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Backup Offers

1931 Wallace St, Philadelphia, PA, 19130

$1,100,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,753 SqFt
$293/SqFt
Multi
Schools Nearby

Location

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1931 Wallace St, Philadelphia$1,100,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingOn Street
Year Built1920
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #PAPH2345034
Lot Size0.07 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 1931 Wallace St

Dreaming of an absolutely incredible quadruplex on a beautiful tree lined historic block in the Art Museum Area! This home balances the fullest desire for an owner occupant while providing a magnificent opportunity for rental income - or the home can easily be positioned as a lucrative buy for a savvy investor. The first floor boasts a shared entryway with paired double doors and a beautiful vestibule. Enter Unit 1, a one bedroom plus loft, with a cook’s kitchen, living room, bathroom, flex space and access to a charming patio off the kitchen. The first of the second-floor units is a two bedroom, two bathroom bi-level with large kitchen and a sun filled living room with windows wrapping around the back allowing for amazing views of its own private courtyard. The second unit on the second level is also a two Bedroom, two Bathroom bi-level with great kitchen and living areas. Unit 4 is located on the third floor, you will find a generously sized apartment with a bedroom, a bathroom, a kitchen and living room. This building was redone 10 years ago, with all new wiring, plumbing, mechanicals, and roof. Each unit has its own washer and dryer, is metered separately, and the building has the potential for possible condo conversion. There is private access to the basement the provides storage and utility convenience for the building. This Boutique Building is in an unbeatable location and with-in steps to everything good that Fairmount offers. Don't let this unique opportunity pass you by, make arrangements to see the property today!

Property Details

Property Features

Property Information:

  • Architectural Style: Straight Thru
  • Year Built: 1920
  • Living Area: 3,753 SqFt

Listing Office:

  • Office Name: BHHS Fox & Roach-Chestnut Hill
  • Office Phone: (215) 247-3750
  • Listing Agent: Michelle Schoen

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

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: Fairmount to 20th to Wallace

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,100,000
  • Price Per SqFt: $293/SqFt

Tax Information:

  • Annual Amount: $7,640
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

1931 Wallace St vs Philadelphia

21 DAYS ON ROCKET

-29 Days

$1,100,000

+$841.1K More

$293/SqFt

+$97 More

KEY TAKEAWAY

This property is $841.1K more than the Median Sold Price and $97/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: #PAPH2345034

Listing Office:

  • Office Name: BHHS Fox & Roach-Chestnut Hill
  • Office Phone: (215) 247-3750
  • Listing Agent: Michelle Schoen

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: 5/21/2024, 11:20:43 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 17, 2013Home Sold
$560,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,640 -
2019$7,393$700,300
2018$8,135$770,500
2017$8,135$770,500

History based on county public records data.

Payment Calculator

$5,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,364

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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-5045458
3
/10
  • Laura W. Waring School

  • 1801 Green St

  • 0.16 miles

  • Public District Grades KG-8

High School

school-card-donut-5045459
2
/10
  • Benjamin Franklin High School

  • 550 N Broad St

  • 0.47 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $99,107. Residents of Philadelphia, PA typically earn between $35k-100k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket HomesPennsylvaniaPhiladelphia CountyPhiladelphia191301931 Wallace St

This home is located at 1931 Wallace St in Philadelphia, PA and zip code 19130 in the Spring Garden neighborhood. This 3,753 square foot home, which was built in 1920, sits on a 0.07 acre lot. It has been listed on Rocket Homes since April 30, 2024 and is currently priced at $1,100,000.

While more than 242 listings in Philadelphia, PA in April 2024 were sold above asking price, there were more than 216 listings sold at asking price, and more than 502 were sold below. The inventory of homes for sale in Philadelphia, PA between March 2024 and April 2024 increased by 9.8%. 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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