NOT LISTED FOR SALE

706 N 40th St Philadelphia, PA 19104

Belmont Neighborhood
-- Bed
-- Bath
2,868 Sq Ft
3,450 Sq Ft Lot

Last Sold November 01, 2023

Last sale price $280,000 $98 Per Sq Ft

3 Days on Market

Highlights

  • 0.08 Acre Lot
  • 3-minute walk to Lancaster Avenue And Wallace Street
  • Radiator
  • Traditional Architecture
  • Halls are 36 inches wide or more
  • 2-minute walk to Urban Thinkscape

About This Home

As of November 2023

Great investment opportunity in the Belmont / Powelton area of the city. This property is situated on a 3,450 sf Parcel which length of the parcel is from 40th street to Wiota Street. The possibilities are endless. A investor can explore the highest and best in building anywhere from 11- 15 units on the parcel. Another option could be retro fit with additional square footage added to the property, which could yield 11 units, or just rehab the space into a 5-6 unit building if a investor do not want to make it a bigger project. The Property is RM1 so any of these options would be a by right project build.

Last Agent to Sell the Property

Taison DeVore

Trinity Property Advisors License #RS330459 Listed on: 08/22/2023

Last Buyer's Agent

Taison DeVore

Trinity Property Advisors License #RS330459 Listed on: 08/22/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,934

Year Built

  • Built in 1915

Lot Details

  • 3,450 Sq Ft Lot
  • Lot Dimensions are 30.00 x 115.00

Home Design

  • 2,868 Sq Ft Home
  • Quadruplex
  • Traditional Architecture
  • Brick Foundation
  • Masonry

Accessible Home Design

  • Halls are 36 inches wide or more

Utilities

  • Cooling System Utilizes Natural Gas
  • Radiator
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Belmont Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 061167400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,934

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Accessibility Features: 36"+ Wide Halls
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 2868
  • Living Area Sq Ft: 2868
  • Price Per Sq Ft: 123.78
  • Above Grade Finished Sq Ft: 2868
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 706

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Natural Gas
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: N50
  • Lot Size Acres: 0.08
  • Lot Dimensions: 30.00 x 115.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3450.00
  • Year Assessed: 2023
  • Zoning: RSA3
  • Zoning Description: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 2159.00
  • Tax Annual Amount: 3934.00
  • Assessor Parcel Number: 061167400
  • Tax Lot: 2
  • Tax Total Finished Sq Ft: 2868
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/01/2023

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2023
Closed on
Nov 1, 2023
Sold by
Thomas-Johnson Diana
Bought by
Casablanca Investors Llc
Seller's Agent
Taison DeVore
Trinity Property Advisors
Buyer's Agent
Taison DeVore
Trinity Property Advisors
List Price
$355,000
Sold Price
$280,000
Premium/Discount to List
-$75,000
-21.13%
Views
119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%

Purchase Details

Closed on
Aug 18, 2015
Sold by
Johnson D C
Bought by
Thomas Johnson Diana

Purchase Details

Closed on
Dec 2, 1986
Bought by
Johnson D C
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

Property History

Date Event Price Change Sq Ft Price
11/01/2023 11/01/23 Sold $280,000 -21.1% $98 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
08/22/2023 08/22/23 For Sale $355,000 -- $124 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Taison DeVore

    Seller's Agent in 2023

    Taison DeVore

    Trinity Property Advisors

    (215) 678-4254

    1 in this area

    63 Total Sales

    Taison DeVore
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Map

Source: Bright MLS

MLS Number: PAPH2270624

Bright MLS

APN: 06-1-1674-00

Pennsylvania Philadelphia County Philadelphia 19104 Belmont

706 N 40th St, Philadelphia, PA

This home is located at 706 N 40th St, Philadelphia, PA 19104 since 22 August 2023. This property was built in 1915. 706 N 40th St is a home located in Philadelphia County with nearby schools including West Philadelphia High School, Belmont Charter Elementary School, and Our Mother of Sorrows/St. Ignatius of Loyola Catholic School.

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