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$82,500
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Property Description
Located at 1231 S 27th St in Philadelphia, PA 19146, this corner lot zoned CMX2 offers an exceptional opportunity in the thriving Grays Ferry neighborhood. Spanning a prime location, this lot boasts significant potential for various development projects and investment ventures. Conventionally positioned at the intersection of S 27th St and Oakford street, there is decent exposure- providing a favorable investment for both commercial and residential endeavors. Factoring in the generous size and location of the lot, as well as the potential to build a multi-story structure, the opportunity to build retail spaces, offices, and/or residential units is readily available. The Grays Ferry neighborhood itself adds to the potential of this property. This has become a sought-after destination for residents and businesses alike. Within walking distance to both Wharton Square and D. Finnegan Playgrounds, as well as local eateries such as The Tasty Toast, Krunch Inn, 22nd stCafe, the area continues to expand and evolve. Don't miss out on this prime opportunity. This Property is being sold through an Act 135 conservatorship action. All prior structures were recently demolished. The Property is now a vacant lot, and the order to approve its sale will be a "free and clear" order.
Full Property Details
Full Property Details for 1231 S 27th St
General
- Sold For: $82,500
- Taxes: $1,422 (2023)
- Status: Closed
- Type: Lots/Land
- Source: BrightMLSPhilly
- MLS ID: PAPH2252504
- Added to Site: 997 day(s) ago
Location
- Area: 19146 (19146)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Driving Directions: GPS
School Information
- School District: The School District Of Philadelphia
Utilities
- Sewer: No Sewer System
- Water: None
Structural Information
- Stories/Levels: 0
- Current Bldg. Use: Land/Lot Only
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 905
- Lot Size Source: Assessor
- Lot Dimensions: 16.00 x 57.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $110.5
- Assessment Year: 2023
- School Tax: $780
- City/TownTax: $641
- City/TownTax Freq: Annually
- Tax w/Assessment: $101,600
- Tax Amount: $1,422
- Tax Year: 2023
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
Listed by KW Empower, Kelly Ann Gorman
Sold by Keller Williams Philly, Kelly Ann Gorman
Get Pre-Approved Today
Schools
Schools serving 1231 S 27th St
School District:Philadelphia City School District
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1231 S 27th St
Date
Details
Price
Change
Source
12/31/2023
Sold
$82,500
-17.5%
MLS
8/07/2023
Price Reduced
$99,999
-16.67%
MLS
7/13/2023
Price Increased
$120,000
0.84%
MLS
7/12/2023
Listed
$119,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1231 S 27th Street, Philadelphia, PA 19146 (MLS# PAPH2252504) is a Lots/Land property that was sold at $82,500 on December 31, 2023. Want to learn more about 1231 S 27th Street? Do you have questions about finding other Lots/Land real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

