2653 North Reese Street

2653 North Reese 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 1920 and is 104 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2653 North Reese Street has 880 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 530 ft and across the front of the lot is 170 ft. The area measurement of the land has been determined as 895 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 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. In terms of heating, it is utilizing a heating system. Finally, the property is currently sourcing its water from a water system. 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, 2653 North Reese Street sold most recently in Sep 30, 2002 for a total of $30,000. If you work out the math, that's approximately a cost of $34.09 per sqft. Before that, the property was also sold for $14,000 in Oct 23, 2001. 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 $167 in taxes each year. 2653 North Reese Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $41,300. If we break it down further, the land itself was valued at $8,200. Improvements to the property, however, were assessed at a total of $33,100. 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!