1123 Race Street

Local assessors in Philadelphia, PA have categorized 1123 Race Street as a commercial type of property. The home was built in 1925 and is 99 years old. The property's lot size has been calculated to be 1,240 square feet. The linear feet between the front and back of the lot was measured at 620 ft and the front of the lot was measured at 200 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1123 Race Street has a total of 3,720 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Lots of stucco were used in the construction of the exterior walls of the home. The home's a hot water heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1123 Race Street was last sold in Apr 7, 1997 for $50,000. According to our calculations, that's $13.44 per sqft. Current property owners are expected to pay $12,283 in taxes per year. The property on 1123 Race Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $877,500. To break that down further, the land itself was valued at $175,500. While improvements to the property were assessed at a total of $702,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.