NOT LISTED FOR SALE

Estimated Value: $790,503 - $1,195,000

-- Bed
4 Baths
2,649 Sq Ft
$353/Sq Ft Est. Value

Last Sold March 07, 2022

Last sale price $736,000 $278 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,927/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Electric Baseboard Heater
  • 3-minute walk to 15Th-16Th & Locust St

About This Home

As of March 2022

Calling all investors! Rare Rittenhouse location - great opportunity for owner occupied investor. 4-unit building with 2 studios and 2 1-Bedroom units. The studio units have updated flooring, cabinetry, and fresh paint. Unit 1 has a full kitchen and living room, with access to the backyard and basement (with washer and dryer). Huge potential to convert the basement and expand this unit to a 2 bedroom. The second 1-Bedroom unit is bi-level with full kitchen and living room. Current rents are undervalued - leases expire April 2022. Walking distance to all Rittenhouse has to offer including Suprema Coffee, La Viola Italian Restaurant, Jasmine Rice Thai, and City Hall (don't miss the Christmas village during the holidays!).

Last Listed By

Stephen Dougherty

Compass RE Listed on: 02/15/2022

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,765

Year Built

  • Built in 1890

Lot Details

  • 1,056 Sq Ft Lot
  • Lot Dimensions are 1.00 x 1056.00

Parking

  • On-Street Parking

Home Design

  • 2,649 Sq Ft Home
  • Quadruplex
  • Traditional Architecture
  • Masonry

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 184
  • Assessor Parcel Number 081157805

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,765

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Remarks Public: Calling all investors! Rare Rittenhouse location - great opportunity for owner occupied investor. 4-unit building with 2 studios and 2 1-Bedroom units. The studio units have updated flooring, cabinetry, and fresh paint. Unit 1 has a full kitchen and living room, with access to the backyard and basement (with washer and dryer). Huge potential to convert the basement and expand this unit to a 2 bedroom. The second 1-Bedroom unit is bi-level with full kitchen and living room. Current rents are undervalued - leases expire April 2022. Walking distance to all Rittenhouse has to offer including Suprema Coffee, La Viola Italian Restaurant, Jasmine Rice Thai, and City Hall (don't miss the Christmas village during the holidays!).
  • Special Features: None

Interior Features

  • Foundation Details: Other
  • Total Sq Ft: 2649
  • Living Area Sq Ft: 2649
  • Price Per Sq Ft: 282.75
  • Above Grade Finished Sq Ft: 2649
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 330

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: No
  • Cooling Type: Window Unit(s)
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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: 488320.00
  • Land Assessed Value: 209280.00
  • Land Use Code: U60
  • Lot Size Acres: 0.02
  • Lot Dimensions: 1.00 x 1056.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1056.00
  • Year Assessed: 2022
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1411445
  • School Tax: 5358.00
  • Tax Annual Amount: 9765.00
  • Assessor Parcel Number: 081157805
  • Tax Lot: 184
  • Tax Total Finished Sq Ft: 2649
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 03/07/2022

Multi Family

  • Single Room Units Count: 2

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
Mar 4, 2022
Sold by
Thomas A Cook Marital Trust
Bought by
Pitch Carbon Capital Llc
Seller's Agent
Stephen Dougherty
Compass RE
Buyer's Agent
Stephen Dougherty
Compass RE
List Price
$749,000
Sold Price
$736,000
Premium/Discount to List
-$13,000
-1.74%
Total Days on Market
2
Current Estimated Value
$935,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,168
Avg. Annual Appreciation
4.75%

Purchase Details

Closed on
Dec 24, 2013
Sold by
Cook Randall T and Estate Of Thomas A Cook
Bought by
The Thomas A Cook Marital Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2006
Sold by
Cook Randall T and Cook Thomas A
Bought by
Cook Randall T and Cook Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.85%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Oct 31, 2003
Sold by
Positive Properties Inc
Bought by
Cook Randall T and Cook Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 1999
Sold by
Whelan Joseph
Bought by
Postive Properties Inc

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
Pitch Carbon Capital Llc $74,643,200 First Service Abstract
The Thomas A Cook Marital Trust -- None Available
Cook Randall T $415,000 Fidelity Natl Title Ins Co
Postive Properties Inc $200,000 Security Search & Abstract C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Thomas A Cook Marital Trust $600,000
Previous Owner Cook Randall T $332,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2022 03/07/22 Sold $736,000 -1.7% $278 / Sq Ft
02/17/2022 02/17/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $749,000 -- $283 / 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 $8,495 $750,000 $150,000 $600,000
2024 $8,495 $750,000 $150,000 $600,000
2023 $8,495 $606,900 $121,380 $485,520
2022 $9,765 $606,900 $121,380 $485,520
2021 $9,765 $0 $0 $0
2020 $9,765 $0 $0 $0
2019 $9,450 $0 $0 $0
2018 $7,679 $0 $0 $0
2017 $7,679 $0 $0 $0
2016 $7,679 $0 $0 $0
2015 $7,277 $0 $0 $0
2014 -- $548,600 $67,721 $480,879
2012 -- $59,616 $10,920 $48,696
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2083882

Bright MLS

APN: 081157805