1816 East Madison Street

1816 East Madison 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 1925 and is 99 years old. The home has a total of 4 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 1816 East Madison Street has 753 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 640 ft and across the front of the lot is 120 ft. The area measurement of the land has been determined as 778 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a custom 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 poor. 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. 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, 1816 East Madison Street was last sold in Mar 4, 2020 for $32,000. According to our calculations, that's $42.50 per sqft. Prior to that sales transaction, the property was sold for $32,000 in Dec 23, 2019. Current property owners are expected to pay $876 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 1816 East Madison Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $62,600. To break that down further, the land itself was valued at $12,520. While improvements to the property were assessed at a total of $50,080. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.