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7620 Lexington Avenue

7620 Lexington Avenue, Philadelphia, PA 19152
House in Rhawnhurst
Sold Jul 31, 2019
$238,000
$190,000 by Parke Bank
Mortgage Due Aug 01, 2049
Sold Aug 23, 1994
Transfer
7620 Lexington Avenue in Philadelphia, PA was first built in 1960 and is 64 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. 7620 Lexington Avenue has 1,230 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 720 ft and the linear feet between the front and back of the lot is 1,050. In total, the area measurement of the land is 6,749 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. 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, 7620 Lexington Avenue sold most recently in Jul 11, 2019 for a total of $238,000. If you work out the math, that's approximately a cost of $193.50 per sqft. 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 $3,115 in taxes each year. 7620 Lexington Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $302,500. If we break it down further, the land itself was valued at $60,500. Improvements to the property, however, were assessed at a total of $242,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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!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: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 0
  • Full Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Masonry
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,749
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 720
  • Total Building Area: 1,230
  • Gross Building Area: 1,230
  • Building Area: 1,230
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,230
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LEXINGTON PARK
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • State Land Use Code: Single family residential
  • Legal Description 1: 6535 N OF BROUS

Ownership

  • Current Owner : GAO MEI
  • Current Owner 2: ZHENG QIN
  • Previous Owner : ENDICOTT PHILIP M
  • Owner Before Previous Owner: JOYCE ANN M
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Tenants by Entirety

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 033300

Zoning

  • Zoning: RSA3

Geography

  • Assessors Map Reference: 145N050122
  • Account Number: 105500
  • District: WARD #64
  • Parcel: 64-1105500
  • Block: 145N5
  • Lot: 122
  • Municipality: PHILADELPHIA
  • Latitude: 40.0483
  • Longitude: -75.0481

    Address

  • Full Address: 7620 Lexington Ave
  • Address - House Number: 7620
  • Address - Street Name: Lexington
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C005
  • 4-Digit Zip Code: 3912
  • Zip Code: 19152

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,115
  • Tax Rate Code Area: 64

    Appraisal Valuation

  • Standard Deviation: 0.4423
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 11
  • Final Value: 284,822
  • High Value: 410,801
  • Low Value: 158,842

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $190,000
  • First Open Lien Mortgage Lender: PARKE BANK
  • First Open Lien Mortgage Recording Date: Jul 31, 2019
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $190,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2049

    Market Valuation

  • Market Total Value: $302,500
  • Market Land Value: $60,500
  • Market Improvement Value: $242,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $302,500
  • Assessed Land Value: $60,500
  • Assessed Improvements Value: $242,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 11, 2019
  • Current Sale Recording Date: Jul 31, 2019
  • Current Sale Transaction ID: 11634154002
  • Current Sale Price: $238,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 53545146
  • Previous Sale Recording Date: Aug 23, 1994
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PARKE BANK
  • First Mortgage Transaction Date: Jul 31, 2019
  • First Mortgage Loan Amount: $190,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Aug 01, 2049

    Financing

  • First Mortgage Financing Type: Variable

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Frequently Asked Questions

What neighborhood is 7620 Lexington Avenue located in?
The 7620 Lexington Avenue is a house located in the neighborhood of Rhawnhurst in Northeast Philadelphia, Philadelphia.
What is the average sales price for listings in 7620 Lexington Avenue?
The average sales price for units in 7620 Lexington Avenue is $0 currently.

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