10 months on rocket

3989 Terrace St, Philadelphia, PA, 19128

$450,000

Home List Price

$5,344*

Closing Credit

0 Baths
1,678 SqFt
$268/SqFt
Multi
Schools Nearby

Location

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3989 Terrace St, Philadelphia$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1900
HeatingBaseboard
CoolingWindow Unit(s)
BasementYes
MLS #PAPH2244912
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 3989 Terrace St

Excellent opportunity in Manayunk for someone to live upstairs and have their business on the 1st floor or to rent out the 1st floor to a commercial tenant! Perfect for a small restaurant, bagel shop, cafe, etc. This highly visible mixed use property located on the corner of Shurs Ln and Terrace st was once the popular BYOB, Terrace Street Bistro. Considered one of the best date night restaurants in Philadelphia and just 3 blocks from booming Main Street in Manayunk, yet better street parking. The 1st floor has a dining area which fits 20-25 guests. The kitchen is large and has a commercial gas range, commercial refrigerator, workspace, sinks, and prep areas. There are two bathrooms in the rear of the 1st floor. The basement offers plenty of storage and more room for refrigerators or freezers. Upstairs, with its own entrance from the rear brick patio, is a two bedroom apartment that is currently vacant but could rent for $1600-$1800/month. It features an eat-in kitchen, 2 bedrooms, a full bathroom, a laundry closet, and a large living room.

Property Details

Property Features

Property Information:

  • Architectural Style: Straight Thru
  • Year Built: 1900
  • Living Area: 1,678 SqFt

Listing Office:

  • Office Name: KW Greater West Chester
  • Office Phone: (610) 436-6500
  • Listing Agent: Scott F Gullaksen

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Roxborough High School, Public District Grades 9-12
  • Cook-Wissahickon Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: Main St to Left on Shurs Lane, Located on corner of Terrace St and Shurs Lane. Above the Terrace St Bistro4

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $268/SqFt

Tax Information:

  • Annual Amount: $2,375
  • 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

3989 Terrace St vs Philadelphia

312 DAYS ON ROCKET

+258 Days

$450,000

+$192.3K More

$268/SqFt

+$73 More

KEY TAKEAWAY

This property is $192.3K more than the Median Sold Price and $73/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: #PAPH2244912

Listing Office:

  • Office Name: KW Greater West Chester
  • Office Phone: (610) 436-6500
  • Listing Agent: Scott F Gullaksen

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

Listing History

Mar 12, 2008Home Sold
$225,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,375 -
2019$2,353$168,100
2018$2,286$163,300
2017$5,255$375,400

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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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-3248903
5
/10

  • Cook-Wissahickon Elementary School

  • 201 E Salaignac St

  • 0.45 miles

  • Public District Grades KG-8

High School

school-card-donut-3248904
2
/10

  • Roxborough High School

  • 6498 Ridge Ave

  • 1.03 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 $56,204. Residents of Philadelphia, PA typically earn between $35k-100k each year. Typical family type is single, no kids. 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 Homes›Pennsylvania›Philadelphia County›Philadelphia›19128›3989 Terrace St

This home is located at 3989 Terrace St in Philadelphia, PA and zip code 19128 in the Roxborough / Manayunk neighborhood. This 1,678 square foot home, which was built in 1900, sits on a 0.03 acre lot. It has been listed on Rocket Homes since June 21, 2023 and is currently priced at $450,000.

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 number of homes for sale in Philadelphia, PA increased by 4.6% between February 2024 and March 2024. 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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