2650 East Somerset Street

2650 East Somerset 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 1915 and is 109 years old. The building has a total of 3 stories. In addition, 2650 East Somerset Street has 2,250 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 650 ft and across the front of the lot is 170 ft. The area measurement of the land has been determined as 1,126 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a triplex 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. In terms of heating, it is utilizing a heating system. The property was last sold in Jul 14, 2023 for $610,000. That's $271.11 per sqft. Prior to that sales transaction, the property was also sold in Jun 18, 2003 for $160,000. 2650 East Somerset Street was last assessed in 2023. The total value of the property was assessed at $268,600. Specifically, the land the property is located on was valued at $53,720. While improvements on the property were assessed at a total of $214,880. 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 $3,760. The initial tax year of delinquency was in 2021. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!