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1616 Chesapeake Place

1616 Chesapeake Place, Philadelphia, PA 19122
Sold Sep 18, 1979
$35,000
$210,000 by General Mortgage Corp
Mortgage
1616 Chesapeake Place in Philadelphia, PA was first built in 1920 and is 104 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. There are a total of 2 floors. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 1616 Chesapeake Place has 1,600 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 200 ft and the linear feet between the front and back of the lot is 900. In total, the area measurement of the land is 1,800 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage underground or in the basement. There is one available parking space. 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. 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, 1616 Chesapeake Place sold most recently in Sep 18, 1979 for a total of $35,000. If you work out the math, that's approximately a cost of $21.88 per sqft. 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 $1,295 in taxes each year. The initial year of tax delinquency occurred in 2021. 1616 Chesapeake Place was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $268,800. If we break it down further, the land itself was valued at $53,700. Improvements to the property, however, were assessed at a total of $215,100. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Masonry
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,800
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 200
  • Total Building Area: 1,600
  • Gross Building Area: 1,600
  • Building Area: 1,600
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,600
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.041
  • Standard Land Use Code: Townhouse (residential)
  • County Land Use Code: Homestead (misc.)
  • State Land Use Code: Single family residential
  • Legal Description 1: 1646 N OXFORD ST

Ownership

  • Current Owner : BRUCE GORDON
  • Current Owner 2: BRUCE ESTHER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 014600

Zoning

  • Zoning: RSA5

Geography

  • Assessors Map Reference: 013N030286
  • Account Number: 192900
  • District: WARD #20
  • Parcel: 20-2192900
  • Block: 13N3
  • Lot: 286
  • Municipality: PHILADELPHIA
  • Latitude: 39.977
  • Longitude: -75.1521

    Address

  • Full Address: 1616 Chesapeake Pl
  • Address - House Number: 1616
  • Address - Street Name: Chesapeake
  • Address - Suffix Type: Pl
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C012
  • 4-Digit Zip Code: 2704
  • Zip Code: 19122

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,295
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 20

    Appraisal Valuation

  • Standard Deviation: 0.4423
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 11
  • Final Value: 526,619
  • High Value: 759,547
  • Low Value: 293,690

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $210,000
  • First Open Lien Mortgage Lender: GENERAL MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Dec 08, 2011
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $210,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)

    Market Valuation

  • Market Total Value: $268,800
  • Market Land Value: $53,700
  • Market Improvement Value: $215,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $268,800
  • Assessed Land Value: $53,700
  • Assessed Improvements Value: $215,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 18, 1979
  • Current Sale Recording Date: Sep 18, 1979
  • Current Sale Transaction ID: 1730290704
  • Current Sale Price: $35,000
  • Current Sale Document Type: Deed

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Frequently Asked Questions

What neighborhood is 1616 Chesapeake Place located in?
The 1616 Chesapeake Place is a located in the neighborhood of North Philadelphia East in North Philadelphia, Philadelphia.
What is the average sales price for listings in 1616 Chesapeake Place?
The average sales price for units in 1616 Chesapeake Place is $0 currently.

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