2 months on rocket

1318 E Luzerne St, Philadelphia, PA, 19124

$335,000

Home List Price

$3,978*

Closing Credit

0 Baths
2,625 SqFt
$128/SqFt
Multi

Location

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1318 E Luzerne St, Philadelphia$335,000

Buyer Closing Credits

$3,978*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingNone
Year Built1925
HeatingForced Air
CoolingWindow Unit(s)
BasementYes
MLS #PAPH2410448
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 1318 E Luzerne St

Investor's Alert! A great corner property for sale. This 2600sqft mix-use property is located in a nice and clean street. It contains of 1 commercial space and 2 residential family. Unit1 commercial space is generating $850 monthly income with 5% rent increase every year. Unit2 is a large 2B1B generating $900 a month, which is under market price. Unit3 is a 3B1B rented at $950 a month, also way under market price. These 3 units currently generating $32.4K yearly income, while the normal market price should be $35-37K. A great investment property for you to pick in Northeast Philly. Won't last long, schedule your appointment ASAP.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1925
  • Living Area: 2,625 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (215) 923-7600
  • Listing Agent: Qiao Shen

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Tile/Brick

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: *

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $335,000
  • Price Per SqFt: $128/SqFt

Tax Information:

  • Annual Amount: $1,586
  • 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

$265.3K

Med. Price/SqFt

$200

Avg. Days On Market

45

# of Sold Homes

946

1318 E Luzerne St vs Philadelphia

67 DAYS ON ROCKET

+22 Days

$335,000

+$69.6K More

$128/SqFt

-$73 Less

KEY TAKEAWAY

This property is $69.6K more than the Median Sold Price and $73/SqFt less than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2410448

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (215) 923-7600
  • Listing Agent: Qiao Shen

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: 12/22/2024, 9:20:57 PM 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 29, 2013Home Sold
$50,500

Tax History

YEARPROP. TAXASSESSMENT
2020$1,586 -
2019$1,472$105,200
2018$1,530$109,300
2017$1,530$109,300

History based on county public records data.

Payment Calculator

$1,739

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,071

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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-1083476
2
/10

  • Mastery Preparatory Elementary Charter School

  • 1801 W Pike St

  • 0.37 miles

  • Public Charter Grades KG-4

school-card-donut-1083477
3
/10

  • Alexander McClure School

  • 600 W Hunting Park Ave

  • 0.62 miles

  • Public District Grades KG-5

school-card-donut-1083478
1
/10

  • Bayard Taylor Elementary School

  • 3698 N Randolph St

  • 0.72 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 $27,317. The majority of Philadelphia, PA residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19124›1318 E Luzerne St

This home is located at 1318 E Luzerne St in Philadelphia, PA and zip code 19124 in the Tioga neighborhood. This 2,625 square foot home, which was built in 1925, sits on a 0.03 acre lot. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $335,000.

In November 2024 more than 219 listings in Philadelphia, PA were sold above the asking price. During the same period more than 204 listings were sold at asking price, while more than 523 were sold below. The number of homes for sale in Philadelphia, PA increased by 1.8% between October 2024 and November 2024. While the average time on the market in November 2024 was 45 days, the median list price was $265,372.

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

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