5 months on rocket

1604 Ridge Ave, Philadelphia, PA, 19130

$739,000

Home List Price

$8,776*

Closing Credit

0 Baths
2,899 SqFt
$255/SqFt
Multi

Location

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1604 Ridge Ave, Philadelphia$739,000

Buyer Closing Credits

$8,776*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingOn Street
Year Built1920
HeatingForced Air
CoolingCentral Air
MLS #PAPH2368412
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 1604 Ridge Ave

Welcome to 1604 Ridge Avenue, where the potential for investment opportunity is vast!!! This Franciville/Fairmount area property, boasting just under 3,000 square feet of space, is just 2 blocks west of North Broad Street and the Avenue of the Arts North, walkable to places like The Met Philadelphia, as well as SOUTH, Osteria and many other restaurants, and is located in the center of a bustling cultural hub with new condos, original homes and commercial corridors alike. The property presents an unparalleled opportunity for savvy investors seeking substantial returns. This property boasts a diverse mix of commercial and residential spaces, ensuring a steady stream of income that promises to maximize your ROI. The possibility of owner occupancy for the commercial unit is also a consideration. All tenants will remain in place if buyer choices Whether through rebranding, or strategic leasing, there are numerous avenues to further capitalize on this property and unlock its full ROI potential. Commercial unit is approximately 1000sqft. Upgrades and rehab through -out were done 2020/2021. Please see the P &L located in documents.

Property Details

Property Features

Property Information:

  • Architectural Style: Straight Thru
  • Year Built: 1920
  • Living Area: 2,899 SqFt

Listing Office:

  • Office Name: BHHS Fox & Roach-Art Museum
  • Office Phone: (215) 763-2100
  • Listing Agent: Dawn Varallo

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Please Us GPS

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $739,000
  • Price Per SqFt: $255/SqFt

Tax Information:

  • Annual Amount: $2,436
  • 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

1604 Ridge Ave vs Philadelphia

154 DAYS ON ROCKET

+110 Days

$739,000

+$477.1K More

$255/SqFt

+$56 More

KEY TAKEAWAY

This property is $477.1K more than the Median Sold Price and $56/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2368412

Listing Office:

  • Office Name: BHHS Fox & Roach-Art Museum
  • Office Phone: (215) 763-2100
  • Listing Agent: Dawn Varallo

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: 11/22/2024, 7:20:51 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

Jul 25, 2014Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,436 -
2019$3,456$246,900
2018$3,357$239,800
2017$1,515$108,200

History based on county public records data.

Payment Calculator

$3,756

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,282

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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-546848
6
/10

  • John Moffet Elementary School

  • 127 W Oxford St

  • 1.51 miles

  • Public District Grades KG-5

school-card-donut-546849
2
/10

  • Kipp North Philadelphia Charter School

  • 2539 N 16th St

  • 1.60 miles

  • Public Charter Grades KG-6

school-card-donut-546850
1
/10

  • Richard R. Wright Elementary School

  • 2700 W Dauphin St

  • 1.64 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 $18,333. The majority of Philadelphia, PA residents have income less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19130›1604 Ridge Ave

This home is located at 1604 Ridge Ave in Philadelphia, PA and zip code 19130 in the Fairmount neighborhood. This 2,899 square foot home, which was built in 1920, sits on a 0.03 acre lot. It has been listed on Rocket Homes since June 20, 2024 and is currently priced at $739,000.

Philadelphia, PA housing market in October 2024 saw over 252 listings sold above listed price, more than 237 sold at listed price and over 567 sold below. The number of listings in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. While the average time on the market in October 2024 was 44 days, the median list price was $261,807.

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

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