NOT LISTED FOR SALE

723 Red Lion Rd Philadelphia, PA 19115

Somerton Neighborhood

Estimated Value: $304,991 - $484,000

-- Bed
2 Baths
1,846 Sq Ft
$207/Sq Ft Est. Value

Last Sold August 20, 2018

Last sale price $200,000 $108 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,355/month

124 Days on Market

Highlights

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

About This Home

As of August 2018

First floor is occupied by the owner currently used as doctors office. Very good location close to public transportation shopping mall school

Last Agent to Sell the Property

Mon Sam

High Lite Realty LLC Listed on: 02/15/2018

Last Buyer's Agent

Mon Sam

High Lite Realty LLC Listed on: 02/15/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,507

Year Built

  • Built in 1966

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 30x100

Parking

  • 4 Open Parking Spaces

Home Design

  • 1,846 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Utilities

  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Laundry in unit
  • Mobility Improvements

Listing and Financial Details

  • Tax Lot 501
  • Assessor Parcel Number 582001600

Community Details

Overview

  • No Home Owners Association
  • Philadelphia Subdivision

Building Details

  • Operating Expense $2,507

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,507

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Accessibility Features: Mobility Improvements
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1966
  • Remarks Public: First floor is occupied by the owner currently used as doctors office. Very good location close to public transportation shopping mall school
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1846
  • Living Area Sq Ft: 1846
  • Price Per Sq Ft: 113.76
  • Above Grade Finished Sq Ft: 1846
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 723

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: 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: 4

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • 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: 125370.00
  • Land Assessed Value: 53730.00
  • Land Use Code: W31
  • Lot Size Acres: 0.07
  • Lot Dimensions: 30X100
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3000.00
  • Property Attached Yn: Yes
  • Zoning: RTA1

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 18000.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 1308277
  • Tax Annual Amount: 2507.00
  • Assessor Parcel Number: 582001600
  • Tax Lot: 501
  • Tax Year: 2018
  • Close Date: 08/20/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2018
Closed on
Sep 13, 2018
Sold by
Petrellis Louis D
Bought by
Cheriyan Sosamma
Seller's Agent
Mon Sam
High Lite Realty LLC
Buyer's Agent
Mon Sam
High Lite Realty LLC
List Price
$249,995
Sold Price
$200,000
Premium/Discount to List
-$49,995
-20%
Current Estimated Value
$375,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,248
Avg. Annual Appreciation
10.63%
Original Mortgage
$150,000
Outstanding Balance
$132,667
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$271,745

Purchase Details

Closed on
Apr 3, 2001
Sold by
Petrellis Louis D and Petrellis Mindy
Bought by
Petrellis Louis D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.93%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Cheriyan Sosamma $200,000 Glandale Abstract Lp
Petrellis Louis D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheriyan Sosamma $150,000
Previous Owner Petrellis Louis D $50,000
Previous Owner Petrellis Louis D $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2018 08/20/18 Sold $200,000 -4.8% $108 / Sq Ft
06/19/2018 06/19/18 Pending -- -- --
06/15/2018 06/15/18 Price Changed $209,995 -12.5% $114 / Sq Ft
05/04/2018 05/04/18 Price Changed $239,995 -4.0% $130 / Sq Ft
02/15/2018 02/15/18 For Sale $249,995 -- $135 / 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 $3,617 $395,300 $79,060 $316,240
2024 $3,617 $395,300 $79,060 $316,240
2023 $3,617 $258,400 $51,680 $206,720
2022 $3,617 $258,400 $51,680 $206,720
2021 $2,963 $0 $0 $0
2020 $2,963 $0 $0 $0
2019 $2,790 $0 $0 $0
2018 $2,086 $0 $0 $0
2017 $2,507 $0 $0 $0
2016 $2,507 $0 $0 $0
2015 $2,400 $0 $0 $0
2014 -- $179,100 $67,165 $111,935
2012 -- $21,408 $3,114 $18,294
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mon Sam

    High Lite Realty LLC

    (215) 725-6769

    7 in this area

    13 Total Sales

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Map

Source: Bright MLS

MLS Number: 1000200324

Bright MLS

APN: 582001600

Pennsylvania Philadelphia County Philadelphia 19115 Somerton

723 Red Lion Rd, Philadelphia, PA

This home is located at 723 Red Lion Rd, Philadelphia, PA 19115 since 15 February 2018 and is currently estimated at $382,997, approximately $207 per square foot. This property was built in 1966. 723 Red Lion Rd is a home located in Philadelphia County with nearby schools including Loesche William H School, CCA Baldi Middle School, and George Washington High School.

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