2502 Federal Street

Local assessors in Philadelphia, PA have categorized 2502 Federal Street as a residential type of property. The home was built in 1923 and is 101 years old. The property's lot size has been calculated to be 1,039 square feet. The linear feet between the front and back of the lot was measured at 640 ft and the front of the lot was measured at 160 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. 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. There is also a partial 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 2502 Federal Street has a total of 884 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. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Lots of brick were used in the construction of the exterior walls of the home. 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, 2502 Federal Street was last sold in Nov 1, 2023 for $140,000. According to our calculations, that's $158.37 per sqft. Prior to that sales transaction, the property was sold for $60,500 in Sep 29, 2008. Current property owners are expected to pay $1,867 in taxes per year. The property on 2502 Federal Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $133,400. To break that down further, the land itself was valued at $26,680. While improvements to the property were assessed at a total of $106,720. 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!