21 South 56th Street

Local assessors in Philadelphia, PA have categorized 21 South 56th Street as a vacant type of property. The property's lot size has been calculated to be 1,088 square feet. The linear feet between the front and back of the lot was measured at 680 ft and the front of the lot was measured at 160 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 21 South 56th Street has a total of 1,280 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Lots of brick were used in the construction of the exterior walls of the home. 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, 21 South 56th Street sold most recently in Sep 20, 2018 for a total of $30,000. If you work out the math, that's approximately a cost of $23.44 per sqft. Before that, the property was also sold for $3,700 in Jul 12, 2017. 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 $188 in taxes each year. 21 South 56th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $13,400. If we break it down further, the land itself was valued at $13,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.