NOT LISTED FOR SALE

Estimated Value: $862,000 - $1,220,000

-- Bed
-- Bath
4,000 Sq Ft
$249/Sq Ft Est. Value

Last Sold December 07, 2021

Last sale price $880,000 $220 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,307/month

Highlights

  • New Construction
  • 90% Forced Air Heating and Cooling System
  • 1-minute walk to 39th and Olive Playground
  • Contemporary Architecture
  • Property is in excellent condition

About This Home

As of December 2021

Welcome to ''TRIPLE - TRIPLEX'' in one of the strongest rental and investment market. Don't miss incredible investment opportunity located in walking proximity to Drexel University and UPENN This triplex offers three (3) luxury condo-style spacious and tastefully designed apartments featuring rustic flooring, stainless-steel appliances, and tons of square footage. Unit #1 is a 4 Bed, 3 Baths. Units #2 is 2 Bed, 2 Baths. Unit# 3 is 3 Bed, 2 Baths. Each unit includes a large open-concept common space, upgraded kitchen, and extremely spacious bedrooms with accompanying closets and bathrooms! Unit 1 is accompanied by a good-size back patio. All units are on their own meter for gas and electric, and each have their own gas furnaces, water heaters, and include washer and dryers. This property is ideal for Drexel students, medical professionals, and university staff due to its proximity to Drexel University and Penn Presbyterian hospital. With an abundance of public transportation as well as the proximity to Downtown Philadelphia, 723 N 39th gets a Walkscore of 87 out of 100, a 62 out of 100 for transit, and 95 out of 100 for the bikers. This property is located near dozens of restaurants, cafes, and bars. There is no shortage of eateries nearby. Along Lancaster Ave, find many different boutiques and stores within a walking distance! This property is not to be missed, contact Philly Home Advisors today to learn more about this incredible investment opportunity! This potential money machine apartment 's predicted income will be about 6750$ in a month. The property is still under construction and expected finish is in 45. Last but not least, FULL 10 YEARS TAX ABATEMENT is process and 1 YEAR BUILDER WARRANTY. Opportunity knocks the door for investors !. NOTE : 675 N 39th went under contract before hit the market.

Last Agent to Sell the Property

Gazi Ataseven

(267) 774-6886 gztsvn@gmail.com HomeSmart Realty Advisors License #RM426020 Listed on: 09/07/2021

HomeSmart Realty Advisors

Last Buyer's Agent

Rani Saba

(215) 284-1760 rani@thesomersteam.com KW Empower License #RS359089

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $155

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 1,312 Sq Ft Lot
  • Lot Dimensions are 16.00 x 82.00
  • Property is in excellent condition

Home Design

  • 4,000 Sq Ft Home
  • Triplex
  • Contemporary Architecture
  • Brick Exterior Construction
  • Aluminum Siding

Utilities

  • 90% Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Finished Basement

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 216
  • Assessor Parcel Number 243100800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$155

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: Yes
  • Year Built: 2021
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to ''TRIPLE - TRIPLEX'' in one of the strongest rental and investment market. Don't miss incredible investment opportunity located in walking proximity to Drexel University and UPENN This triplex offers three (3) luxury condo-style spacious and tastefully designed apartments featuring rustic flooring, stainless-steel appliances, and tons of square footage. Unit #1 is a 4 Bed, 3 Baths. Units #2 is 2 Bed, 2 Baths. Unit# 3 is 3 Bed, 2 Baths. Each unit includes a large open-concept common space, upgraded kitchen, and extremely spacious bedrooms with accompanying closets and bathrooms! Unit 1 is accompanied by a good-size back patio. All units are on their own meter for gas and electric, and each have their own gas furnaces, water heaters, and include washer and dryers. This property is ideal for Drexel students, medical professionals, and university staff due to its proximity to Drexel University and Penn Presbyterian hospital. With an abundance of public transportation as well as the proximity to Downtown Philadelphia, 723 N 39th gets a Walkscore of 87 out of 100, a 62 out of 100 for transit, and 95 out of 100 for the bikers. This property is located near dozens of restaurants, cafes, and bars. There is no shortage of eateries nearby. Along Lancaster Ave, find many different boutiques and stores within a walking distance! This property is not to be missed, contact Philly Home Advisors today to learn more about this incredible investment opportunity! This potential money machine apartment 's predicted income will be about 6750$ in a month. The property is still under construction and expected finish is in 45. Last but not least, FULL 10 YEARS TAX ABATEMENT is process and 1 YEAR BUILDER WARRANTY. Opportunity knocks the door for investors !. NOTE : 675 N 39th went under contract before hit the market.
  • Special Features: NewHome

Interior Features

  • Room Count: 9
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 4000
  • Living Area Sq Ft: 4000
  • Price Per Sq Ft: 224.75
  • Above Grade Finished Sq Ft: 4000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 723

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Aluminum Siding
  • Construction Completed: No
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Assessed Value: 11100.00
  • Land Use Code: SR
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 82.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1312.00
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1029385
  • School Tax: 85.00
  • Tax Annual Amount: 155.00
  • Assessor Parcel Number: 243100800
  • Tax Lot: 216
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 12/07/2021

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2021
Closed on
Nov 9, 2021
Sold by
Kumas Homes Llc
Bought by
Natarajan Suchitra
Seller's Agent
Gazi Ataseven
HomeSmart Realty Advisors
Buyer's Agent
Rani Saba
KW Empower
List Price
$899,000
Sold Price
$880,000
Premium/Discount to List
-$19,000
-2.11%
Current Estimated Value
$996,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,908
Avg. Annual Appreciation
3.28%
Original Mortgage
$528,000
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2020
Sold by
727 N 39Th St Llc
Bought by
Kumas Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 18, 1966
Bought by
Beatrice Gluck
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
Natarajan Suchitra $880,000 Go Abstract Services
Kumas Homes Llc $340,000 None Available
Beatrice Gluck -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Natarajan Suchitra $528,000
Previous Owner Kumas Homes Llc $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2021 12/07/21 Sold $880,000 -2.1% $220 / Sq Ft
09/07/2021 09/07/21 For Sale $899,000 -- $225 / 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 $448 $42,600 $42,600 --
2024 $448 $42,600 $42,600 --
2023 $448 $32,000 $32,000 $0
2022 $155 $32,000 $32,000 $0
2021 $155 $0 $0 $0
2020 $155 $0 $0 $0
2019 $155 $0 $0 $0
2018 $155 $0 $0 $0
2017 $155 $0 $0 $0
2016 $95 $0 $0 $0
2015 $91 $0 $0 $0
2014 -- $6,800 $6,800 $0
2012 -- $2,528 $2,528 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2028328

Bright MLS

APN: 243100800