NOT LISTED FOR SALE

Estimated Value: $743,000 - $1,049,101

-- Bed
3 Baths
2,208 Sq Ft
$420/Sq Ft Est. Value

Last Sold May 28, 2014

Last sale price $509,000 $231 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $5,580/month

Highlights

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

About This Home

As of May 2014

Prime location! Positive cash flow! Amazing investment opportunity! 3 unit property features three 1-bedroom, 1-bath apartments. Clean, quaint and well maintained. Located in a terrific neighborhood with good restaurants, coffee houses and easy access to public transportation. The home is only a short walk to Rittenhouse Square, University City, supermarkets, pharmacy and all types of shopping. Photos to follow. TENANT OCCUPIED (all utilities separate) - please provide AT LEAST 24 hours notice prior to scheduling a showing

Last Agent to Sell the Property

Edward Levin

(215) 431-5654 ed@11res.com American Destiny Real Estate-Philadelphia License #RM423523 Listed on: 04/15/2014

Last Buyer's Agent

Rachel Rothbard Heller

(215) 901-1279 rrothbard@cbpref.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,697

Year Built

  • Built in 1911

Lot Details

  • 928 Sq Ft Lot
  • Lot Dimensions are 16x58

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,208 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association
  • Operating Expense $3,697

Listing and Financial Details

  • Tax Lot 131
  • Assessor Parcel Number 302148500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,697

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1911
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Master Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2208
  • Living Area Sq Ft: 2208
  • Price Per Sq Ft: 235.46
  • Above Grade Finished Sq Ft: 2208
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • 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: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 228145.00
  • Land Assessed Value: 47755.00
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16X58
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 928.00
  • Zoning: R10

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1063416
  • Tax Annual Amount: 3697.00
  • Assessor Parcel Number: 302148500
  • Tax Lot: 131
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2014
Closed on
May 28, 2014
Sold by
Milstein Dennis L
Bought by
Gercke John Christopher
Seller's Agent
Edward Levin
American Destiny Real Estate-Philadelphia
Buyer's Agent
Rachel Rothbard Heller
Coldwell Banker Realty
List Price
$519,900
Sold Price
$509,000
Premium/Discount to List
-$10,900
-2.1%
Current Estimated Value
$928,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,367
Avg. Annual Appreciation
5.40%
Original Mortgage
$461,487
Outstanding Balance
$332,645
Interest Rate
2.87%
Mortgage Type
FHA
Estimated Equity
$595,722

Purchase Details

Closed on
Aug 23, 2005
Sold by
Milstein Howard
Bought by
Milstein Dennis L
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
Gercke John Christopher $480,000 Title Services
Milstein Dennis L -- Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gercke John Christopher $461,487
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2014 05/28/14 Sold $509,000 -2.1% $231 / Sq Ft
04/25/2014 04/25/14 Pending -- -- --
04/15/2014 04/15/14 For Sale $519,900 -- $235 / 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
2025 $8,532 $727,200 $145,440 $581,760
2024 $8,532 $727,200 $145,440 $581,760
2023 $8,532 $609,500 $121,900 $487,600
2022 $7,959 $609,500 $121,900 $487,600
2021 $7,959 $0 $0 $0
2020 $7,959 $0 $0 $0
2019 $2,066 $0 $0 $0
2018 $3,862 $0 $0 $0
2017 $3,862 $0 $0 $0
2016 $3,862 $0 $0 $0
2015 $3,697 $0 $0 $0
2014 -- $275,900 $47,755 $228,145
2012 -- $16,832 $3,849 $12,983
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002883800

Bright MLS

APN: 302148500