tomo logo

$385,000

Beds
6
Baths
3.0
sq ft
1,863

1431 W Norris St, Philadelphia, PA 19121

1431 W Norris St

PHILADELPHIA, PA 19121

  • 4 days on market
Investor Alert: Here is your chance to own a large income generating property with a never ending supply of tenants. This 6 bed 3 bath property is fully rented through July of 2026. Entering through the south facing front door, you pass the first bedroom as you move through the communal living room space. As you head to the rear, you make it through the tiled kitchen and into the laundry room before making it out to the private rear yard. Throughout the other 2 floors, you will find 5 more spacious bedrooms with 3 full bathrooms. The basement is unfinished, but perfect for storage. Due to the current tenants in the property, showings are only accepted with a valid offer and with 48 hours notice.

Details

Property type

Townhouse

Est. home value

$467,377

Lot size

1,182 sq ft

Price per sq ft

$207

Year built

1915

Annual property taxes

$3,846

HOA

No

Price History

02/27/2025
Bright

Bright #PAPH2450308

Listed
$385,000
-8.33%
02/17/2021
Bright

Bright #PAPH988814

Sold
$420,000

Schools & Community

Neighborhood: 

North Central

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

PHILADELPHIA CITY

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

$68,591
Asking price
$385,000
Closing costs (~8% of asking)
-$30,800
Est. remaining loan balance
-$285,609
Cash to seller
$68,591

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

Seller’s Loan History

Lender

Absolute Home Mortgage Corp

Loan start date

January 2021

Original loan amount

$315,000

Est. remaining balance

$285,609

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Dong Won Kim and Young Soon Kim

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: 03/04/2025 at 12:00 AM

Listing updated: 02/27/2025 at 12:59 PM

Listed by: Pat J Hatfield, Elfant Wissahickon Realtors Phone #: (215) 866-0050

MLS: Bright #PAPH2450308

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