NOT LISTED FOR SALE

7316 Frankford Ave Philadelphia, PA 19136

Mayfair Neighborhood

Estimated Value: $456,353

-- Bed
-- Bath
2,156 Sq Ft
$212/Sq Ft Est. Value

Last Sold February 15, 2022

Last sale price $425,000 $197 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,689/month

12 Days on Market

About This Home

As of February 2022

Investor Alert! Perfect opportunity for a savvy real estate investor looking for instant cash flow. Multi-family unit property on a busy intersection with tons of foot and vehicle traffic. The first floor is a commercial unit that consists of large storefront space with great display windows perfect for advertising of the business. This unit also an office, back storage, and large basement with half bathroom. Storefront has a motorized gate lift for convenience. The 2nd floor with separate entrance consists of 2 1-Bedroom apartments, both units are currently rented with long term tenants looking to stay. Conveniently located to public transportation, stores, schools, etc. Great location with street parking. Sit back and collect rent!

Last Agent to Sell the Property

Joseph Bograd

Elite Realty Group Unl. Inc. License #AB066484 Listed on: 12/22/2021

Last Buyer's Agent

Jinny Yang

RE/MAX Access

RE/MAX Access

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,335

Year Built

  • Built in 1980

Lot Details

  • 1,140 Sq Ft Lot
  • Lot Dimensions are 16.29 x 70.00

Parking

  • On-Street Parking

Home Design

  • Masonry

Interior Spaces

  • 2,156 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 105
  • Assessor Parcel Number 871262050

Community Details

Overview

  • 3 Units
  • Mayfair Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,335

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1980
  • Automatically Close On Close Date: No
  • Remarks Public: Investor Alert! Perfect opportunity for a savvy real estate investor looking for instant cash flow. Multi-family unit property on a busy intersection with tons of foot and vehicle traffic. The first floor is a commercial unit that consists of large storefront space with great display windows perfect for advertising of the business. This unit also an office, back storage, and large basement with half bathroom. Storefront has a motorized gate lift for convenience. The 2nd floor with separate entrance consists of 2 1-Bedroom apartments, both units are currently rented with long term tenants looking to stay. Conveniently located to public transportation, stores, schools, etc. Great location with street parking. Sit back and collect rent!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2156
  • Living Area Sq Ft: 2156
  • Price Per Sq Ft: 194.34
  • Above Grade Finished Sq Ft: 2156
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7316

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • 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

  • Improvement Assessed Value: 133440.00
  • Land Assessed Value: 33360.00
  • Land Use Code: Y30
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.29 x 70.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1140.00
  • Year Assessed: 2021
  • Zoning: CMX2.

Rental Info

  • Existing Lease Type: Month To Month, Long Term
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1358168
  • School Tax: 1281.00
  • Tax Annual Amount: 2335.00
  • Assessor Parcel Number: 871262050
  • Tax Lot: 105
  • Tax Total Finished Sq Ft: 1562
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 02/15/2022

Multi Family

  • Number Of Units Vacant: 1
  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2021
Closed on
Feb 1, 2022
Sold by
Unknown
Bought by
Jade Horse Llc
Seller's Agent
Joseph Bograd
Elite Realty Group Unl. Inc.
Buyer's Agent
Jinny Yang
RE/MAX Access
List Price
$419,000
Sold Price
$425,000
Premium/Discount to List
$6,000
1.43%
Current Estimated Value
$456,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,353
Avg. Annual Appreciation
1.41%
Original Mortgage
$307,500
Outstanding Balance
$289,349
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$157,040

Purchase Details

Listed on
Apr 16, 2016
Closed on
Aug 18, 2016
Sold by
Xhema Ferdinand and Xhema Nasibe
Bought by
Zoe & Mia Properrty Management Llc
Seller's Agent
Florian Furxhiu
EXP Realty, LLC
Buyer's Agent
Florian Furxhiu
EXP Realty, LLC
List Price
$324,900
Sold Price
$310,000
Premium/Discount to List
-$14,900
-4.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.77%

Purchase Details

Closed on
Jun 27, 2007
Sold by
Le Bay and Nguyen Paul T
Bought by
Xhema Ferdinand and Xhema Nasibe

Purchase Details

Closed on
Jun 23, 2003
Sold by
Do Linh Tuan and Le Uyen
Bought by
Le Bay and Nguyen Paul T

Purchase Details

Closed on
May 17, 2000
Sold by
Turak Penelope Lagakos and Manos John S
Bought by
Do Linh Tuan and Le Uyen
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
Jade Horse Llc $439,600 None Listed On Document
Zoe & Mia Properrty Management Llc $310,000 None Available
Xhema Ferdinand $260,000 None Available
Le Bay $270,000 --
Do Linh Tuan $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jade Horse Llc $307,500
Previous Owner Xhema Ferdinand $100,000
Closed Zoe & Mia Properrty Management Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2022 02/15/22 Sold $425,000 +1.4% $197 / Sq Ft
02/01/2022 02/01/22 Price Changed $419,000 0.0% $194 / Sq Ft
01/03/2022 01/03/22 Pending -- -- --
12/22/2021 12/22/21 For Sale $419,000 +35.2% $194 / Sq Ft
07/06/2016 07/06/16 Sold $310,000 -4.6% $144 / Sq Ft
05/11/2016 05/11/16 Pending -- -- --
04/16/2016 04/16/16 For Sale $324,900 -- $151 / 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 $2,427 $188,400 $37,680 $150,720
2024 $2,427 $188,400 $37,680 $150,720
2023 $2,427 $173,400 $34,680 $138,720
2022 $2,335 $173,400 $34,680 $138,720
2021 $2,335 $0 $0 $0
2020 $2,335 $0 $0 $0
2019 $2,312 $0 $0 $0
2018 $0 $0 $0 $0
2017 $2,867 $0 $0 $0
2016 $2,867 $0 $0 $0
2015 $2,744 $0 $0 $0
2014 -- $204,800 $17,100 $187,700
2012 -- $27,200 $10,230 $16,970
Source: Public Records

Agents Affiliated with this Home

  • Joseph Bograd

    Seller's Agent in 2022

    Joseph Bograd

    RE/MAX

    (267) 246-9729

    2 in this area

    419 Total Sales

    Section Image
  • Jinny Yang

    Buyer's Agent in 2022

    Jinny Yang

    RE/MAX

    (215) 873-5882

    8 in this area

    60 Total Sales

    Section Image
  • Florian Furxhiu

    Seller's Agent in 2016

    Florian Furxhiu

    EXP Realty, LLC

    (267) 688-7367

    50 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2058400

Bright MLS

APN: 871262050

Pennsylvania Philadelphia County Philadelphia 19136 Mayfair

7316 Frankford Ave, Philadelphia, PA

This home is located at 7316 Frankford Ave, Philadelphia, PA 19136 since 22 December 2021 and is currently estimated at $456,353, approximately $211 per square foot. This property was built in 1980. 7316 Frankford Ave is a home located in Philadelphia County with nearby schools including Lincoln High School, Meehan Austin Middle School, and Northeast Community Propel Academy.

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