NOT LISTED FOR SALE

Estimated Value: $1,017,624

-- Bed
-- Bath
2,880 Sq Ft
$353/Sq Ft Est. Value

Last Sold June 12, 2017

Last sale price $875,000 $304 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $6,169/month

8 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • No HOA
  • En-Suite Primary Bedroom
  • 1-minute walk to Cianfrani Park

About This Home

As of June 2017

This property has not been on the market in nearly 30 years and is worth a look. It is a great opportunity to own a triplex in a great location and with a great rental history. The property would also be a great investment for a first-time investor that wants to live in the two-story owner's unit and rent out the other two. As a corner property, the building has over 40 windows that flood the apartments with light and overlook Cianfrani Park at 8th & Fitzwater and the charming town homes of Bella Vista. The first-floor unit is a large studio apartment that was full renovated in 2012. It also has an entrance directly to the street. It has cathedral ceilings, huge windows, a ceiling fan, extra storage and a fully remodeled kitchen and bath. The second-floor apartment is a large one bedroom that was remodeled in 2013. It has high ceilings and an open floor plan with a fully renovated kitchen. All three apartments have hardwood floors and separate meters, hot water heaters and furnaces. A two-story owner's unit sits on top with the bottom floor having a living room, dining room and kitchen open floor plan that is great for entertaining. This floor has a gas fireplace and a kitchen with high-end appliances such as a Subzero refrigerator. The top floor was two bedrooms, but the current owner uses the second bedroom as an office/library/den. It could easily be converted back to a bedroom. The owner's unit has central air conditioning, washer/dryer and a roof top deck that was professionally landscaped and has incredible views. A fireplace could be added in the one bedroom. There is an off-street parking space that the owner rents to one of the tenants. The full unfinished basement has coin operated laundry and ample storage for resident's bikes and other belongings. The property is just a few blocks from the wonderful shops and restaurants of the 9th Street Market, South Street, Bella Vista and Queen Village. The property is located within the William Meredith school catchment. The Whole Foods and Acme grocery stores are just 3-4 blocks away. This is a wonderful area for pets and you will see many owners walking their dogs on the charming tree lined streets and Seger Dog Park is just a few blocks away. There are many public transportation options within 1 to 3 blocks. Thomas Jefferson and Pennsylvania Hospitals are just a 10-minute walk. There owner is selling the property 'as is"

Last Agent to Sell the Property

Tom Smitley

Compass RE Listed on: 04/12/2017

Compass RE

Last Buyer's Agent

Howard Casper

Realty Mark Associates-CC License #RS312106

Realty Mark Associates-CC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,307

Year Built

  • Built in 1920

Lot Details

  • 963 Sq Ft Lot
  • Lot Dimensions are 18x54
  • South Facing Home

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 2,880 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Driveway

Schools

  • William M. Meredith Elementary School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Air
  • Heating System Uses Gas
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 305
  • Assessor Parcel Number 871505290

Community Details

Overview

  • No Home Owners Association
  • Bella Vista Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Income includes laundry, parking
  • Operating Expense $6,307

