4 months on rocket

3424 N Reese St, Philadelphia, PA, 19140

$87,000

Home List Price

$1,033*

Closing Credit

0 Baths
650 SqFt
$134/SqFt
Multi

Location

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3424 N Reese St, Philadelphia$87,000

Buyer Closing Credits

$1,033*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Year Built1920
HeatingHot Water
BasementYes
MLS #PAPH2371172
Lot Size0.01 Acres
StatusActive
(ACTIVE)

About 3424 N Reese St

Investor Special in the Heart of Fairhill! Introducing an exceptional investment opportunity at 3224 N Reese Street, Philadelphia, PA 19140. This duplex, priced at just $87,000, presents a unique chance for investors to acquire a property with substantial potential in the vibrant Fairhill neighborhood. Property Features: Type: Duplex Location: 3224 N Reese Street, Philadelphia, PA 19140 Price: $87,000 Condition: Property has been cleaned out and is ready for rehab Unit Configuration: Suitable for conversion into multiple rental units Investment Highlights: Current Market Rents: The Fairhill area boasts strong rental demand, with current market rents for 1 bed, 1 bath units ranging from $800 to $900 per month. Value-Add Potential: This property offers significant potential for value addition through strategic renovations. Investors can capitalize on the increasing demand for quality rental units in this up-and-coming neighborhood. Prime Location: Situated in the Fairhill neighborhood, the property is in close proximity to public transportation, shopping centers, schools, and recreational facilities, enhancing its appeal to prospective tenants. This property represents an ideal investment for those looking to expand their portfolio in a high-demand rental market. With a little renovation, this duplex can be transformed into a lucrative income-generating asset.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1920
  • Living Area: 650 SqFt

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Timothy Eiland

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.01 Acres

Utilities

Utilities Information:

  • Heating: Hot Water

Other

Directions Information:

  • Directions: Enter 3424 N Reese Street into google maps

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $87,000
  • Price Per SqFt: $134/SqFt

Tax Information:

  • Annual Amount: $379
  • 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

3424 N Reese St vs Philadelphia

142 DAYS ON ROCKET

+98 Days

$87,000

-$174.8K Less

$134/SqFt

-$65 Less

KEY TAKEAWAY

This property is $174.8K less than the Median Sold Price and $65/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: #PAPH2371172

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Timothy Eiland

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: 11/17/2024, 7:20:51 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

Mar 10, 2011Home Sold
$11,900

Tax History

YEARPROP. TAXASSESSMENT
2020$379 -
2019$496$35,500
2018$598$42,700
2017$598$42,700

History based on county public records data.

Payment Calculator

$502

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$327

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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-551484
1
/10

  • Bayard Taylor Elementary School

  • 3698 N Randolph St

  • 0.27 miles

  • Public District Grades KG-5

school-card-donut-551485
1
/10

  • William Cramp Elementary School

  • 3449 N Mascher St

  • 0.45 miles

  • Public District Grades KG-5

school-card-donut-551486
1
/10

  • Isaac A. Sheppard Elementary School

  • 120 W Cambria St

  • 0.75 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,934. The majority of Philadelphia, PA residents have income less than $35k annually. The most common type of family is 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›19140›3424 N Reese St

This home is located at 3424 N Reese St in Philadelphia, PA and zip code 19140 in the Fairhill neighborhood. This 650 square foot home, which was built in 1920, sits on a 0.01 acre lot. It has been listed on Rocket Homes since June 28, 2024 and is currently priced at $87,000.

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. 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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