141128800
  • Tax Lot: 68
  • Tax Year: 2016
  • Close Date: 11/02/2016

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2016
Closed on
Nov 2, 2016
Sold by
Green Lots Llc
Bought by
Lin Ming Chuan and Wang Xiao Mei
Seller's Agent
Patrick Rust
Rust Real Estate, LLC
Buyer's Agent
Patrick Rust
Rust Real Estate, LLC
List Price
$429,900
Sold Price
$370,000
Premium/Discount to List
-$59,900
-13.93%
Current Estimated Value
$718,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,000
Avg. Annual Appreciation
7.79%
Original Mortgage
$259,000
Interest Rate
3.42%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 11, 2016
Closed on
Apr 8, 2016
Sold by
Smith Sharon T and Estate Of Helen M Britt
Bought by
Green Lots Llc
Seller's Agent
Tim Brogan
Coldwell Banker Realty
Buyer's Agent
Patrick Rust
Rust Real Estate, LLC
List Price
$275,000
Sold Price
$305,000
Premium/Discount to List
$30,000
10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.34%

Purchase Details

Closed on
Apr 20, 1983
Bought by
Britt Helen M
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
Lin Ming Chuan $370,000 None Available
Green Lots Llc $305,000 None Available
Britt Helen M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lin Ming Chuan $259,000
Previous Owner Britt Halen M $102,000
Previous Owner Britt Helen M $105,000
Previous Owner Britt Helen M $24,972
Previous Owner Britt Helen M $91,892
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2016 11/02/16 Sold $370,000 -13.9% $213 / Sq Ft
09/09/2016 09/09/16 Pending -- -- --
05/13/2016 05/13/16 For Sale $429,900 +41.0% $248 / Sq Ft
04/08/2016 04/08/16 Sold $305,000 +10.9% $176 / Sq Ft
01/15/2016 01/15/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $275,000 -- $159 / 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 $7,492 $690,000 $138,000 $552,000
2024 $7,492 $690,000 $138,000 $552,000
2023 $7,492 $535,200 $107,040 $428,160
2022 $6,862 $490,200 $107,040 $383,160
2021 $4,377 $0 $0 $0
2020 $4,377 $0 $0 $0
2019 $4,108 $0 $0 $0
2018 $2,718 $0 $0 $0
2017 $2,718 $0 $0 $0
2016 $920 $0 $0 $0
2015 $880 $0 $0 $0
2014 -- $194,200 $50,410 $143,790
2012 -- $7,008 $2,952 $4,056
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002429032

Bright MLS

APN: 141128800