$397,000
SOLD JUL 31, 2019
0.02 Acre
$19,850,000 Price per Acre
768 Sq Ft Lot

Recently Sold

8% Below List Price

About This Lot

As of July 2020

730 S Hicks Street aka 1500 Senate Street. Vacant RM1 (multi-family zoned) 16x48 CORNER LOT in Graduate Hospital / Southwest Center City. Located blocks off the Avenue of the Arts and Rittenhouse. New single-family sales over $1.7M within half a block. Unique opportunity to build a DETACHED condo or single-family. Potential for 100% coverage for a 2-unit condo (with with proper approvals) or a single-family with rear parking (with proper approvals). There is a 3' wide alley between the lot and the street which can potentially be extinguished and consolidated with the lot for a 19' frontage (with proper approvals). Project will have incredible city skyline views from the North facing windows; even from the ground floor. Mid-rise on block is a retirement community. Ground broken on 10 new $2M+ homes a block away.

Last Agent to Sell the Property

Christopher Carr

HomeZu Listed on: 02/07/2019

Last Buyer's Agent

Michael Scipione

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,225

Lot Details

  • 768 Sq Ft Lot
  • Property is zoned RM1

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 194
  • Assessor Parcel Number 301283900

Property Details

Property Type

Land

Est. Annual Taxes

$3,225

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Vacant
  • New Construction: No
  • Remarks Public: 730 S Hicks Street aka 1500 Senate Street. Vacant RM1 (multi-family zoned) 16x48 CORNER LOT in Graduate Hospital / Southwest Center City. Located blocks off the Avenue of the Arts and Rittenhouse. New single-family sales over $1.7M within half a block. Unique opportunity to build a DETACHED condo or single-family. Potential for 100% coverage for a 2-unit condo (with with proper approvals) or a single-family with rear parking (with proper approvals). There is a 3' wide alley between the lot and the street which can potentially be extinguished and consolidated with the lot for a 19' frontage (with proper approvals). Project will have incredible city skyline views from the North facing windows; even from the ground floor. Mid-rise on block is a retirement community. Ground broken on 10 new $2M+ homes a block away.
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 527.34
  • Street Number Modifier: 730

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 768.00
  • Year Assessed: 2020
  • Zoning: RM1
  • Farmland Preservation: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1061468
  • School Tax: 1770.00
  • Tax Annual Amount: 3225.00
  • Assessor Parcel Number: 301283900
  • Tax Lot: 194
  • Tax Data Updated: Yes
  • Tax Year: 2020
  • Close Date: 07/31/2019

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2020
Closed on
Jul 7, 2020
Sold by
Jp Investment Partners Llc
Bought by
Cilley Robert J
Seller's Agent
Michael Scipione
Coldwell Banker Realty
Buyer's Agent
Andrew Janos
Purvue LLC
List Price
$1,250,000
Sold Price
$1,150,000
Premium/Discount to List
-$100,000
-8%
Current Estimated Value
$1,101,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,964
Avg. Annual Appreciation
-1.14%
Original Mortgage
$62,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 7, 2019
Closed on
Jul 24, 2019
Sold by
Metropoly Llc
Bought by
Jp Investment Partners Llc
Seller's Agent
Christopher Carr
HomeZu
Buyer's Agent
Michael Scipione
Coldwell Banker Realty
List Price
$430,000
Sold Price
$397,000
Premium/Discount to List
-$33,000
-7.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
202.80%
Original Mortgage
$685,000
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 2, 2016
Sold by
Cherry Warren L and Cherry Joan
Bought by
Metroply Llc

Purchase Details

Closed on
May 13, 1981
Bought by
Cherry Warren I
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Deed $1,150,000 Stone Abstract
Deed $397,000 City Abstract Llc
Deed $147,000 None Available
Quit Claim Deed $1,200 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $62,500 New Conventional
Previous Owner $685,000 Construction
Previous Owner $100,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $1,150,000 -8.0% $383 / Sq Ft
06/05/2020 06/05/20 Pending -- -- --
05/21/2020 05/21/20 Price Changed $1,250,000 0.0% $417 / Sq Ft
05/21/2020 05/21/20 For Sale $1,250,000 +8.7% $417 / Sq Ft
05/07/2020 05/07/20 Off Market $1,150,000 -- --
03/12/2020 03/12/20 For Sale $1,295,000 +226.2% $432 / Sq Ft
07/31/2019 07/31/19 Sold $397,000 -2.0% --
04/24/2019 04/24/19 Pending -- -- --
04/15/2019 04/15/19 Price Changed $405,000 -5.8% --
02/07/2019 02/07/19 For Sale $430,000 -- --
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 $2,940 $1,168,000 $233,600 $934,400
2024 $2,940 $1,168,000 $233,600 $934,400
2023 $2,940 $1,050,000 $210,000 $840,000
2022 $4,115 $210,000 $210,000 $0
2021 $3,225 $0 $0 $0
2020 $3,225 $0 $0 $0
2019 $3,225 $0 $0 $0
2018 $3,225 $0 $0 $0
2017 $3,225 $0 $0 $0
2016 $482 $0 $0 $0
2015 $466 $0 $0 $0
2014 -- $34,800 $34,800 $0
2012 -- $4,896 $4,896 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH693634

Bright MLS

APN: 301283900