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622 West Olney Avenue

622 West Olney Avenue, Philadelphia, PA 19120
Multifamily in Olney
Sold Aug 05, 2022
$172,000
$129,000 by Quaint Oak Mortgage Llc
Mortgage Due Aug 01, 2052
Sold Oct 18, 2017
$110,000
$82,500 by Firstrust Bank
Mortgage Due Nov 01, 2047
622 West Olney Avenue 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 1930 and is 94 years old. The building has a total of 2 stories. In addition, 622 West Olney Avenue has 1,452 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 1,050 ft and across the front of the lot is 230 ft. The area measurement of the land has been determined as 2,379 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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 a heating system. 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, 622 West Olney Avenue sold most recently in Jul 22, 2022 for a total of $172,000. If you work out the math, that's approximately a cost of $118.46 per sqft. Before that, the property was also sold for $110,000 in Oct 17, 2017. 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 $2,581 in taxes each year. 622 West Olney Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $184,400. If we break it down further, the land itself was valued at $36,880. Improvements to the property, however, were assessed at a total of $147,520. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Masonry Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Construction Type: Masonry
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,379
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 230
  • Total Building Area: 1,452
  • Gross Building Area: 1,452
  • Building Area: 1,452
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,452
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.055
  • Standard Land Use Code: Duplex (2 units, any combination)
  • State Land Use Code: Townhouse (residential)
  • Legal Description 1: 1125 5/8 E SEVENTH

Ownership

  • Current Owner : THOMAS ROBERT N
  • Previous Owner : HANKERSON SUSAN N
  • Owner Before Previous Owner: WILLIAMS DEBRA L

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 027500

Zoning

  • Zoning: RSA3

Geography

  • Assessors Map Reference: 133N080036
  • Account Number: 007300
  • District: WARD #61
  • Parcel: 61-2007300
  • Block: 133N8
  • Lot: 31
  • Municipality: PHILADELPHIA
  • Latitude: 40.0366
  • Longitude: -75.1336

    Address

  • Full Address: 622 W Olney Ave
  • Address - House Number: 622
  • Street Direction: W
  • Address - Street Name: Olney
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C035
  • 4-Digit Zip Code: 2850
  • Zip Code: 19120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,581
  • Tax Rate Code Area: 61

    Appraisal Valuation

  • Standard Deviation: 0.4423
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 11
  • Final Value: 388,895
  • High Value: 560,907
  • Low Value: 216,882

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $129,000
  • First Open Lien Mortgage Lender: QUAINT OAK MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 05, 2022
  • First Open Lien Mortgage Loan Amount: $129,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2052

    Market Valuation

  • Market Total Value: $184,400
  • Market Land Value: $36,880
  • Market Improvement Value: $147,520

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $184,400
  • Assessed Land Value: $36,880
  • Assessed Improvements Value: $147,520

    Sales

  • Current Sale Contract Date: Jul 22, 2022
  • Current Sale Recording Date: Aug 05, 2022
  • Current Sale Transaction ID: 11894633000
  • Current Sale Price: $172,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 54081054
  • Previous Sale Recording Date: Oct 18, 2017
  • Previous Sale Contract Date: Oct 17, 2017
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Transfer on Death Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUAINT OAK MORTGAGE LLC
  • First Mortgage Transaction Date: Aug 05, 2022
  • First Mortgage Loan Amount: $129,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FIRSTRUST BANK
  • Previous Mortgage Transaction Date: Oct 18, 2017
  • Previous Mortgage Loan Amount: $82,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2047

About North Philadelphia



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Frequently Asked Questions

What neighborhood is 622 West Olney Avenue located in?
The 622 West Olney Avenue is a multifamily located in the neighborhood of Olney in North Philadelphia, Philadelphia.
What is the average sales price for listings in 622 West Olney Avenue?
The average sales price for units in 622 West Olney Avenue is $0 currently.

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