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5038 Market Street

5038 Market Street, Philadelphia, PA 19139
Property in Cobbs Creek
Sold Nov 08, 2017
$135,000
$132,554 by Loandepot.com Llc
Mortgage Due Nov 01, 2047
Sold Feb 18, 2006
$58,000
$46,400 by Police & Fire Fcu
Mortgage Due Mar 01, 2036
5038 Market 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 1925 and is 99 years old. The building has a total of 2 stories. In addition, 5038 Market Street has 1,380 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 1,150 ft and across the front of the lot is 210 ft. The area measurement of the land has been determined as 2,405 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5038 Market Street was last sold in Nov 1, 2017 for $135,000. According to our calculations, that's $97.83 per sqft. Prior to that sales transaction, the property was sold for $58,000 in Feb 8, 2006. Current property owners are expected to pay $1,968 in taxes per year. The property on 5038 Market Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $220,600. To break that down further, the land itself was valued at $44,120. While improvements to the property were assessed at a total of $176,480. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Building Style

Colonial
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Construction Type: Masonry
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,405
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 210
  • Total Building Area: 1,380
  • Gross Building Area: 1,380
  • Building Area: 1,380
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,380
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.055
  • Standard Land Use Code: Duplex (2 units, any combination)
  • State Land Use Code: Single family residential
  • Legal Description 1: 397 W 50TH ST

Ownership

  • Current Owner : GRANT STEVEN PHILLIP
  • Previous Owner : PHILLIPS ROSE
  • Previous Owner 2: PHILLIPS ROSE MARIE
  • Owner Before Previous Owner: QUILL NANCY
  • Owner Before Previous Owner 2: BROWN WILLIAM
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 008500

Zoning

  • Zoning: RM1

Geography

  • Assessors Map Reference: 017S210015
  • Account Number: 002100
  • District: WARD #60
  • Parcel: 60-2002100
  • Block: 17S21
  • Lot: 15
  • Municipality: PHILADELPHIA
  • Latitude: 39.9594
  • Longitude: -75.2225

    Address

  • Full Address: 5038 Market St
  • Address - House Number: 5038
  • Address - Street Name: Market
  • Address - Suffix Type: St
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C048
  • 4-Digit Zip Code: 3504
  • Zip Code: 19139

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,968
  • Tax Rate Code Area: 60

    Appraisal Valuation

  • Standard Deviation: 0.4423
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 11
  • Final Value: 162,715
  • High Value: 234,685
  • Low Value: 90,744

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $132,554
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Nov 08, 2017
  • First Open Lien Mortgage Loan Amount: $132,554
  • 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: Nov 01, 2047

    Market Valuation

  • Market Total Value: $220,600
  • Market Land Value: $44,120
  • Market Improvement Value: $176,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $220,600
  • Assessed Land Value: $44,120
  • Assessed Improvements Value: $176,480

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 01, 2017
  • Current Sale Recording Date: Nov 08, 2017
  • Current Sale Transaction ID: 11303445049
  • Current Sale Price: $135,000
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 53289388
  • Previous Sale Recording Date: Feb 18, 2006
  • Previous Sale Contract Date: Feb 08, 2006
  • Previous Sale Amount: $58,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANDEPOT.COM LLC
  • First Mortgage Transaction Date: Nov 08, 2017
  • First Mortgage Loan Amount: $132,554
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: POLICE & FIRE FCU
  • Previous Mortgage Transaction Date: Feb 18, 2006
  • Previous Mortgage Loan Amount: $46,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Mar 01, 2036

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Frequently Asked Questions

What neighborhood is 5038 Market Street located in?
The 5038 Market Street is a located in the neighborhood of Cobbs Creek in West Philadelphia, Philadelphia.
What is the average sales price for listings in 5038 Market Street?
The average sales price for units in 5038 Market Street is $0 currently.

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