507 South 5th Street

507 South 5th 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 1978 and is 46 years old. The building has a total of 3 stories. In addition, 507 South 5th Street has 1,488 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 620 ft and across the front of the lot is 160 ft. The area measurement of the land has been determined as 965 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a modern 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 Jan 10, 2018 for $560,000. That's $376.34 per sqft. Prior to that sales transaction, the property was also sold in Jan 12, 2005 for $400,000. 507 South 5th Street was last assessed in 2023. The total value of the property was assessed at $762,600. Specifically, the land the property is located on was valued at $152,520. While improvements on the property were assessed at a total of $610,080. 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 $10,675. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.