NOT LISTED FOR SALE

Estimated Value: $196,000 - $256,000

-- Bed
1 Bath
2,256 Sq Ft
$94/Sq Ft Est. Value

Last Sold February 18, 2018

Last sale price $100,000 $44 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $1,273/month

Highlights

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

About This Home

As of February 2018

Attention Investors!!! Turn key opportunity with immediate cash flow! This property has 7 legally zoned units, 6 are boarding rooms and the other is a 1 bedroom apartment. There is also a basement which was being used as another 1 bedroom apartment but not legally zoned. Property is very well maintained and set up with hard wire fire system. Garage is currently functioning as storage. Leases available for all units.

Last Agent to Sell the Property

Becky Bostic

(215) 313-1930 becky@the-destinationgroup.com Real of Pennsylvania Listed on: 12/12/2017

Real of Pennsylvania

Co-Listed By

Randi Green

(856) 230-9990 randi@investherphilly.com Coldwell Banker Realty License #RS338738

Last Buyer's Agent

GABRIEL APONTE

(267) 975-3100 gabrielaponte@kw.com Keller Williams Real Estate Tri-County

Keller Williams Real Estate Tri-County

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $977

Year Built

  • Built in 1920

Lot Details

  • 1,040 Sq Ft Lot
  • Lot Dimensions are 16x65

Home Design

  • Duplex
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,256 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 1 Open Parking Space
  • 2 Parking Spaces

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 126
  • Assessor Parcel Number 331197100

Community Details

Overview

  • No Home Owners Association
  • Harrowgate Subdivision

Building Details

  • Electric Expense $2,000
  • Insurance Expense $800
  • Maintenance Expense $2,000
  • Operating Expense $7,977

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$977

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Attention Investors!!! Turn key opportunity with immediate cash flow! This property has 7 legally zoned units, 6 are boarding rooms and the other is a 1 bedroom apartment. There is also a basement which was being used as another 1 bedroom apartment but not legally zoned. Property is very well maintained and set up with hard wire fire system. Garage is currently functioning as storage. Leases available for all units.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2256
  • Living Area Sq Ft: 2256
  • Price Per Sq Ft: 48.71
  • Above Grade Finished Sq Ft: 2256
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 718

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Brick
  • 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
  • Total Garage And Parking Spaces: 2

Utilities

  • Annual Heating Expense: 1000.00
  • Central Air Conditioning: No
  • Electric Expense: 2000.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1200.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Improvement Assessed Value: 59330.00
  • Land Assessed Value: 10470.00
  • Land Use Code: Q50
  • Lot Size Acres: 0.02
  • Lot Dimensions: 16X65
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1040.00
  • Property Attached Yn: Yes
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 32400.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
  • Single Room Units Count: 6

Tax Info

  • Assessor Parcel Number: 1081517
  • Tax Annual Amount: 977.00
  • Assessor Parcel Number: 331197100
  • Tax Lot: 126
  • Tax Year: 2017
  • Close Date: 02/18/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2017
Closed on
Feb 13, 2018
Sold by
Morton Place Properties Llc
Bought by
Estevez Rolando R and Estevez Samantha
Seller's Agent
Becky Bostic
Real of Pennsylvania
Buyer's Agent
GABRIEL APONTE
Keller Williams Real Estate Tri-County
List Price
$109,900
Sold Price
$100,000
Premium/Discount to List
-$9,900
-9.01%
Current Estimated Value
$212,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,560
Avg. Annual Appreciation
10.46%
Original Mortgage
$80,000
Outstanding Balance
$68,443
Interest Rate
4.22%
Mortgage Type
New Conventional
Estimated Equity
$144,117

Purchase Details

Closed on
Nov 30, 2011
Sold by
Troche Gerling G and Troche Carmen
Bought by
Morton Place Properties Llc

Purchase Details

Closed on
Sep 12, 2008
Sold by
Wolfe William J and Wolfe Nancy
Bought by
Troche Gerling D and Troche Carmen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 29, 2003
Sold by
St Philips Methodist Episcopal Church
Bought by
Wolfe William J and Wolfe Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,900
Interest Rate
5.88%
Mortgage Type
Purchase Money Mortgage
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
Estevez Rolando R $100,000 None Available
Morton Place Properties Llc $150,000 None Available
Troche Gerling D $115,000 None Available
Wolfe William J $54,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Estevez Rolando R $80,000
Previous Owner Troche Gerling D $92,000
Previous Owner Wolfe William J $43,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2018 02/18/18 Sold $100,000 -9.0% $44 / Sq Ft
12/27/2017 12/27/17 For Sale $109,900 0.0% $49 / Sq Ft
12/27/2017 12/27/17 Pending -- -- --
12/14/2017 12/14/17 For Sale $109,900 0.0% $49 / Sq Ft
12/14/2017 12/14/17 Pending -- -- --
12/12/2017 12/12/17 For Sale $109,900 -- $49 / 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 $1,816 $169,600 $33,920 $135,680
2024 $1,816 $169,600 $33,920 $135,680
2023 $1,816 $129,700 $25,940 $103,760
2022 $739 $129,700 $25,940 $103,760
2021 $739 $0 $0 $0
2020 $739 $0 $0 $0
2019 $967 $0 $0 $0
2018 $977 $0 $0 $0
2017 $977 $0 $0 $0
2016 $977 $0 $0 $0
2015 $486 $0 $0 $0
2014 -- $74,500 $4,888 $69,612
2012 -- $9,664 $1,826 $7,838
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004313263

Bright MLS

APN: 331197100