18 days on rocket

2431 S Edgewood St, Philadelphia, PA, 19142

$264,900

Home List Price

$3,146*

Closing Credit

0 Baths
960 SqFt
$276/SqFt
Multi
Schools Nearby

Location

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2431 S Edgewood St, Philadelphia$264,900

Buyer Closing Credits

$3,146*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1925
HeatingRadiant
CoolingNone
BasementYes
MLS #PAPH2341370
Lot Size0.02 Acres
StatusActive
(ACTIVE)

About 2431 S Edgewood St

Discover this meticulously renovated duplex in Southwest Philadelphia, perfectly suited for an owner-occupant seeking to enjoy one unit while reaping rental income from the other. This property offers a blend of modern updates and unique features, making it an attractive choice for homeowners and investors alike. The first unit is a distinctive bi-level space, featuring a kitchen equipped with stainless steel appliances and natural stone countertops on the main floor, alongside a bedroom and a convenient powder room. There's no traditional living room, which adds to the unit's unique character and spacious feel. The basement level houses another bedroom, which benefits from a walkout to an expansive carport that can accommodate 2-3 cars, adding a valuable outdoor element and convenience to this unit. The second unit on the second floor offers a one-bedroom layout with a separate living and kitchen area. The space is well-proportioned, providing a comfortable and inviting atmosphere. The bedroom is complemented by a full bathroom, located just outside, ensuring privacy and ease of use. This duplex is not just a place to live, but also an investment opportunity. The potential rental income is attractive, with PHA data indicating rates up to $1,200 for a one-bedroom and $1,400 for a two-bedroom in this zip code. For an owner-occupant, this means the chance to offset mortgage payments significantly while enjoying a beautifully updated home. The building is all electric with each unit having its own separate meter. Water is shared and the responsibility of the owner. Situated in a desirable Southwest Philadelphia neighborhood, the duplex is conveniently close to amenities, dining, and transportation, enhancing its appeal. This property is ideal for those looking to have a unit for themselves and a unit that brings in money to help tackle the mortgage payment! Best of both worlds! This is what I can a win-win situation!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1925
  • Living Area: 960 SqFt

Listing Office:

  • Office Name: United Real Estate
  • Office Phone: (484) 367-7727
  • Listing Agent: Ugochukwu U Opara

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Exterior: Sidewalks, Street Lights

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: None

School Info

Assigned Schools Information:

  • John Bartram High School, Public District Grades 9-12
  • William T. Tilden Middle School, Public District Grades 5-8
  • Thomas G. Morton, Public District Grades KG-5

Other

Directions Information:

  • Directions: Use GPS for best directions

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $264,900
  • Price Per SqFt: $276/SqFt

Tax Information:

  • Annual Amount: $880
  • 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

2431 S Edgewood St vs Philadelphia

18 DAYS ON ROCKET

-36 Days

$264,900

+$7.2K More

$276/SqFt

+$81 More

KEY TAKEAWAY

This property is $7.2K more than the Median Sold Price and $81/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: #PAPH2341370

Listing Office:

  • Office Name: United Real Estate
  • Office Phone: (484) 367-7727
  • Listing Agent: Ugochukwu U Opara

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: 4/29/2024, 5:20:19 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$880 -
2019$813$58,100
2018$806$57,600
2017$806$57,600

History based on county public records data.

Payment Calculator

$1,390

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$861

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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-3242225
4
/10
  • Thomas G. Morton

  • 2501 S 63rd St

  • 0.29 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3242226
3
/10
  • William T. Tilden Middle School

  • 6601 Elmwood Ave

  • 0.59 miles

  • Public District Grades 5-8

High School

school-card-donut-3242227
3
/10
  • John Bartram High School

  • 2401 S 67th St

  • 0.62 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,556. Most Philadelphia, PA residents have annual incomes less than $35k. 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


Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19142›2431 S Edgewood St

This home is located at 2431 S Edgewood St in Philadelphia, PA and zip code 19142 in the Southwest Philadelphia neighborhood. This 960 square foot home, which was built in 1925, sits on a 0.02 acre lot. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $264,900.

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 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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