Seller's Agent in 2022
Michael McCann
KW Empower
46 in this area
1,937 Total Sales
532 S 4th St Philadelphia, PA 19147
Society Hill NeighborhoodEstimated Value: $641,538
--
Bed
--
Bath
2,787
Sq Ft
$230/Sq Ft
Est. Value
About This Home
As of July 2022Location, Location, Location!! This mixed use Investment Opportunity in the desirable Queen Village neighborhood has the ability to be a Cash Cow! The first floor, spanning the entire lot, houses a barber shop with 6 independent styling stations. The seller, who has had recent health problems, used to rent every station out for $350.00 per week. There is currently 1 station rented out, the other ones are not being used. The demand is there, but there is no one to promote or manage the style station rentals. Take advantage of this now, and bring the cash in. This part of the property is in a turn key situation including all equipment, forced air heating and central air conditioning, high ceilings and a convenient bathroom. The second and third floors have a bilevel 3 bedroom, 1 bathroom apartment with its own forced air heating system, which could use some cosmetic upgrades, and has its own separate entrance from South Street. With a minimal amount of improvements, this unit should easily rent for $2,700.00 per month. So, lets do the math; if the stations in the commercial space were all rented, that would bring in over $9,000.00 per month, and the apartment $2,700.00 per month. That's $11,700.00 per month on a $649,000.00 asking price! The location is second to none, just a few doors down from the famous Jim's Steaks, Milkboy, and Copa. It has plenty of foot traffic, retail shopping, cafes and restaurants. This one is a no-brainer! Make your move today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,698
Year Built
- Built in 1900
Lot Details
- 928 Sq Ft Lot
- Lot Dimensions are 16.00 x 58.00
Parking
- On-Street Parking
Home Design
- 2,787 Sq Ft Home
- Concrete Perimeter Foundation
- Masonry
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Community Details
- 2 Units
- Queen Village Subdivision
Listing and Financial Details
- Tax Lot 102
- Assessor Parcel Number 871024450
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 20, 2021
Closed on
Jun 27, 2022
Sold by
Goldsman Eva S
Bought by
Dean Maxine B
Seller's Agent
Michael McCann
KW Empower
Buyer's Agent
Diana Rivera
Keller Williams Real Estate - Newtown
List Price
$695,000
Sold Price
$649,000
Premium/Discount to List
-$46,000
-6.62%
Total Days on Market
232
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
-$7,462
Avg. Annual Appreciation
-0.65%
Original Mortgage
$579,463
Outstanding Balance
$557,371
Interest Rate
5.23%
Mortgage Type
FHA
Estimated Equity
$80,088
Purchase Details
Closed on
Feb 4, 2008
Sold by
Yedid Brothers Llc
Bought by
Goldsman Semion and Goldsman Eva S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 8, 2000
Sold by
Ethan Realty Inc
Bought by
Yedid Brothers Llc
Purchase Details
Closed on
Jan 19, 2000
Sold by
Kim Kwan S and Kim Jung Sook
Bought by
Ethan Realty Inc
Create a Home Valuation Report for This Property
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 |
|---|---|---|---|
| Dean Maxine B | $649,000 | Aaron Abstract | |
| Goldsman Semion | $450,000 | None Available | |
| Yedid Brothers Llc | $220,000 | -- | |
| Ethan Realty Inc | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dean Maxine B | $579,463 | |
| Previous Owner | Goldsman Semion | $360,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/21/2022 07/21/22 | Sold | $649,000 | 0.0% | $233 / Sq Ft |
| 06/09/2022 06/09/22 | Pending | -- | -- | -- |
| 01/17/2022 01/17/22 | Price Changed | $649,000 | -3.9% | $233 / Sq Ft |
| 11/18/2021 11/18/21 | Price Changed | $675,000 | -2.9% | $242 / Sq Ft |
| 10/20/2021 10/20/21 | For Sale | $695,000 | 0.0% | $249 / Sq Ft |
| 09/01/2020 09/01/20 | Rented | $1,500 | 0.0% | -- |
| 07/06/2020 07/06/20 | Price Changed | $1,500 | -11.8% | $1 / Sq Ft |
| 05/08/2020 05/08/20 | For Rent | $1,700 | -- | -- |
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 | $7,679 | $653,200 | $130,640 | $522,560 |
| 2024 | $7,679 | $653,200 | $130,640 | $522,560 |
| 2023 | $7,679 | $548,600 | $109,700 | $438,900 |
| 2022 | $6,698 | $548,600 | $109,700 | $438,900 |
| 2021 | $6,698 | $0 | $0 | $0 |
| 2020 | $6,698 | $0 | $0 | $0 |
| 2019 | $6,632 | $0 | $0 | $0 |
| 2018 | $6,645 | $0 | $0 | $0 |
| 2017 | $6,827 | $0 | $0 | $0 |
| 2016 | $6,827 | $0 | $0 | $0 |
| 2015 | $6,535 | $0 | $0 | $0 |
| 2014 | -- | $487,700 | $116,000 | $371,700 |
| 2012 | -- | $59,840 | $8,400 | $51,440 |
Source: Public Records
Agents Affiliated with this Home
-
Michael McCann
-
Stuart Cohen
Seller Co-Listing Agent in 2022
Stuart Cohen
KW Empower
(215) 275-0800
2 in this area
168 Total Sales
-
Diana Rivera
Buyer's Agent in 2022
Diana Rivera
Keller Williams Real Estate - Newtown
(267) 678-6797
1 in this area
75 Total Sales
-
Harvey Bevitz
H
Seller's Agent in 2020
Harvey Bevitz
Harvey Bevitz Real Estate
(215) 327-5565
9 Total Sales
Map
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2038642
APN: 871024450
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