NOT LISTED FOR SALE

Estimated Value: $451,000

-- Bed
-- Bath
1,728 Sq Ft
$261/Sq Ft Est. Value

Last Sold October 27, 2017

Last sale price $140,000 $81 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $2,768/month

Highlights

  • No HOA
  • 3-minute walk to Lancaster Avenue And 42Nd Street
  • Heating Available
  • En-Suite Primary Bedroom

About This Home

As of October 2017

Wonderful investment opportunity close University City! Property was just renovated and is ready for tenants. Tons of income potential here. The first floor is a large one-bedroom unit with access to the rear yard and basement laundry hook up. 2nd and 3rd floors combine to make an amazing bi-level three-bedroom unit. Apartments have new kitchens, new baths, new windows, new flooring, new lighting. This property will rent quickly year after year. 1 Bedrooms are renting around 650-700. 3 bedrooms are renting around 1,100 ? 1,200 per month. That will put the Cap rate around 15%! Get your clients here asap. The numbers will intrigue them. All offers will be presented to Seller on Tuesday 9/19/17.

Last Agent to Sell the Property

David Snyder

(215) 607-6007 david@centercitylistings.com KW Empower License #RS223144L Listed on: 08/30/2017

KW Empower

Co-Listed By

Justin Willis

(267) 230-9920 jwillis@compass.com Compass RE

Last Buyer's Agent

DEVON M. WRIGHT

(610) 551-6872 devonwrightrealtor@gmail.com Zoom Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,625

Year Built

  • Built in 1925

Lot Details

  • 1,490 Sq Ft Lot
  • Lot Dimensions are 16x93

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,728 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 217
  • Assessor Parcel Number 061279800

Community Details

Overview

  • No Home Owners Association
  • University City Subdivision

Building Details

  • Operating Expense $1,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,625

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1728
  • Living Area Sq Ft: 1728
  • Price Per Sq Ft: 74.65
  • Above Grade Finished Sq Ft: 1728
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • 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: No
  • Heating Fuel: Electric
  • Heating Type: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 16X93
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1490.00
  • Property Attached Yn: Yes
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 1625.00
  • Assessor Parcel Number: 061279800
  • Tax Lot: 217
  • Tax Year: 2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2017
Closed on
Nov 9, 2017
Sold by
Is Jamming Lklc
Bought by
Mandefro Ms Israel
Seller's Agent
David Snyder
KW Empower
Buyer's Agent
DEVON M. WRIGHT
Zoom Realty, LLC
List Price
$129,000
Sold Price
$140,000
Premium/Discount to List
$11,000
8.53%
Current Estimated Value
$451,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$311,000
Avg. Annual Appreciation
15.70%
Original Mortgage
$135,327
Outstanding Balance
$112,823
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$338,177

Purchase Details

Closed on
Nov 10, 2011
Sold by
L & H Properties Llc
Bought by
Bynum Demond and The Estate Of Kamryn Gilliam

Purchase Details

Closed on
Jan 17, 2008
Sold by
East Rock Financial Llc
Bought by
L & H Properties Llc

Purchase Details

Closed on
Aug 8, 2007
Sold by
Equicredit Corp Of America
Bought by
East Rock Financial Llc

Purchase Details

Closed on
Jan 9, 2007
Sold by
Mcnair Dewey and Patterson Mason
Bought by
Equicredit Corp Of America

Purchase Details

Closed on
Oct 27, 1995
Sold by
Wilson Catherine W
Bought by
Mcnair Dewey and Patterson Mason

Purchase Details

Closed on
Jan 2, 1995
Sold by
Green John D
Bought by
Wilson Catherine W
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
Mandefro Ms Israel $140,000 Assurance Abstract Corp
Bynum Demond $77,500 None Available
L & H Properties Llc $30,000 None Available
East Rock Financial Llc $15,832 None Available
Equicredit Corp Of America $55,000 None Available
Mcnair Dewey $6,700 --
Wilson Catherine W $9,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mandefro Ms Israel $135,327
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2017 10/27/17 Sold $140,000 +8.5% $81 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $129,000 0.0% $75 / Sq Ft
08/30/2017 08/30/17 For Sale $129,000 -- $75 / 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 $4,755 $285,000 $57,000 $228,000
2025 $4,755 $430,000 $86,000 $344,000
2024 $4,755 $430,000 $86,000 $344,000
2023 $4,755 $339,700 $67,940 $271,760
2022 $753 $339,700 $67,940 $271,760
2021 $753 $0 $0 $0
2020 $753 $0 $0 $0
2019 $725 $0 $0 $0
2018 $1,625 $0 $0 $0
2017 $1,625 $0 $0 $0
2016 $1,625 $0 $0 $0
2015 $11,598 $0 $0 $0
2014 -- $118,700 $7,766 $110,934
2012 -- $4,512 $1,059 $3,453
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000317281

Bright MLS

APN: 061279800