3 months on rocket

2981 Memphis St, Philadelphia, PA, 19134

$385,000

Home List Price

$4,572*

Closing Credit

0 Baths
1,978 SqFt
$195/SqFt
Multi

Location

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2981 Memphis St, Philadelphia$385,000

Buyer Closing Credits

$4,572*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1925
HeatingForced Air
CoolingCentral Air, Wall Unit(s)
MLS #PAPH2382622
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 2981 Memphis St

2981 Memphis St., Philadelphia PA 19134 is a mix-use commercial property legally zone for a two unit building. The first floor commercial unit of this building is being rent to a small convenience store that is still operating and currently rented for $2000 a month. Their lease is up next year with no option to renew. The second floor features a three bedroom, one bathroom apartment with force air heating and central air. A lease is currently not in place for second floor unit. Asking price is $385000 property is being sold in as-is condition. Seller is motivated.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1925
  • Living Area: 1,978 SqFt

Listing Office:

  • Office Name: Realty Mark Associates
  • Office Phone: (215) 376-4444
  • Listing Agent: Keyon Whiting

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air, Wall Unit(s)

Other

Directions Information:

  • Directions: Use GPS

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $385,000
  • Price Per SqFt: $195/SqFt

Tax Information:

  • Annual Amount: $1,964
  • 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

2981 Memphis St vs Philadelphia

102 DAYS ON ROCKET

+58 Days

$385,000

+$123.1K More

$195/SqFt

-$4 Less

KEY TAKEAWAY

This property is $123.1K more than the Median Sold Price and $4/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: #PAPH2382622

Listing Office:

  • Office Name: Realty Mark Associates
  • Office Phone: (215) 376-4444
  • Listing Agent: Keyon Whiting

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: 11/13/2024, 1:20:50 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

Feb 16, 2006Home Sold
$19,900
Feb 16, 2006Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,964 -
2019$1,945$139,000
2018$1,886$134,700
2017$2,398$171,300

History based on county public records data.

Payment Calculator

$1,989

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,221

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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-287108
3
/10

  • Richmond Elementary School

  • 2944 Belgrade St

  • 0.20 miles

  • Public District Grades KG-5

school-card-donut-287109
3
/10

  • Frances E. Willard School

  • 2900 Emerald St

  • 0.55 miles

  • Public District Grades KG-4

school-card-donut-287110
4
/10

  • John H. Webster Elementary School

  • 3400 Frankford Ave

  • 0.77 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 $44,022. The most common annual income of people living in Philadelphia, PA is between $35k-100k. Typical family type is 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›19134›2981 Memphis St

This home is located at 2981 Memphis St in Philadelphia, PA and zip code 19134 in the Bridesburg / Kensington / Richmond neighborhood. This 1,978 square foot home, which was built in 1925, sits on a 0.04 acre lot. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $385,000.

While more than 252 listings in Philadelphia, PA in October 2024 were sold above asking price, there were more than 237 listings sold at asking price, and more than 567 were sold below. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. In October 2024, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $261,807.

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

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