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$390,000

Beds
3
Baths
2.0
sq ft
896

1847 Hoffman St, Philadelphia, PA 19145

1847 Hoffman St

PHILADELPHIA, PA 19145

  • 104 days on market
    • Price drop $35,000↓
HUGE Price Drop- Priced to Sell. Love South Philly and looking for a more updated home with the same awesome culture and feel? Welcome home. This stunning, fully renovated home boasts 3 spacious bedrooms and 2 pristine full baths. The home is modern and warm with modern elegance throughout. Nestled on a beautiful block, you'll enjoy a vibrant neighborhood that's just a 15-minute bike ride or a quick 10-minute car trip from Center City. Public transportation is easily accessible, making city commuting a breeze. Step outside to your private yard, complete with a deck perfect for entertaining or relaxing under the stars. Inside, you'll be greeted by a gorgeous kitchen featuring top-of-the-line finishes and beautiful flooring that flows seamlessly throughout the home. Located in Newbold and near South Passayunk, you'll have all the shopping and dining you could desire right at your fingertips. This home is the perfect blend of urban convenience and comfort. Take advantage of Spring and Summer grants that can help with down payment.

Details

Property type

Townhouse

Est. home value

$168,093

Lot size

658 sq ft

Price per sq ft

$436

Year built

1920

Annual property taxes

$2,231

HOA

No

Price History

08/27/2024
Bright

Bright #PAPH2378116

Price change
$390,000
-8.24%
07/24/2024
Bright

Bright #PAPH2378116

Listed
$425,000
+193.1%
08/04/2023
Bright

Bright #PAPH2169630

Sold
$145,000

Schools & Community

Neighborhood: 

West Passyunk

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

$215,771
Asking price
$390,000
Closing costs (~8% of asking)
-$31,200
Est. remaining loan balance
-$143,029
Cash to seller
$215,771

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

Seller’s Loan History

Lender

Waring Investments Inc

Loan start date

August 2023

Original loan amount

$145,000

Est. remaining balance

$143,029

Interest rate

6.69%

Loan type

New Conventional, 30 year

Seller

Olalere Llc

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 8:10 AM

Listing updated: 08/27/2024 at 6:43 PM

Listed by: Katherine Mejia, Legal Real Estate LLC Phone #: (215) 965-9700

MLS: Bright #PAPH2378116

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