NOT LISTED FOR SALE

7019 Forrest Ave Philadelphia, PA 19138

West Oak Lane Neighborhood

Estimated Value: $237,000 - $250,000

-- Bed
1 Bath
1,288 Sq Ft
$189/Sq Ft Est. Value

Last Sold September 17, 2018

Last sale price $94,900 $74 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $1,462/month

Highlights

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

About This Home

As of September 2018

Fixer upper duplex with tremendous potential in the Oak lane area of Philadelphia. The first unit on the first floor has a very large living room/ dinning room area. The second floor has two rooms and a very decent size kitchen. Build your rental portfolio or take advantage of being a landlord while your potential tenant pays the mortgage.

Last Agent to Sell the Property

Carlos Sarmiento

(267) 240-2884 carlos@thecondoshops.com Opus Elite Real Estate Listed on: 07/24/2018

Opus Elite Real Estate

Last Buyer's Agent

Ryan Spak

(215) 439-0192 ryanspak.realtymark@gmail.com Realty Mark Associates-CC License #RS-277345-L

Realty Mark Associates-CC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,834

Year Built

  • Built in 1958

Lot Details

  • 1,600 Sq Ft Lot
  • Lot Dimensions are 16x100
  • Property is in below average condition

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,288 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Parking

  • 1 Open Parking Space
  • 2 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 165
  • Assessor Parcel Number 102531900

Community Details

Overview

  • No Home Owners Association
  • Oak Lane Subdivision

Building Details

  • Operating Expense $1,834

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,834

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Hookup
  • Total Sq Ft: 1288
  • Living Area Sq Ft: 1288
  • Price Per Sq Ft: 73.68
  • Above Grade Finished Sq Ft: 1288
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Parking Features: Street
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • 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

Lot Info

  • Improvement Assessed Value: 111350.00
  • Land Assessed Value: 19650.00
  • Lot Size Acres: 0.04
  • Lot Dimensions: 16X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1600.00
  • Property Condition: Below Average
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 939941
  • Tax Annual Amount: 1834.00
  • Assessor Parcel Number: 102531900
  • Tax Lot: 165
  • Tax Year: 2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2018
Closed on
Sep 20, 2018
Sold by
Sharp Michael and Sharp Sireader
Bought by
Feduniue David
Seller's Agent
Carlos Sarmiento
Opus Elite Real Estate
Buyer's Agent
Ryan Spak
Realty Mark Associates-CC
List Price
$94,900
Sold Price
$94,900
Current Estimated Value
$243,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,600
Avg. Annual Appreciation
14.13%
Original Mortgage
$1,360,637
Outstanding Balance
$1,181,658
Interest Rate
4.5%
Mortgage Type
Construction
Estimated Equity
-$938,158

Purchase Details

Closed on
Oct 15, 2007
Sold by
Hightower Deborah J
Bought by
Sharp Michael and Sharp Sireader

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,200
Interest Rate
6.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 2006
Sold by
Hightower Deborah J and Estate Of John Hiller
Bought by
Hightower Deborah J
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Feduniue David $94,900 Assurance Abstract Corp
Sharp Michael $119,000 Stewart Title Guaranty Compa
Hightower Deborah J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feduniue David $1,360,637
Previous Owner Sharp Michael $95,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2018 09/17/18 Sold $94,900 0.0% $74 / Sq Ft
08/03/2018 08/03/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $94,900 -- $74 / 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
2026 $2,174 $224,200 $44,840 $179,360
2025 $2,174 $224,200 $44,840 $179,360
2024 $2,174 $224,200 $44,840 $179,360
2023 $2,174 $155,300 $31,060 $124,240
2022 $1,172 $155,300 $31,060 $124,240
2021 $1,172 $0 $0 $0
2020 $1,172 $0 $0 $0
2019 $2,157 $0 $0 $0
2018 $1,834 $0 $0 $0
2017 $1,834 $0 $0 $0
2016 $1,834 $0 $0 $0
2015 $1,457 $0 $0 $0
2014 -- $108,700 $10,433 $98,267
2012 -- $15,552 $3,000 $12,552
Source: Public Records

Agents Affiliated with this Home

  • Carlos Sarmiento

    Seller's Agent in 2018

    Carlos Sarmiento

    Opus Elite Real Estate

    (267) 240-2884

    1 in this area

    45 Total Sales

    Carlos Sarmiento
    Section Image

  • R

    Buyer's Agent in 2018

    Ryan Spak

    Realty Mark Associates-CC

    (215) 439-0192

    12 Total Sales

    Ryan Spak
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002090558

Bright MLS

APN: 102531900

Pennsylvania Philadelphia County Philadelphia 19138 West Oak Lane

7019 Forrest Ave, Philadelphia, PA

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