908 N 2nd St Philadelphia, PA 19123
Northern Liberties NeighborhoodEstimated Value: $874,000 - $1,191,978
--
Bed
--
Bath
2,664
Sq Ft
$372/Sq Ft
Est. Value
Highlights
- No HOA
- Forced Air Heating and Cooling System
- Wall to Wall Carpet
- En-Suite Primary Bedroom
- Laundry Facilities
- 3-minute walk to Liberty Lands
About This Home
As of January 2017Location, Location, the BEST LOCATION in Northern Liberties, directly across the street from the North Bowl and Standard Tap, this quadraplex with additional potential commercial usage is now available! Currently zoned mixed use, with a crurent Rent Roll of over $52,000 yearly income, this unique building also has the potential to add storefront commercial usage. Currently, there is one two story two bedroom, two one bedrooms and one efficiency. These 4 units have NEVER been without tenants. All units have separate utilities, central AC, and separate Hot Water Heaters. The lobby is currently used as a large entrance way with a coin-operated washer and dryer and bike storage area. This lobby could easily be converted into a street front commercial business, or add to it the hugh basement that spans the entire length of the building to make it a two story commercial endeavor. Owner could live in the 2 bedroom unit which has an upgraded kitchen with Granite counter tops and Stainless Steel appliances, and can very easily pay the mortgage with the remaining rents. Incredible opportunity for the business entrepreneur or the investor to just sit back and collect a fabulous rent roll that is at least 20% undervalued, add or start a commercial business, and watch 908 N. 2nd Street APPRECIATE IN VALUE! A MUST SEE FOR ALL INVESTORS!!!
Last Agent to Sell the Property
Keller Williams Real Estate-Blue Bell License #RS272094 Listed on: 10/07/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,549
Year Built
- Built in 1936
Lot Details
- 2,600 Sq Ft Lot
- Lot Dimensions are 15x82
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Quadruplex
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- En-Suite Primary Bedroom
- 2,664 Sq Ft Home
- Unfinished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wall to Wall Carpet
- Vinyl
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- 100 Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 190
- Assessor Parcel Number 057053900
Community Details
Overview
- No Home Owners Association
- Northern Liberties Subdivision
Amenities
- Laundry Facilities
Building Details
- Income includes laundry
- Electric Expense $539
- Insurance Expense $3,300
- Operating Expense $10,107
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 7, 2016
Closed on
Dec 9, 2016
Sold by
Yablonovitz Jeffrey E
Bought by
Zhao Fei and Li Xiu Qin
Seller's Agent
Holly Yablonovitz
Keller Williams Real Estate-Blue Bell
Buyer's Agent
Richard Li
Liberty Real Estate
List Price
$729,000
Sold Price
$660,000
Premium/Discount to List
-$69,000
-9.47%
Total Days on Market
15
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
$332,326
Avg. Annual Appreciation
4.99%
Original Mortgage
$495,000
Interest Rate
4.16%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 30, 2005
Sold by
Costantini Robert J and Costantini Sheri A
Bought by
Yablonovitz Jeffrey E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
5.94%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 6, 1996
Sold by
Costantini Robert J
Bought by
Costantini Robert J and Costantini Sheri A
Purchase Details
Closed on
Sep 8, 1995
Sold by
Ritter Judith A
Bought by
Costantini Robert J
Similar Homes in Philadelphia, PA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zhao Fei | $660,000 | Statewide Abstract Group Inc | |
| Yablonovitz Jeffrey E | $370,000 | -- | |
| Costantini Robert J | -- | -- | |
| Costantini Robert J | $25,056 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Zhao Fei | $495,000 | |
| Previous Owner | Yablonovitz Jeffrey E | $150,000 | |
| Previous Owner | Yablonovitz Jeffrey E | $296,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/18/2017 01/18/17 | Sold | $660,000 | -9.5% | $248 / Sq Ft |
| 10/22/2016 10/22/16 | Pending | -- | -- | -- |
| 10/07/2016 10/07/16 | For Sale | $729,000 | -- | $274 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $11,634 | $787,100 | $157,420 | $629,680 |
| 2024 | $11,634 | $787,100 | $157,420 | $629,680 |
| 2023 | $11,634 | $831,100 | $166,220 | $664,880 |
| 2022 | $8,864 | $831,100 | $166,220 | $664,880 |
| 2021 | $8,864 | $0 | $0 | $0 |
| 2020 | $8,864 | $0 | $0 | $0 |
| 2019 | $8,578 | $0 | $0 | $0 |
| 2018 | $4,549 | $0 | $0 | $0 |
| 2017 | $4,549 | $0 | $0 | $0 |
| 2016 | $4,549 | $0 | $0 | $0 |
| 2015 | $3,974 | $0 | $0 | $0 |
| 2014 | -- | $325,000 | $37,957 | $287,043 |
| 2012 | -- | $22,304 | $3,253 | $19,051 |
Source: Public Records
Agents Affiliated with this Home
-
Holly Yablonovitz
H
Seller's Agent in 2017
Holly Yablonovitz
Keller Williams Real Estate-Blue Bell
(215) 514-7971
33 Total Sales
-
JEFFREY PARKINS
Seller Co-Listing Agent in 2017
JEFFREY PARKINS
Keller Williams Real Estate-Blue Bell
(215) 840-5604
62 Total Sales
-
Richard Li
R
Buyer's Agent in 2017
Richard Li
Liberty Real Estate
(267) 767-7612
1 in this area
72 Total Sales
Map
Source: Bright MLS
MLS Number: 1003632571
APN: 057053900
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