See Home Value
$1,325,000
Land - Off Market

271 DELMAR ST

PHILADELPHIA, PA 19128
bedrooms
Studio
bathrooms
0 Bath
$1,101,844
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Attention all investors and developers! This is an incredible opportunity to own a prime piece of real estate sitting on over 18,000 square feet of land in Roxborough with full entitlements approved and plans in place to build 8 brand-new townhomes. Each townhome will be an impressive 2660 square feet, featuring 4 bedrooms, 3 bathrooms, front yards, a private drive isle in the rear to access garage parking, and rooftop decks, making them highly desirable to potential buyers.

The best part? These stunning homes will be worth $725-750,000 each, bringing in a total of $5.8-6.0 million once they are built based on recent sales in the area. And that's not all - the rear 10,000 square feet lot can be sold as a package deal, offering even more potential for profit. With an easement in place to use the drive aisle from 271 Delmar to access the land, you have the opportunity to build 6-7 additional homes with a variance or even one large single-family home.

Located in the highly sought-after Roxborough neighborhood of Philadelphia, this property offers an amazing location that can't be beaten. Known for its charming tree-lined streets, bustling local business district on Main Street and Ridge Ave, and close proximity to downtown Philly, Roxborough is one of the most desirable neighborhoods in the city. With easy access to major highways and Regional Rail just a few blocks down the street, you'll have everything you need right at your fingertips. And with an abundance of parks, hiking trails, and outdoor activities nearby, you'll always have things to do.

Don't miss out on this incredible opportunity to build your portfolio and maximize your returns. PLEASE CONTACT LISTING AGENT FOR APPROVED PLANS AND PROFORMA!
Unit Size
-
Days on Market
71 days
Land Size
0.66 acres
Price per sqft
-
Property Type
Land
Property Taxes
$419
HOA Dues
-
Year Built
1930
Last updated: 9 months ago (Bright MLS #PAPH2220074)

Price History

Date / Event Date Event Price
Jun 28, 2023 Sold $1,325,000
Sold
May 2, 2023 In contract -
In contract
Apr 13, 2023 Listed by Keller Williams Philly $1,100,000
Listed by Keller Williams Philly
Jan 19, 2023 Sold to Street Partners Llc Delmar $800,000
Sold to Street Partners Llc Delmar
May 14, 2021 Sold $800,000
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Construction Type: Masonry
  • Exterior Walls Type: Stucco
  • Floor Count: 3
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Open
  • Parking Space Count: 10

    Dimensions

  • Lot Size Square Feet: 28,706
  • Lot Size Depth Feet: 2,144
  • Lot Size Frontage Feet: 1,461
  • Total Building Area: 1,444
  • Building Area: 1,444
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 1,444
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.659
  • Standard Land Use Code: Single family residential
  • State Land Use Code: Single family residential
  • Legal Description 1: 124' W SILVERWOOD

Ownership

  • Current Owner : 271 DELMAR LLC
  • Previous Owner : DELMAR STREET PARTNERS LLC
  • Owner Before Previous Owner: DELMAR STREET PARTNERS LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 021500

Zoning

  • Zoning: RSA5

Geography

  • Assessors Map Reference: 093N190061
  • District: WARD #21
  • Parcel: 21-2-2967-10
  • Municipality: PHILADELPHIA
  • Latitude: 40.0358
  • Longitude: -75.2284

    Address

  • Full Address: 271 Delmar St
  • Address - House Number: 271
  • Address - Street Name: Delmar
  • Address - Suffix Type: St
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C047
  • 4-Digit Zip Code: 4502
  • Zip Code: 19128

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,031

    Appraisal Valuation

  • Standard Deviation: 0.2301
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 68
  • Final Value: 808,536
  • High Value: 994,613
  • Low Value: 622,458

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,260,000
  • First Open Lien Mortgage Lender: FTP LENDING LLC
  • First Open Lien Mortgage Recording Date: May 14, 2021
  • First Open Lien Mortgage Loan Amount: $2,260,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $359,400
  • Market Land Value: $71,880
  • Market Improvement Value: $287,520

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $359,400
  • Assessed Land Value: $71,880
  • Assessed Improvements Value: $287,520

    Sales

  • Current Sale Contract Date: Jun 23, 2023
  • Current Sale Recording Date: Jun 28, 2023
  • Current Sale Transaction ID: 11908986521
  • Current Sale Price: $1,325,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 54195953
  • Previous Sale Recording Date: Jan 19, 2023
  • Previous Sale Contract Date: Jan 10, 2023
  • Previous Sale Amount: $800,000
  • Previous Sale Document Type: Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
4 Beds
5 Baths
3,367 ft²
$350/ft²
$1,180,000 Feb 20, 2023
$1,180,000 Jun 15, 2023
-
Townhouse
4 Beds
4 Baths
3,190 ft²
$297/ft²
$949,000 Feb 16, 2023
$949,000 Apr 10, 2023
$215/mo
House
5 Beds
4 Baths
3,925 ft²
$296/ft²
$1,160,000 Oct 13, 2022
$1,160,000 Mar 31, 2023
-
Townhouse
5 Beds
5 Baths
-
$885,000 May 11, 2022
$885,000 May 31, 2023
$60/mo
House
4 Beds
4 Baths
5,500 ft²
$235/ft²
$1,295,000 Jun 17, 2022
$1,295,000 Sep 30, 2022
-
Townhouse
4 Beds
6 Baths
3,800 ft²
$276/ft²
$1,050,000 Jun 9, 2023
-
-
Townhouse
4 Beds
6 Baths
3,800 ft²
$276/ft²
$1,050,000 Jun 9, 2023
-
-
Townhouse
3 Beds
5 Baths
3,367 ft²
$350/ft²
$1,179,000 Jun 10, 2023
-
-
Townhouse
3 Beds
5 Baths
3,367 ft²
$356/ft²
$1,199,888 Apr 22, 2023
-
-
House
3 Beds
3 Baths
3,198 ft²
$406/ft²
$1,299,000 Apr 24, 2023
-
-
Townhouse
4 Beds
5 Baths
3,300 ft²
$267/ft²
$880,000 May 5, 2023
-
-

About Northwest Philadelphia


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Frequently Asked Questions

When was property at 271 Delmar Street built and last sold?
The property at 271 Delmar Street was built in 1930 and last sold on Jun 23, 2023 for $1,325,000.
How much is this home worth?
The estimated value of the home located at 271 Delmar Street is $1,111,000.
What are some comparable homes to 271 Delmar Street?
Homes that are comparable to 271 Delmar Street include a townhouse property at 427 Krams Avenue, 429 Krams Avenue, 4734 Cross Street.

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