2401 Frankford Avenue

2401 Frankford Avenue 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 2021 and is 3 years old. In addition, 2401 Frankford Avenue has 14,585 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 adobe control joints. 2401 Frankford Avenue was last assessed in 2023. The total value of the property was assessed at $2,550,700. Specifically, the land the property is located on was valued at $255,070. While improvements on the property were assessed at a total of $2,295,630. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $5,579. 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.