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2640 Mercer Street

2640 Mercer Street, Philadelphia, PA 19125
Property in Kensington
Sold Feb 07, 2014
$95,000
$82,163 by Evesham Mortgage Llc
Mortgage Due Feb 01, 2044
Sold Aug 10, 1994
$47,500
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The property has no active listings. Please see other similar options below.
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Unit for sale at 2664 MERCER ST, PHILADELPHIA, PA 19125

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2640 Mercer Street 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 1925 and is 99 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 2640 Mercer Street has 1,062 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 680 ft and across the front of the lot is 140 ft. The area measurement of the land has been determined as 917 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a custom 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 fair. 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, 2640 Mercer Street sold most recently in Jan 31, 2014 for a total of $95,000. If you work out the math, that's approximately a cost of $89.45 per sqft. Before that, the property was also sold for $47,500 in Jul 29, 1994. 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 $2,665 in taxes each year. 2640 Mercer Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $190,400. If we break it down further, the land itself was valued at $38,080. Improvements to the property, however, were assessed at a total of $152,320. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Construction Type: Masonry
  • Building Style: Custom
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 917
  • Lot Size Depth Feet: 680
  • Lot Size Frontage Feet: 140
  • Total Building Area: 1,062
  • Gross Building Area: 1,062
  • Building Area: 1,062
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,062
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RICHMOND
  • Land Acres: 0.021
  • Standard Land Use Code: Townhouse (residential)
  • County Land Use Code: Easement (misc.)
  • State Land Use Code: Single family residential
  • Legal Description 1: 1206 NE ALBERT

Ownership

  • Current Owner : PARKS MICHAEL
  • Current Owner 2: FAHY GWYNNE
  • Previous Owner : SITEK PATRICK
  • Owner Before Previous Owner: GALLAGHER JOHN W
  • Owner Before Previous Owner 2: GALLAGHER MARYANNE T
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 037800

Zoning

  • Zoning: RSA5

Geography

  • Assessors Map Reference: 020N090302
  • Account Number: 096600
  • District: WARD #31
  • Parcel: 31-2096600
  • Block: 20N9
  • Lot: 302
  • Municipality: PHILADELPHIA
  • Latitude: 39.9784
  • Longitude: -75.1166

    Address

  • Full Address: 2640 Mercer St
  • Address - House Number: 2640
  • Address - Street Name: Mercer
  • Address - Suffix Type: St
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C020
  • 4-Digit Zip Code: 3816
  • Zip Code: 19125

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,665
  • Tax Rate Code Area: 31

    Appraisal Valuation

  • Standard Deviation: 0.4423
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 11
  • Final Value: 398,686
  • High Value: 575,028
  • Low Value: 222,343

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $82,163
  • First Open Lien Mortgage Lender: EVESHAM MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Feb 07, 2014
  • First Open Lien Mortgage Loan Amount: $82,163
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2044

    Market Valuation

  • Market Total Value: $190,400
  • Market Land Value: $38,080
  • Market Improvement Value: $152,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,400
  • Assessed Land Value: $38,080
  • Assessed Improvements Value: $152,320

    Sales

  • Current Sale Contract Date: Jan 31, 2014
  • Current Sale Recording Date: Feb 07, 2014
  • Current Sale Transaction ID: 1150109181
  • Current Sale Price: $95,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 52747835
  • Previous Sale Recording Date: Aug 10, 1994
  • Previous Sale Contract Date: Jul 29, 1994
  • Previous Sale Amount: $47,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVESHAM MORTGAGE LLC
  • First Mortgage Transaction Date: Feb 07, 2014
  • First Mortgage Loan Amount: $82,163
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2044

About North Philadelphia



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Frequently Asked Questions

What neighborhood is 2640 Mercer Street located in?
The 2640 Mercer Street is a located in the neighborhood of Kensington in North Philadelphia, Philadelphia.
What is the average sales price for listings in 2640 Mercer Street?
The average sales price for units in 2640 Mercer Street is $0 currently.

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