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327 West Wellens Avenue

327 West Wellens Avenue, Philadelphia, PA 19120
Property in Olney
Sold Aug 16, 2005
$74,500
$73,850 by Gateway Funding Diversified Mt
Mortgage Due Aug 01, 2035
Sold Dec 16, 2002
$51,100
$53,400 by Drew Demarco
Mortgage Due Mar 01, 2003
327 West Wellens Avenue 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 1900 and is 124 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 327 West Wellens Avenue has 1,036 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 650 ft and across the front of the lot is 140 ft. The area measurement of the land has been determined as 924 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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 fair. 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 alum/vinyl siding. 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 West Wellens Avenue sold most recently in Jul 5, 2005 for a total of $74,500. If you work out the math, that's approximately a cost of $71.91 per sqft. Before that, the property was also sold for $51,100 in Dec 3, 2002. 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 $1,267 in taxes each year. 327 West Wellens Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $90,500. If we break it down further, the land itself was valued at $18,100. Improvements to the property, however, were assessed at a total of $72,400. 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!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Construction Type: Masonry
  • Building Style: Townhouse
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 924
  • Lot Size Depth Feet: 650
  • Lot Size Frontage Feet: 140
  • Total Building Area: 1,036
  • Gross Building Area: 1,036
  • Building Area: 1,036
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,036
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.021
  • Standard Land Use Code: Townhouse (residential)
  • County Land Use Code: Common area (misc.)
  • State Land Use Code: Single family residential
  • Legal Description 1: 18610 W OF 3RD 0T

Ownership

  • Current Owner : ANDERSON WALTER
  • Previous Owner : VELEK JOSEPH
  • Previous Owner 2: VELEK MARGARET
  • Owner Before Previous Owner: DEMARCO DREW
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Sole Owner

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 028600

Zoning

  • Zoning: RSA5

Geography

  • Assessors Map Reference: 123N120084
  • Account Number: 237600
  • District: WARD #42
  • Parcel: 42-2237600
  • Block: 123N1
  • Lot: 84
  • Municipality: PHILADELPHIA
  • Latitude: 40.0312
  • Longitude: -75.1295

    Address

  • Full Address: 327 W Wellens Ave
  • Address - House Number: 327
  • Street Direction: W
  • Address - Street Name: Wellens
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C023
  • 4-Digit Zip Code: 3332
  • Zip Code: 19120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,267
  • Tax Rate Code Area: 42

    Appraisal Valuation

  • Standard Deviation: 0.4423
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 11
  • Final Value: 235,669
  • High Value: 339,907
  • Low Value: 131,430

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $73,850
  • First Open Lien Mortgage Lender: GATEWAY FUNDING DIVERSIFIED MT
  • First Open Lien Mortgage Recording Date: Aug 16, 2005
  • First Open Lien Mortgage Loan Amount: $73,850
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2035

    Market Valuation

  • Market Total Value: $90,500
  • Market Land Value: $18,100
  • Market Improvement Value: $72,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $90,500
  • Assessed Land Value: $18,100
  • Assessed Improvements Value: $72,400

    Sales

  • Current Sale Contract Date: Jul 05, 2005
  • Current Sale Recording Date: Aug 16, 2005
  • Current Sale Transaction ID: 1093965098
  • Current Sale Price: $74,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 51244733
  • Previous Sale Recording Date: Dec 16, 2002
  • Previous Sale Contract Date: Dec 03, 2002
  • Previous Sale Amount: $51,100
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GATEWAY FUNDING DIVERSIFIED MT
  • First Mortgage Transaction Date: Aug 16, 2005
  • First Mortgage Loan Amount: $73,850
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2035

    Previous Mortgages

  • Previous Mortgage Lender: DREW DEMARCO
  • Previous Mortgage Transaction Date: Dec 16, 2002
  • Previous Mortgage Loan Amount: $53,400
  • Previous Mortgage Term: 2
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Mar 01, 2003

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Frequently Asked Questions

What neighborhood is 327 West Wellens Avenue located in?
The 327 West Wellens Avenue is a located in the neighborhood of Olney in North Philadelphia, Philadelphia.
What is the average sales price for listings in 327 West Wellens Avenue?
The average sales price for units in 327 West Wellens Avenue is $0 currently.

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