tomo logo

$419,900

Beds
7
Baths
5.0
sq ft
3,540

1225 N 6th St, Philadelphia, PA 19122

1225 N 6th St

PHILADELPHIA, PA 19122

  • 366 days on market
    • Price drop $70,000↓
$70,000 Price Reduction on the day that the Fed Cut Rates 50bps or .05%!!! Best financing available in the past 4 years...act now before this opportunity is gone. This is the best possible time to put this asset in your portfolio. Location Location Location!!! Welcome to this 20’ wide, 90’ deep SHOVEL READY, FULLY APPROVED & PERMITTED Brownstone development on Doctor’s Row in JuNoGi (Just North Of Girard). This building has been lived in for over 100 years by the same family and now it is ready for you to build a lasting trophy investment. Zoning & Building Permits in hand for a 3 unit new condos / apartments, all with private outdoor space. The building's bones are incredible. Architectural elements are in place. Multiple Fireplaces. Incredible marble entry foyer. Grand winding staircase. Every window is Brand New and installed. Ready for you and your crew to finish the work & make this investment return BIG!

Details

Property type

Townhouse

Est. home value

$767,731

Lot size

1,800 sq ft

Price per sq ft

$119

Year built

1915

Annual property taxes

$3,628

HOA

No

Price History

09/17/2024
Bright

Bright #PAPH2287936

Price change
$419,900
-14.29%
09/17/2024
Bright

Bright #PAPH2287936

Price change
$489,900
+0.18%
11/03/2023
Bright

Bright #PAPH2287936

Listed
$489,000

Schools & Community

Neighborhood: 

Old Kensington

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Hyperion Bank

Loan start date

November 2019

Original loan amount

$370,000

Est. remaining balance

Not provided

Interest rate

3.65%

Loan type

Building or Construction Loan

Seller

John Mcdonald Jr and Tiffany Mcdonald

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/03/2024 at 8:00 AM

Listing updated: 09/19/2024 at 10:16 AM

Listed by: John D McDonald, Keller Williams Main Line Phone #: (610) 520-0100

MLS: Bright #PAPH2287936

Bright logo

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