9 months on rocket

522 N Preston St, Philadelphia, PA, 19104

$1,200,000

Home List Price

$10,000*

Closing Credit

0 Baths
5,376 SqFt
$223/SqFt
House
Schools Nearby

Location

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522 N Preston St, Philadelphia$1,200,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOn Street
Year BuiltNew Const., 2016
HeatingCentral
CoolingCentral Air
BasementYes
MLS #PAPH2256532
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 522 N Preston St

OPPORTUNITY knocks!!! Own a fully occupied 5-unit building in one of Philadelphia's Opportunity Zones. This 7-year young building sits on a 17x100 lot, has 3-4 years left on the tax abatement and brings in $98,700 in gross annual rent. Unit #1 features a flat 2 bed, 2 bath unit with a private backyard for $1725/month. Unit #2 features a 2 bed, 2 bath unit for $1700/month. Unit #3 features a bi-level 2 bed, 2 bath unit for $1650/month. Unit #4 features a bi-level 2 bed, 2 bath unit for $1732.50/month. Unit #B features a lower level 2 bed, 2 bath unit for $1417.50/month. The owners collect $60 monthly water fee from each unit. All of the units have open kitchens with brown cabinets, granite countertops and stainless steel appliances, including an electric stove, a dishwasher, a microwave, a refrigerator and a garbage disposal; large bathrooms, high ceilings, skylight windows in the top floors units #3 and #4, intercoms, washer & dryer in each apartment, lots of natural sunlight. Central A/C and heat in each unit. Apt #1 has a private backyard. Extremely low taxes for the next 3 to 4 years! Cap rate of 7.4%. 522 N Preston st is walking distance to UPenn, Drexel U, Penn Presbyterian Medical Center, Philadelphia Zoo, the Vidas Athletic Complex and much more. Minutes to Center City, Art Museum, 30th St Station, Kelly Drive and 76. There are new construction properties everywhere in this neighborhood. This is one of the most concentrated innovation districts in the United States with national leading employment centers and higher learning institutions.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 2016
  • Living Area: 5,376 SqFt

Listing Office:

  • Office Name: City Wide Realty Inc
  • Office Phone: (215) 310-6888
  • Listing Agent: Kateryna Brekhunova

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Engineered Wood

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • West Philadelphia High School, Public District Grades 9-12
  • Alain Locke Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: google maps

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,200,000
  • Price Per SqFt: $223/SqFt

Tax Information:

  • Annual Amount: $1,599
  • 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

522 N Preston St vs Philadelphia

295 DAYS ON ROCKET

+245 Days

$1,200,000

+$941.1K More

$223/SqFt

+$27 More

KEY TAKEAWAY

This property is $941.1K more than the Median Sold Price and $27/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: #PAPH2256532

Listing Office:

  • Office Name: City Wide Realty Inc
  • Office Phone: (215) 310-6888
  • Listing Agent: Kateryna Brekhunova

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: 5/2/2024, 9:20:23 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 21, 2016Home Sold
$110,000
Mar 02, 2011Home Sold
$14,500

Tax History

YEARPROP. TAXASSESSMENT
2020$1,599 -
2019$6,236$479,800
2018$1,713$859,200
2017$396$28,300

History based on county public records data.

Payment Calculator

$6,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,664

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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-4650316
3
/10

  • Alain Locke Elementary School

  • 4550 Haverford Ave

  • 0.44 miles

  • Public District Grades KG-8

High School

school-card-donut-4650317
3
/10

  • West Philadelphia High School

  • 4901 Chestnut St

  • 0.86 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 $25,680. The most common annual income of people living in Philadelphia, PA is less than $35k. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 522 N Preston St

What is the listing price of this property?

The listing price of 522 N Preston St property is $1,200,000.

What type of property is this?

The property 522 N Preston St is a house located in Philadelphia, Pennsylvania, 19104.

Is this property for sale now?

Active Listing: 522 N Preston St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 522 N Preston St are:
Alain Locke Elementary School: GreatSchools Rating 3/10
West Philadelphia 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 $1,599 (source: MLS/based on county public records data).

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

The last sale was on September 21, 2016 for $110,000. (source: MLS/tax record).

What is the square footage of this property?

The property 522 N Preston St is 5,376 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 522 N Preston St is 2016.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19104›522 N Preston St

This home is located at 522 N Preston St in Philadelphia, PA and zip code 19104 in the Powelton neighborhood. This 5,376 square foot home, which was built in 2016, sits on a 0.04 acre lot. It has been listed on Rocket Homes since July 11, 2023 and is currently priced at $1,200,000.

Over 242 listings were sold over their listed price in April 2024 in Philadelphia, PA. In the same period over 502 listings were sold below the listed price and 216 listings were sold for the listed price. Between March 2024 and April 2024, Philadelphia, PA real estate market has seen increase in the number of listings 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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