NOT LISTED FOR SALE

Estimated Value: $571,035 - $757,000

-- Bed
-- Bath
1,548 Sq Ft
$447/Sq Ft Est. Value

Last Sold January 12, 2018

Last sale price $460,000 $297 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,419/month

35 Days on Market

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Heating System Uses Gas
  • No HOA
  • Central Air

About This Home

As of January 2018

This large multi-unit building is a wonderful investment property in a prime location! Tucked away just behind the Art Museum, with quick access to highways and MLK drive, this property will be a stand-out in Philadelphia's rich rental market, and offers great features like front porch, exposed brick, hardwood floors, and even private outdoor space for the first-floor unit! The property is divided into two units-- a sunny and welcoming 1 bedroom apartment on the first floor, and a large bi-level 3-bedroom on the second and third. Both units are currently tenant occupied and offer large rooms with tons of storage, updated appliances, and natural light. Perfect for the savvy investor who is looking for a great property with value-add potential.

Last Agent to Sell the Property

Ariel Morgenstein

JG Real Estate LLC License #RM421955 Listed on: 10/03/2017

JG Real Estate LLC

Last Buyer's Agent

Suqing Fan

Triamond Realty License #RS304225

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,372

Lot Details

  • 1,440 Sq Ft Lot
  • Lot Dimensions are 16x90
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • 1,548 Sq Ft Home
  • Duplex
  • Brick Exterior Construction

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater

Additional Features

  • En-Suite Primary Bedroom
  • Laundry in unit
  • Unfinished Basement

Listing and Financial Details

  • Tax Lot 181
  • Assessor Parcel Number 151302600

Community Details

Overview

  • No Home Owners Association
  • Fairmount Subdivision

Building Details

  • Operating Expense $4,372

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,372

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Remarks Public: This large multi-unit building is a wonderful investment property in a prime location! Tucked away just behind the Art Museum, with quick access to highways and MLK drive, this property will be a stand-out in Philadelphia's rich rental market, and offers great features like front porch, exposed brick, hardwood floors, and even private outdoor space for the first-floor unit! The property is divided into two units-- a sunny and welcoming 1 bedroom apartment on the first floor, and a large bi-level 3-bedroom on the second and third. Both units are currently tenant occupied and offer large rooms with tons of storage, updated appliances, and natural light. Perfect for the savvy investor who is looking for a great property with value-add potential.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Fireplace: No
  • Entry Location: Common
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1548
  • Living Area Sq Ft: 1548
  • Price Per Sq Ft: 306.85
  • Above Grade Finished Sq Ft: 1548
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 763

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
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • 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: 218610.00
  • Land Assessed Value: 93690.00
  • Land Use Code: U50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16X90
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1440.00
  • Property Attached Yn: Yes
  • Property Condition: Good
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 32400.00
  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 964451
  • Tax Annual Amount: 4372.00
  • Assessor Parcel Number: 151302600
  • Tax Lot: 181
  • Tax Year: 2017
  • Close Date: 01/12/2018

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2017
Closed on
Jan 10, 2018
Sold by
Byrne Frank J
Bought by
Lin Hangfeng and Wang Xuya
Seller's Agent
Ariel Morgenstein
JG Real Estate LLC
Buyer's Agent
Suqing Fan
Triamond Realty
List Price
$475,000
Sold Price
$460,000
Premium/Discount to List
-$15,000
-3.16%
Current Estimated Value
$692,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,678
Avg. Annual Appreciation
5.50%
Original Mortgage
$368,000
Outstanding Balance
$311,678
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$381,000

Purchase Details

Closed on
Jul 31, 1972
Bought by
Byrne Frank J
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
Lin Hangfeng $460,000 First City Abstract Agency I
Byrne Frank J $2,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lin Hangfeng $368,000
Previous Owner Byrne Francis J $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2018 01/12/18 Sold $460,000 -3.2% $297 / Sq Ft
12/30/2017 12/30/17 Price Changed $475,000 0.0% $307 / Sq Ft
11/07/2017 11/07/17 Pending -- -- --
10/03/2017 10/03/17 For Sale $475,000 -- $307 / 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 $8,088 $555,700 $111,140 $444,560
2024 $8,088 $555,700 $111,140 $444,560
2023 $8,088 $577,800 $115,560 $462,240
2022 $6,593 $577,800 $115,560 $462,240
2021 $6,593 $0 $0 $0
2020 $6,593 $0 $0 $0
2019 $6,380 $0 $0 $0
2018 $4,372 $0 $0 $0
2017 $4,372 $0 $0 $0
2016 $4,372 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $312,300 $79,587 $232,713
2012 -- $28,416 $15,259 $13,157
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001718417

Bright MLS

APN: 151302600