2337-41 PENNSYLVANIA AVE $2,600,000

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    2337-41 PENNSYLVANIA AVE PHILADELPHIA, PA 19130

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    $2,600,000

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    • 4 Beds
    • 3 Baths
    • 2,040 sq. ft.
    • Row/Townhouse
    • MLS# PAPH838526
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    Views: 1749 Days On Market: 246

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    Property Details

    On behalf of ownership, pleased to present this unrivaled development opportunity with unobstructed, front facing views of both the Museum of Arts and the Rocky statue. A 4798sqft site, currently subdivided into (3) parcels (2337-2339-2341 Penn Ave) holding an rsa5 distinction. With ample development scenarios in play, 2341 Penn Ave presently seats a 2040sqft single family/office structure that is deemed historic, albeit non contributing, so it may be renovated, taken down to allow for new construction or rezoned multifamily. (3) 3100sqft+ homes may be constructed by right, with the possibility in receiving a variance for an additional single family or converted to a multifamily designation (buyer responsible for approvals along with all due diligence). This opportunity is anchored by neighboring Green Street Estates that sold out in a 10 month span (estimated $1,600,000-$2,400,000 outsale per home). Expected outsale for this Pennsylvania Ave assemblage once constructed: $1,900,000-$2,100,000 per home. Anticipated ROI; 14-17%. There may never be another opportunity to build 3 contiguous, new construction homes in this vicinity again!

    • General Features
      • Condo Coop Association Y/N N
      • County PHILADELPHIA
      • HOA Y/N N
      • New Construction Y/N N
      • Pool No Pool
      • Sale Type Standard
      • Senior Community Y/N N
      • Tax Annual Amount 5038.00
      • Tax Year 2020
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1975
      • Zoning 5
    • Building Features
      • Basement Type Fully Finished
      • Cooling Fuel None
      • Cooling Type None
      • Fireplaces Count 0
      • Garage Y/N N
      • Heating Fuel Natural Gas Available
      • Heating Type Other
      • Sewer Septic Public Sewer
      • Style Traditional
      • Total Living Area 2040
    • Room Features
      • Bedrooms Count Main Level 4
      • Bedrooms 4
      • Bathrooms 3
      • Bathrooms Count Main Level 3.00
      • Full Bathrooms 3
      • Bathrooms Full Main Level 3
    • Property Features
      • Lot Size Acres 0.11
      • Lot Size Dimensions 56.00 x 87
    • Schools
      • School District THE SCHOOL DISTRICT OF PHILADELPHIA

    Contact

    Jeffrey Palmer

    Jeffrey Palmer

    Sales Associate

    RS325817

    BHHS Fox & Roach Center City-Society Hill

    Primary: 215-962-3239
    • Home Buyers Warranty
    • HSA Home Warranty

    Neighborhood

    Market Last 30 Days In This Postal Code

    $430,000 Median Sales Price
    26 Homes Sold
    53 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,600,000
        3/12/2020 6:56:02 PM Price Reduced Source New Value: $2,600,000 -3.7%
        3/12/2020 3:58:04 PM Price Reduced Source New Value: $2,700,000 -1.82%
        2/19/2020 7:27:44 PM Price Reduced Source New Value: $2,750,000 -1.43%
        1/9/2020 7:27:04 PM Price Reduced Source New Value: $2,790,000 -3.63%
        12/23/2019 6:09:59 PM Price Reduced Source New Value: $2,895,000 -2.69%
        12/12/2019 7:53:07 PM Price Reduced Source New Value: $2,975,000 -0.8%
        10/1/2019 6:40:00 PM New in Database Source New Value: $2,999,000

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        Information is supplied by seller and other third parties and has not been verified. All information provided is deemed reliable but is not guaranteed. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than consumers’ personal, non-commercial use. Copyright 2020 BRIGHT MLS – All Rights Reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.