NOT LISTED FOR SALE

922 S 58th St Philadelphia, PA 19143

Cobbs Creek Neighborhood

Estimated Value: $130,279 - $148,000

-- Bed
2 Baths
1,420 Sq Ft
$97/Sq Ft Est. Value

Last Sold April 07, 2020

Last sale price $96,000 $68 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $834/month

Highlights

  • No HOA
  • 1-minute walk to Baltimore Avenue And 58Th Street
  • Hot Water Heating System
  • Level Entry For Accessibility
  • Central Air
  • 3-minute walk to Sherwood Park

About This Home

As of April 2020

Incredible opportunity to acquire an original 2+2 (two 2 bedrooms) duplex in an up and coming area of West Philadelphia. Some upgrades have been made. Property is fully occupied and in move-in condition with two tenants. Rents are under market. Utilities are separated except water. Low taxes makes for cap rate of 11%. Close to Cobbs Creek Parkway, Delaware County with easy access to public transportation, schools and shopping.

Last Agent to Sell the Property

Jennifer Bennett

perfectplacere@gmail.com Perfect Place Real Estate Co. License #RM423247 Listed on: 01/10/2020

Last Buyer's Agent

Geno Johnson

(215) 866-6682 realistate101@gmail.com KW Philly

KW Philly

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $845

Year Built

  • Built in 1920

Lot Details

  • 1,312 Sq Ft Lot
  • Lot Dimensions are 16.00 x 82.00

Parking

  • On-Street Parking

Home Design

  • 1,420 Sq Ft Home
  • Duplex
  • Side-by-Side
  • Masonry

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Central Air
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • 2 Units
  • Cobbs Creek Subdivision

Listing and Financial Details

  • Tax Lot 136
  • Assessor Parcel Number 033185800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$845

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Side-By-Side
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Incredible opportunity to acquire an original 2+2 (two 2 bedrooms) duplex in an up and coming area of West Philadelphia. Some upgrades have been made. Property is fully occupied and in move-in condition with two tenants. Rents are under market. Utilities are separated except water. Low taxes makes for cap rate of 11%. Close to Cobbs Creek Parkway, Delaware County with easy access to public transportation, schools and shopping.
  • Special Features: None

Interior Features

  • Total Sq Ft: 1420
  • Living Area Sq Ft: 1420
  • Price Per Sq Ft: 77.46
  • Above Grade Finished Sq Ft: 1420
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 922

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Community

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 50437.00
  • Land Assessed Value: 9963.00
  • Land Use Code: W30
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 82.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1312.00
  • Year Assessed: 2020
  • Zoning: RM1

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 895709
  • School Tax: 464.00
  • Tax Annual Amount: 845.00
  • Assessor Parcel Number: 033185800
  • Tax Lot: 136
  • Tax Total Finished Sq Ft: 1420
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 04/07/2020

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
Mar 28, 2020
Sold by
Orumwense Henrietta
Bought by
Williams Charnise
Seller's Agent
Jennifer Bennett
Perfect Place Real Estate Co.
Buyer's Agent
Geno Johnson
KW Philly
List Price
$110,000
Sold Price
$96,000
Premium/Discount to List
-$14,000
-12.73%
Current Estimated Value
$138,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,426
Avg. Annual Appreciation
6.78%
Original Mortgage
$72,000
Outstanding Balance
$63,506
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$74,920

Purchase Details

Closed on
Oct 28, 2005
Sold by
Ogunkorode John Ose and Ogunkorode Ethel
Bought by
Orumwense Henrietta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,600
Interest Rate
5.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 2004
Sold by
Ogunkorode John and Ogunkorode John Ose
Bought by
Ogunkorode John Ose and Ogunkorode Ethel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,200
Interest Rate
6.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 9, 2003
Sold by
Stoddart Charles
Bought by
Ogunkorode John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,400
Interest Rate
6.15%
Mortgage Type
Commercial
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
Williams Charnise $96,000 Great American Abstract Llc
Orumwense Henrietta $84,500 None Available
Ogunkorode John Ose -- Commonwealth Title
Ogunkorode John $38,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Charnise $72,000
Previous Owner Orumwense Henrietta $67,600
Previous Owner Ogunkorode John Ose $55,200
Previous Owner Ogunkorode John $30,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2020 04/07/20 Sold $96,000 -12.7% $68 / Sq Ft
02/17/2020 02/17/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $110,000 -- $77 / 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 $1,324 $130,400 $26,080 $104,320
2024 $1,324 $130,400 $26,080 $104,320
2023 $1,324 $94,600 $18,900 $75,700
2022 $845 $94,600 $18,900 $75,700
2021 $845 $0 $0 $0
2020 $845 $0 $0 $0
2019 $815 $0 $0 $0
2018 $757 $0 $0 $0
2017 $757 $0 $0 $0
2016 $757 $0 $0 $0
2015 $725 $0 $0 $0
2014 -- $54,100 $8,145 $45,955
2012 -- $7,072 $3,337 $3,735
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Bennett

    Seller's Agent in 2020

    Jennifer Bennett

    Perfect Place Real Estate Co.

    (267) 992-6262

    39 Total Sales

    Jennifer Bennett
    Section Image

  • G

    Buyer's Agent in 2020

    Geno Johnson

    KW Philly

    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH861050

Bright MLS

APN: 033185800

Pennsylvania Philadelphia County Philadelphia 19143 Cobbs Creek

922 S 58th St, Philadelphia, PA

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