2602 West Montgomery Avenue

2602 West Montgomery 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 1915 and is 109 years old. The building has a total of 3 stories. In addition, 2602 West Montgomery Avenue has 1,951 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 700 ft and across the front of the lot is 160 ft. The area measurement of the land has been determined as 1,143 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex 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. 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, 2602 West Montgomery Avenue sold most recently in May 3, 2023 for a total of $188,175. If you work out the math, that's approximately a cost of $96.45 per sqft. Before that, the property was also sold for $3,750 in Aug 1, 2016. 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 $3,750 in taxes each year. The initial year of tax delinquency occurred in 2016. 2602 West Montgomery Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $267,900. If we break it down further, the land itself was valued at $53,500. Improvements to the property, however, were assessed at a total of $214,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.