See Home Value
$119,000
Land - Off Market

2951 FRANKFORD AVE

PHILADELPHIA, PA 19134
bedrooms
Studio
bathrooms
0 Bath
$118,258
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Developer Alert! Shovel-ready mixed-use development opportunity on Frankford Avenue - situated between two rapidly developing Philadelphia neighborhoods: Port Richmond and Kensington. Delivered with the FULL 10-Year Tax Abatement! Plans approved for a four story, 3 unit building comprised of one commercial ground floor unit plus two spacious 2 Bed 2 Bath apartments above and a roof deck! Excellent location on a bustling Frankford Ave commercial corridor, walking distance from the luxury residences at Kensington Courts on Lehigh Ave.  Full document set including permits, plans and proforma available upon request. Drive by today!
Unit Size
-
Days on Market
-
Land Size
0.03 acres
Price per sqft
-
Property Type
Land
Property Taxes
$185
HOA Dues
-
Year Built
-
Last updated: 8 months ago (Bright MLS #PAPH2215452)

Price History

Date / Event Date Event Price
Sep 24, 2023 No longer available -
No longer available
Aug 10, 2023 Price Decreased $119,000
↓ $29K (19.3%)
Price Decreased
Apr 11, 2023 Price Decreased $147,499
↓ $3K (1.7%)
Price Decreased
Mar 21, 2023 Listed by Select Commercial Advisors $149,999
Listed by Select Commercial Advisors
Jun 30, 2022 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: 1,406
  • Lot Size Depth Feet: 820
  • Lot Size Frontage Feet: 170
  • 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: 0.032
  • Standard Land Use Code: Commercial-vacant land
  • Legal Description 1: 90 N BIRCH ST

Ownership

  • Current Owner : 2951 FRANKFORD AVE LLC
  • Previous Owner : MATAG VENTURES LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 017800

Zoning

  • Zoning: CMX2

Geography

  • Assessors Map Reference: 021N220028
  • Account Number: 326700
  • District: WARD #25
  • Parcel: 88-5326700
  • Block: 21N22
  • Lot: 28
  • Municipality: PHILADELPHIA
  • Latitude: 39.9901
  • Longitude: -75.1162

    Address

  • Full Address: 2951 Frankford Ave
  • Address - House Number: 2951
  • Address - Street Name: Frankford
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C038
  • 4-Digit Zip Code: 3619
  • Zip Code: 19134

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,221
  • Tax Rate Code Area: 25

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $50,000
  • First Open Lien Mortgage Lender: IFP FUND I LLC
  • First Open Lien Mortgage Recording Date: Apr 28, 2021
  • First Open Lien Mortgage Loan Amount: $50,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $158,700
  • Market Land Value: $158,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $158,700
  • Assessed Land Value: $158,700

    Sales

  • Current Sale Contract Date: Mar 03, 2021
  • Current Sale Recording Date: Apr 28, 2021
  • Current Sale Transaction ID: 11835416945
  • Current Sale Price: $85,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 53823361

    Last Sale Mortgage

  • First Mortgage Lender: IFP FUND I LLC
  • First Mortgage Transaction Date: Apr 28, 2021
  • First Mortgage Loan Amount: $50,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
3 Beds
2 Baths
-
$146,700 Feb 8, 2013
$146,700 Jul 30, 2013
-
Townhouse
3 Beds
1 Bath
-
$135,000 Jan 5, 2023
$135,000 Mar 15, 2023
-
Townhouse
3 Beds
1 Bath
-
$141,000 Apr 28, 2022
$141,000 Jun 9, 2022
-
Townhouse
3 Beds
2 Baths
-
$146,000 Apr 24, 2017
$146,000 Jun 23, 2017
-
Townhouse
2 Beds
1 Bath
-
$145,000 Nov 13, 2020
$145,000 Nov 1, 2021
-
Townhouse
3 Beds
2 Baths
-
$139,900 Jan 25, 2023
$139,900 Mar 17, 2023
-
Land
Loft
-
-
$160,000 Apr 11, 2022
-
-
Land
Loft
-
-
$120,000 Feb 9, 2022
-
-
Townhouse
3 Beds
1 Bath
-
$150,000 Apr 14, 2023
-
-
Townhouse
3 Beds
1 Bath
-
$145,000 Aug 1, 2022
-
-
Townhouse
2 Beds
1 Bath
-
$139,000 Aug 1, 2022
-
-
Townhouse
3 Beds
2 Baths
-
$140,000 Mar 19, 2023
-
-

About North Philadelphia


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Frequently Asked Questions

When was property at 2951 Frankford Avenue built and last sold?
The property at 2951 Frankford Avenue was built in and last sold on Mar 3, 2021 for $85,000.
How much is this home worth?
The estimated value of the home located at 2951 Frankford Avenue is $151,499.
What are some comparable homes to 2951 Frankford Avenue?
Homes that are comparable to 2951 Frankford Avenue include a land property at 2918 Frankford Avenue, 2022 East Stella Street, 1911 Hart Lane.

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