608 Federal Street

608 Federal 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 1920 and is 104 years old. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 3 stories. In addition, 608 Federal Street has 1,190 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 530 ft and across the front of the lot is 140 ft. The area measurement of the land has been determined as 742 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 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. In terms of heating, it is utilizing baseboard heaters and being fueled with electricity. The property was last sold in Oct 12, 2023 for $339,000. That's $284.87 per sqft. Prior to that sales transaction, the property was also sold in Jan 17, 2015 for $272,000. 608 Federal Street was last assessed in 2023. The total value of the property was assessed at $384,700. Specifically, the land the property is located on was valued at $76,940. While improvements on the property were assessed at a total of $307,760. 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 $4,265. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.