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8623 Forrest Avenue

8623 Forrest Avenue, Philadelphia, PA 19150
Sold Aug 10, 2020
$231,000
Buyer
Seller
$226,816 by Amres Corporation
Mortgage Due Aug 01, 2050
Sold Dec 11, 2019
$115,000
8623 Forrest 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 1950 and is 74 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 8623 Forrest Avenue has 1,154 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 1,250 ft and across the front of the lot is 160 ft. The area measurement of the land has been determined as 2,009 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. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there is one available parking space. 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. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system and being fueled with gas. The property was last sold in Jul 24, 2020 for $231,000. That's $200.17 per sqft. Prior to that sales transaction, the property was also sold in Nov 25, 2019 for $115,000. 8623 Forrest Avenue was last assessed in 2023. The total value of the property was assessed at $268,700. Specifically, the land the property is located on was valued at $53,740. While improvements on the property were assessed at a total of $214,960. 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 $3,761. 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! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Masonry
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,009
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 160
  • Total Building Area: 1,154
  • Gross Building Area: 1,154
  • Building Area: 1,154
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,154
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.046
  • Standard Land Use Code: Townhouse (residential)
  • County Land Use Code: Homestead (misc.)
  • State Land Use Code: Single family residential
  • Legal Description 1: 1885 N ROUMFORT RD

Ownership

  • Current Owner : PENA CARLOS
  • Previous Owner : S BRUNO LLC
  • Owner Before Previous Owner: NELSON MARCELLA F
  • Owner Before Previous Owner 2: AMERICAN ADVISORS GROUP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Philadelphia City School District
  • School Tax School District: PHILADELPHIA SD
  • Census Tract: 025900

Zoning

  • Zoning: RSA5

Geography

  • Assessors Map Reference: 147N6 106
  • Account Number: 235200
  • District: WARD #50
  • Parcel: 50-2235200
  • Block: 147N6
  • Lot: 106
  • Municipality: PHILADELPHIA
  • Latitude: 40.0792
  • Longitude: -75.1801

    Address

  • Full Address: 8623 Forrest Ave
  • Address - House Number: 8623
  • Address - Street Name: Forrest
  • Address - Suffix Type: Ave
  • State: PA
  • City Name: Philadelphia
  • Carrier Code: C041
  • 4-Digit Zip Code: 2305
  • Zip Code: 19150

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,761
  • Tax Rate Code Area: 50

    Appraisal Valuation

  • Standard Deviation: 0.4423
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 11
  • Final Value: 526,455
  • High Value: 759,311
  • Low Value: 293,598

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $236,234
  • First Open Lien Mortgage Lender: AMRES CORPORATION
  • First Open Lien Mortgage Recording Date: Aug 10, 2020
  • First Open Lien Mortgage Loan Amount: $226,816
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050
  • Second Open Lien Mortgage Lender: SECRETARY/HOUSING & URBAN DEV
  • Second Open Lien Mortgage Recording Date: Nov 17, 2023
  • Second Open Lien Mortgage Loan Amount: $9,418
  • Second Open Lien Mortgage Term: 320
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $268,700
  • Market Land Value: $53,740
  • Market Improvement Value: $214,960

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $268,700
  • Assessed Land Value: $53,740
  • Assessed Improvements Value: $214,960

    Sales

  • Current Sale Contract Date: Jul 24, 2020
  • Current Sale Recording Date: Aug 10, 2020
  • Current Sale Transaction ID: 11781156643
  • Current Sale Price: $231,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 53700344
  • Previous Sale Recording Date: Dec 11, 2019
  • Previous Sale Contract Date: Nov 25, 2019
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: Sheriff's Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMRES CORPORATION
  • First Mortgage Transaction Date: Aug 10, 2020
  • First Mortgage Loan Amount: $226,816
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2050

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Frequently Asked Questions

What neighborhood is 8623 Forrest Avenue located in?
The 8623 Forrest Avenue is a located in the neighborhood of Cedarbrook - Stenton in North Philadelphia, Philadelphia.
What is the average sales price for listings in 8623 Forrest Avenue?
The average sales price for units in 8623 Forrest Avenue is $0 currently.

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