10 months on rocket

744 W Ritner St, Philadelphia, PA, 19148

$379,000

Home List Price

$4,501*

Closing Credit

0 Baths
1,560 SqFt
$243/SqFt
Multi
Schools Nearby

Location

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744 W Ritner St, Philadelphia$379,000

Buyer Closing Credits

$4,501*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1925
HeatingForced Air
CoolingCentral Air
MLS #PAPH2243376
Lot Size0.02 Acres
StatusActive
(ACTIVE)

About 744 W Ritner St

Price reduction. Large corner mixed use property with commercial grocery store on first floor and basement for storage, 2nd floor with 2 bedrooms residential unit. Same tenant for both floors. Great cash flow. Building was completely renovated in 2021 with upgrades in exterior wall, roof, interior wall, kitchen, electricity, plumbing and sewerage. First floor grocery store tenant occupies the second floor unit which is a newly renovated 2 bedroom 1 full bathroom unit with separate entrance from the street. laundry area in hallway consists newer washer, dryer and cabinet. Large open living, dining area connected to the kitchen with new granite countertop and mable cabinet. Gas cooking. Hardwood floor. Access to the rear deck with outdoor space. New bathroom with cultured marble vanity, new toilet, bathtub and ceramic tile floor. Separate central heating and air conditioning system by electricity locates in the closet next to the deck. Electric hot water heater locates next to the first floor laundry room. Gas cooking. Tenant pays for all utilities. Rent is $1,300 per month starting Jan 20-Jan 31, 2023 and now on a month to month lease. First floor is a grocery store with basement for storage. Laminate floor. Tenant owns all the equipment, and shelves. Store opens daily 2:30pm-12am. Starting rent $1,500 with 3% increase each year started 12/1/2021 and expected to end on 11/30/2026 with 5 years option to renew(current rent is $1,545). tenant pays $50 water which is included in the lease amount. Tenant has the first right of refusal if house is sold. However current tenant hasn't showed any intention to purchase. Central heating and sir conditional system by natural gas and electricity. Electric hot water heater. Year 2: From Dec 1 2022 to Nov 30. 2023 $1,545/month; Year 3: From Dec 1 2023 to Nov 30, 2024 $1,591/month; Year 4:From Dec 1 2024 to Nov 30, 2025 $1,639/month; Year 5: From Dec 1 2025 to Nov 30, 2026 $1,688/month. The first floor tenant pays the following: 1/2 of real estate tax annually, $50 water fee per month, its own gas and electricity and use and occupancy tax to city. The landlord is only responsible for main sewer. water pipe and HVAC maintenance and repairs. Full basement with ceramic tile floor and and newly parged walls. Basement equipped with stairs access to the sidewalk for loading and storage. Great location close to public transportation and shopping. Great income with stable tenant.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1925
  • Living Area: 1,560 SqFt

Listing Office:

  • Office Name: Century 21 Advantage Gold-South Philadelphia
  • Office Phone: (215) 465-1400
  • Listing Agent: Emily Qing Hui Wang

Interior Features

Interior Information:

  • Appliances: Microwave, Washer, Dryer
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior: Kitchen - Eat-In, Wood Floors, Recessed Lighting, Combination Dining/Living

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • South Philadelphia High School, Public District Grades 9-12
  • Francis Scott Key School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Cross St 8th

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $379,000
  • Price Per SqFt: $243/SqFt

Tax Information:

  • Annual Amount: $2,492
  • 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

744 W Ritner St vs Philadelphia

324 DAYS ON ROCKET

+270 Days

$379,000

+$121.3K More

$243/SqFt

+$48 More

KEY TAKEAWAY

This property is $121.3K more than the Median Sold Price and $48/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: #PAPH2243376

Listing Office:

  • Office Name: Century 21 Advantage Gold-South Philadelphia
  • Office Phone: (215) 465-1400
  • Listing Agent: Emily Qing Hui Wang

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: 4/23/2024, 6:25:17 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

Apr 24, 2018Home Sold
$200,000
Jul 10, 2009Home Sold
$80,000
Mar 05, 2004Home Sold
$60,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,492 -
2019$2,467$176,300
2018$2,396$171,200
2017$2,718$194,200

History based on county public records data.

Payment Calculator

$1,959

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,203

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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-2208487
5
/10

  • Francis Scott Key School

  • 2230 S 8th St

  • 0.14 miles

  • Public District Grades KG-6

High School

school-card-donut-2208488
4
/10

  • South Philadelphia High School

  • 2101 S Broad St

  • 0.51 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 $28,478. Residents of Philadelphia, PA typically earn less than $35k each year. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In South Philadelphia, Philadelphia

What are the common housing types in South Philadelphia, Philadelphia?

South Philadelphia experienced its biggest construction boom prior to the 1960s, so most of the available homes are from this era. The predominance of townhouses in the housing stock of this community is an important part of its character. Homeowners occupy roughly 60% of the units in South Philadelphia and 40% are rented. This area offers mainly two bedroom and three bedroom homes.

What are the advantages of living in South Philadelphia, Philadelphia?

South Philadelphia is a great part of the city for those who enjoy both indoor and outdoor activities. There are a large number of lively parts in this area for those looking for a dynamic vibe. Despite the fact that there is a limited selection of entertainment venues, there are usually lots of people around, and finding one of the over 100 bars is very easy since they are generally situated in very convenient locations. Reese Street is among the most active streets in this part of the city. There are about 50 green spaces nearby for residents to explore, such as Wilson Park and Roosevelt Park, which makes them easy to access from the majority of locations in the community.

Are essential services in South Philadelphia, Philadelphia convenient?

Home buyers in South Philadelphia will value that a general and a specialty grocery store is always only a very short walk away. Moreover, thanks to 1400-odd restaurants and cafes in South Philadelphia, there is typically a place to get a meal or a beverage just around the corner. It is also a short walk to a very good selection of clothing stores, for instance on 9th Street. Concerning education, house buyers will welcome that no matter where their home is situated in South Philadelphia, both primary and secondary schools are close by. Besides public schools, there are private elementary and high schools.

How do South Philadelphia, Philadelphia residents get around?

Regardless of the means of transportation, it is quite simple to get around in this community. South Philadelphia is very suitable for those who travel by foot; most day-to-day needs are very easy to meet by walking, and numerous businesses of different types can be found as well. The public transit system in South Philadelphia is very accessible. More specifically, house owners can rely on a multitude of rapid transit stations on the Broad Street Line. The community is served by approximately 20 bus lines, and most residences are very close to a bus stop. Cars are also a reasonably good medium of transportation in this area. Many homes for sale are a short drive from the nearest highway, such as Delaware Expressway.

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Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19148›744 W Ritner St

This home is located at 744 W Ritner St in Philadelphia, PA and zip code 19148 in the South Philadelphia neighborhood. This 1,560 square foot home, which was built in 1925, sits on a 0.02 acre lot. It has been listed on Rocket Homes since June 04, 2023 and is currently priced at $379,000.

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. While the average time on the market in March 2024 was 54 days, the median list price was $257,610.

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

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