501 North 40th Street

501 North 40th 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 1920 and is 104 years old. The building has a total of 3 stories. In addition, 501 North 40th Street has 2,310 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 920 ft and across the front of the lot is 190 ft. The area measurement of the land has been determined as 1,717 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 average. 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. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system. The property was last sold in Sep 20, 2010 for $260,000. That's $112.55 per sqft. Prior to that sales transaction, the property was also sold in Dec 30, 2005 for $251,500. 501 North 40th Street was last assessed in 2023. The total value of the property was assessed at $390,500. Specifically, the land the property is located on was valued at $78,100. While improvements on the property were assessed at a total of $312,400. 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 $5,466. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.