3 months on rocket

2406 Ridge Ave, Philadelphia, PA, 19121

$225,000

Home List Price

$2,672*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
3,018 SqFt
$75/SqFt
Townhouse
Schools Nearby

Location

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2406 Ridge Ave, Philadelphia$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingOn Street
Year Built1915
HeatingNone
CoolingNone
BasementYes
MLS #PAPH2318676
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 2406 Ridge Ave

Discover an exceptional investment opportunity in the vibrant Brewerytown/Sharswood area of Philadelphia! Presenting 2406 Ridge Avenue, a dynamic property offering over 3,000 sq ft of mixed-use space, poised for transformation. This property features a commercial space on the first floor, previously operated as a beauty salon, offering a fantastic foundation for a variety of business ventures. Exclusive access to the expansive residential quarters is available through a private entrance, leading to the second and third floors where spacious living areas await revitalization. Bedroom and bathroom counts are estimated as building requires rehab and can be redone as you see fit! Nestled in a rapidly developing neighborhood, this property stands in a QOZ (Qualified Opportunity Zone), maximizing potential tax benefits for investors. The location is unbeatable, situated amidst a plethora of local amenities in the 19121 zip code area – from eclectic dining and vibrant nightlife to cultural hotspots and lush parks. Proximity to public transportation ensures easy access throughout Philadelphia, making it a highly desirable location for both commercial and residential tenants. Sold AS IS, this property requires rehabilitation, offering a blank canvas to craft a bespoke investment tailored to the evolving demands of this up-and-coming neighborhood. Whether you're looking to inject new life into the commercial space or remodel the residential units for rental or sale, 2406 Ridge Avenue is a prime canvas for visionary investors. Don't let this remarkable opportunity slip by – envision the potential and make your mark in Brewerytown/Sharswood.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1915
  • Living Area: 3,018 SqFt

Listing Office:

  • Office Name: Philadelphia Homes
  • Office Phone: (215) 948-2810
  • Listing Agent: Karen Rachel Ehrlich

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

School Info

Assigned Schools Information:

  • Strawberry Mansion High School, Public District Grades 9-12
  • William D. Kelley School, Public District Grades KG-8

Other

Directions Information:

  • Directions: Property is on south side of Ridge Ave, near N 24th St.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $75/SqFt

Tax Information:

  • Annual Amount: $636
  • 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

2406 Ridge Ave vs Philadelphia

93 DAYS ON ROCKET

+43 Days

$225,000

-$33.8K Less

$75/SqFt

-$121 Less

KEY TAKEAWAY

This property is $33.8K less than the Median Sold Price and $121/SqFt less than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2318676

Listing Office:

  • Office Name: Philadelphia Homes
  • Office Phone: (215) 948-2810
  • Listing Agent: Karen Rachel Ehrlich

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: 5/6/2024, 4:20:35 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

Jan 16, 2015Home Sold
$25,500

Tax History

YEARPROP. TAXASSESSMENT
2020$636 -
2019$629$45,000
2018$910$65,000
2017$1,719$122,800

History based on county public records data.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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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-6987493
4
/10

  • William D. Kelley School

  • 1601 N 28th St

  • 0.33 miles

  • Public District Grades KG-8

High School

school-card-donut-6987494
3
/10

  • Strawberry Mansion High School

  • 3133 Ridge Ave

  • 0.81 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 $22,449. Typical income of Philadelphia, PA residents is less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2406 Ridge Ave

What is the listing price of this property?

The listing price of 2406 Ridge Ave property is $225,000.

What type of property is this?

The property 2406 Ridge Ave is a townhouse located in Philadelphia, Pennsylvania, 19121.

Is this property for sale now?

Active Listing: 2406 Ridge Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2406 Ridge Ave are:
William D. Kelley School: GreatSchools Rating 4/10
Strawberry Mansion High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $636 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 16, 2015 for $25,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2406 Ridge Ave has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 2406 Ridge Ave is 3,018 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2406 Ridge Ave is 1915.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19121›2406 Ridge Ave

This home is located at 2406 Ridge Ave in Philadelphia, PA and zip code 19121 in the Lower North Philadelphia neighborhood. This 3,018 square foot home, which was built in 1915, sits on a 0.03 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 03, 2024 and is currently priced at $225,000.

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%. While the average time on the market in April 2024 was 50 days, the median list price was $258,806.

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

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