tomo logo

$165,000

Beds
4
Baths
1.5
sq ft
1,614

1245 Adams Ave, Philadelphia, PA 19124

1245 Adams Ave

PHILADELPHIA, PA 19124

  • 165 days on market
    • Price drop $10,000↓
Welcome to 1245 Adams a perfect opportunity to buy a property with tons of potential. Great Opportunity to purchase a cash-flowing asset with 20-30k in Equity immediately !!! This 4 bed 1.5 bath property is currently being used as an owner-occupied rooming house. Each room is currently renting at $700 per room totaling a monthly cash flow of $2100. Tenants are on month-to-month leases and willing to stay if desired. You also have the flexibility of using it as your residence. The home has been recently updated with new, electrical, plumbing, and flooring. The property is in excellent condition. Located minutes away from I-95 and Septa buses and trains making it easily accessible to get around town. Schedule your tour today.

Details

Property type

Townhouse

Est. home value

$145,252

Lot size

1,320 sq ft

Price per sq ft

$103

Year built

1930

Annual property taxes

$1,909

HOA

No

Price History

06/30/2024
Bright

Bright #PAPH2342266

Price change
$165,000
-5.71%
06/08/2024
Bright

Bright #PAPH2342266

Price change
$175,000
-3.31%
04/15/2024
Bright

Bright #PAPH2342266

Listed
$181,000

Schools & Community

Neighborhood: 

Frankford

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

Negotiation Insights

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

Seller could get up to

$85,907
Asking price
$165,000
Closing costs (~8% of asking)
-$13,200
Est. remaining loan balance
-$65,893
Cash to seller
$85,907

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Guaranteed Rate Affinity Llc

Loan start date

November 2020

Original loan amount

$72,000

Est. remaining balance

$65,893

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Austin Sampson

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: 09/23/2024 at 12:25 AM

Listing updated: 08/29/2024 at 7:33 PM

Listed by: Ernest Harrod, Century 21 Advantage Gold-Castor Phone #: (215) 722-7170

MLS: Bright #PAPH2342266

Bright logo

Recently listed in PHILADELPHIA

$1,100,000|4 bd|4.0 ba|House
$120,000|3 bd|1.0 ba|Townhouse
$225,000|3 bd|1.0 ba|Townhouse
$195,000|2 bd|1.0 ba|Townhouse
$99,900|2 bd|1.0 ba|Townhouse
$129,800|3 bd|2.0 ba|Townhouse
$185,000|4 bd|1.0 ba|Townhouse

Explore top cities in Pennsylvania