9 months on rocket

5624 Elmwood Ave, Philadelphia, PA, 19143

$145,005

Home List Price

$1,722*

Closing Credit

3 Bedrooms
1 Full Bath
1,024 SqFt
$142/SqFt
Townhouse
Schools Nearby

Location

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5624 Elmwood Ave, Philadelphia$145,005

Buyer Closing Credits

$1,722*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingNone
Year Built1925
HeatingRadiant
CoolingWall Unit(s)
BasementYes
MLS #PAPH2257974
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 5624 Elmwood Ave

5624 Elmwood Ave, located in Philadelphia, PA, is a turn-key rental property or an owner-occupant oasis. Renovated in 2018, this Philadelphia row home offers a range of updated features, including a new roof, windows, flooring, kitchen, appliances, and bathroom. With the added benefit of being currently tenant occupied by a long-term tenant who takes good care of the home, this property presents an excellent opportunity for investors or homeowners looking for a well-maintained and hassle-free property. Property Features: Renovation: The property underwent significant renovations in 2018, ensuring a modern and updated living space. The renovations include a new roof, new windows, new flooring, a new kitchen, new appliances, and a new bathroom. These improvements contribute to the overall appeal and functionality of the property. Turn-Key Rental Property: With its current tenant occupancy and a long-term tenant in place, 5624 Elmwood Ave presents a ready-to-go investment opportunity. The property is already generating rental income, making it an attractive option for investors seeking immediate cash flow. The tenant's commitment to taking good care of the home further enhances its value as a turn-key rental property. Owner-Occupant Oasis: In addition to its investment potential, 5624 Elmwood Ave can serve as a comfortable owner-occupant oasis. The property's recent renovations ensure a modern living experience with updated amenities. Whether you're a first-time homeowner or looking to downsize, this property offers a move-in ready space for individuals or families seeking a convenient and well-maintained home. Location: 5624 Elmwood Ave is situated in Philadelphia, PA, which provides easy access to various amenities, services, and attractions. The property's location within the city offers proximity to schools, parks, shopping centers, restaurants, and entertainment options. Commuting is made convenient with accessible transportation routes and public transit options available nearby. Investment Potential: The property's turn-key rental status makes it an appealing investment opportunity. With a long-term tenant in place who maintains the property, investors can enjoy consistent rental income without the immediate need for extensive property management. Additionally, the recent renovations contribute to the property's desirability, potentially attracting quality tenants and supporting a healthy rental demand. 5624 Elmwood Ave in Philadelphia, PA, is a renovated row home offering a turn-key rental property or an owner-occupant oasis. With its updated features, including a new roof, windows, flooring, kitchen, appliances, and bathroom, this property provides a modern living space. The current long-term tenant, who takes good care of the home, adds value and convenience for investors or homeowners. Whether you're seeking an investment property or a comfortable residence, 5624 Elmwood Ave presents an excellent opportunity in the Philadelphia real estate market.Note: The photos are from 2018 prior to the home being occupied.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1925
  • Stories: 2
  • Living Area: 1,024 SqFt

Listing Office:

  • Office Name: RE/MAX Classic
  • Office Phone: (610) 687-2900
  • Listing Agent: William Holder

Interior Features

Interior Information:

  • Appliances: Refrigerator, Washer, Dryer
  • Basement: Yes
  • Flooring Type: Fully Carpeted, Tile/Brick, Vinyl

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Sidewalks

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Wall Unit(s)

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: S 58th St to Elmwood Ave.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $145,005
  • Price Per SqFt: $142/SqFt

Tax Information:

  • Annual Amount: $1,083
  • 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

5624 Elmwood Ave vs Philadelphia

293 DAYS ON ROCKET

+243 Days

$145,005

-$113.8K Less

$142/SqFt

-$54 Less

KEY TAKEAWAY

This property is $113.8K less than the Median Sold Price and $54/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: #PAPH2257974

Listing Office:

  • Office Name: RE/MAX Classic
  • Office Phone: (610) 687-2900
  • Listing Agent: William Holder

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: 5/16/2024, 12:20:50 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

Oct 18, 2018Home Sold
$59,287
Jun 13, 2018Home Sold
$30,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,083 -
2019$739$52,800
2018$822$58,700
2017$822$58,700

History based on county public records data.

Payment Calculator

$791

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$501

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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-1926015
5
/10

  • Thomas G. Morton

  • 2501 S 63rd St

  • 0.66 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1926016
3
/10

  • William T. Tilden Middle School

  • 6601 Elmwood Ave

  • 0.98 miles

  • Public District Grades 5-8

High School

school-card-donut-1926017
2
/10

  • John Bartram High School

  • 2401 S 67th St

  • 1.01 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 $45,000. Residents of Philadelphia, PA typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5624 Elmwood Ave

What is the listing price of this property?

The listing price of 5624 Elmwood Ave property is $145,005.

What type of property is this?

The property 5624 Elmwood Ave is a townhouse located in Philadelphia, Pennsylvania, 19143.

Is this property for sale now?

Active Listing: 5624 Elmwood 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 5624 Elmwood Ave are:
Thomas G. Morton: GreatSchools Rating 5/10
William T. Tilden Middle School: GreatSchools Rating 3/10
John Bartram High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,083 (source: MLS/based on county public records data).

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

The last sale was on October 18, 2018 for $59,287. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5624 Elmwood Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5624 Elmwood Ave is 1,024 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5624 Elmwood Ave is 1925.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19143›5624 Elmwood Ave

This home is located at 5624 Elmwood Ave in Philadelphia, PA and zip code 19143 in the Southwest Philadelphia neighborhood. This 1,024 square foot home, which was built in 1925, sits on a 0.03 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 27, 2023 and is currently priced at $145,005.

In April 2024, from all listings sold in Philadelphia, PA there were more than 242 sold above asking price, over 502 sold below and more than 216 were sold right at the asked price. Between March 2024 and April 2024, Philadelphia, PA real estate market has seen increase in the number of listings by 9.8%. The median list price of listings available in April 2024 was $258,806, while the average time on the real estate market was 50 days.

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

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