616 South 3rd Street

Philadelphia, PA 19147

$730,000
Last Sold Price
1
Beds
1
Bath
1,600 Sq. Ft.
$456 / Sq. Ft.
1,600
Sq. Ft.
$456
per Sq. Ft.

Description

Incredible opportunity to own a mixed use duplex with 4 car plus PARKING in the heart of Queen Village. Essentially two full lots under one deed (20' X 105') with STREET to STREET access and tons of character and development opportunity. Owner-occupied or an investor's dream with endless possibilities! The ground floor features a commercial space which is currently being leased by an established coffee shop (business is not for sale). From the coffee shop access to your huge urban backyard oasis...Incredible opportunity to own a mixed use duplex with 4 car plus PARKING in the heart of Queen Village. Essentially two full lots under one deed (20' X 105') with STREET to STREET access and tons of character and development opportunity. Owner-occupied or an investor's dream with endless possibilities! The ground floor features a commercial space which is currently being leased by an established coffee shop (business is not for sale). From the coffee shop access to your huge urban backyard oasis or potential development space. The second floor includes a one bedroom apartment with one bathroom. Great open layout with tall ceilings with exposed beams & brick, and original in-lay hardwood flooring throughout. This two story building could easily expand up or back. Take advantage of the shops and eateries in the neighborhood. Easy access to all public transportation.

Property Details for 616 South 3rd Street

Tax ID Number
871281550
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Traditional, Art Deco
Waterfront
No
Garage
No
Subdivision
QUEEN VILLAGE
Subdivision
QUEEN VILLAGE (PHILADELPHIA PA)

Location

Add your commute
LISTING UPDATED: 09/01/2023 08:04 PM

Property Details for 616 South 3rd Street

StatusClosed
MLS #PAPH2038010
Days on Market116
Taxes$4,426 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.04 AC / 1,923 SF
CountyPhiladelphia County

Location

Add your commute

Building Information for 616 South 3rd Street

Stories-Residences2Year Built1920Building Size-Lot Size0.04 AC / 1,923 SF

Payment Calculator

$4,353 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,984

Property Taxes

$369

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 616 South 3rd Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • Elementary School: MEREDITH WILLIAM (PHILADELPHIA PA)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: MEREDITH WILLIAM (PHILADELPHIA PA)
  • MiddleSchoolSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19147 (19147)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $316,200
  • Year Assessed: 2022
  • Improvement Assessed Value: $252,960
  • City Town Tax: $1,997
  • Land Assessed Value: $63,240
  • Clean Green Assessed: No
  • Land Use Code: S30
  • Zoning: CMX2
  • Tax Lot: 63
  • School Tax: $2,428
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2
  • Units Leased Count: 2
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Features: Commercial Business
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Finished SQFT: 700
  • Beds Total: 1
  • Full Baths Count: 1
Financial Information
Expenses
  • Income Expense List: Annual Ground Rent
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 1,600.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 20.00 x 100.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1416425
  • Ground Rent Exists: Yes
  • Ground Rent Years Remaining: 1
Parking
Parking
  • Type Of Parking: Driveway
  • Driveway - # of Spaces: 4
  • Parking Features: Concrete Driveway
Interior Features
Interior Features
  • Fireplace: No
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Radiant
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 616 South 3rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 616 South 3rd Street

Taxable ValueLand$79,300Additions$317,500Total$396,800
Tax Record2023$5,554 ($463 / month)
Home Facts
Total Finished SqFt1,600 SqFtAbove Grade Finished SqFt1,600 SqFtStories2Lot Size1,923 SqFtStyleOffice BuildingYear Built1900ZoningCMX2CountyPHILADELPHIAAPN87-1-2815-50

Schools near 616 South 3rd Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Meredith William M School
PublicK to 8

Furness Horace High School
Public9 to 12

Constitution High School
Public9 to 12

Academy At Palumbo
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.