3 months on rocket

3861 Fairmount Ave, Philadelphia, PA, 19104

$890,000

Home List Price

$10,000*

Closing Credit

0 Baths
4,200 SqFt
$212/SqFt
Multi
Schools Nearby

Location

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3861 Fairmount Ave, Philadelphia$890,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingNone
Year BuiltNew Const., 2024
HeatingForced Air
CoolingCentral Air
MLS #PAPH2313704
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 3861 Fairmount Ave

Welcome to FAIRMOUNT AVE TRIPLEX'' in one of the strongest rental and investment markets. Don't miss the incredible investment opportunity located in walking proximity to Drexel University and UPENN. This triplex offers three (3) luxury condo-style spacious and tastefully designed apartments featuring rustic flooring, stainless-steel appliances, and tons of square footage. Unit #1 is a 3 Bed, 3 Baths. Units #2 is 2 Bed, 2 Baths. Unit# 3 is 2 Bed, 2 Baths AND TOP DECK. Each unit includes a large open-concept common space, upgraded kitchen, and extremely spacious bedrooms with accompanying closets and bathrooms! Unit 1 is accompanied by a good-size back patio. All units are on their own meter for gas and electric, and each have their own gas furnaces, water heaters, and include washer and dryers. This property is ideal for Drexel students, medical professionals, and university staff due to its proximity to Drexel University and Penn Presbyterian hospital. With an abundance of public transportation as well as the proximity to Downtown PhiladelphiA. This amazing Triplex gets a Walkscore of 87 out of 100, a 62 out of 100 for transit, and 95 out of 100 for the bikers. This property is located near dozens of restaurants, cafes, and bars. There is no shortage of eateries nearby. Along Lancaster Ave, find many different boutiques and stores within a walking distance! This property is not to be missed, contact Philly Home Advisors today to learn more about this incredible investment opportunity! This potential money machine apartment 's predicted income will be about 6000$ in a month. 10 YEARS TAX ABATEMENT is processed and 1 YEAR BUILDER WARRANTY. Opportunity knocks the door for investors !.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2024
  • Living Area: 4,200 SqFt

Listing Office:

  • Office Name: HomeSmart Realty Advisors
  • Office Phone: (215) 604-1191
  • Listing Agent: Gazi Ataseven

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • West Philadelphia High School, Public District Grades 9-12
  • Morton McMichael School, Public District Grades KG-8

Other

Directions Information:

  • Directions: GPS

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $890,000
  • Price Per SqFt: $212/SqFt

Tax Information:

  • Annual Amount: $1,163
  • 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

3861 Fairmount Ave vs Philadelphia

102 DAYS ON ROCKET

+48 Days

$890,000

+$632.3K More

$212/SqFt

+$17 More

KEY TAKEAWAY

This property is $632.3K more than the Median Sold Price and $17/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: #PAPH2313704

Listing Office:

  • Office Name: HomeSmart Realty Advisors
  • Office Phone: (215) 604-1191
  • Listing Agent: Gazi Ataseven

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, 3:20:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 17, 2021Home Sold
$60,000
Jul 03, 2019Home Sold
$40,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,163 -
2019$176$12,600
2018$176$12,600
2017$176$12,600

History based on county public records data.

Payment Calculator

$4,509

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,735

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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-3197137
3
/10

  • Morton McMichael School

  • 3543 Fairmount Ave

  • 0.26 miles

  • Public District Grades KG-8

High School

school-card-donut-3197138
3
/10

  • West Philadelphia High School

  • 4901 Chestnut St

  • 1.17 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 $25,536. 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›19104›3861 Fairmount Ave

This home is located at 3861 Fairmount Ave in Philadelphia, PA and zip code 19104 in the Mantua neighborhood. This 4,200 square foot home, which was built in 2024, sits on a 0.03 acre lot. It has been listed on Rocket Homes since January 17, 2024 and is currently priced at $890,000.

In March 2024, from all listings sold in Philadelphia, PA there were more than 228 sold above asking price, over 481 sold below and more than 214 were sold right at the asked price. Between February 2024 and March 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 4.6%. 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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