Check Availability

422 North 40th Street

422 North 40th Street, Philadelphia, PA 19104
Multifamily in West Powelton
Sold Sep 17, 2019
$5,520,000
$3,864,000 by Orix Real Estate Capital Llc
Mortgage Due Oct 01, 2026
Sold Sep 17, 2019
$5,520,000
$3,864,000 by Orix Real Estate Capital Llc
Mortgage
Local assessors in Philadelphia, PA have categorized 422 North 40th Street as a residential type of property. The home was built in 2015 and is 9 years old. The property's lot size has been calculated to be 1,782 square feet. The linear feet between the front and back of the lot was measured at 900 ft and the front of the lot was measured at 200 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a modern style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 16 rooms in the home. Of these, 8 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. This is a 2 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 422 North 40th Street has a total of 4,204 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 937 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Moving onto specific details regarding the building. Our sources show that the building condition is unknown. 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 alum/vinyl siding 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 heating system is the primary heating source and it is being fueled with gas. The property was last sold in Aug 5, 2019 for $5,520,000. That's $1,313.04 per sqft. Prior to that sales transaction, the property was also sold in Sep 5, 2019 for $5,520,000. 422 North 40th Street was last assessed in 2023. The total value of the property was assessed at $893,700. Specifically, the land the property is located on was valued at $178,740. While improvements on the property were assessed at a total of $714,960. 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 $2,502. 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. 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.

Building Features

Condition

New Construction

Exterior

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

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 16
  • Bedroom Count: 8
  • Construction Type: Masonry
  • Building Style: Modern
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 937
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,782
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 200
  • Total Building Area: 4,204
  • Gross Building Area: 4,204
  • Building Area: 4,204
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,204
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.041
  • Standard Land Use Code: Townhouse (residential)
  • County Land Use Code: Royalty interest
  • State Land Use Code: Townhouse (residential)
  • Legal Description 1: 124.669 SE SPRING GARDEN

Ownership

  • Current Owner : 40TH STREET INVESTMENTS LLC
  • Previous Owner : PHILADELPHIA REAL ESTATE GROUP LLC
  • Owner Before Previous Owner: PHILADELPHIA REAL ESTATE GROUP 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: RM1

Geography

  • Assessors Map Reference: 056N160205
  • Account Number: 163650
  • District: WARD #06
  • Parcel: 06-1163650
  • Latitude: 39.9612
  • Longitude: -75.2025

    Address

  • Full Address: 422 N 40th St
  • Address - House Number: 422
  • Street Direction: N
  • Address - Street Name: 40th
  • Address - Suffix Type: St
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C052
  • 4-Digit Zip Code: 4678
  • Zip Code: 19104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,502
  • Tax Rate Code Area: 6

    Appraisal Valuation

  • Standard Deviation: 0.2576
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 758,983
  • High Value: 954,530
  • Low Value: 563,435

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,864,000
  • First Open Lien Mortgage Lender: ORIX REAL ESTATE CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Sep 17, 2019
  • First Open Lien Mortgage Loan Amount: $3,864,000
  • First Open Lien Mortgage Term: 84
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2026

    Market Valuation

  • Market Total Value: $893,700
  • Market Land Value: $178,740
  • Market Improvement Value: $714,960

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $893,700
  • Assessed Land Value: $178,740
  • Assessed Improvements Value: $714,960

    Sales

  • Current Sale Contract Date: Aug 05, 2019
  • Current Sale Recording Date: Sep 17, 2019
  • Current Sale Transaction ID: 11658112114
  • Current Sale Price: $5,520,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 53566822
  • Previous Sale Recording Date: Sep 17, 2019
  • Previous Sale Contract Date: Sep 05, 2019
  • Previous Sale Amount: $5,520,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ORIX REAL ESTATE CAPITAL LLC
  • First Mortgage Transaction Date: Sep 17, 2019
  • First Mortgage Loan Amount: $3,864,000
  • First Mortgage Terms: 84
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Oct 01, 2026

    Previous Mortgages

  • Previous Mortgage Lender: ORIX REAL ESTATE CAPITAL LLC
  • Previous Mortgage Transaction Date: Sep 17, 2019
  • Previous Mortgage Loan Amount: $3,864,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About West Philadelphia



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 5358 Woodland Avenue, PHILADELPHIA, PA, 19143

$1,100 /mo

  • Studio
  • 1 Bath
  • 3,348 ft²
5358 Woodland Avenue #2FLREAR, PHILADELPHIA, PA, 19143 Listing by William Lublin
Unit for rent at 5027 Pine Street, PHILADELPHIA, PA, 19143

$1,100 /mo

  • 1 Bed
  • 1 Bath
  • 700 ft²
5027 Pine Street #3FLLOFT, PHILADELPHIA, PA, 19143 Listing by Chirag Patnaik
Unit for rent at 5303 Chester Avenue, PHILADELPHIA, PA, 19143

$1,195 /mo

  • 1 Bed
  • 1 Bath
5303 Chester Avenue #202, PHILADELPHIA, PA, 19143 Listing by James Decker
Unit for rent at 2739 W Girard Avenue, PHILADELPHIA, PA, 19130

$1,200 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
2739 W Girard Avenue #2F, PHILADELPHIA, PA, 19130 Listing by James Decker
Unit for rent at 2201 Washington Avenue, PHILADELPHIA, PA, 19146

$1,136 /mo

  • Studio
  • 1 Bath
2201 Washington Avenue #207, PHILADELPHIA, PA, 19146 Listing by James Decker
Unit for rent at 1330 S Patton Street, PHILADELPHIA, PA, 19146

$1,223 /mo

  • 1 Bed
  • 1 Bath
  • 469 ft²
1330 S Patton Street #302, PHILADELPHIA, PA, 19146 Listing by James Decker
Unit for rent at 2910 W Oxford Street #1st Fl Unit, PHILADELPHIA, PA, 19121

$1,200 /mo

  • 2 Beds
  • 1 Bath
  • 2,232 ft²
2910 W Oxford Street #1st Fl Unit #1FL, PHILADELPHIA, PA, 19121 Listing by Chont? Williams

Frequently Asked Questions

What neighborhood is 422 North 40th Street located in?
The 422 North 40th Street is a multifamily located in the neighborhood of West Powelton in West Philadelphia, Philadelphia.
What is the average sales price for listings in 422 North 40th Street?
The average sales price for units in 422 North 40th Street is $0 currently.

Quantcast