NOT LISTED FOR SALE

Estimated Value: $317,000 - $374,367

-- Bed
2 Baths
1,804 Sq Ft
$192/Sq Ft Est. Value

Last Sold September 07, 2023

Last sale price $355,000 $197 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,046/month

4 Days on Market

About This Home

As of September 2023

Great location, close to Cedarbrook and Mt Airy this Legal Duplex with 3 fully functional units is a terrific investment property. Basement Unit: 1 bedroom and 1 bathroom with electric baseboard heat and laundry hookups. The basement unit is vacant and should bring $900 monthly in rent. 1st Floor Unit: 2 bedrooms and 1 bathroom. This unit was recently updated and is represented in the pictures attached to this listing. This unit will be vacant on July 1 and produces $1200 per month rent. 2nd Floor Unit: 2 bedrooms with 1 bathroom. This unit is occupied by a long-term tenant currently paying $1200 per month.

Last Agent to Sell the Property

Matthew Aragona

(610) 745-3211 matt.aragona@compass.com Compass RE License #2293844 Listed on: 07/13/2023

Compass RE

Co-Listed By

Jim Israel

(215) 828-4219 jim.israel@wheelhousephilly.com Compass RE License #2549478

Compass RE

Last Buyer's Agent

Jim Israel

(215) 828-4219 jim.israel@wheelhousephilly.com Compass RE License #2549478

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,761

Year Built

  • Built in 1950

Lot Details

  • 2,925 Sq Ft Lot
  • Lot Dimensions are 28.00 x 103.00

Home Design

  • 1,804 Sq Ft Home
  • Duplex
  • Masonry

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Utilities

  • Electric Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 260
  • Assessor Parcel Number 502068400

Community Details

Overview

  • 2 Units
  • 3-Story Building

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,761

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-07-14
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Special Features: None
  • Stories: 0

Interior Features

  • Foundation Details: Other
  • Total Sq Ft: 1804
  • Living Area Sq Ft: 1804
  • Price Per Sq Ft: 188.47
  • Above Grade Finished Sq Ft: 1804
  • Above Grade Finished Area Units: Square Feet

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
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 28.00 x 103.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2925.00
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Total Actual Rent: 40800.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 1515.00
  • Tax Annual Amount: 2761.00
  • Assessor Parcel Number: 502068400
  • Tax Lot: 260
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

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

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2023
Closed on
Aug 28, 2023
Sold by
Nguyen Phillip and Lo Ibis
Bought by
Benjamin Schonbnin
Seller's Agent
Matthew Aragona
Compass RE
Buyer's Agent
Jim Israel
Compass RE
List Price
$340,000
Sold Price
$355,000
Premium/Discount to List
$15,000
4.41%
Views
33
Current Estimated Value
$347,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,878
Avg. Annual Appreciation
-1.03%
Original Mortgage
$266,250
Outstanding Balance
$259,922
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$87,200

Purchase Details

Listed on
Oct 4, 2021
Closed on
Dec 10, 2021
Sold by
Kawaljit Singh
Bought by
Nguyen Phillip and Lo Ibis
Seller's Agent
William Logan
Mount Airy Real Estate
Buyer's Agent
Jim Israel
Compass RE
List Price
$275,900
Sold Price
$275,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.59%
Original Mortgage
$206,925
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2006
Sold by
Wood Edward Leonard and Wood Marion R
Bought by
Singh Kawaljit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,000
Interest Rate
9.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Benjamin Schonbnin $355,000 None Listed On Document
Nguyen Phillip $275,900 None Listed On Document
Singh Kawaljit $143,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benjamin Schonbnin $266,250
Previous Owner Nguyen Phillip $206,925
Previous Owner Singh Kawaljit $143,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/07/2023 09/07/23 Sold $355,000 +4.4% $197 / Sq Ft
07/13/2023 07/13/23 For Sale $340,000 +23.2% $188 / Sq Ft
12/10/2021 12/10/21 Sold $275,900 0.0% $153 / Sq Ft View Prior Sale
11/26/2021 11/26/21 Off Market $275,900 -- --
10/16/2021 10/16/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $275,900 0.0% $153 / Sq Ft
04/05/2021 04/05/21 Rented $725 -9.4% --
01/08/2021 01/08/21 For Rent $800 -11.1% --
02/08/2019 02/08/19 Rented $900 0.0% --
11/20/2018 11/20/18 Price Changed $900 +2.9% $0 / Sq Ft
10/11/2018 10/11/18 Price Changed $875 +2.9% $0 / Sq Ft
10/06/2018 10/06/18 For Rent $850 +21.4% --
04/15/2017 04/15/17 Rented $700 0.0% --
04/05/2017 04/05/17 Under Contract -- -- --
01/12/2017 01/12/17 For Rent $700 -17.6% --
01/03/2017 01/03/17 Rented $850 0.0% --
12/02/2016 12/02/16 Under Contract -- -- --
10/30/2016 10/30/16 For Rent $850 +3.0% --
02/11/2016 02/11/16 Rented $825 0.0% --
02/01/2016 02/01/16 Under Contract -- -- --
10/04/2015 10/04/15 For Rent $825 0.0% --
05/01/2015 05/01/15 Rented $825 0.0% --
04/15/2015 04/15/15 Under Contract -- -- --
01/08/2015 01/08/15 For Rent $825 +26.9% --
06/29/2014 06/29/14 Rented $650 -21.2% --
06/25/2014 06/25/14 Under Contract -- -- --
03/01/2014 03/01/14 Rented $825 +13.8% --
02/25/2014 02/25/14 Under Contract -- -- --
01/08/2014 01/08/14 For Rent $725 -14.7% --
11/15/2013 11/15/13 For Rent $850 +3.0% --
02/01/2013 02/01/13 Rented $825 0.0% --
01/30/2013 01/30/13 Under Contract -- -- --
01/07/2013 01/07/13 For Rent $825 +3.1% --
02/03/2012 02/03/12 Rented $800 0.0% --
02/03/2012 02/03/12 Under Contract -- -- --
12/15/2011 12/15/11 For Rent $800 -- --
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 $2,762 $298,800 $59,700 $239,100
2024 $2,762 $298,800 $59,700 $239,100
2023 $2,762 $197,300 $39,460 $157,840
2022 $2,550 $197,300 $39,460 $157,840
2021 $2,550 $0 $0 $0
2020 $2,550 $0 $0 $0
2019 $2,517 $0 $0 $0
2018 $2,368 $0 $0 $0
2017 $2,368 $0 $0 $0
2016 $2,368 $0 $0 $0
2015 $2,267 $0 $0 $0
2014 -- $169,200 $33,225 $135,975
2012 -- $16,224 $3,076 $13,148
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2256234

Bright MLS

APN: 502068400