1 year on rocket

1805 Fairmount Ave, Philadelphia, PA, 19130

$1,058,920

Home List Price

$10,000*

Closing Credit

0 Baths
2,535 SqFt
$418/SqFt
Multi
Schools Nearby

Location

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1805 Fairmount Ave, Philadelphia$1,058,920

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1920
HeatingRadiant
CoolingWindow Unit(s)
MLS #PAPH2140542
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 1805 Fairmount Ave

Welcome to the Heart of Fairmount. This late 1800s property was gut rehabbed in 2015 into 4 units with all-new electric, plumbing, fire alarm, and sprinkler system. Unit 1 is bilevel with a rear yard/deck that has a fully grown willow tree for $1800/mth. Unit 2 is a furnished studio loft, currently on Airbnb bringing in $1700/mth+. Unit 3 is a 2-bedroom unit being rented below market $1500/mth. The commercial unit is rented as barber shop for $1250/mth. Total $6245 monthly gross. Below market rents with upside potential. All 3 residential units have their own Washers/Dryers. Tenants pay for Electric. Landlord pays for Water & heat (radiator system).

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1920
  • Living Area: 2,535 SqFt

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Mathen J Pullukattu

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Benjamin Franklin High School, Public District Grades 9-12
  • Laura W. Waring School, Public District Grades KG-8

Other

Directions Information:

  • Directions: west on Fairmount from Broad street

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,058,920
  • Price Per SqFt: $418/SqFt

Tax Information:

  • Annual Amount: $7,289
  • 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

$257.6K

Med. Price/SqFt

$195

Avg. Days On Market

54

# of Sold Homes

923

1805 Fairmount Ave vs Philadelphia

631 DAYS ON ROCKET

+577 Days

$1,058,920

+$801.3K More

$418/SqFt

+$223 More

KEY TAKEAWAY

This property is $801.3K more than the Median Sold Price and $223/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: #PAPH2140542

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (267) 435-8015
  • Listing Agent: Mathen J Pullukattu

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: 4/19/2024, 5:20:24 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 02, 2014Home Sold
$280,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,289 -
2019$7,663$547,500
2018$5,693$406,700
2017$5,693$406,700

History based on county public records data.

Payment Calculator

$5,353

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,241

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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-667925
3
/10

  • Laura W. Waring School

  • 1801 Green St

  • 0.18 miles

  • Public District Grades KG-8

High School

school-card-donut-667926
2
/10

  • Benjamin Franklin High School

  • 550 N Broad St

  • 0.38 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 $32,463. Most Philadelphia, PA residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Fairmount, Philadelphia

What type of housing is available in Fairmount, Philadelphia?

Homeowners occupy about 55% of the dwellings in Fairmount and 45% are rented. Townhouses are the most common housing type, representing roughly 60% of buildings in this area, while the rest are mainly large apartment buildings and small apartment buildings. Most of the housing growth in this neighborhood occurred before the 1960s. This part of the city is primarily composed of two bedroom and three bedroom homes.

Is Fairmount, Philadelphia a good place to live?

Fairmount offers a variety of experiences for those who enjoy a vibrant atmosphere and spending time outdoors. Finding things to do is very easy in this area. There are often a very large number of people around, there are numerous nearby entertainment venues, and with its a few nightlife venues, there are options for nighttime activities. There are a few public green spaces close by for residents to visit, like East Fairmount Park, making it very easy to reach them.

Are things conveniently located in Fairmount, Philadelphia?

It is especially convenient to access both a general and a specialty grocery store by walking from most homes for sale in Fairmount. Furthermore, those who like to eat out won't have to go far in Fairmount, where over 50 restaurants and a few cafes can be found. House buyers can find a large number of nearby clothing stores. In terms of education, in this part of the city, residents will typically be able to access both primary and secondary schools by walking.

What does the transportation in Fairmount, Philadelphia look like?

Fairmount is an excellent part of Philadelphia for environmentally friendly transportation options. It is especially convenient for pedestrians to get around in this area; running common errands is very convenient, and there are also countless businesses in proximity. Owing to a few nearby bus lines, house buyers can rely on public transit to move around in Fairmount. In contrast, cars are a sometimes poor transportation option in Fairmount. That being said, most homes for sale are a short drive from the nearest highway.

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Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19130›1805 Fairmount Ave

This home is located at 1805 Fairmount Ave in Philadelphia, PA and zip code 19130 in the Fairmount neighborhood. This 2,535 square foot home, which was built in 1920, sits on a 0.04 acre lot. It has been listed on Rocket Homes since July 28, 2022 and is currently priced at $1,058,920.

In March 2024 more than 228 listings in Philadelphia, PA were sold above the asking price. During the same period more than 214 listings were sold at asking price, while more than 481 were sold below. The number of homes for sale in Philadelphia, PA increased by 4.6% between February 2024 and March 2024. The median list price of listings available in March 2024 was $257,610, while the average time on the real estate market was 54 days.

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

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