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327 North Preston Street

327 North Preston Street, Philadelphia, PA 19104
Multifamily in West Powelton
1 Units For Sale
Unit for sale at 327 N PRESTON STREET, PHILADELPHIA, PA 19104

$525,000

  • Studio
  • 2,732 ft²
327 N PRESTON STREET, PHILADELPHIA, PA 19104 Listing by Michael Phillips

327 North Preston 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 home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. The building has a total of 3 stories. In addition, 327 North Preston Street has 1,980 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 1,000 ft and across the front of the lot is 160 ft. The area measurement of the land has been determined as 1,600 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 good. 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. 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, 327 North Preston Street sold most recently in Aug 9, 2018 for a total of $275,000. If you work out the math, that's approximately a cost of $138.89 per sqft. Before that, the property was also sold for $350,000 in Dec 18, 2009. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $5,637 in taxes each year. 327 North Preston Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $402,700. If we break it down further, the land itself was valued at $80,540. Improvements to the property, however, were assessed at a total of $322,160. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.

Building Features

Exterior

Brick Exterior
Masonry Exterior
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190822
08/22/2019
Studio
-
2330 ft²
$465,000
bedrooms
Studio
bathrooms
-
square feet
2330 ft²
-
-
-
-
20190213
02/13/2019
Studio
-
2330 ft²
$479,900
bedrooms
Studio
bathrooms
-
square feet
2330 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Building Condition: Good
  • Construction Type: Masonry
  • Building Style: Triplex
  • Exterior Walls Type: Brick
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,600
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 160
  • Total Building Area: 1,980
  • Gross Building Area: 1,980
  • Building Area: 1,980
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,980
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.037
  • Standard Land Use Code: Townhouse (residential)
  • County Land Use Code: Common area (misc.)
  • State Land Use Code: Townhouse (residential)
  • Legal Description 1: 2097 1/8 N OF

Ownership

  • Current Owner : AREP LLC
  • Previous Owner : TRAVAGLINE ANGELA
  • Owner Before Previous Owner: PENN INVESTMENT PROPERTIES LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 009200

Zoning

  • Zoning: RSA5

Geography

  • Assessors Map Reference: 056N160135
  • Account Number: 182400
  • District: WARD #06
  • Parcel: 06-1182400
  • Block: 56N16
  • Lot: 135
  • Municipality: PHILADELPHIA
  • Latitude: 39.9598
  • Longitude: -75.2034

    Address

  • Full Address: 327 N Preston St
  • Address - House Number: 327
  • Street Direction: N
  • Address - Street Name: Preston
  • Address - Suffix Type: St
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C052
  • 4-Digit Zip Code: 5591
  • Zip Code: 19104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,637
  • Tax Rate Code Area: 6

    Appraisal Valuation

  • Standard Deviation: 0.1219
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 86
  • Final Value: 475,173
  • High Value: 533,127
  • Low Value: 417,219

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $352,000
  • First Open Lien Mortgage Lender: 1ST COLONIAL COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Oct 22, 2019
  • First Open Lien Mortgage Loan Amount: $352,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $402,700
  • Market Land Value: $80,540
  • Market Improvement Value: $322,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $402,700
  • Assessed Land Value: $80,540
  • Assessed Improvements Value: $322,160

    Sales

  • Current Sale Contract Date: Aug 09, 2018
  • Current Sale Recording Date: Aug 27, 2018
  • Current Sale Transaction ID: 11501849755
  • Current Sale Price: $275,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 53409506
  • Previous Sale Recording Date: Dec 29, 2009
  • Previous Sale Contract Date: Dec 18, 2009
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: TD BANK NA
  • Previous Mortgage Transaction Date: Dec 29, 2009
  • Previous Mortgage Loan Amount: $280,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 01, 2040

About West Philadelphia



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Frequently Asked Questions

What neighborhood is 327 North Preston Street located in?
The 327 North Preston Street is a multifamily located in the neighborhood of West Powelton in West Philadelphia, Philadelphia.
How many listings are currently for sale in 327 North Preston Street?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 327 North Preston Street?
The average sales price for units in 327 North Preston Street is $525,000 , or $192/sqft. currently.

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