700 N 40th St Philadelphia, PA 19104
Belmont NeighborhoodEstimated payment $1,718/month
Total Views
17,039
4
Beds
4
Baths
3,120
Sq Ft
$88
Price per Sq Ft
Highlights
- Wood Flooring
- 2-minute walk to Lancaster Avenue And Wallace Street
- No HOA
- Corner Lot
- High Ceiling
- 2-minute walk to Urban Thinkscape
About This Home
ATTENTION Investors and Builders!! Great opportunity in one of the fastest growing zip codes in Philadelphia, University City! LOCATION LOCATION LOCATION...get in now while you still can. University City is one of the fastest growing sections of the city with tons of rental demand from Drexel University, Penn University, and young professionals. The Schuylkill Yards Development is proceeding and going to double or triple values here. These 2 HUGE CORNER lots have tons of development potential. ZONED RM-1 and 55 FEET WIDE BY 115 FEET DEEP!!! 700 North 40th Street is 25 feet wide and 702 North 40th Street is 30 feet wide according to public record and both lots are 115 feet deep. Seller requires properties to be sold as a package. With the possibility to develop 14 apartments OR MORE, this is a can't miss opportunity. Bring your offers fast, this one won't last long! Properties are being sold AS-IS!
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,390
Year Built
- Built in 1915
Lot Details
- 2,875 Sq Ft Lot
- Lot Dimensions are 25.00 x 115.00
- Property is sold as a package with 702 North 40th Street. ALSO listed on the MLS.
Parking
- 1 Car Detached Garage
- 1 Driveway Space
Home Design
- Semi-Detached or Twin Home
- Flat Roof Shape
- Brick Foundation
- Masonry
Interior Spaces
- 3,120 Sq Ft Home
- Property has 3 Levels
- High Ceiling
- Unfinished Basement
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- 4 Full Bathrooms
Utilities
- Hot Water Baseboard Heater
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 5
- Assessor Parcel Number 061167100
Community Details
Overview
- No Home Owners Association
- University City Subdivision
Amenities
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
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 | $1,893 | $170,800 | $34,160 | $136,640 |
| 2024 | $1,893 | $170,800 | $34,160 | $136,640 |
| 2023 | $1,893 | $135,200 | $27,040 | $108,160 |
| 2022 | $262 | $90,200 | $27,040 | $63,160 |
| 2021 | $892 | $0 | $0 | $0 |
| 2020 | $892 | $0 | $0 | $0 |
| 2019 | $859 | $0 | $0 | $0 |
| 2018 | $468 | $0 | $0 | $0 |
| 2017 | $887 | $0 | $0 | $0 |
| 2016 | $887 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $63,400 | $15,105 | $48,295 |
| 2012 | -- | $5,952 | $2,547 | $3,405 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/19/2025 02/19/25 | Price Changed | $275,000 | +22.2% | $88 / Sq Ft |
| 02/18/2025 02/18/25 | For Sale | $225,000 | -59.1% | $72 / Sq Ft |
| 01/21/2025 01/21/25 | Price Changed | $550,000 | -8.3% | $100 / Sq Ft |
| 11/15/2024 11/15/24 | For Sale | $600,000 | -- | $109 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2445492
APN: 061167100
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