516 North 40th Street

Local assessors in Philadelphia, PA have categorized 516 North 40th Street as a residential type of property. The home was built in 1930 and is 94 years old. The property's lot size has been calculated to be 1,464 square feet. The linear feet between the front and back of the lot was measured at 920 ft and the front of the lot was measured at 160 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex style. This is a 3 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 516 North 40th Street has a total of 2,316 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 brick were used in the construction of the exterior walls of the home. The property was last sold in Oct 22, 2021 for $445,000. That's $192.14 per sqft. Prior to that sales transaction, the property was also sold in Dec 15, 2004 for $3,581. 516 North 40th Street was last assessed in 2023. The total value of the property was assessed at $351,400. Specifically, the land the property is located on was valued at $70,280. While improvements on the property were assessed at a total of $281,120. 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 $4,919. 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.