NOT LISTED FOR SALE

Estimated Value: $627,886 - $797,000

-- Bed
2 Baths
2,790 Sq Ft
$245/Sq Ft Est. Value

Last Sold March 01, 2021

Last sale price $500,000 $179 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $4,328/month

Highlights

  • Straight Thru Architecture
  • Central Air
  • Hot Water Heating System
  • No HOA

About This Home

As of March 2021

Welcome to 987 N 5th St. - a rare duplex in Northern Liberties filled with charm and tons of opportunity! This property wears many hats - it's a great fit for an owner-occupant looking for a tenant to off-set costs; for an investor looking for a stable income-producing property in a great location; for extended family looking for a built-in in-law suite. This home has been well taken care of and is ready to move in as-is. The building is legally zoned as a duplex with two bi-level units that offer over 2,700 sq feet of living space, outdoor space, excellent curb appeal, original character, central air, separate HVAC, water heaters, W/D, gas and electric meters for each unit. The first unit welcomes you with charming, original floor-to-ceiling double doors that lead into a spacious living area with original hardwood floors & a gorgeous decorative fireplace. You will also notice the oversized windows ushering in plenty of natural light. This unit has a separate dining room AND an eat-in kitchen. Off of the kitchen is a mudroom - perfect for a plant lover's indoor garden! The first unit has private access to the large back patio where you can relax as you listen to the gorgeous church bells from St. Peter the Apostle Church! Unit 1 has private access to the basement, with in-unit laundry and plenty of space for storage. The 2nd floor is home to 2 nice-sized bedrooms and a bathroom. The second unit has a great kitchen with plenty of cabinets and in-unit laundry. A large living area sits off of the kitchen with west-facing windows for gorgeous sunset light. All 3 bedrooms are located on the 3rd floor and are oversized with hardwood floors. 987 N 5th St. is just steps from Girard Ave with easy access to all that Northern Liberties & Fishtown have to offer! Just a 10 minute walk to: the Girard El station, Cafe La Maude, Honey's Sit N Eat, Federal Donuts, Liberty Lands Park, Acme, and more! Schedule a tour to see all of the opportunities 987 N 5th has to offer.

Last Agent to Sell the Property

Lindsay Alexander

(862) 812-3424 lalexander@spaceandcompany.com Compass RE License #RS352638 Listed on: 01/11/2021

Compass RE

Co-Listed By

Elizabeth Clark

(610) 324-9860 liz.clark@compass.com Compass RE

Last Buyer's Agent

Peter Danz

(215) 738-9500 pete.danz@compass.com Space & Company License #RS338092

Space & Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,940

Year Built

  • Built in 1920

Lot Details

  • 1,502 Sq Ft Lot
  • Lot Dimensions are 17.31 x 86.75

Home Design

  • Duplex
  • Straight Thru Architecture
  • Traditional Architecture
  • Masonry

Interior Spaces

  • 2,790 Sq Ft Home
  • Unfinished Basement
  • Sump Pump

Utilities

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

Listing and Financial Details

  • Tax Lot 116
  • Assessor Parcel Number 057136900

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,940

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru, Traditional
  • Ownership: Fee Simple
  • Inclusions: All appliances
  • New Construction: No
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 987 N 5th St. - a rare duplex in Northern Liberties filled with charm and tons of opportunity! This property wears many hats - it's a great fit for an owner-occupant looking for a tenant to off-set costs; for an investor looking for a stable income-producing property in a great location; for extended family looking for a built-in in-law suite. This home has been well taken care of and is ready to move in as-is. The building is legally zoned as a duplex with two bi-level units that offer over 2,700 sq feet of living space, outdoor space, excellent curb appeal, original character, central air, separate HVAC, water heaters, W/D, gas and electric meters for each unit. The first unit welcomes you with charming, original floor-to-ceiling double doors that lead into a spacious living area with original hardwood floors & a gorgeous decorative fireplace. You will also notice the oversized windows ushering in plenty of natural light. This unit has a separate dining room AND an eat-in kitchen. Off of the kitchen is a mudroom - perfect for a plant lover's indoor garden! The first unit has private access to the large back patio where you can relax as you listen to the gorgeous church bells from St. Peter the Apostle Church! Unit 1 has private access to the basement, with in-unit laundry and plenty of space for storage. The 2nd floor is home to 2 nice-sized bedrooms and a bathroom. The second unit has a great kitchen with plenty of cabinets and in-unit laundry. A large living area sits off of the kitchen with west-facing windows for gorgeous sunset light. All 3 bedrooms are located on the 3rd floor and are oversized with hardwood floors. 987 N 5th St. is just steps from Girard Ave with easy access to all that Northern Liberties & Fishtown have to offer! Just a 10 minute walk to: the Girard El station, Cafe La Maude, Honey's Sit N Eat, Federal Donuts, Liberty Lands Park, Acme, and more! Schedule a tour to see all of the opportunities 987 N 5th has to offer.
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Basement Type: Unfinished, Sump Pump
  • Total Sq Ft: 2790
  • Living Area Sq Ft: 2790
  • Price Per Sq Ft: 197.10
  • Above Grade Finished Sq Ft: 2790
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 987

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

Utilities

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

Condo/Co-op/Association

  • HOA: 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: 368905.00
  • Land Assessed Value: 126895.00
  • Land Use Code: U50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 17.31 x 86.75
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1502.00
  • Year Assessed: 2020
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: None
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 909917
  • School Tax: 3808.00
  • Tax Annual Amount: 6940.00
  • Assessor Parcel Number: 057136900
  • Tax Lot: 116
  • Tax Total Finished Sq Ft: 2790
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 03/01/2021

Multi Family

  • Number Of Units Vacant: 2
  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2021
Closed on
Mar 1, 2021
Sold by
French Dorothy M
Bought by
Ames Real Estate Holdings Llc
Seller's Agent
Lindsay Alexander
Compass RE
Buyer's Agent
Peter Danz
Space & Company
List Price
$549,900
Sold Price
$500,000
Premium/Discount to List
-$49,900
-9.07%
Current Estimated Value
$684,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,295
Avg. Annual Appreciation
7.00%

Purchase Details

Closed on
May 24, 1985
Bought by
French Dorothy M
Source: Public Records

Range of Values:

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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
Ames Real Estate Holdings Llc $500,000 City Abstract Llc
French Dorothy M $25,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2021 03/01/21 Sold $500,000 -9.1% $179 / Sq Ft
01/22/2021 01/22/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $549,900 -- $197 / 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 $8,514 $665,700 $133,140 $532,560
2024 $8,514 $665,700 $133,140 $532,560
2023 $8,514 $608,200 $121,600 $486,600
2022 $6,940 $608,200 $121,600 $486,600
2021 $6,940 $0 $0 $0
2020 $6,940 $0 $0 $0
2019 $6,716 $0 $0 $0
2018 $5,077 $0 $0 $0
2017 $5,077 $0 $0 $0
2016 $5,077 $0 $0 $0
2015 $4,860 $0 $0 $0
2014 -- $362,700 $46,624 $316,076
2012 -- $22,560 $5,012 $17,548
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH977334

Bright MLS

APN: 057136900