Owner
$388,101
1326 SPRUCE ST APT 501, PHILADELPHIA, PA
Quick Facts
owner occupied
No
vacant
No
corporate owner
Yes
beds
2
baths
2
sq. ft.
1,209
property type
Condominium Unit (Residential)
hoa
Yes
About
Residential
Fair Condition
Living Area
Garage
1 Story
Masonry
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1900
Building Size
1,209 sq ft
Lot Size
1 sq ft
Lot Size (Acres)
0.00 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
88-8050268
County
Philadelphia County, PA
Metro Area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Zoning
RMX3
Neighborhood/Subdivision
TOWER EAST
Lot Number
506
School District
Philadelphia City School District
Legal Description
SWC JUNIPER & SPRUCE
Tax & Value Information
Market Value (Total)
$368,000
Building Value
$335,000
Land Value
$33,000
Annual Property Tax
—
Tax Assessment Year
2024
Assessed Value
$368,000
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
3/17/2023
Recording Date
3/29/2023
Sales Document #
2023.54163556
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$15,017
Return on Investment
15.60%
After Repair Value
$426,911
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$349,291
Renovation Cost
$19,405
Closing Costs (buying)
$6,986
Holding Costs
$10,597
Selling Costs
$25,615
Total Investment
$96,249
After Repair Value (ARV)
$426,911
Total Costs
$411,894
Estimated Profit
$15,017
Cash Invested
$89,263
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area