616 West Olney Avenue

Local assessors in Philadelphia, PA have categorized 616 West Olney Avenue as a commercial type of property. The home was built in 1930 and is 94 years old. The property's lot size has been calculated to be 1,785 square feet. The linear feet between the front and back of the lot was measured at 1,050 ft and the front of the lot was measured at 170 ft. 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 616 West Olney Avenue has a total of 1,768 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 home's a heating system is the primary heating source. The property was last sold in Mar 27, 2017 for $8,000. That's $4.52 per sqft. Prior to that sales transaction, the property was also sold in Feb 13, 2002 for $65,000. 616 West Olney Avenue was last assessed in 2023. The total value of the property was assessed at $155,500. Specifically, the land the property is located on was valued at $31,100. While improvements on the property were assessed at a total of $124,400. 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 $2,177. 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. 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.