2 years on rocket

1016 Cottman Ave, Philadelphia, PA, 19111

$1,680,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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1016 Cottman Ave, Philadelphia$1,680,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingParking Lot
Year Built1950
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #PAPH2094662
Lot Size0.20 Acres
StatusActive
(ACTIVE)

About 1016 Cottman Ave

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills. are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1950

Listing Office:

  • Office Name: Home Max Realty
  • Office Phone: (215) 904-7508
  • Listing Agent: Jie Chen

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: use GPS

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,680,000

Tax Information:

  • Annual Amount: $6,242
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

1016 Cottman Ave vs Philadelphia

977 DAYS ON ROCKET

+933 Days

$1,680,000

+$1.4M More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2094662

Listing Office:

  • Office Name: Home Max Realty
  • Office Phone: (215) 904-7508
  • Listing Agent: Jie Chen

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 6:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 22, 2014Home Sold
$720,000
Feb 23, 2005Home Sold
$535,000
May 05, 2004Home Sold
$425,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,242 -
2019$6,226$444,800
2018$6,056$432,600
2017$9,566$683,400

History based on county public records data.

Payment Calculator

$8,452

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,103

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-697761
4
/10

  • Kennedy Crossan Academic Plus Elementary School

  • 7350 Bingham St

  • 0.15 miles

  • Public District Grades KG-5

school-card-donut-697762
6
/10

  • J. Hampton Moore School

  • 6900 Summerdale Ave

  • 0.85 miles

  • Public District Grades KG-5

school-card-donut-697763
6
/10

  • Fox Chase Academics Plus School

  • 500 Rhawn St

  • 1.00 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,715. Residents of Philadelphia, PA typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1016 Cottman Ave

What is the listing price of this property?

The listing price of 1016 Cottman Ave property is $1,680,000.

What type of property is this?

The property 1016 Cottman Ave is a house located in Philadelphia, Pennsylvania, 19111.

Is this property for sale now?

Active Listing: 1016 Cottman Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $6,242 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 22, 2014 for $720,000. (source: MLS/tax record).

What is the square footage of this property?

The sq. ft. of 1016 Cottman Ave is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 1016 Cottman Ave is 1950.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19111›1016 Cottman Ave

This home is located at 1016 Cottman Ave in Philadelphia, PA and zip code 19111 in the Oxford Circle neighborhood. This home, which was built in 1950, sits on a 0.20 acre lot. It has been listed on Rocket Homes since March 17, 2022 and is currently priced at $1,680,000.

Over 252 listings were sold over their listed price in October 2024 in Philadelphia, PA. In the same period over 567 listings were sold below the listed price and 237 listings were sold for the listed price. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. The median list price of listings available in October 2024 was $261,807, while the average time on the real estate market was 44 days.

From Rocket Homes Real Estate and based on county public records data.

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