6 months on rocket

711 W Thompson St, Philadelphia, PA, 19122

$695,000

Home List Price

$8,253*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
3,360 SqFt
$207/SqFt
Townhouse

Location

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711 W Thompson St, Philadelphia$695,000

Buyer Closing Credits

$8,253*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingOther
Year Built1900
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #PAPH2369520
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 711 W Thompson St

Great Location and Improved Pricing!!! Discover urban sophistication and modern living in this beautifully renovated legally RM1 zoned multi family (up to 4 units allowed) located in the heart of Olde Kensington, one of Philadelphia's most vibrant neighborhoods. Ideal for investors seeking a turnkey property or homeowners looking for rental income opportunities. Strong rental income potential in a sought-after rental market with the average one to two bedrooms renting for $1700-$2300 per month. This is a great income producing property for a seasoned investor or owner-occupant looking to offset their living expenses. Prime location that’s walking distance to public transportation, art galleries, shops, restaurants, cafes and much more! The property was originally two separate parcels that were combined to make one large multi family spanning over 3300 square feet. The home was fully gutted, designed by an architect (drawings/plans available upon request) and constructed in 2017. Construction included a Brand New roof, new electrical, new plumbing, HVAC, framing, flooring, windows and doors. There’s still 3 years remaining on the Tax Abatement. The property is ADA compliant and all utilities are separated. The home is approved for a pilot house and roof deck (approved drawings/plans available upon request) which would add more value to this already perfect property. Everything about this property was well thought out from the bike room to the extra wide stairways making it easy for tenants to move furniture in and out. The owners used the property as a live & work space with the first floor being an art gallery, second floor an art studio and the third floor as their primary residence. Schedule your showing today and don’t miss out on the opportunity to own this very special property.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1900
  • Stories: 3
  • Living Area: 3,360 SqFt

Listing Office:

  • Office Name: OCF Realty LLC - Philadelphia
  • Office Phone: (215) 735-7368
  • Listing Agent: Jahlil N Edwards

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Other

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: GPS

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $695,000
  • Price Per SqFt: $207/SqFt

Tax Information:

  • Annual Amount: $2,795
  • 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

$265.3K

Med. Price/SqFt

$200

Avg. Days On Market

45

# of Sold Homes

946

711 W Thompson St vs Philadelphia

180 DAYS ON ROCKET

+135 Days

$695,000

+$429.6K More

$207/SqFt

+$6 More

KEY TAKEAWAY

This property is $429.6K more than the Median Sold Price and $6/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: #PAPH2369520

Listing Office:

  • Office Name: OCF Realty LLC - Philadelphia
  • Office Phone: (215) 735-7368
  • Listing Agent: Jahlil N Edwards

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: 12/22/2024, 5:20:56 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 04, 2015Home Sold
$135,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,795 -
2019$2,795$701,000
2017$885$63,200

History based on county public records data.

Payment Calculator

$3,536

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,150

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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-885006
6
/10

  • John Moffet Elementary School

  • 127 W Oxford St

  • 0.72 miles

  • Public District Grades KG-5

school-card-donut-885007
7
/10

  • Horatio B. Hackett School

  • 2161 E York St

  • 1.33 miles

  • Public District Grades KG-5

school-card-donut-885008
2
/10

  • Kipp North Philadelphia Charter School

  • 2539 N 16th St

  • 1.46 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 $13,331. The majority of Philadelphia, PA residents have income less than $35k annually. 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 711 W Thompson St

What is the listing price of this property?

The listing price of 711 W Thompson St property is $695,000.

What type of property is this?

The property 711 W Thompson St is a townhouse located in Philadelphia, Pennsylvania, 19122.

Is this property for sale now?

Active Listing: 711 W Thompson 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 $2,795 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 4, 2015 for $135,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 711 W Thompson St has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 711 W Thompson St is 3,360 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 711 W Thompson St is 1900.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19122›711 W Thompson St

This home is located at 711 W Thompson St in Philadelphia, PA and zip code 19122 in the Ludlow neighborhood. This 3,360 square foot home, which was built in 1900, sits on a 0.03 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $695,000.

Over 219 listings were sold over their listed price in November 2024 in Philadelphia, PA. In the same period over 523 listings were sold below the listed price and 204 listings were sold for the listed price. Between October 2024 and November 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 1.8%. While the average time on the market in November 2024 was 45 days, the median list price was $265,372.

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

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