NOT LISTED FOR SALE

Estimated Value: $799,674 - $958,000

-- Bed
4 Baths
3,936 Sq Ft
$221/Sq Ft Est. Value

Last Sold January 07, 2019

Last sale price $694,000 $176 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,352/month

Highlights

  • Wood Flooring
  • En-Suite Primary Bedroom
  • Radiator
  • No HOA
  • Central Air
  • 1-minute walk to Mario Lanza Park

About This Home

As of January 2019

Fantastic investment opportunity in the heart of Queen Village in the Meredith Catchment! This building features 4 units, fully leased with monthly income of $4170. The first floor is a bi-level apartment with 2 bedrooms, one full bath and a separate entrance. Second floor is also 2 bedrooms/1 bath. Both of these units are leased under market value to long term tenants. The third floor features two 1 bedroom units. Units have separate electric and gas cooking. One heater for building. The building has been well maintained though could be updated to increase income and cash flow. Listing agent also manages the property so is able to provide full details on income and expenses.

Last Agent to Sell the Property

Edward Welch

(610) 331-7655 EWelch@welchgroup.net Higgins & Welch Real Estate, Inc. Listed on: 11/19/2018

Co-Listed By

Erin Thompson

(610) 724-5702 erinthompson@compass.com Compass RE License #AB068517

Last Buyer's Agent

Amy Shelanski

(215) 983-1414 amy.shelanski@foxroach.com BHHS Fox & Roach At the Harper, Rittenhouse Square

BHHS Fox & Roach At the Harper, Rittenhouse Square

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,091

Year Built

  • Built in 1938

Lot Details

  • 1,312 Sq Ft Lot
  • Lot Dimensions are 20x64
  • Property is in good condition

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Stone Foundation
  • Stucco

Interior Spaces

  • En-Suite Primary Bedroom
  • 3,936 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Wall to Wall Carpet

Parking

  • On-Street Parking
  • Parking Fee

Schools

  • William M. Meredith Elementary And Middle School
  • Horace Furness High School

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Radiator
  • Heating System Uses Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 80
  • Assessor Parcel Number 022127800

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Queen Village Subdivision

Building Details

  • Electric Expense $1,171
  • Insurance Expense $3,083
  • Maintenance Expense $2,594
  • Other Expense $220
  • Operating Expense $18,153

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,091

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenant's Personal Property
  • New Construction: No
  • Other Expense: 220.00
  • Year Built: 1938
  • Remarks Public: Fantastic investment opportunity in the heart of Queen Village in the Meredith Catchment! This building features 4 units, fully leased with monthly income of $4170. The first floor is a bi-level apartment with 2 bedrooms, one full bath and a separate entrance. Second floor is also 2 bedrooms/1 bath. Both of these units are leased under market value to long term tenants. The third floor features two 1 bedroom units. Units have separate electric and gas cooking. One heater for building. The building has been well maintained though could be updated to increase income and cash flow. Listing agent also manages the property so is able to provide full details on income and expenses.
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Fully Carpeted
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 3936
  • Living Area Sq Ft: 3936
  • Price Per Sq Ft: 172.74
  • Above Grade Finished Sq Ft: 3936
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 819

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco, Brick
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Parking Fee
  • Type Of Parking: On Street

Utilities

  • Annual Heating Expense: 3545.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric, Natural Gas
  • Cooling Type: Central A/C
  • Electric Expense: 1171.00
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 1449.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Elementary School: WILLIAM M. MEREDITH SCHOOL
  • Middle School: WILLIAM M. MEREDITH SCHOOL
  • High School: HORACE FURNESS
  • School District Key: 300200397108
  • Elementary School: WILLIAM M. MEREDITH SCHOOL
  • High School: HORACE FURNESS
  • Middle Or Junior School: WILLIAM M. MEREDITH SCHOOL

Lot Info

  • Improvement Assessed Value: 304570.00
  • Land Assessed Value: 130530.00
  • Land Use Code: W50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 20X64
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1312.00
  • Property Condition: Good
  • Zoning: CMX1

Rental Info

  • Rent Control: No
  • Units Leased Count: 4
  • Vacation Rental: No

Multi Family

  • Gross Income: 50040.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

Tax Info

  • Assessor Parcel Number: 887309
  • Tax Annual Amount: 6091.00
  • Assessor Parcel Number: 022127800
  • Tax Lot: 80
  • Tax Year: 2018
  • Close Date: 01/07/2019

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2018
Closed on
Dec 31, 2018
Sold by
Rosenberg Henry and Rosenberg Henrietta
Bought by
Marchetti Rebecca N
Seller's Agent
Edward Welch
Higgins & Welch Real Estate, Inc.
Buyer's Agent
Amy Shelanski
BHHS Fox & Roach At the Harper, Rittenhouse Square
List Price
$679,900
Sold Price
$694,000
Premium/Discount to List
$14,100
2.07%
Current Estimated Value
$870,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,558
Avg. Annual Appreciation
3.38%
Original Mortgage
$520,500
Outstanding Balance
$459,465
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$411,093

Purchase Details

Closed on
Sep 7, 1984
Bought by
Rosenberg Henry and Rosenberg Rosenberg
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
Marchetti Rebecca N $694,000 None Available
Rosenberg Henry $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marchetti Rebecca N $520,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/07/2019 01/07/19 Sold $694,000 +2.1% $176 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
11/19/2018 11/19/18 For Sale $679,900 -- $173 / 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 $9,428 $786,400 $157,280 $629,120
2024 $9,428 $786,400 $157,280 $629,120
2023 $9,428 $673,500 $201,900 $471,600
2022 $9,428 $673,500 $201,900 $471,600
2021 $9,428 $0 $0 $0
2020 $9,428 $0 $0 $0
2019 $8,700 $0 $0 $0
2018 $6,091 $0 $0 $0
2017 $6,091 $0 $0 $0
2016 $6,091 $0 $0 $0
2015 $42,514 $0 $0 $0
2014 -- $435,100 $53,273 $381,827
2012 -- $50,624 $12,468 $38,156
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH139498

Bright MLS

APN: 022127800