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Views
Address
2337 Pennsylvania Avenue 41 Philadelphia, PA
Price
$ 2,499,000
Property Attributes
  • MLS#PAPH838508
  • TypeLand
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19130
  • Zip19130
  • StyleResidential
  • Taxes5038
  • Price$ 2,499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
BHHS Fox & Roach-Center City Walnut
Property Description

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!

Price History
10/1/2019 Listed $3,000,000
10/28/2019 1% - $2,999,000
12/12/2019 1% - $2,975,000
12/23/2019 3% - $2,895,000
1/9/2020 4% - $2,790,000
2/19/2020 2% - $2,750,000
3/12/2020 2% - $2,700,000
3/12/2020 4% - $2,600,000
6/24/2020 4% - $2,500,000
8/15/2020 1% - $2,499,000

General Features

Additional Parcels Y/N Yes
Association Y/N No
County PHILADELPHIA
Current Use Residential
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
MLS Area 19130 (19130)
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 530.01
Property SubType Land
Property Type Land
Real Estate Owned Y/N No
Sewer Public Sewer
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning RSA5

Exterior Features

Lot Dimensions 56.00 x 87
Lot Size Acres 0.11
Lot Size Source Assessor
Lot Size Square Feet 4715.00
Navigable Water Y/N No
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19130

Price
AVG $2.27M
$2.5M
Taxes
AVG $6,552
$5,038
Visits
AVG 48
82
Walkscore
AVG 90
93
Data Provided by Walkscore ® not using MLS data

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