2 months on rocket

329 N 40th St, Philadelphia, PA, 19104

$1,850,000

Home List Price

$10,000*

Closing Credit

0 Baths
8,000 SqFt
$231/SqFt
House

Location

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329 N 40th St, Philadelphia$1,850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOn Street
Year Built2018
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #PAPH2398888
Lot Size0.06 Acres
StatusActive
(ACTIVE)

About 329 N 40th St

This is new construction done five years ago. There are 6 apartments with 20 bedrooms and 17 bathrooms. Walking distance to UPenn and Drexel. It still has close to 5 years of tax abatement. Fully furnished apartments. Fully rented each year. Great cash flow with 10% to 20% rent increase potential. Contact me for tour.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 2018
  • Living Area: 8,000 SqFt

Listing Office:

  • Office Name: Panphil Realty, LLC
  • Office Phone: (215) 332-3089
  • Listing Agent: Nanxing Wei

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: North 40th Street

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,850,000
  • Price Per SqFt: $231/SqFt

Tax Information:

  • Annual Amount: $1,437
  • 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

329 N 40th St vs Philadelphia

64 DAYS ON ROCKET

+20 Days

$1,850,000

+$1.5M More

$231/SqFt

+$32 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $32/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: #PAPH2398888

Listing Office:

  • Office Name: Panphil Realty, LLC
  • Office Phone: (215) 332-3089
  • Listing Agent: Nanxing Wei

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, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,437 -
2019$1,427$1,019,700

History based on county public records data.

Payment Calculator

$9,301

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,613

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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-755349
5
/10

  • Samuel Powel Elementary School

  • 301 N 36th St

  • 0.43 miles

  • Public District Grades KG-4

school-card-donut-755350
3
/10

  • Inquiry Charter School

  • 1301 Belmont Ave

  • 1.16 miles

  • Public Charter Grades PK-5

school-card-donut-755351
3
/10

  • Universal Institute Charter School at Bluford

  • 5801 Media St

  • 2.05 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,828. The most common annual income of people living in Philadelphia, PA is less than $35k. 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

Frequently Asked Questions About 329 N 40th St

What is the listing price of this property?

The listing price of 329 N 40th St property is $1,850,000.

What type of property is this?

The property 329 N 40th St is a house located in Philadelphia, Pennsylvania, 19104.

Is this property for sale now?

Active Listing: 329 N 40th St 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 $1,437 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 329 N 40th St is 8,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 329 N 40th St is 2018.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19104›329 N 40th St

This home is located at 329 N 40th St in Philadelphia, PA and zip code 19104 in the Powelton neighborhood. This 8,000 square foot home, which was built in 2018, sits on a 0.06 acre lot. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $1,850,000.

In October 2024 more than 252 listings in Philadelphia, PA were sold above the asking price. During the same period more than 237 listings were sold at asking price, while more than 567 were sold below. The number of listings in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. Listings spent 44 days on the market in October 2024, and had a median list price of $261,807 during the same period.

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

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