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1316 North Franklin Street

1316 North Franklin Street, Philadelphia, PA 19122
1 Units For Sale
Unit for sale at 1316 N FRANKLIN ST, PHILADELPHIA, PA 19122

$393,000 ↓ $5K

  • 2 Beds
  • 3 Baths
  • 1,491 ft²
1316 N FRANKLIN ST #3, PHILADELPHIA, PA 19122 Listing by Erin Larkin

1316 North Franklin Street has been categorized by the local assessors in Philadelphia, PA as a residential type of property. The building on the property was first built in 1930 and is 94 years old. The home has a total of 12 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 3 stories. In addition, 1316 North Franklin Street has 3,880 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 1,005 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 2,512 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a triplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a open garage for those who require parking. According to our sources, there is one available parking space. 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of brick. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. The building on the property is connected to a sewer system. 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, 1316 North Franklin Street was last sold in Jun 1, 2022 for $325,000. According to our calculations, that's $83.76 per sqft. Prior to that sales transaction, the property was sold for $450,000 in Jul 2, 2021. Current property owners are expected to pay $9,327 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 1316 North Franklin Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $666,300. To break that down further, the land itself was valued at $133,260. While improvements to the property were assessed at a total of $533,040. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation.

Building Features

Exterior

Brick Exterior
Metal Exterior
Masonry Exterior
Vinyl Siding
Block Exterior

Condition

New Construction

Accessibility

ADA Access

Building Style

Contemporary

Parking

Private Parking
This property description is generated based on publicly available data.

7 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20240321 Unit 5
03/21/2024
5
2 Bed
3 Bath
1802 ft²
$465,000
bedrooms
2 Bed
bathrooms
3 Bath
square feet
1802 ft²
-
-
-
Jie Li
Compass Pennsylvania, LLC
20210908 Unit 2
09/08/2021
2
2 Bed
3 Bath
1553 ft²
$339,000
bedrooms
2 Bed
bathrooms
3 Bath
square feet
1553 ft²
-
-
-
Keith Adams
Compass Pennsylvania, LLC
20210923 Unit 1
09/23/2021
1
2 Bed
3 Bath
1653 ft²
$329,000
bedrooms
2 Bed
bathrooms
3 Bath
square feet
1653 ft²
-
-
-
Keith Adams
Compass Pennsylvania, LLC
20210816 Unit 3
08/16/2021
3
2 Bed
3 Bath
1490 ft²
$379,000
bedrooms
2 Bed
bathrooms
3 Bath
square feet
1490 ft²
-
-
-
Keith Adams
Compass Pennsylvania, LLC
20210629 Unit 5
06/29/2021
5
2 Bed
3 Bath
1800 ft²
$450,000
bedrooms
2 Bed
bathrooms
3 Bath
square feet
1800 ft²
-
-
-
Keith Adams
Compass Pennsylvania, LLC
20210602 Unit 4
06/02/2021
4
2 Bed
3 Bath
1800 ft²
$415,000
bedrooms
2 Bed
bathrooms
3 Bath
square feet
1800 ft²
-
-
-
Keith Adams
Compass Pennsylvania, LLC
20191122
11/22/2019
Studio
-
3880 ft²
$625,000
bedrooms
Studio
bathrooms
-
square feet
3880 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Triplex
  • Exterior Walls Type: Brick
  • Floor Count: 3
  • Living Units: 5
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Open
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,512
  • Lot Size Depth Feet: 1,005
  • Lot Size Frontage Feet: 250
  • Total Building Area: 3,880
  • Gross Building Area: 3,880
  • Building Area: 3,880
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 3,880
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FRANKLLN STREET CONDOMINIUM ASSOCIATION
  • Land Acres: 0.058
  • Standard Land Use Code: Apartments (generic)
  • State Land Use Code: Townhouse (residential)
  • Legal Description 1: 118' N THOMPSON

Ownership

  • Current Owner : MOLINA ARIAN
  • Current Owner 2: TONIENTE DAYESI
  • Previous Owner : 1316-18 N FRANKLIN STREET LLC
  • Owner Before Previous Owner: 1316-18 NORTH FRANKLIN STREET LLC
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 014100

Zoning

  • Zoning: RM1

Geography

  • Assessors Map Reference: 10N9 31
  • District: WARD #14
  • Parcel: 14-1-0717-10
  • Latitude: 39.9723
  • Longitude: -75.1488

    Address

  • Full Address: 1316 N Franklin St
  • Address - House Number: 1316
  • Street Direction: N
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C012
  • 4-Digit Zip Code: 4654
  • Zip Code: 19122

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,327
  • Intital Tax Deliquent Year: 2021

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $308,750
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 13, 2022
  • First Open Lien Mortgage Loan Amount: $308,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $666,300
  • Market Land Value: $133,260
  • Market Improvement Value: $533,040

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $666,300
  • Assessed Land Value: $133,260
  • Assessed Improvements Value: $533,040

    Sales

  • Current Sale Contract Date: Jun 01, 2022
  • Current Sale Recording Date: Jul 13, 2022
  • Current Sale Transaction ID: 11892242141
  • Current Sale Price: $325,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 54069981
  • Previous Sale Recording Date: Feb 16, 2022
  • Previous Sale Contract Date: Jul 02, 2021
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 13, 2022
  • First Mortgage Loan Amount: $308,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: METRO CITY BANK
  • Previous Mortgage Transaction Date: Feb 16, 2022
  • Previous Mortgage Loan Amount: $200,000
  • Previous Mortgage Term: 173
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2036

About North Philadelphia



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Frequently Asked Questions

What neighborhood is 1316 North Franklin Street located in?
The 1316 North Franklin Street is a multifamily located in the neighborhood of North Philadelphia East in North Philadelphia, Philadelphia.
How many listings are currently for sale in 1316 North Franklin Street?
There is one unit for sale right now.
What is the average sales price for listings in 1316 North Franklin Street?
The average sales price for units in 1316 North Franklin Street is $393,000 , or $264/sqft. currently.

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