5550 West Thompson Street

5550 West Thompson 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 1915 and is 109 years old. The building has a total of 3 stories. In addition, 5550 West Thompson Street has 2,100 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 910 ft and across the front of the lot is 160 ft. The area measurement of the land has been determined as 1,456 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 poor. 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, 5550 West Thompson Street was last sold in Apr 10, 2012 for $80,000. According to our calculations, that's $38.10 per sqft. Prior to that sales transaction, the property was sold for $103,000 in Apr 25, 2005. Current property owners are expected to pay $1,201 in taxes per year. The property on 5550 West Thompson Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $85,800. To break that down further, the land itself was valued at $12,800. While improvements to the property were assessed at a total of $73,000. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.