6 months on rocket

Sale Pending

2001 S Cleveland St, Philadelphia, PA, 19145

$498,500

Home List Price

$5,920*

Closing Credit

0 Baths
2,000 SqFt
$249/SqFt
Multi
Schools Nearby

Location

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2001 S Cleveland St, Philadelphia$498,500

Buyer Closing Credits

$5,920*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1920
HeatingRadiant
CoolingCentral Air
BasementYes
ViewCity
MLS #PAPH2283738
Lot Size0.02 Acres
StatusSale Pending
(PENDING)

About 2001 S Cleveland St

It is my distinguished honor to present to you 2001 S. Cleveland St. Located in the Heart of South Philadelphia, adjacent to a transformative intersection, anchored by a Commercial Mixed Use Corridors and surrounded by residential properties and commercial spaces, South Philadelphia has undergone a radical transformation and evolution in the last few decades. We are excited to share this remarkable transformation of this 2000 Square Feet home in our beloved Newbold, South Philadelphia. This 2 unit duplex has undergone a stunning renovation that has brought it into the modern era with exquisite finishes, luxurious amenities, central air, split new mechanical and electrical systems, and a new sewer lateral line interior and exterior to the property. The exterior have been rejuvenated with new silver paint on the masonry and black on the trim sidings. LAYOUT SUMMARY: UNIT 1: 3 Beds/2 Baths Bi-Level Unit with a Main Floor & Finished Basement and egresses for both bedrooms. UNIT 2: 2 Beds/1 Bath 2nd Uni-Level with rooftop balcony access. Enter Unit 1 through the side entrance that takes you through the shared laundry room with washers & dryers designated for each unit and mechanical systems, including separate water heaters. Continue through the entrance of UNIT 1 and walk into the open concept kitchen/living room with recessed lights throughout the property and new luxury vinyl plank floors throughout the building. There are multiple enlarged windows that provide immaculate illumination throughout the property. The centralized kitchen includes sleek shaker styled cabinetry, granite countertops, stove, and stainless steel appliances. The main floor also includes a full bathroom and bedroom. Walk down into the basement where there are 2 bedrooms with egresses, as well as a full centralized bathroom. The basement is completely finished with natural light illuminating from multiple windows. UNIT 2 has a separate entrance in the front of the building where you will walk to the 2nd level, which hosts 2 large bedrooms and a full bath. The master bedroom has an exterior outdoor balcony with a beautiful view of the city. The heart of any home lies within its kitchen, and this renovated duplex has taken it to new heights. Step inside, and you will be greeted by a sight that epitomizes elegance and functionality. The sleek lines and modern finishes exude a sense of sophistication, bringing the kitchen to life with a touch of contemporary charm. Every corner of this house has been meticulously reimagined, with careful attention given to every aspect of modern living. From the open concept layout that promotes seamless flow and interaction to the abundance of natural light that floods the living spaces, this renovation has truly breathed new life into this South Philadelphia home. TAX ABATEMENT: Tax Abatement Application has been approved and awaiting the abatement approval letter. OCCUPANCY: We have left both units vacant, allowing flexibility for the buyer to choose which unit they would wish to occupy, and we are even offering to lease out the other unit for free to assist the buyer with cash flow. If you are purchasing this property as an investor, we are offering to lease out both units for free. RATE BUY-DOWN: Seller is willing to provide SELLER ASSIST to help with total acquisition costs and to allocate for a rate buy-down program, such as the 3/2/1 buy-down, which will reduce the interest rate by the following schedule: Year 1: 3% decrease Year 2: 2% Year 3: 1% Buyers could also refinance in that period when interest rates are lower. Walk to the Sports District, Xfinity Live, the Broad Street subway line and quick commute to Center City. The I-95, I-76 highways are close. We look forward to doing business with you and we will ensure a smooth, efficient, and professional process for all parties.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1920
  • Living Area: 2,000 SqFt

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Minh Nguyen-Rivera

Interior Features

Interior Information:

  • Appliances: Washer, Stove, Oven, Electric Range, Dryer, Dishwasher
  • Basement: Yes
  • Flooring Type: Luxury Vinyl Plank

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Universal Audenried Charter High School, Public Charter Grades 9-12
  • Universal Institute Charter School at Vare, EH, Public Charter Grades 5-8
  • Stephen Girard Elementary School, Public District Grades KG-4

Other

Directions Information:

  • Directions: 18th & McKean St.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $498,500
  • Price Per SqFt: $249/SqFt

Tax Information:

  • Annual Amount: $1,544
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$257.6K

Med. Price/SqFt

$195

Avg. Days On Market

54

# of Sold Homes

923

2001 S Cleveland St vs Philadelphia

207 DAYS ON ROCKET

+153 Days

$498,500

+$240.8K More

$249/SqFt

+$54 More

KEY TAKEAWAY

This property is $240.8K more than the Median Sold Price and $54/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: #PAPH2283738

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Minh Nguyen-Rivera

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: 4/27/2024, 2:00:20 AM 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$1,544 -
2019$2,021$144,400
2018$1,334$95,300
2017$1,334$95,300

History based on county public records data.

Payment Calculator

$2,555

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,561

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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-1026975
2
/10
  • Stephen Girard Elementary School

  • 1800 Snyder Ave

  • 0.13 miles

  • Public District Grades KG-4

Middle School

school-card-donut-1026976
5
/10
  • Universal Institute Charter School at Vare, EH

  • 2100 S 24th St

  • 0.54 miles

  • Public Charter Grades 5-8

High School

school-card-donut-1026977
4
/10
  • Universal Audenried Charter High School

  • 3301 Tasker St

  • 1.34 miles

  • Public Charter Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,405. Residents of Philadelphia, PA typically earn less than $35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19145›2001 S Cleveland St

This home is located at 2001 S Cleveland St in Philadelphia, PA and zip code 19145 in the South Philadelphia neighborhood. This 2,000 square foot home, which was built in 1920, sits on a 0.02 acre lot. It has been listed on Rocket Homes since October 02, 2023 and is currently priced at $498,500.

Over 228 listings were sold over their listed price in March 2024 in Philadelphia, PA. In the same period over 481 listings were sold below the listed price and 214 listings were sold for the listed price. The inventory of homes for sale in Philadelphia, PA between February 2024 and March 2024 increased by 4.6%. In March 2024, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $257,610.

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

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