
Seller's Agent in 2021
Christopher Somers
KW Empower
(267) 987-4443
2 in this area
616 Total Sales
Estimated Value: $371,792 - $402,000
Drexel University/UPenn Duplex on a great block close to campus with new construction in every direction. This solid building has 2 units that have been fully occupied with no vacancies for the last 8 years. Unit 1 - 3bd/1.5ba bilevel unit with a spacious living room and dining room, renovated kitchen with espresso cabinets, granite countertops, stainless steel appliances, as well as, a convenient powder room on this level. Upstairs features 3 bedrooms and a full hall bathroom with 2 large hall closets. This unit also includes a huge dry unfinished basement great for storage and has the mechanicals and in unit laundry. Large rear yard is great for barbecues and relaxing. Unit 2 - 1bd/1ba setup as a spacious flat with awesome center city skyline views. Good size living room and bedroom and hall bathroom. Both units have under market rents and could use some upgrades to obtain top rents in this desirable university area. Both units are on month to month leases and current rents are $2155/month (Unit 1 $1600/month & Unit 2 $555/month). Projected rents are Unit 1 $2200/month and Unit 2 $1100/month totaling $3300/month depending on upgrades. Both tenants pay electric/gas/cable, and the landlord pays water. Developer Opportunity; The lot is huge at 15.5 X 100 ft and the seller has floor plans for a triplex with 3 - 2bd/1ba units and could possibly have 2 - 2bd/1ba units and a 4bd/2ba unit if you finish the basement. If you choose the triplex renovation, rents can exceed $5500/month. Many options for this property especially since it is located in a desirable area that will never lose value with off campus living at high demand. Co-listing agent is the owner.
Last Agent to Sell the Property
KW Empower License #RS278328 Listed on: 07/16/2021
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Grossman Holdings Llc | $330,000 | City Line Abstract | |
Fargnoli Eric | $210,000 | None Available | |
Bigham B A | $15,000 | -- |
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Previous Owner | Grossman Holdings Llc | $247,500 | |
Previous Owner | Fargnoli Eric | $220,500 | |
Previous Owner | Fargnoli Eric | $206,196 | |
Previous Owner | Bigham B A | $56,000 |
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
12/13/2021 12/13/21 | Sold | $330,000 | -14.3% | $143 / Sq Ft |
10/11/2021 10/11/21 | Price Changed | $384,900 | -3.8% | $166 / Sq Ft |
09/24/2021 09/24/21 | Price Changed | $399,900 | -2.4% | $173 / Sq Ft |
09/05/2021 09/05/21 | Price Changed | $409,900 | -2.4% | $177 / Sq Ft |
08/25/2021 08/25/21 | Price Changed | $419,900 | -2.3% | $181 / Sq Ft |
08/10/2021 08/10/21 | Price Changed | $429,900 | -2.3% | $186 / Sq Ft |
07/16/2021 07/16/21 | For Sale | $439,900 | +109.5% | $190 / Sq Ft |
09/05/2014 09/05/14 | Sold | $210,000 | 0.0% | $91 / Sq Ft |
08/08/2014 08/08/14 | Pending | -- | -- | -- |
05/22/2014 05/22/14 | For Sale | $210,000 | -- | $91 / Sq Ft |
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 | $5,869 | $409,500 | $81,900 | $327,600 |
2024 | $5,869 | $409,500 | $81,900 | $327,600 |
2023 | $5,869 | $419,300 | $83,860 | $335,440 |
2022 | $3,770 | $419,300 | $83,860 | $335,440 |
2021 | $3,770 | $0 | $0 | $0 |
2020 | $3,770 | $0 | $0 | $0 |
2019 | $3,628 | $0 | $0 | $0 |
2018 | $3,161 | $0 | $0 | $0 |
2017 | $3,161 | $0 | $0 | $0 |
2016 | $3,161 | $0 | $0 | $0 |
2015 | $2,346 | $0 | $0 | $0 |
2014 | -- | $175,100 | $15,931 | $159,169 |
2012 | -- | $15,936 | $2,959 | $12,977 |
Seller's Agent in 2021
Christopher Somers
KW Empower
(267) 987-4443
2 in this area
616 Total Sales
E
Seller Co-Listing Agent in 2021
Eric Fargnoli
KW Empower
(215) 467-2892
1 in this area
13 Total Sales
Buyer's Agent in 2021
Leron Grossman
Victory Real Estate, LLC
(215) 709-7676
3 in this area
62 Total Sales
Seller's Agent in 2014
Marcia Singh
RE/MAX
(267) 250-0283
15 Total Sales
Source: Bright MLS
MLS Number: PAPH2009650
APN: 242143200