NOT LISTED FOR SALE

Estimated Value: $773,944 - $1,142,000

-- Bed
2 Baths
3,978 Sq Ft
$241/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $775,000 $195 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,329/month

20 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • More Than Two Accessible Exits
  • Wood Flooring
  • 1 Car Attached Garage
  • 1-minute walk to Palumbo Park

About This Home

As of August 2022

A RARE FIND IN BELLA VISTA, 761 S 8th Street is a triplex that is presently being used as a residential studio, 1 bedroom, and 3 bedroom dwelling. A perfect opportunity as an owner occupied investment. The property is zoned CMXI, which is primarily intended to accommodate a low-impact, small-scale, neighborhood – serving retail and service use businesses. The 3 bedroom (main unit) is the center focus of the property. It is 2 levels of living space with a large living room, open space kitchen – dining room, study or den, deck, 3 bedrooms and a powder room. The studio boasts high ceilings with period reliefs and surrounding stained-glass windows. The 1 bedroom apartment has been recently redone and is one level first floor living. There is a one car garage attached to the rear of the building with direct access from this beautiful tree lined street. The main unit is presently owner occupied. Both rental apartments have no leases beyond May 31. Gas and electric are separately metered. Water is paid by owner. This property is being sold with the understanding that the owner will not be able to do any physical repairs. Please see all documents attached for all full disclosures. PLEASE CLICK ON THE CAMERA ICON ABOVE FOR A FULL TOUR AND FLOOR PLANS.

Last Agent to Sell the Property

CHAS HENDRICKSEN

Elfant Wissahickon-Rittenhouse Square Listed on: 05/19/2022

Elfant Wissahickon-Rittenhouse Square

Last Buyer's Agent

Capri Dessecker

RE/MAX One Realty - TCDT License #RS284356

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,726

Year Built

  • Built in 1920

Lot Details

  • 1,398 Sq Ft Lot
  • Lot Dimensions are 18.00 x 78.00
  • Corner Lot

Parking

  • 1 Car Attached Garage
  • Front Facing Garage
  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Dwelling with Rental
  • Converted Dwelling
  • Flat Roof Shape
  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 3,978 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Unfinished Basement
  • Interior and Exterior Basement Entry

Flooring

  • Wood
  • Laminate
  • Vinyl

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • The owner pays for water
  • Tax Lot 167
  • Assessor Parcel Number 022257500

Community Details

Overview

  • 3 Units
  • Bella Vista Subdivision

Building Details

  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,726

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Architectural Style: Converted Dwelling, Dwelling With Rental, Traditional
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: 3 refigerators, 1 washer, 1 dryer
  • New Construction: No
  • Expected On Market: 2022-05-19
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: A RARE FIND IN BELLA VISTA, 761 S 8th Street is a triplex that is presently being used as a residential studio, 1 bedroom, and 3 bedroom dwelling. A perfect opportunity as an owner occupied investment. The property is zoned CMXI, which is primarily intended to accommodate a low-impact, small-scale, neighborhood – serving retail and service use businesses. The 3 bedroom (main unit) is the center focus of the property. It is 2 levels of living space with a large living room, open space kitchen – dining room, study or den, deck, 3 bedrooms and a powder room. The studio boasts high ceilings with period reliefs and surrounding stained-glass windows. The 1 bedroom apartment has been recently redone and is one level first floor living. There is a one car garage attached to the rear of the building with direct access from this beautiful tree lined street. The main unit is presently owner occupied. Both rental apartments have no leases beyond May 31. Gas and electric are separately metered. Water is paid by owner. This property is being sold with the understanding that the owner will not be able to do any physical repairs. Please see all documents attached for all full disclosures. PLEASE CLICK ON THE CAMERA ICON ABOVE FOR A FULL TOUR AND FLOOR PLANS.
  • Special Features: VirtualTour

Interior Features

  • Flooring Type: Hardwood, Laminate Plank, Vinyl
  • Wall Ceiling Types: 9'+ Ceilings
  • Basement: Yes
  • Basement Type: Interior Access, Outside Entrance, Unfinished
  • Total Sq Ft: 3978
  • Living Area Sq Ft: 3978
  • Price Per Sq Ft: 213.65
  • Above Grade Finished Sq Ft: 3978
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 761

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Association Recreation Fee: No

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: 586390.00
  • Land Assessed Value: 251310.00
  • Land Use Code: U50
  • Lot Features: Corner
  • Lot Size Acres: 0.03
  • Lot Dimensions: 18.00 x 78.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1398.00
  • Year Assessed: 2022
  • Zoning: CMX1

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Water
  • Rent Control: No
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 888080
  • School Tax: 6434.00
  • Tax Annual Amount: 11726.00
  • Assessor Parcel Number: 022257500
  • Tax Lot: 167
  • Tax Total Finished Sq Ft: 3978
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/26/2022

Multi Family

  • Number Of Units Vacant: 1
  • 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
May 19, 2022
Closed on
Aug 16, 2022
Sold by
Carmen Serrano
Bought by
Mister Johns Music Llc
Seller's Agent
CHAS HENDRICKSEN
Elfant Wissahickon-Rittenhouse Square
Buyer's Agent
Capri Dessecker
RE/MAX One Realty - TCDT
List Price
$849,900
Sold Price
$775,000
Premium/Discount to List
-$74,900
-8.81%
Total Days on Market
20
Views
1
Current Estimated Value
$956,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,981
Avg. Annual Appreciation
7.82%
Original Mortgage
$1,715,100
Outstanding Balance
$1,651,008
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
-$694,027

Purchase Details

Closed on
Jun 27, 1988
Bought by
Serrano Carmen
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
Mister Johns Music Llc $775,000 --
Serrano Carmen $3,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mister Johns Music Llc $1,715,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $775,000 -8.8% $195 / Sq Ft
06/09/2022 06/09/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $849,900 -- $214 / 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 $11,726 $957,100 $191,420 $765,680
2024 $11,726 $957,100 $191,420 $765,680
2023 $11,726 $837,700 $251,300 $586,400
2022 $10,746 $792,700 $251,300 $541,400
2021 $11,726 $0 $0 $0
2020 $11,726 $0 $0 $0
2019 $10,820 $0 $0 $0
2018 $4,241 $0 $0 $0
2017 $4,451 $0 $0 $0
2016 $4,241 $0 $0 $0
2015 $4,060 $0 $0 $0
2014 -- $318,000 $32,091 $285,909
2012 -- $33,824 $6,765 $27,059
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2116748

Bright MLS

APN: 022257500