See Home Value
$300,000
Land - Off Market

715-717 W CUMBERLAND ST

PHILADELPHIA, PA 19133
bedrooms
Studio
bathrooms
0 Bath
$319,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

The Cumberland St property comprises 16 shovel- ready one-bedroom apartments, perfectly situated in

the growing Temple town neighborhood just outside Temple University's campus. Its prime location offers

easy access to various amenities, making it an ideal residence for students, young professionals, and small families alike.

Each apartment is designed with modern amenities, ensuring residents experience a comfortable and convenient lifestyle. At an estimated rent of $1,122 per unit, the property boasts a strong annual rental

income of $215,424, making it a highly attractive investment opportunity for potential landlords.

The project is fully shovel-ready, with all necessary permits, approvals, and infrastructure in place for immediate construction. Thanks to the site's easy accessibility and favorable topography, the construction process is expected to be smooth and hassle-free.

The building's architecture is both stylish and modern, utilizing the latest building techniques and materials to ensure structural safety and longevity. Additionally, the design maximizes natural light and ventilation, creating a bright and airy atmosphere that enhances the living experience.

For investors looking to add a stable and reliable income stream to their portfolio, 715-717 Cumberland St presents an excellent investment opportunity. With its prime location, modern amenities, and easy rental potential, the property is sure to attract tenants quickly and generate a healthy return on investment.
Unit Size
-
Days on Market
215 days
Land Size
0.02 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
Last updated: 5 months ago (Bright MLS #PAPH2220672)

Price History

Date / Event Date Event Price
Nov 5, 2023 Sold $300,000
Sold
Aug 30, 2023 Price Decreased $319,000
↓ $31K (8.8%)
Price Decreased
Aug 30, 2023 In contract -
In contract
Jul 12, 2023 Price Decreased $349,900
↓ $300K (46.2%)
Price Decreased
Jul 11, 2023 Price Increased $649,900
↑ $285K (78.1%)
Price Increased
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,039
  • Lot Size Depth Feet: 740
  • Lot Size Frontage Feet: 140
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Land Acres: 0.024
  • Standard Land Use Code: Recreational-vacant land
  • Legal Description 1: NEC FRANKLIN ST

Ownership

  • Current Owner : 715-717 W CUMBERLAND ST LLC
  • Previous Owner : CASTRO NELSON D
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 016400

Zoning

  • Zoning: CMX2

Geography

  • Assessors Map Reference: 032N120114
  • Account Number: 383401
  • District: WARD #37
  • Parcel: 37-1383401
  • Latitude: 39.9897
  • Longitude: -75.145

    Address

  • Full Address: 717 W Cumberland St
  • Address - House Number: 717
  • Street Direction: W
  • Address - Street Name: Cumberland
  • Address - Suffix Type: St
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C059
  • 4-Digit Zip Code: 2222
  • Zip Code: 19133

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $38
  • Tax Rate Code Area: 37

    Market Valuation

  • Market Total Value: $2,700
  • Market Land Value: $2,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,700
  • Assessed Land Value: $2,700

    Sales

  • Current Sale Contract Date: Oct 15, 2021
  • Current Sale Recording Date: Jan 13, 2022
  • Current Sale Transaction ID: 11879828718
  • Current Sale Price: $115,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 53944329



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$325,000 Jun 28, 2023
$325,000 Aug 8, 2023
-
House
2 Beds
2 Baths
1,612 ft²
$194/ft²
$312,500 Jan 19, 2023
$312,500 Apr 28, 2023
$322/mo
House
3 Beds
2 Baths
2,162 ft²
$146/ft²
$315,000 Jan 13, 2023
$315,000 Feb 17, 2023
-
Townhouse
3 Beds
2 Baths
1,439 ft²
$219/ft²
$315,000 Jan 17, 2023
$315,000 Mar 13, 2023
-
Townhouse
3 Beds
3 Baths
1,400 ft²
$232/ft²
$325,000 Mar 16, 2023
$325,000 Jun 14, 2023
-
Townhouse
3 Beds
3 Baths
1,740 ft²
$176/ft²
$306,000 Oct 18, 2019
$306,000 Jan 3, 2020
-
Land
Loft
-
-
$299,000 Oct 7, 2023
-
-
Land
Loft
-
-
$350,000 Jul 26, 2023
-
-
Land
Loft
-
-
$280,000 Aug 16, 2023
-
-
Land
Loft
-
-
$375,000 Jul 21, 2023
-
-
Land
Loft
-
-
$260,000 Nov 14, 2023
-
-
Commercial
Loft
-
-
$280,000 Dec 15, 2022
-
$94/mo

About North Philadelphia


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Frequently Asked Questions

When was property at 717 West Cumberland Street built and last sold?
The property at 717 West Cumberland Street was built in and last sold on Oct 15, 2021 for $115,000.
How much is this home worth?
The estimated value of the home located at 717 West Cumberland Street is $378,750.
What are some comparable homes to 717 West Cumberland Street?
Homes that are comparable to 717 West Cumberland Street include a land property at 2532 North Front Street, 179 West Huntingdon Street, 2258 North 10th Street.

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