NOT LISTED FOR SALE

Estimated Value: $419,627 - $529,000

-- Bed
3 Baths
1,852 Sq Ft
$253/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $410,000 $221 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,885/month

25 Days on Market

Highlights

  • Solid Hardwood Flooring
  • Ceiling height of 9 feet or more
  • Hot Water Heating System
  • Corner Lot
  • Ceiling Fan
  • 4-minute walk to Palumbo Park

About This Home

As of July 2022

Jack Benny invented the joke “How do you get to Carnegie Hall?” whose punchline is “Practice, practice, practice”?
A hackneyed real estate phrase is "location, location, location".
The triplex has excellent and convenient location on a quiet street near the Italian Market. The Italian Market plays host to the annual Italian Market Festival with music, activities, and food.
It is an income-producing triplex in a charming and vibrant neighborhood. This triplex has great character and wonderful layout by offering one bedroom units on each floor. The perfect opportunity to live in one and rent the other two units. Fabulous investment opportunity.
The apartment on the 1st floor offers sizable one bedroom with egress into the unit’s fenced private yard. There is an exclusive use of a large cemented basement with a washer & dryer and a lot of storage space.
Centrally located to everything: approximately 1-10 minute walk in each direction to the eateries, shops, and bars along South Street, the Italian Market, and Passyunk Square. Within four blocks from at least 20 restaurants of different ethnicity.
If you are a resident, you can have the right to park your car in the adjacent parking lot for a small fee.
The property is in need of some repairs, but it is priced accordingly. With some updates, a lucky owner can bring this gem back to its glory and maximize on rents. Electric and gas heat are separately metered. Seller related to the Agent.
Property being sold AS-IS.

Last Agent to Sell the Property

Veta McCarther

VRA Realty License #RS354682 Listed on: 05/24/2022

VRA Realty

Last Buyer's Agent

JINGHUA YANG

RE/MAX Plus License #RS351725

RE/MAX Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,741

Year Built

  • Built in 1915 | Remodeled in 2021

Lot Details

  • 906 Sq Ft Lot
  • Lot Dimensions are 15.00 x 61.00
  • Corner Lot

Home Design

  • Triplex
  • Back-to-Back Home
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 1,852 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Ceiling Fan

Flooring

  • Solid Hardwood
  • Partially Carpeted

Parking

  • Parking Lot
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Radiator
  • Hot Water Heating System
  • 110 Volts
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Community Details

  • 3 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 223
  • Assessor Parcel Number 021125800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,741

Year Built

Built in 1915 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Back-To-Back
  • Ownership: Fee Simple
  • Exclusions: All personal property of tenants.
  • Historic: No
  • New Construction: No
  • Expected On Market: 2022-05-27
  • Year Built: 1915
  • Year Renovated: 2021
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Jack Benny invented the joke “How do you get to Carnegie Hall?” whose punchline is “Practice, practice, practice”? A hackneyed real estate phrase is "location, location, location". The triplex has excellent and convenient location on a quiet street near the Italian Market. The Italian Market plays host to the annual Italian Market Festival with music, activities, and food. It is an income-producing triplex in a charming and vibrant neighborhood. This triplex has great character and wonderful layout by offering one bedroom units on each floor. The perfect opportunity to live in one and rent the other two units. Fabulous investment opportunity. The apartment on the 1st floor offers sizable one bedroom with egress into the unit’s fenced private yard. There is an exclusive use of a large cemented basement with a washer & dryer and a lot of storage space. Centrally located to everything: approximately 1-10 minute walk in each direction to the eateries, shops, and bars along South Street, the Italian Market, and Passyunk Square. Within four blocks from at least 20 restaurants of different ethnicity. If you are a resident, you can have the right to park your car in the adjacent parking lot for a small fee. The property is in need of some repairs, but it is priced accordingly. With some updates, a lucky owner can bring this gem back to its glory and maximize on rents. Electric and gas heat are separately metered. Seller related to the Agent. Property being sold AS-IS.
  • Special Features: NewHome

Interior Features

  • Flooring Type: Partially Carpeted, Solid Hardwood
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Foundation Details: Concrete Perimeter
  • Total Sq Ft: 1852
  • Living Area Sq Ft: 1852
  • Price Per Sq Ft: 245.68
  • Above Grade Finished Sq Ft: 1852
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 717

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Refuse: 350.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Electric Service: 110 Volts
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Cable Tv, Natural Gas Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 287194.00
  • Land Assessed Value: 123006.00
  • Land Use Code: U50
  • Lot Features: Corner
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15.00 x 61.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 906.00
  • Year Assessed: 2022
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 882772
  • School Tax: 3150.00
  • Tax Annual Amount: 5741.00
  • Assessor Parcel Number: 021125800
  • Tax Lot: 223
  • Tax Total Finished Sq Ft: 1851
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/29/2022

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2022
Closed on
Jul 29, 2022
Sold by
David Romberg
Bought by
Gh Re Management Llc
Seller's Agent
Veta McCarther
VRA Realty
Buyer's Agent
JINGHUA YANG
RE/MAX Plus
List Price
$455,000
Sold Price
$410,000
Premium/Discount to List
-$45,000
-9.89%
Current Estimated Value
$468,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,542
Avg. Annual Appreciation
7.24%

Purchase Details

Closed on
Jul 18, 2001
Sold by
Romberg John and Romberg Eva
Bought by
Romberg David
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
Gh Re Management Llc $410,000 None Listed On Document
Romberg David -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $410,000 -9.9% $221 / Sq Ft
06/18/2022 06/18/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $455,000 -- $246 / 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 $4,041 $535,700 $107,140 $428,560
2024 $4,041 $535,700 $107,140 $428,560
2023 $4,041 $288,700 $57,740 $230,960
2022 $5,742 $288,700 $57,740 $230,960
2021 $5,742 $0 $0 $0
2020 $5,742 $0 $0 $0
2019 $5,298 $0 $0 $0
2018 $3,565 $0 $0 $0
2017 $3,565 $0 $0 $0
2016 $32 $0 $0 $0
2015 $24,887 $0 $0 $0
2014 -- $254,700 $20,270 $234,430
2012 -- $18,656 $2,819 $15,837
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2119514

Bright MLS

APN: 021125800