NOT LISTED FOR SALE

850 S 56th St Philadelphia, PA 19143

Cobbs Creek Neighborhood

Estimated Value: $220,631

-- Bed
-- Bath
3,918 Sq Ft
$56/Sq Ft Est. Value

Last Sold September 17, 2020

Last sale price $170,000 $43 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,452/month

Highlights

  • Wood Flooring
  • 1-minute walk to Baltimore Avenue And 56Th Street
  • 1-minute walk to Sherwood Park
  • No HOA
  • Hot Water Heating System

About This Home

As of September 2020

Large multi use property (CMX2) just off the main commercial strip of the Cobbs Creek neighborhood. The ground level commercial space totals 1300 sq ft with 2 equal size 2 bedroom units above. This is a development opportunity for an experienced investor/developer. Property requires substantial rehab.

Last Agent to Sell the Property

Edward Golding

(215) 473-6903 golding21@aol.com Chapel Realty Sales License #RM424047 Listed on: 08/14/2020

Last Buyer's Agent

Zakiya Eleby

(267) 671-8123 zeleby46@gmail.com Opulent Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,774

Year Built

  • Built in 1925

Lot Details

  • 1,306 Sq Ft Lot
  • Lot Dimensions are 16.33 x 80.00

Parking

  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Plaster Walls
  • Masonry

Interior Spaces

  • 3,918 Sq Ft Home
  • Wood Flooring

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 3 Units
  • 3-Story Building

Listing and Financial Details

  • Tax Lot 76
  • Assessor Parcel Number 871217500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,774

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Hardwood
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls
  • Total Sq Ft: 3918
  • Living Area Sq Ft: 3918
  • Price Per Sq Ft: 51.02
  • Above Grade Finished Sq Ft: 3918
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Exterior Features: 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
  • Type Of Parking: On Street

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 158685.00
  • Land Assessed Value: 39515.00
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.33 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1306.00
  • Soil Types: Unknown
  • Zoning: CMX2

Rental Info

  • Existing Lease Type: None
  • Rent Control: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1219325
  • School Tax: 1522.00
  • Tax Annual Amount: 2774.00
  • Assessor Parcel Number: 871217500
  • Tax Lot: 76
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Other Units: Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Sep 16, 2020
Sold by
Jones Valerie A
Bought by
New Hope Property Llc
Seller's Agent
Edward Golding
Chapel Realty Sales
Buyer's Agent
Zakiya Eleby
Opulent Realty Group LLC
List Price
$199,900
Sold Price
$170,000
Premium/Discount to List
-$29,900
-14.96%
Current Estimated Value
$220,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,631
Avg. Annual Appreciation
5.41%

Purchase Details

Closed on
Sep 30, 2015
Sold by
Jones Valerie A and Estate Of Lillian E Cooke A K
Bought by
Jones Valarie A

Purchase Details

Closed on
Dec 22, 1986
Bought by
Evans Lillian and Jones Valerie A
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
New Hope Property Llc $170,000 Lancaster Abstract & Escrow
Jones Valarie A -- None Available
Evans Lillian $13,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2020 09/17/20 Sold $170,000 -15.0% $43 / Sq Ft
08/17/2020 08/17/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $199,900 -- $51 / 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
2026 $3,509 $219,500 $43,900 $175,600
2025 $3,509 $219,500 $43,900 $175,600
2024 $3,509 $219,500 $43,900 $175,600
2023 $3,509 $250,700 $50,100 $200,600
2022 $2,774 $250,700 $50,100 $200,600
2021 $2,774 $0 $0 $0
2020 $2,774 $0 $0 $0
2019 $2,748 $0 $0 $0
2018 $2,668 $0 $0 $0
2017 $2,193 $0 $0 $0
2016 $2,193 $0 $0 $0
2015 $2,100 $0 $0 $0
2014 -- $156,700 $19,600 $137,100
2012 -- $10,560 $762 $9,798
Source: Public Records

Agents Affiliated with this Home

  • Edward Golding

    Seller's Agent in 2020

    Edward Golding

    Chapel Realty Sales

    (215) 473-6903

    5 in this area

    22 Total Sales

    Edward Golding
    Section Image
  • Zakiya Eleby

    Buyer's Agent in 2020

    Zakiya Eleby

    Opulent Realty Group LLC

    (267) 671-8123

    8 in this area

    78 Total Sales

    Zakiya Eleby
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH922222

Bright MLS

APN: 871217500

Pennsylvania Philadelphia County Philadelphia 19143 Cobbs Creek

850 S 56th St, Philadelphia, PA

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