1516 West Diamond Street

1516 West Diamond 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 2013 and is 11 years old. The home has a total of 14 bedrooms. Residents will have access to 7 full bathrooms. There are 7 partial bathrooms in the home. The building has a total of 3 stories. In addition, 1516 West Diamond Street has 3,942 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 1,000 ft and across the front of the lot is 180 ft. The area measurement of the land has been determined as 1,800 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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. Moving on to the building itself. The condition of the building has been evaluated as unknown. 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 inside of the home is being cooled with central air conditioning at the moment. 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, 1516 West Diamond Street sold most recently in May 14, 2018 for a total of $1,750,000. If you work out the math, that's approximately a cost of $443.94 per sqft. Before that, the property was also sold for $1,465,000 in Aug 4, 2015. 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 $1,274 in taxes each year. The initial year of tax delinquency occurred in 2021. 1516 West Diamond Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $569,000. If we break it down further, the land itself was valued at $91,000. Improvements to the property, however, were assessed at a total of $478,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.