1240 West Ritner Street

1240 West Ritner Street in Philadelphia, PA was first built in 1940 and is 84 years old. This has been categorized as a commercial property type. For those interested in architecture, the building on the property was built in a unknown style. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1240 West Ritner Street has 1,800 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 150 ft and the linear feet between the front and back of the lot is 640. In total, the area measurement of the land is 960 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. 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, 1240 West Ritner Street sold most recently in Nov 20, 2018 for a total of $300,000. If you work out the math, that's approximately a cost of $166.67 per sqft. Before that, the property was also sold for $79,000 in Jun 8, 1988. 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 $3,404 in taxes each year. 1240 West Ritner Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $243,200. If we break it down further, the land itself was valued at $48,640. Improvements to the property, however, were assessed at a total of $194,560. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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.