5531 West Thompson Street

Local assessors in Philadelphia, PA have categorized 5531 West Thompson Street as a residential type of property. The home was built in 1915 and is 109 years old. The property's lot size has been calculated to be 1,256 square feet. The linear feet between the front and back of the lot was measured at 810 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 townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 5531 West Thompson Street has a total of 1,059 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5531 West Thompson Street sold most recently in Jun 8, 2022 for a total of $92,500. If you work out the math, that's approximately a cost of $87.35 per sqft. Before that, the property was also sold for $10,500 in Feb 28, 1977. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,022 in taxes each year. The initial year of tax delinquency occurred in 2018. 5531 West Thompson Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $73,000. If we break it down further, the land itself was valued at $14,600. Improvements to the property, however, were assessed at a total of $58,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.