See Home Value
$112,500
Land - Off Market

2623 REED ST

PHILADELPHIA, PA 19146
bedrooms
Studio
bathrooms
0 Bath
$111,798
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Great development opportunity in an ideal location of Grays Ferry, close to Point Breeze and Graduate hospital.  This location is less than one block from a community garden. Also available as a package deal with 2625 Reed St. There are multiple new construction homes within blocks sold and selling for north of $525K, this property is ready for a savvy investor to develop a great home, with large yard, and plenty of options for designs and layout. The size of this lot is much larger than the others that sold for over $525K.  With the adjacent lot also for sale by the same Seller, economies of sale can help decrease costs to build, and help increase ARV. Projected return  is approximately 24%.
Unit Size
-
Days on Market
-
Land Size
0.02 acres
Price per sqft
-
Property Type
Land
Property Taxes
$138
HOA Dues
-
Year Built
-
Last updated: 9 months ago (Bright MLS #PAPH2198532)

Price History

Date / Event Date Event Price
Sep 3, 2023 No longer available -
No longer available
Jan 30, 2023 Listed by RE/MAX Affiliates $112,500
Listed by RE/MAX Affiliates
Great development opportunity in an ideal location of Grays Ferry, close to Point Breeze and Graduate hospital. This location is less than one block from a community garden. Also available as a package deal with 2625 Reed St. There are multiple new construction homes within blocks sold and selling for north of $525K, this property is ready for a savvy investor to develop a great home, with large yard, and plenty of options for designs and layout. The size of this lot is much larger than…
Jul 1, 2022 No longer available -
No longer available
Apr 18, 2022 Listed by Compass Pennsylvania, LLC $130,000
Listed by Compass Pennsylvania, LLC
Nov 23, 2021 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 970
  • Lot Size Depth Feet: 640
  • Lot Size Frontage Feet: 150
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Land Acres: 0.022
  • Standard Land Use Code: Recreational-vacant land
  • Legal Description 1: 167 8 W 26TH ST

Ownership

  • Current Owner : BHATLA NEEL
  • Previous Owner : LIT ELLEN
  • Previous Owner 2: LIT KENNETH
  • Owner Before Previous Owner: JEUNE MARIE
  • Owner Before Previous Owner 2: ESTATE OF JEAN MARIE ALLEND CY
  • Ownership Rights Codes: Sole Owner

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 003200

Zoning

  • Zoning: RSA5

Geography

  • Assessors Map Reference: 010S060297
  • Account Number: 112100
  • District: WARD #36
  • Parcel: 36-2112100
  • Block: 10S6
  • Lot: 297
  • Municipality: PHILADELPHIA
  • Latitude: 39.9357
  • Longitude: -75.1883

    Address

  • Full Address: 2623 Reed St
  • Address - House Number: 2623
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C007
  • 4-Digit Zip Code: 3803
  • Zip Code: 19146

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,653
  • Tax Rate Code Area: 36

    Market Valuation

  • Market Total Value: $118,100
  • Market Land Value: $118,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $118,100
  • Assessed Land Value: $118,100

    Sales

  • Current Sale Contract Date: Apr 15, 2015
  • Current Sale Recording Date: May 21, 2015
  • Current Sale Transaction ID: 1210642726
  • Current Sale Price: $27,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 52918211
  • Previous Sale Recording Date: Feb 06, 2008
  • Previous Sale Contract Date: Jan 14, 2008
  • Previous Sale Amount: $6,300
  • Previous Sale Document Type: Sheriff's Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$135,000 Oct 29, 2020
$135,000 Nov 20, 2020
-
Townhouse
2 Beds
1 Bath
-
$104,500 Oct 21, 2016
$104,500 Dec 29, 2016
-
Townhouse
2 Beds
1 Bath
-
$115,000 Jun 13, 2016
$115,000 Aug 30, 2016
-
Townhouse
3 Beds
1 Bath
-
$115,000 May 26, 2016
$115,000 Jul 15, 2016
-
Townhouse
3 Beds
1 Bath
-
$85,000 Feb 15, 2016
$85,000 May 20, 2016
-
Townhouse
2 Beds
1 Bath
-
$102,500 May 1, 2017
$102,500 Sep 8, 2017
-
Land
Loft
-
-
$112,500 Jan 30, 2023
-
-
Land
Loft
-
-
$109,900 Mar 26, 2023
-
-
Land
Loft
-
-
$119,000 Dec 28, 2022
-
-
Land
Loft
-
-
$119,000 Jul 31, 2022
-
-
Land
Loft
-
-
$120,000 Jan 16, 2023
-
-
Land
Loft
-
-
$125,000 Feb 27, 2023
-
-

About South Philadelphia


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Frequently Asked Questions

When was property at 2623 Reed Street built and last sold?
The property at 2623 Reed Street was built in and last sold on Apr 15, 2015 for $27,500.
How much is this home worth?
The estimated value of the home located at 2623 Reed Street is $113,625.
What are some comparable homes to 2623 Reed Street?
Homes that are comparable to 2623 Reed Street include a land property at 2625 Reed Street, 3004 Wharton Street, 2850 Tasker Street.

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