948 North 8th Street

Local assessors in Philadelphia, PA have categorized 948 North 8th Street as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 5,026 square feet. The linear feet between the front and back of the lot was measured at 880 ft and the front of the lot was measured at 570 ft. This is a 4 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 948 North 8th Street has a total of 11,247 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 excellent. 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 rock and stone were used in the construction of the exterior walls of the home. 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, 948 North 8th Street sold most recently in Aug 24, 2007 for a total of $725,000. If you work out the math, that's approximately a cost of $64.46 per sqft. Before that, the property was also sold for $412,500 in Jan 13, 2004. 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 $17,253 in taxes each year. 948 North 8th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,316,800. If we break it down further, the land itself was valued at $231,680. Improvements to the property, however, were assessed at a total of $2,085,120. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.