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Backup Offers

1001 Lorraine St, Philadelphia, PA, 19116

$400,000

Home List Price

$4,750*

Closing Credit

4 Bedrooms
2 Full Baths
1,684 SqFt
$238/SqFt
House
Schools Nearby

Location

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1001 Lorraine St, Philadelphia$400,000

Buyer Closing Credits

$4,750*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage - Rear Entry, Detached Garage, Driveway
Garage1 space
Year Built1960
HeatingRadiant
CoolingWindow Unit(s)
MLS #PAPH2343680
Lot Size0.13 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 1001 Lorraine St

Welcome to your dream home nestled in the heart of Somerton. This meticulously maintained single-family residence offers a perfect blend of comfort, convenience, and charm. Step inside to discover a spacious layout featuring 4 bedrooms and 2 baths, providing ample space for family living, lazy weekends alone or entertaining guests. The home's character shines through with classic details like a welcoming front porch, ideal for sipping morning coffee or relaxing in the evening breeze, large living spaces, an updated Eat in Kitchen with additional dining space, large Sun Room housing an office area, Laundry area and some storage and well sized bedrooms each with large closets. Homeowners have opened up a doorway in bedroom 2 for flow, their use and comfort. Outside, a fenced-in yard creates a private oasis, perfect for pets to roam or for hosting outdoor gatherings. The trex deck offers additional space for al fresco dining or simply soaking up the sun. Surrounding the corner property are beautifully landscaped gardens, adding a touch of natural beauty and tranquility to your daily life. Located just moments away from shopping centers, walking distance to convenient commuting options via bus or train, and a diverse array of dining and entertainment venues, this home provides the ideal combination of suburban tranquility and urban convenience. Don't miss out on this rare opportunity to own a cherished property that's been lovingly cared for by its owners for the past 40 years. Schedule your showing today and make this your forever home!

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod, Traditional
  • Year Built: 1960
  • Stories: 2
  • Living Area: 1,684 SqFt

Listing Office:

  • Office Name: Iron Valley Real Estate Doylestown
  • Office Phone: (267) 703-5050
  • Listing Agent: Michael G Campbell

Interior Features

Interior Information:

  • Basement: No
  • Interior: Ceiling Fan(s), Combination Kitchen/Dining, Entry Level Bedroom, Kitchen - Eat-In, Kitchen - Gourmet

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Exterior Lighting, Secure Storage

Parking Information:

  • Garage Space: 1 space
  • Parking: Garage - Rear Entry, Detached Garage, Driveway

Virtual/3D Tour

  • Virtual Tour: 1001 Lorraine St

Virtual Tour

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • George Washington High School, Public District Grades 9-12
  • CCA Baldi Middle School, Public District Grades 6-8
  • William H. Loesche Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Tomlinson to Lorraine St

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000
  • Price Per SqFt: $238/SqFt

Tax Information:

  • Annual Amount: $2,767
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

1001 Lorraine St vs Philadelphia

14 DAYS ON ROCKET

-36 Days

$400,000

+$141.1K More

$238/SqFt

+$42 More

KEY TAKEAWAY

This property is $141.1K more than the Median Sold Price and $42/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2343680

Listing Office:

  • Office Name: Iron Valley Real Estate Doylestown
  • Office Phone: (267) 703-5050
  • Listing Agent: Michael G Campbell

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 9:20:41 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,767 -
2019$3,253$232,400
2018$3,050$217,900
2017$3,050$217,900

History based on county public records data.

Payment Calculator

$2,064

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,266

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-5009344
7
/10

  • William H. Loesche Elementary School

  • 595 Tomlinson Rd

  • 0.28 miles

  • Public District Grades KG-5

Middle School

school-card-donut-5009345
8
/10

  • CCA Baldi Middle School

  • 8801 Verree Rd

  • 2.13 miles

  • Public District Grades 6-8

High School

school-card-donut-5009346
4
/10

  • George Washington High School

  • 10175 Bustleton Ave

  • 0.42 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,602. Residents of Philadelphia, PA typically earn between $35k-100k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1001 Lorraine St

What is the listing price of this property?

The listing price of 1001 Lorraine St property is $400,000.

What type of property is this?

The property 1001 Lorraine St is a house located in Philadelphia, Pennsylvania, 19116.

Is this property for sale now?

Accepting Backup Offers: 1001 Lorraine St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 1001 Lorraine St are:
William H. Loesche Elementary School: GreatSchools Rating 7/10
CCA Baldi Middle School: GreatSchools Rating 8/10
George Washington High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,767 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1001 Lorraine St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1001 Lorraine St is 1,684 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1001 Lorraine St is 1960.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19116›1001 Lorraine St

This home is located at 1001 Lorraine St in Philadelphia, PA and zip code 19116 in the Far Northeast Philadelphia neighborhood. This 1,684 square foot home, which was built in 1960, sits on a 0.13 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $400,000.

Over 242 listings were sold over their listed price in April 2024 in Philadelphia, PA. In the same period over 502 listings were sold below the listed price and 216 listings were sold for the listed price. The number of homes for sale in Philadelphia, PA increased by 9.8% between March 2024 and April 2024. In April 2024, listings were on the market for 50 days. During the same period, the median list price in this real estate market was $258,806.

From Rocket Homes Real Estate and based on county public records data.

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