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,307

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Storage: Basement
  • Year Built: 1920
  • Remarks Public: This property has not been on the market in nearly 30 years and is worth a look. It is a great opportunity to own a triplex in a great location and with a great rental history. The property would also be a great investment for a first-time investor that wants to live in the two-story owner's unit and rent out the other two. As a corner property, the building has over 40 windows that flood the apartments with light and overlook Cianfrani Park at 8th & Fitzwater and the charming town homes of Bella Vista. The first-floor unit is a large studio apartment that was full renovated in 2012. It also has an entrance directly to the street. It has cathedral ceilings, huge windows, a ceiling fan, extra storage and a fully remodeled kitchen and bath. The second-floor apartment is a large one bedroom that was remodeled in 2013. It has high ceilings and an open floor plan with a fully renovated kitchen. All three apartments have hardwood floors and separate meters, hot water heaters and furnaces. A two-story owner's unit sits on top with the bottom floor having a living room, dining room and kitchen open floor plan that is great for entertaining. This floor has a gas fireplace and a kitchen with high-end appliances such as a Subzero refrigerator. The top floor was two bedrooms, but the current owner uses the second bedroom as an office/library/den. It could easily be converted back to a bedroom. The owner's unit has central air conditioning, washer/dryer and a roof top deck that was professionally landscaped and has incredible views. A fireplace could be added in the one bedroom. There is an off-street parking space that the owner rents to one of the tenants. The full unfinished basement has coin operated laundry and ample storage for resident's bikes and other belongings. The property is just a few blocks from the wonderful shops and restaurants of the 9th Street Market, South Street, Bella Vista and Queen Village. The property is located within the William Meredith school catchment. The Whole Foods and Acme grocery stores are just 3-4 blocks away. This is a wonderful area for pets and you will see many owners walking their dogs on the charming tree lined streets and Seger Dog Park is just a few blocks away. There are many public transportation options within 1 to 3 blocks. Thomas Jefferson and Pennsylvania Hospitals are just a 10-minute walk. There owner is selling the property 'as is"
  • Special Features: None

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Entry Location: Foyer
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Common
  • Total Sq Ft: 2880
  • Living Area Sq Ft: 2880
  • Price Per Sq Ft: 303.82
  • Above Grade Finished Sq Ft: 2880
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 719

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Roof: Flat
  • 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: 1
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Elementary School: WILLIAM M. MEREDITH SCHOOL
  • School District Key: 300200397108
  • Elementary School: WILLIAM M. MEREDITH SCHOOL

Lot Info

  • Improvement Assessed Value: 411798.00
  • Land Assessed Value: 38802.00
  • Land Use Code: Y70
  • Lot Size Acres: 0.02
  • Lot Dimensions: 18X54
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 963.00
  • Property Attached Yn: Yes
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 66000.00
  • Income Includes: Laundry, Parking
  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 889831
  • Tax Annual Amount: 6307.00
  • Assessor Parcel Number: 871505290
  • Tax Lot: 305
  • Tax Year: 2017
  • Close Date: 06/12/2017

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2017
Closed on
Jun 12, 2017
Sold by
Mcglade Dennis C
Bought by
Feingerts Bret and Feingerts Theresa
Seller's Agent
Tom Smitley
Compass RE
Buyer's Agent
Howard Casper
Realty Mark Associates-CC
List Price
$875,000
Sold Price
$875,000
Current Estimated Value
$1,017,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,624
Avg. Annual Appreciation
1.59%
Original Mortgage
$700,000
Outstanding Balance
$592,070
Interest Rate
4.03%
Mortgage Type
Commercial
Estimated Equity
$403,140

Purchase Details

Closed on
Jun 23, 1989
Bought by
Mcglade Dennis C
Source: Public Records

Range of Values:

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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
Feingerts Bret $875,000 North American Abstract Agen
Mcglade Dennis C $172,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feingerts Bret W $700,000
Closed Feingerts Bret $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2017 06/12/17 Sold $875,000 0.0% $304 / Sq Ft
04/20/2017 04/20/17 Pending -- -- --
04/12/2017 04/12/17 For Sale $875,000 -- $304 / 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 $7,170 $617,500 $123,500 $494,000
2024 $7,170 $617,500 $123,500 $494,000
2023 $7,170 $512,200 $102,440 $409,760
2022 $6,540 $467,200 $102,440 $364,760
2021 $7,047 $0 $0 $0
2020 $7,047 $0 $0 $0
2019 $6,978 $0 $0 $0
2018 $5,493 $0 $0 $0
2017 $6,308 $0 $0 $0
2016 $6,098 $0 $0 $0
2015 $6,038 $0 $0 $0
2014 -- $450,600 $38,802 $411,798
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003244913

Bright MLS

APN: 871505290