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302 South 2nd Street

302 South 2nd Street, Philadelphia, PA 19106
Property in Center City East
Sold Jun 09, 2021
$1,200,000
$1,243,200 by Atlantic Coast Mortgage
Mortgage Due Jun 01, 2051
Sold Feb 06, 2013
$722,500
$578,000 by Trident Mortgage Company Lp
Mortgage Due Feb 01, 2043
Local assessors in Philadelphia, PA have categorized 302 South 2nd Street as a residential type of property. The home was built in 1800 and is 224 years old. The property's lot size has been calculated to be 1,488 square feet. The linear feet between the front and back of the lot was measured at 920 ft and the front of the lot was measured at 160 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 4 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 302 South 2nd Street has a total of 2,849 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a hot water heating system is the primary heating source and it is being fueled with gas. The property was last sold in May 4, 2021 for $1,200,000. That's $421.20 per sqft. Prior to that sales transaction, the property was also sold in Jan 25, 2013 for $722,500. 302 South 2nd Street was last assessed in 2023. The total value of the property was assessed at $1,199,800. Specifically, the land the property is located on was valued at $239,900. While improvements on the property were assessed at a total of $959,900. 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 $16,795. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1800
  • Effective Year Built: 1800
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Masonry
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Floor Count: 4
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,488
  • Lot Size Depth Feet: 920
  • Lot Size Frontage Feet: 160
  • Total Building Area: 2,849
  • Gross Building Area: 2,849
  • Building Area: 2,849
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 2,849
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: REDEVELOPMENT AUTHORITY
  • Land Acres: 0.034
  • Standard Land Use Code: Townhouse (residential)
  • County Land Use Code: Right-of-way (not rail, road, or utility)
  • State Land Use Code: Single family residential
  • Legal Description 1: 166 S SPRUCE ST

Ownership

  • Current Owner : CHERRY MARK
  • Current Owner 2: CHERRY JENNIFER H
  • Previous Owner : BRADY RONALD R
  • Previous Owner 2: BRADY LUANN
  • Owner Before Previous Owner: HAMEL BERNARD B
  • Owner Before Previous Owner 2: HAMEL BERNIEC T
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 001002

Zoning

  • Zoning: RSA5

Geography

  • Assessors Map Reference: 003S050303
  • Account Number: 037900
  • District: WARD #05
  • Parcel: 05-1037900
  • Block: 3S5
  • Lot: 27
  • Municipality: PHILADELPHIA
  • Latitude: 39.9444
  • Longitude: -75.1452

    Address

  • Full Address: 302 S 2nd St
  • Address - House Number: 302
  • Street Direction: S
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C025
  • 4-Digit Zip Code: 4302
  • Zip Code: 19106

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,795
  • Tax Rate Code Area: 5

    Appraisal Valuation

  • Standard Deviation: 0.2191
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 1,326,330
  • High Value: 1,616,961
  • Low Value: 1,035,700

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,243,200
  • First Open Lien Mortgage Lender: ATLANTIC COAST MORTGAGE
  • First Open Lien Mortgage Recording Date: Jun 09, 2021
  • First Open Lien Mortgage Loan Amount: $1,243,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $1,199,800
  • Market Land Value: $239,900
  • Market Improvement Value: $959,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,199,800
  • Assessed Land Value: $239,900
  • Assessed Improvements Value: $959,900

    Sales

  • Current Sale Contract Date: May 04, 2021
  • Current Sale Recording Date: Jun 09, 2021
  • Current Sale Transaction ID: 11840688358
  • Current Sale Price: $1,200,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 53844163
  • Previous Sale Recording Date: Feb 06, 2013
  • Previous Sale Contract Date: Jan 25, 2013
  • Previous Sale Amount: $722,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC COAST MORTGAGE
  • First Mortgage Transaction Date: Jun 09, 2021
  • First Mortgage Loan Amount: $1,243,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: TRIDENT MORTGAGE COMPANY LP
  • Previous Mortgage Transaction Date: Feb 06, 2013
  • Previous Mortgage Loan Amount: $578,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2043

About Center City



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,650 /mo

  • 2 Beds
  • 1 Bath
Listing by Manager

Frequently Asked Questions

What neighborhood is 302 South 2nd Street located in?
The 302 South 2nd Street is a located in the neighborhood of Center City East in Center City, Philadelphia.
What is the average sales price for listings in 302 South 2nd Street?
The average sales price for units in 302 South 2nd Street is $0 currently.

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