See Home Value
$449,000
Land - Off Market

2020-22 N 22ND ST

PHILADELPHIA, PA 19121
bedrooms
Studio
bathrooms
0 Bath
$472,786
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Development Opportunity! Huge 55.5 x 100 lot zoned RM-1 for sale in North Philadelphia. This oversized lot has a total square footage of 5,550 sqft and is delivered with APPROVED Plans & Permits! The approved commercial building permit allows for the erection of a 3-story attached structure with a roof deck/pilot house, and multi-family residential living of 15 apartment units!  All units will have their own out door space, as well as a private roof deck, yard, or deck. This building was value engineered well to not require an elevator which will be a substantial cost in savings! Located on a quiet block in an area already seeing substantial development and commercial opportunities. Drive by and see for yourself! The developer has been able to achieve $1500 per month for 1 bedroom apartments a few blocks south on the 1700 Block of N 22nd St, so this will be a great addition to an investor portfolio. Within close proximity to Temple University, Sharswood & Brewerytown neighborhoods, and easy access to major commute routes. Seller strongly prefers to use Alpha Abstract for title as the title has already been ordered. Contact the listing agent for more details.
Unit Size
-
Days on Market
21 days
Land Size
0.06 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2022
Last updated: 8 months ago (Bright MLS #PAPH2066908)

Price History

Date / Event Date Event Price
Aug 3, 2022 No longer available -
No longer available
Feb 3, 2022 Sold $449,000
Sold
Jan 15, 2022 In contract -
In contract
Jan 13, 2022 Listed by Keller Williams Philly $449,000
Listed by Keller Williams Philly
Jun 30, 2021 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Brick
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 550
  • Total Building Area: 10,120
  • Gross Building Area: 10,120
  • Building Area: 10,120
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 10,120
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.126
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: 2776N OF NORRIS ST

Ownership

  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 014800

Zoning

  • Zoning: RM1

Geography

  • Assessors Map Reference: 028N070179
  • Account Number: 000196
  • District: WARD #32
  • Parcel: 88-1000196
  • Block: 28N7
  • Lot: 179
  • Municipality: PHILADELPHIA
  • Latitude: 39.9858
  • Longitude: -75.17

    Address

  • Full Address: 2020 N 22nd St
  • Address - House Number: 2020
  • Street Direction: N
  • Address - Street Name: 22nd
  • Address - Suffix Type: St
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C025
  • 4-Digit Zip Code: 1463
  • Zip Code: 19121

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,222
  • Tax Rate Code Area: 32

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 3,298,725
  • High Value: 4,799,015
  • Low Value: 1,798,434

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,977,250
  • First Open Lien Mortgage Lender: COLUMBIA BANK
  • First Open Lien Mortgage Recording Date: Sep 28, 2023
  • First Open Lien Mortgage Loan Amount: $2,037,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Lender: LAVA FUNDING LLC
  • Second Open Lien Mortgage Recording Date: Sep 28, 2023
  • Second Open Lien Mortgage Loan Amount: $940,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2

    Market Valuation

  • Market Total Value: $2,030,800
  • Market Land Value: $203,080
  • Market Improvement Value: $1,827,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,030,800
  • Assessed Land Value: $203,080
  • Assessed Improvements Value: $1,827,720



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$450,000 Oct 25, 2022
$450,000 May 4, 2023
-
Townhouse
4 Beds
3 Baths
1,961 ft²
$203/ft²
$399,000 Jan 28, 2019
$399,000 Apr 23, 2019
-
Townhouse
4 Beds
3 Baths
-
$435,000 Feb 17, 2020
$435,000 Mar 31, 2020
-
Townhouse
4 Beds
2 Baths
1,533 ft²
$287/ft²
$440,000 Jan 18, 2013
$440,000 May 31, 2013
-
Townhouse
3 Beds
4 Baths
2,632 ft²
$176/ft²
$462,500 Mar 3, 2020
$462,500 Apr 17, 2020
-
Townhouse
4 Beds
3 Baths
2,100 ft²
$219/ft²
$460,000 Feb 25, 2020
$460,000 Jan 29, 2021
-
Land
Loft
-
-
$472,500 Jan 26, 2023
-
-
Land
Loft
-
-
$403,000 Jun 5, 2023
-
-
Commercial
Loft
-
-
$460,000 Nov 11, 2022
-
$184/mo
Commercial
Loft
-
-
$390,000 Nov 18, 2022
-
$289/mo
Multifamily
Stu
-
1,804 ft²
$243/ft²
$439,000 Jul 24, 2023
-
$513/mo
Multifamily
Stu
-
3,348 ft²
$131/ft²
$439,000 May 23, 2023
-
$641/mo

About North Philadelphia


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Frequently Asked Questions

When was property at 2020 North 22nd Street built and last sold?
The property at 2020 North 22nd Street was built in 2022 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2020 North 22nd Street is $453,490.
What are some comparable homes to 2020 North 22nd Street?
There are currently no comparable homes to 2020 North 22nd Street.

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