new - 2 days on rocket

700-02 N 40th St, Philadelphia, PA, 19104

$600,000

Home List Price

$7,125*

Closing Credit

0 Baths
5,490 SqFt
$109/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

700-02 N 40th St, Philadelphia$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingGarage - Side Entry, Secure Parking, On Street, Detached Garage
Garage1 space
Year Built1935
HeatingBaseboard
CoolingNone
BasementYes
MLS #PAPH2414946
Lot Size0.15 Acres
StatusActive
(ACTIVE)

About 700-02 N 40th St

ATTENTION Investors and Builders!! Great opportunity in one of the fastest growing zip codes in Philadelphia, University City! LOCATION LOCATION LOCATION...get in now while you still can. University City is one of the fastest growing sections of the city with tons of rental demand from Drexel University, Penn University, and young professionals. The Schuylkill Yards Development is proceeding and going to double or triple values here. These 2 HUGE CORNER lots have tons of development potential. ZONED RM-1 and 55 FEET WIDE BY 115 FEET DEEP!!! 700 North 40th Street is 25 feet wide and 702 North 40th Street is 30 feet wide according to public record and both lots are 115 feet deep. With the possibility to develop 14 apartments OR MORE, this is a can't miss opportunity. Bring your offers fast, this one won't last long! Properties are being sold AS-IS!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1935
  • Living Area: 5,490 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Group
  • Office Phone: (610) 792-5900
  • Listing Agent: Eric D Feinberg

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Carpet, Wood

Exterior Features

Exterior Information:

  • Exterior: Fire Escape, Sidewalks, Street Lights

Parking Information:

  • Garage Space: 1 space
  • Parking: Garage - Side Entry, Secure Parking, On Street, Detached Garage

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: The building is at the corner of Fairmount Avenue and North 40th Street.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000
  • Price Per SqFt: $109/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

Map thumbnail provided by MapBox

Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

700-02 N 40th St vs Philadelphia

2 DAYS ON ROCKET

-42 Days

$600,000

+$338.1K More

$109/SqFt

-$90 Less

KEY TAKEAWAY

This property is $338.1K more than the Median Sold Price and $90/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: #PAPH2414946

Listing Office:

  • Office Name: Keller Williams Realty Group
  • Office Phone: (610) 792-5900
  • Listing Agent: Eric D Feinberg

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, 4:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-525305
5
/10

  • Samuel Powel Elementary School

  • 301 N 36th St

  • 0.49 miles

  • Public District Grades KG-4

school-card-donut-525306
3
/10

  • Inquiry Charter School

  • 1301 Belmont Ave

  • 1.29 miles

  • Public Charter Grades PK-5

school-card-donut-525307
3
/10

  • Universal Institute Charter School at Bluford

  • 5801 Media St

  • 2.11 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 $24,118. Typical income of Philadelphia, PA residents is less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 700-02 N 40th St

What is the listing price of this property?

The listing price of 700-02 N 40th St property is $600,000.

What type of property is this?

The property 700-02 N 40th St is a house located in Philadelphia, Pennsylvania, 19104.

Is this property for sale now?

Active Listing: 700-02 N 40th St is For Sale (Active/New) which means the seller is accepting offers.

What is the square footage of this property?

The property 700-02 N 40th St is 5,490 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 700-02 N 40th St is 1935.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19104›700-02 N 40th St

This home is located at 700-02 N 40th St in Philadelphia, PA and zip code 19104 in the Powelton neighborhood. This 5,490 square foot home, which was built in 1935, sits on a 0.15 acre lot. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $600,000.

In October 2024, from all listings sold in Philadelphia, PA there were more than 252 sold above asking price, over 567 sold below and more than 237 were sold right at the asked price. Between September 2024 and October 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 9.8%. 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.

More Resources