Seller's Agent in 2016
Edward Welch
Higgins & Welch Real Estate, Inc.
(610) 331-7655
1 in this area
145 Total Sales
802 N 16th St Philadelphia, PA 19130
Fairmount NeighborhoodEstimated Value: $872,000 - $946,000
Studio
4
Baths
3,747
Sq Ft
$244/Sq Ft
Est. Value
Highlights
- No HOA
- 5-minute walk to Fairmount
- Energy-Efficient Windows
- Zoned Heating and Cooling System
- Ceiling Fan
- 4-minute walk to Francisville Recreation Center
About This Home
As of May 2016Investor Alert: Prime income-producing location in hot Francisville/Art Museum area. Completely renovated three-unit apartment building (7 beds total) cash flowing $5,545 per month. Yes, $66,540/year AND low expenses at less than $500 per month! FULL TEN YEARS REMAINING ON TAX ABATEMENT. Separate utilities (including water), fire safety monitored system and new French drain system with sump pumps in basement. Every detail the current market demands including: Hardwood floors, custom closets, tiled baths, roof deck with unparalleled skyline view, backyard, Juliet balcony, quartz counters, stainless appliances, new windows/insulation/drywall/electric/HVAC/plumbing, etc. Separate central air/heat and washer/dryer in each unit. New front brick exterior and new rear stucco. Property's location and interior design created an environment today's tenants desire, allowing owner to secure high-quality tenants. Minutes from Art Museum, Center City, Temple University and much more. #2 bus runs up/down 16th/17th Streets. Broad Street Subway only two blocks away. Seller has the possibility to provide the new owner with one vacant apartment for the buyer to live in if it is desired by the buyer.
Last Agent to Sell the Property
(215) 247-5000 ewelch@welchgroup.net Higgins & Welch Real Estate, Inc. Listed on: 01/12/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,548
Year Built
- Built in 1920
Lot Details
- 1,499 Sq Ft Lot
- Lot Dimensions are 19x81
- Sprinkler System
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Triplex
- Brick Exterior Construction
- Stucco
Interior Spaces
- 3,747 Sq Ft Home
- Ceiling Fan
- Laundry in unit
Basement
- Basement Fills Entire Space Under The House
- Drainage System
Eco-Friendly Details
- Energy-Efficient Windows
Utilities
- Zoned Heating and Cooling System
- Heating System Uses Gas
- Heating System Uses Natural Gas
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 131
- Assessor Parcel Number 151023610
Community Details
Overview
- No Home Owners Association
- Francisville Subdivision
Building Details
- Electric Expense $360
- Insurance Expense $1,710
- Other Expense $990
- Operating Expense $5,893
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 12, 2016
Closed on
May 20, 2016
Sold by
Pinewood Management Llc
Bought by
Brodsky Seth and Harvey Daniel
Seller's Agent
Edward Welch
Higgins & Welch Real Estate, Inc.
Buyer's Agent
Seth Brodsky
Realty Mark Associates
List Price
$799,900
Sold Price
$730,000
Premium/Discount to List
-$69,900
-8.74%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,617
Avg. Annual Appreciation
2.31%
Original Mortgage
$54,500
Outstanding Balance
$44,089
Interest Rate
4.25%
Mortgage Type
Commercial
Estimated Equity
$871,528
Purchase Details
Closed on
Nov 12, 2013
Sold by
Amsden Jeremy and Moore Kieno
Bought by
Pinewood Management Llc
Purchase Details
Closed on
Dec 15, 2006
Sold by
Travia Anthony
Bought by
802 North 16Th Street Lp
Purchase Details
Closed on
Oct 17, 2006
Sold by
Swinton Ernestine and Swinton James
Bought by
Travia Anthony
Purchase Details
Closed on
Jan 30, 2001
Sold by
Swinton Ernestine and Swinton James
Bought by
Swinton Ernestine and Swinton James
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Brodsky Seth | $730,000 | None Available | |
| Pinewood Management Llc | $110,000 | None Available | |
| 802 North 16Th Street Lp | $185,000 | None Available | |
| Travia Anthony | $85,000 | None Available | |
| Swinton Ernestine | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brodsky Seth | $54,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/20/2016 05/20/16 | Sold | $730,000 | -8.7% | $195 / Sq Ft |
| 04/01/2016 04/01/16 | Pending | -- | -- | -- |
| 01/12/2016 01/12/16 | For Sale | $799,900 | -- | $213 / Sq Ft |
Source: Bright MLS
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 |
|---|---|---|---|---|
| 2026 | $5,470 | $672,700 | $134,540 | $538,160 |
| 2025 | $5,470 | $672,700 | $134,540 | $538,160 |
| 2024 | $5,470 | $672,700 | $134,540 | $538,160 |
| 2023 | $5,470 | $872,200 | $174,440 | $697,760 |
| 2022 | $5,470 | $390,746 | $174,440 | $216,306 |
| 2021 | $4,046 | $0 | $0 | $0 |
| 2020 | $4,046 | $0 | $0 | $0 |
| 2019 | $3,916 | $0 | $0 | $0 |
| 2018 | $3,100 | $0 | $0 | $0 |
| 2017 | $3,100 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Edward Welch
-
Mark ZWICK
M
Seller Co-Listing Agent in 2016
Mark ZWICK
KW Empower
19 Total Sales
-
Seth Brodsky
Buyer's Agent in 2016
Seth Brodsky
Realty Mark Associates
(914) 837-1989
1 in this area
32 Total Sales
Map
Source: Bright MLS
MLS Number: 1002496952
APN: 151023610
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