5 months on rocket

721 S 56th St, Philadelphia, PA, 19143

$240,000

Home List Price

$2,850*

Closing Credit

0 Baths
1,862 SqFt
$129/SqFt
Multi

Location

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721 S 56th St, Philadelphia$240,000

Buyer Closing Credits

$2,850*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Year Built1920
HeatingForced Air
CoolingNone
MLS #PAPH2371010
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 721 S 56th St

Great income producing Duplex zoned RM1 with big porch on a wide block right near Baltimore Avenue. 2 (2) Bedroom,1 bath units with separate entrances are in very good condition. Each unit pays $1,100 per month. The building has lead test, a rental license and is a great quality rental. All offers will be presented, property is sold in as is condition. Buyer is responsible for u/o, and proof of funds required with all offers. This is a great investment for the price, location and condition. Don't miss this opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1920
  • Living Area: 1,862 SqFt

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Michael P Cohen

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: head down s 56th Street

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $240,000
  • Price Per SqFt: $129/SqFt

Tax Information:

  • Annual Amount: $73
  • 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

721 S 56th St vs Philadelphia

160 DAYS ON ROCKET

+115 Days

$240,000

-$25.3K Less

$129/SqFt

-$72 Less

KEY TAKEAWAY

This property is $25.3K less than the Median Sold Price and $72/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: #PAPH2371010

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Michael P Cohen

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: 12/23/2024, 9:21:02 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

Aug 18, 2021Home Sold
$40,000
Jan 06, 2021Home Sold
$40,000

Tax History

YEARPROP. TAXASSESSMENT
2020$73 -
2019$677$48,400
2018$675$48,200
2017$675$48,200

History based on county public records data.

Payment Calculator

$1,265

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$786

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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-1166784
3
/10

  • Stonehurst Hills Elementary School

  • 7051 Ruskin Ln

  • 1.23 miles

  • Public District Grades KG-5

school-card-donut-1166785
6
/10

  • W B Evans Magnet School

  • 900 Baily Rd

  • 1.25 miles

  • Public Magnet Grades KG-6

school-card-donut-1166786
5
/10

  • Joseph W. Catharine School

  • 6600 Chester Ave

  • 1.53 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 $29,130. The majority of Philadelphia, PA residents have income less than $35k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19143›721 S 56th St

This home is located at 721 S 56th St in Philadelphia, PA and zip code 19143 in the Cobbs Creek neighborhood. This 1,862 square foot home, which was built in 1920, sits on a 0.03 acre lot. It has been listed on Rocket Homes since July 16, 2024 and is currently priced at $240,000.

While more than 219 listings in Philadelphia, PA in November 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 523 were sold below. The number of listings in Philadelphia, PA increased by 1.8% between October 2024 and November 2024. In November 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $265,372.

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

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