120 North 3rd Street

120 North 3rd Street has been categorized by the local assessors in Philadelphia, PA as a commercial type of property. The building on the property was first built in 1920 and is 104 years old. The building has a total of 5 stories. In addition, 120 North 3rd Street has 8,008 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,150 ft and across the front of the lot is 180 ft. The area measurement of the land has been determined as 2,071 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. The exterior walls of the building are made of brick. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 120 North 3rd Street sold most recently in Aug 16, 2021 for a total of $2,120,000. If you work out the math, that's approximately a cost of $264.74 per sqft. Before that, the property was also sold for $2,050,000 in Feb 28, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $23,072 in taxes each year. The initial year of tax delinquency occurred in 2019. 120 North 3rd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,648,200. If we break it down further, the land itself was valued at $329,600. Improvements to the property, however, were assessed at a total of $1,318,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.