1918 East Somerset Street

1918 East Somerset 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 1910 and is 114 years old. The home has a total of 6 rooms. 3 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, 1918 East Somerset Street has 984 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 540 ft and across the front of the lot is 140 ft. The area measurement of the land has been determined as 753 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 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. The exterior walls of the building are made of brick. In terms of heating, it is utilizing a heating 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, 1918 East Somerset Street was last sold in Nov 17, 2017 for $27,250. According to our calculations, that's $27.69 per sqft. Prior to that sales transaction, the property was sold for $20,000 in Sep 15, 2017. Current property owners are expected to pay $648 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 1918 East Somerset Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $46,300. To break that down further, the land itself was valued at $9,260. While improvements to the property were assessed at a total of $37,040. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!